Tag Archives: CRYPTOCURRENCIES

Billionaire George Soros is Set to Start Trading Cryptocurrencies

George Soros thinks cryptocurrencies are a bubble. He’s about to start trading them anyway. The billionaire investors and business magnate won’t be trading them personally, of course, but Bloomberg reports that Adam Fisher — who runs Soros Fund Management’s macro investing operation — has secured internal approval to begin trading cryptoassets. Continue reading Billionaire George Soros is Set to Start Trading Cryptocurrencies

Wall Street Banker Quits to Advise ICO

Brian Wirtz must have been a fish out of water at Credit Suisse Group AG. The investment banker for the bank’s tech, media and telecom group was more interested in evangelizing cryptocurrencies than he was traditional deals, and most likely that made him the odd man out at a firm as traditional as Credit Suisse. Continue reading Wall Street Banker Quits to Advise ICO

Federal Reserve Governor says they are Monitoring Volatility of Cryptocurrencies

Federal Reserve Governor Lael Brainard said the central bank is monitoring the “extreme volatility” of cryptocurrency prices, particularly bitcoin, but does not believe virtual currencies pose a current threat to U.S. financial stability. Continue reading Federal Reserve Governor says they are Monitoring Volatility of Cryptocurrencies

Thai Finance Ministry Releases Tax Framework

Thailand’s awaited tax framework for cryptocurrencies has been announced this week by the Thai Finance Minister, local news outlet Nikkei Asian Review reported Friday, March 30. Apisak Tantivorawong reported during a March 27 cabinet meeting that crypto trades will be taxed with a 7 percent value added tax (VAT), and returns taxed with a 15 percent capital gains tax. The first draft of the digital asset regulations, released March 14, showed that the expected tax ceiling for the digital gains crypto tax in Thailand was 15 percent. Continue reading Thai Finance Ministry Releases Tax Framework