THE LATEST CRYPTO NEWS FROM CNS Spanish tax agency to sen | Crypto Never Sleeps Broad
THE LATEST CRYPTO NEWS FROM CNS
Spanish tax agency to send over 328K notices to crypto holders
The Spanish Tax Administration Agency (AEAT) is increasing its efforts to charge the local holders of crypto assets. The AEAT intends to dispatch 328,000 warning notices to those who should pay their taxes on crypto for the 2022 fiscal year.
According to the local newspaper El Mundo, the number of notices increased by 40% in a year, with 150,000 warnings in 2022. However, the fiscal authorities appear to be taking the matter seriously only recently, with just 15,000 notifications in 2021.
However, such activity isn’t focused solely on crypto, with more than 660,000 notices to be sent this year to those who underreported their rental income and 807,000 for their income abroad.
https://cointelegraph.com/news/spanish-tax-agency-to-send-over-328k-notices-to-crypto-holders
Ren Protocol transfers all assets to FTX debtors’ wallet in case of shutdown
Cross-chain bridge platform Ren Protocol has announced that FTX, Alameda Research and other affiliates that acquired the platform in 2022 have authorized and directed the platform to move all its crypto assets to FTX debtors’ wallets.
According to Ren, the move lets debtors safeguard their assets in case of a potential shutdown of their systems and infrastructure. The bridge service also highlighted that they would transfer the assets to a segregated wallet specific to Ren’s assets to separate the funds from other debtor wallets.
https://cointelegraph.com/news/ren-protocol-transfers-all-assets-to-ftx-debtors-wallet-in-case-of-shutdown
Hong Kong virtual bank to offer crypto conversions and accounts
ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges.
According to an April 12 Bloomberg report, the bank will act as a settlement bank to allow token deposits at licensed exchanges to be withdrawn in Hong Kong dollars, Chinese yuan and United States dollars, and is also offering account services to crypto firms.
The accounts for local crypto firms follow a trial in a regulatory sandbox that saw approximately 100 firms participate, but ZA Bank CEO Ronald Iu noted that clients from mainland China would not be offered the service due to the country’s restrictions.
https://cointelegraph.com/news/hong-kong-virtual-bank-to-offer-crypto-conversions-and-accounts-report
Bitfinex Securities El Salvador receives Digital Asset Service provider license in El Salvador
Digital asset exchange Bitfinex Securities El Salvador has received a digital asset service provider license under El Salvador’s new Digital Assets Issuance Law, which was passed by El Salvador’s National Congress in January, with the goal of fostering increased financial innovation and growth in the Central American country.
According to the announcement, the license, which was granted on April 11 by El Salvador’s National Digital Asset Commission, makes Bitfinex Securities El Salvador “the world’s first international digital asset platform to receive approval to be licenced as a Digital Asset Service Provider” in El Salvador
https://cointelegraph.com/news/bitfinex-securities-el-salvador-receives-digital-asset-service-provider-license-in-el-salvador
