Trezor's Plans, Spain's Crypto Tax Warning, Thai SEC & Binan | Crypto Land
Trezor's Plans, Spain's Crypto Tax Warning, Thai SEC & Binance.
Wallet news
Trezor announced four things set to come out this year: Trezor Suite Mobile app for Android, Bitcoin Full Node, CoinControl, and Child Pays For Parent (CPFP), as well as CoinJoin. The anonymization method for bitcoin transactions CoinJoin will obscure the sources and destinations of users' transactions, they said, claiming that the combination of Tor Switch, CoinControl, and CoinJoin "will guarantee you the top level of privacy and security."
Tax news
The Spanish Tax Agency, known locally as the Hacienda, has issued an unprecedented 14,800 warning letters to Spaniards it suspects may fail to or have already failed to declare their crypto earnings in mandatory tax filings. Per Telemadrid, the letters sought to inform recipients that they did not need to declare any crypto purchases, but reminded them that capital gains tax payments were due on profitable sales. Failure to comply, the agency added, could result in fines of “over USD 6,000.”
Exchanges news
The Thai Securities and Exchange Commission (SEC) issued a warning to the country's investors stating that Binance is not a licensed digital asset operator in this country. Therefore, its users will not be protected by Thailand's law. The regulator sent a letter to the major exchange and to "the relevant parties to clarify the information" about the company. When contacted by Cryptonews, Binance refused to comment on the topic, stating that they "don't disclose our conversations with regulators."
CBDC news
A group of the world’s seven major central banks (including the US Federal Reserve and the European Central Bank) has scope to set common rules and platforms for their own digital currencies that could lay the groundwork for more efficient cross-border payments, said Kazushige Kamiyama, head of the Bank of Japan (BOJ)’s department overseeing the development of a central bank digital currency (CBDC). Per Reuters, as the role a CBDC plays differs for advanced nations with a robust banking system and emerging economies that can use CBDCs to make up for shortfalls in their financial infrastructure, said Kamiyama, it's "better to come up with common rules among countries with similar economic structures."
DeFi news
Coinbase joined the DeFi Alliance, an open association that provides mentorship and funding for early stage tech teams working in the decentralized finance (DeFi) sector, they said. The DeFi Alliance has more than 60 member companies. They recently announced their first fund, DeFi Alliance Fund I, seeded by Alliance members and led by the founding partners along with billionaire entrepreneur Mark Cuban.
