CryptoEnthusiast
Sat Jun 08 2024
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5 answers
1156
Do Saudis own Bitcoin?｜As of May 2022, 3 million Saudi Arabians, which form 14 percent of the adult population aged between 18 and 60, were either current owners of crypto assets or had traded them in the previous six months, a survey by KuCoin exchange revealed.
Do Saudis actually possess Bitcoin? The KuCoin exchange has released some intriguing data. It seems that, as of May 2022, approximately 3 million Saudis - accounting for a noteworthy 14 percent of the adult population aged between 18 and 60 - have either held crypto assets or engaged in trading them within the past six months. Is this a significant figure? Does it reflect a widespread acceptance or merely a niche interest? And what types of crypto assets are Saudis primarily investing in? Bitcoin, specifically, or perhaps other altcoins? This survey certainly raises more questions than it answers.
Maria
Sat Jun 08 2024
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7 answers
1215
What is the crypto declaration in Spain?｜The Modelo 720 is the standard declaration form individuals submit to Spanish tax authorities to disclose assets held abroad exceeding €50,000. This year, the Spanish government has extended this requirement to cover crypto assets specifically, introducing the .Modelo 721
Could you please explain what the crypto declaration in Spain actually is? I've heard about the Modelo 720 being a standard form for disclosing foreign assets exceeding 50,000 euros, but I'm curious about how it's related to cryptocurrencies. This year, I've heard rumors that the Spanish government has broadened this requirement to include crypto assets. Is that true? If so, what is the specific form or document known as, and how does it work? Could you elaborate on the process and its significance for crypto holders in Spain?
Stefano
Fri Jun 07 2024
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6 answers
1225
Is blockchain legal in Japan?｜In Japan, . The legal status of tokens under Japanese law is determined based on their functions and uses. For example, cryptocurrencies and utility tokens such as BTC, ETH, etc. are regulated as Crypto Assets under the Payment Services Act (the PSA).there is no omnibus regulation governing blockchain-based tokens
Is blockchain technology considered legal in Japan? And if so, how does Japanese law categorize and regulate tokens such as cryptocurrencies like BTC and ETH? Are they subject to any specific legal frameworks or guidelines, or is there a general legal framework that oversees blockchain-based tokens? Given that there's no omnibus regulation governing blockchain tokens, what kind of legal status do they enjoy in Japan?
Valentina
Fri Jun 07 2024
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7 answers
1512
What is the travel rule for crypto in Europe?｜The so-called “travel rule”, already used in traditional finance, will in future cover transfers of crypto assets. .Information on the source of the asset and its beneficiary will have to “travel” with the transaction and be stored on both sides of the transfer
Could you elaborate on the travel rule for cryptocurrency in Europe? How does this regulation, already established in traditional finance, apply to digital asset transfers? Additionally, could you clarify what information regarding the asset's source and beneficiary is required to "travel" with the transaction and how it is stored on both sides of the transfer? This seems to be a crucial aspect of ensuring transparency and accountability in the crypto market.
benjamin_cole_nurse
Fri Jun 07 2024
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5 answers
1257
What crypto assets are approved by Hong Kong?｜Hong Kong already allows futures-based crypto ETFs and three have listed so far: . They have combined assets of about $170 million, a fraction of equivalent US offerings.CSOP Bitcoin Futures, CSOP Ether Futures and Samsung Bitcoin Futures
What crypto assets have been officially approved and recognized by Hong Kong's regulatory framework? It's interesting to note that Hong Kong has already opened its doors to futures-based crypto ETFs. Could you elaborate on the specific crypto ETFs that have been listed in Hong Kong so far? It's mentioned that there are three of them, namely CSOP Bitcoin Futures, CSOP Ether Futures, and Samsung Bitcoin Futures. How significant are these ETFs in terms of their combined assets under management? How does this compare to similar offerings in the United States?
