How is AI and machine learning revolutionising the mortgage industry? The mortgage industry is not renowned for being user-centric and change has historically been driven...

Advertisement &nbsp &nbsp Foreigners investing in digital currencies in the U.K. are now exempt from paying taxes. The new rule is only applicable if...

<!-- --> Crypto investors in the UK will be able to offset losses under new legislation, according to an expert on...

NFTs are still the topic of conversation at the start of 2022. The new technology is growing more popular than ever, and a large number of investors are flocking to the space. The ambition to be early adopters and earn significant rewards drives major businesses to spend millions of dollars without hesitation to achieve their [...]

The post Paypal Adjusts Seller Protection Policy: Limits NFT Transactions Over $10,000 appeared first on Blockonomi.

Copyright infringement, wash trading and other minor to major issues have put NFTs in a gray-zone. Continuous legal problems may potentially cause a number of unfavorable effects on the growth of NFTs as well as their future. Previously, the US-based NFT marketplace Cent officially suspended all transactions of blockchain-backed digital arts on its platform in [...]

The post The Wild West: NFT Copyright Infringement is Getting Worse appeared first on Blockonomi.

Crypto Apps Popularity Explodes After Super Bowl | UK Tax Authorities Seize 3 NFTs Amid Tax Fraud Probe | Singaporean State Investment Fund Drops Coinbase Stock

British authorities have made three arrests on the grounds of suspected tax evasion, seizing three NFTs in the process. Your jpgs are now Her Majesty’s Her Majesty’s Revenue and Customs (HMRC), which is the national tax authority in the UK, reportedly seized crypto assets worth a total of roughly 5,000 GBP, according to the BBC. […]

The post UK Seizes First NFTs In Tax Evasion Case appeared first on CryptoCoin.News.

For the first time, Her Majesty’s Revenue and Customs has seized three NFTs amid a wider tax fraud investigation in the United Kingdom.

The UK’s tax body seized three non-fungible tokens (NFTs) and arrested three people on suspicion of attempting to defraud it of £1.4 million. This is a first for British authorities in the policing of digital assets, Telegraph reported. HM Revenue and Customs (HMRC) said the move was part of a probe into a suspected Value […]

The tax authority made three arrests in connection with a suspected tax evasion using shell companies and false identification.

The central bank feels that there is too much risk for retail investors who lack the expertise needed to trade crypto, but professional investors are welcome to continue trading.

Both Bitcoin and Ethereum recrossed critical thresholds, but they’re not the week’s biggest risers.