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NEWS: The European Union passed legislation in April 2023, known as the MiCA Act, requiring cryptocurrency exchanges to report their users' transactions. This regulation is based on the DAC8 Directive, which also obliges financial service providers to report their clients' transactions. The MiCA regulations establish that cryptocurrency exchanges must inform the tax authorities of the following transactions: 🔸Transactions of more than 1,000 euros. 🔸Transactions between exchanges. 🔸Transactions between exchanges and financial service providers. 🔸Transactions between exchanges and other cryptocurrency service providers. The regulations also establish that exchanges must identify their users and maintain records of their transactions. The MiCA regulations aim to combat tax evasion and money laundering. Regulators argue that this regulation will help ensure that cryptocurrencies are used legitimately. However, the regulation has received criticism from some cryptocurrency users, who argue that it violates their privacy. They have also expressed concern that the regulations could make it difficult to use cryptocurrencies for legitimate purposes. The MiCA regulations will come into force in 2024. What do you think of this regulation from the European Union and the Mica law, I'll wait for you in the comments😉 #BinanceSquare #Binance $BTC
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Binance Square
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American superstar mistakenly believes in FTX virtual currency platform...] American football superstar Brady and his then- wife, supermodel Gisele Bundchen, received a total of $48 million in endorsement fees from FTX (Brady $30 million and Bundchen $18 million). Perhaps out of confidence in cryptocurrency and the future growth prospects of the FTX platform, the two agreed that FTX would pay endorsement fees entirely in stock. They believe that this US$48 million shareholding will be worth over 100 million or even more in the future. In order to cash in the shares, the two also $PAID$ a lot of taxes. #crypto #cryptocurrency #Shibainu #bitcoin
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OFFICIAL ANNOUNCEMENT FROM BINANCE "Hi Binancians, We've got a secret, and we can't contain our excitement any longer. In partnership with Binance, we are gearing up for Cristiano Ronaldo's next legendary move in the NFT universe. If you thought his previous drops were remarkable, you're in for something even bigger. We wish we could spill all the details right now, but we can't. What we can promise is that it's BIG - bigger than any NFT collection Cristiano Ronaldo has ever launched, and it's about to make waves like never before! Save the date: On October 11, 2023 at 14:00 UTC, we're taking things to another level. It's your chance to build your CR7 collection. Time and supplies are limited, so act fast on launch day. All you'll need is a Binance accoun that has passed account verification. For more details, click the button below to visit the teaser." #CR7 #Binance #crypto2023
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