🔥 JUST IN: #Mastercard expands into the EEMEA region with the launch of its Crypto Credential solution in the #UAE 🇦🇪 and #Kazakhstan 🇰🇿.

🇰🇿 Kazakhstan has blocked 3,500 illegal crypto exchanges and exchangers with a total turnover of over $113 million 💰.

In addition, 4.8 million USDT was frozen and confiscated.

Two crypto platforms with frozen assets worth 120,000 USDT were also uncovered, of which 545,000 USDT were returned to customers.

Global changes in crypto market regulation continue!

#Kazakhstan #Crypto #USDT #CryptoRegulation #Blockchain
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🇰🇿 Kazakhstan is preparing to become the IT hub of Central Asia! 💻🚀

Attention, friends: Kazakhstan is making a huge leap towards a digital future! 🌐 The country plans to open offices for giants like TON, Tether, and even Google! 🎉✨

Why is this important?

1️⃣ TON (The Open Network) — a platform from the creators of Telegram, promising a revolution in decentralized applications. 💡📲
2️⃣ Tether — the largest stablecoin in the world. Their presence is a significant step for the development of the cryptocurrency sector in the region. 💰⚡
3️⃣ Google — a name that speaks for itself. Their office in Kazakhstan will be a catalyst for IT development. 🔍🌟

What will this bring?

💡 New jobs. Thousands of specialists will be able to work with global leaders.
💡 Digital ecosystem. The development of blockchain and technologies in the region will reach a new level.
💡 Attracting investments. Kazakhstan is becoming a magnet for international business. 📈🌍

Kazakhstan — a new leader in technology?

At this pace, the country could become the Silicon Valley of Central Asia. What do you think? Is this the beginning of a tech boom? Share your opinion! ✍️👇

#Kazakhstan #TON #Tether #Google #CryptoFuture

🪙 Crypto and Blockchain News (December 22, 2023):

1️⃣ Diana Mondino: The post-election government of #argentina has ratified and confirmed that Bitcoin can be used as a currency for contracts. 🇦🇷

2️⃣ Uniswap Labs: In 2023, the total value of swaps on the #uniswap DEX platform reached $454 billion. February set a record with $73 billion. The cumulative number of transactions by users amounted to 163 million. Uniswap recorded the addition of 2.89 million new wallets and the opening of 3.33 million liquidity provider positions during the year. 📈

3️⃣ The Astana Times: Starting January 1, 2024, amendments to tax legislation in #kazakhstan will come into effect, aimed at reducing the financial burden on cryptocurrency exchanges and mining enterprises. 🏦

4️⃣ GitHub: The #ethereum network team announced that the Dencun hard fork is now scheduled for January 17. It will implement the EIP-4844 proposal, with the update initially deployed on the Goerli test network. 🔄

5️⃣ Finanznachrichten: HIVE Digital Technologies has announced the purchase of 7000 Antminer S21 from the Chinese manufacturer Bitmain. Delivery is expected from January to June 2024. After the installation of the equipment, the average energy efficiency of the company's mining park will be 25 J/TH, with a hash rate of 5.8 EH/s. ⛏️

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🔐 Cybersecurity News (December 11, 2023):

1️⃣ The Block: CEO of JPMorgan Chase, Jamie Dimon, stated the need for serious restrictions on digital assets during a meeting with U.S. legislators. 💼 The necessity for limitations on digital assets raises questions about #cryptocurrency regulation.

2️⃣ AFM: Since the beginning of 2023, the Financial Monitoring Agency (AFM) of #kazakhstan has shut down the operations of 980 illegal cryptocurrency exchange platforms. Law enforcement has initiated nine investigations into illegal exchange transactions totaling $36.7 million. 🛑 Effective work.

3️⃣ Tondev: The throughput of The Open Network (TON) slowed to one transaction per second due to a glitch caused by the popularity of the Ordinals analog. According to developers and #ton users in the Telegram chat, issues began on December 5th. The blockchain overload was so severe that popular crypto wallets, TON Wallet, and Tonkeeper temporarily halted operations. By December 7th, over 2.5 million unconfirmed transactions were stuck in the pool. 🚨 This underscores the importance of scalability in blockchain projects.

4️⃣ thirdweb: Developers of the Thirdweb #web3 platform discovered a vulnerability in an unnamed open-source library that potentially affects the security of numerous smart contracts and NFT collections. 🔐

5️⃣ NIST: The U.S. National Vulnerability Database (NVD) marked the "marks" created in the Ordinals protocol as a cybersecurity threat to the first cryptocurrency network. According to the warning, in some versions of #bitcoin Core and Bitcoin Knots, using BRC-20, limitations on transmitted data volume through a transaction can be bypassed by disguising them as code. 🔒

🌐 Stay informed about cryptocurrency news!

🔐 Cybersecurity News (December 4, 2023):

1️⃣ Recorded Future: Since 2017, North Korean hackers have stolen approximately $3 billion in digital assets, with $1.7 billion occurring in the last year alone. In 2022, cybercriminals earned 9.3 times more than the country's export earnings ($182 million). 🚀 This alarming increase underscores the need to strengthen #cybersecurity in the crypto industry.

2️⃣ AFM: In the Karaganda region, the activities of an individual engaged in selling cryptocurrencies on an unnamed crypto exchange have been halted. The Financial Monitoring Agency of #kazakhstan reports that, from the beginning of 2020 to February 2023, the suspect conducted operations totaling around 95 million tenge (over $205,000). 💼

3️⃣ Immunefi: Losses in the #crypto industry due to 296 cases of hacks and fraud in November exceeded $343 million. This marks the highest figure in a month since the beginning of the year. Compared to October, the number has increased by a staggering 15.4 times. The total damage in 2023 has already reached $1.75 billion. 💸

4️⃣ Wu Blockchain: Journalist Colin Wu noticed suspicious transactions from the official wallet of the Web3 platform Hooked Protocol, warning of possible insider trading. According to on-chain data, an address presumably associated with the project transferred around 4.94 million HOOK tokens to Binance. 🔍 Insider trading could harm trust in the project.

5️⃣ Interfax: Rosfinmonitoring recorded a twofold increase in suspicious cryptocurrency transactions. Such transactions are often linked to drug sales, fraud, and corruption, with cases of terrorism financing also reported. ☠️ The rise in suspicious transactions underscores the need for additional efforts to combat crime in the crypto sphere.

🚀💬 What topics interest you the most? Write in the comments!

🪙 Crypto and Blockchain News (November 28, 2023):

1️⃣ Bitfarms: Bitfarms, a mining company, has placed an order for the delivery of 35,888 Antminer T21 bitcoin #mining devices from Bitmain at a price of $2,660 per unit. According to the disclosed information, the transaction amount will be approximately $95.5 million. The equipment is expected to be delivered in March-May 2024. 💰 This is a significant deal highlighting activity in the mining sector.

2️⃣ Bloomberg: Ravi Menon, the head of the Central Bank of Singapore, believes that cryptocurrencies are becoming a thing of the past. In his opinion, they have not withstood fundamental tests by financial services. In the near future, digital assets will fade from the monetary scene, with other assets enjoying greater success. 📉

3️⃣ Animoca Brands: Hong Kong-based developer and investor in blockchain games, Animoca Brands, is investing in The Open Network (TON). Together, the platforms aim to help millions of users transition from Web2 to #web3 and promote the adoption of cryptocurrencies. Animoca Brands has become the largest validator for TON, but the total investment amount is currently unknown. 🌐

4️⃣ Jito: Developers of the liquid staking protocol on the #solana blockchain, Jito Network, have launched the native governance token JTO with a circulating supply of 1 billion coins. Jito is creating infrastructure to mitigate the negative impact of #mev bots on the core ecosystem. According to the company's statement, the JitoMEV validator network manages 40% of the assets locked in Solana. 🚀

5️⃣ PR Newswire: In mid-November, mining company Canaan obtained a license in Kazakhstan to engage in cryptocurrency mining activities. Collaborating with partners, the mining equipment manufacturer plans to resume farm operations by the end of 2023. 🌍 The license in #kazakhstan provides Canaan with new opportunities for development in a crucial region on the crypto mining map.

🔥 What's your perspective on these events? Let us know in the comments!

💡 Kazakhstan requires declaring income from cryptocurrency 💰

In Kazakhstan, it is now forbidden to hide income from the sale of cryptocurrencies. All digital assets, securities, and shares in funds must be included in the declaration. 📋 It is important to provide data on the amount, purchase rate, and even the issuer of the asset. And what if you don't have supporting documents? Then you will have to declare everything! 😮

Tax is charged on the difference between the purchase and sale rates. If you sold for less, then tax is only on the "minus". 📉 Accounts in foreign banks also need to be declared, but brokerage accounts do not require declaration.

💡 Interestingly, in the USA, investors are already facing tax evasion charges, like Frank Richard, for example. So it’s worth considering, as cryptocurrency is coming out of the "shadow".

👉 The bitcoin rate is rising, but it remains a risky asset. What do you think: will bitcoin ever become an international reserve currency? 🤔 Or will quantum technologies still pose a threat to it? 🌌

#Bitcoin #CryptoTax #Kazakhstan #Cryptocurrency #Finance
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