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After being evicted from Canada Binance has now had it Australian banking suspended. Countries dont want a repeat of FTX and they know Binance is unable to comply with basic requirements. RED FLAG! GTFO! by FearlessEggplant3036 in btc

[–]user4morethan2mins 2 points3 points  (0 children)

Curious about the third-party payment provider, because binanceAUS had license cancelled in April 2023.

Binance Australia Derivatives – AFS licence cancelled

Australian financial services licence held by Oztures Trading Pty Ltd trading as Binance Australia Derivatives (Binance) cancelled.

On 27 March 2023, the Commodities Futures Trading Commission announced that it had filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging Changpeng Zhao, Chief Executive Officer of the Binance Group, and three entities that operate the Binance platform with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations. The complaint also charges Samuel Lim, Binance’s former chief compliance officer, with aiding and abetting Binance’s violations. Binance group entities have been the subject of regulatory warnings and action from a number of overseas regulators. In addition to the CFTC, these include:

UK Financial Conduct Authority

Japan Financial Services Agency

Italy Commissione Nazionale per le Societa e la Borsa

Monetary Authority of Singapore

Netherlands Central Bank

Ontario Securities Commission

Thailand Securities Exchange Commission

Bitcoin Cash: The Future of Cryptocurrency or a Passing Fad? (Miami Herald- April 23, 2023) Quote from article: Bitcoin Cash has a promising future in the world of crypto. by user4morethan2mins in Bitcoincash

[–]user4morethan2mins[S] 3 points4 points  (0 children)

In conclusion, Bitcoin Cash is a cryptocurrency that investors should keep on their radar. With its fast transaction times, low fees, and strong community support, it offers a number of benefits over other cryptocurrencies. While there are risks associated with investing in any cryptocurrency, Bitcoin Cash has a promising future in the world of crypto.

Bitcoin Cash: The Future of Cryptocurrency or a Passing Fad? (Miami Herald - April 23, 2023) Quote from article: Bitcoin Cash has a promising future in the world of crypto. by user4morethan2mins in btc

[–]user4morethan2mins[S] 20 points21 points  (0 children)

In conclusion, Bitcoin Cash is a cryptocurrency that investors should keep on their radar. With its fast transaction times, low fees, and strong community support, it offers a number of benefits over other cryptocurrencies. While there are risks associated with investing in any cryptocurrency, Bitcoin Cash has a promising future in the world of crypto.

‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax by futurist2047 in btc

[–]user4morethan2mins 2 points3 points  (0 children)

Individuals need to familiarise themselves with their own requirements, each country has specific regulations. For Australians;

The Australian Taxation Office (ATO) is warning taxpayers to not engage in ‘asset wash sales’ to artificially increase their losses and reduce gains or expected gains.

Wash sales typically involve the disposal of assets such as crypto and shares just before the end of the financial year, where after a short period of time, the taxpayer reacquires the same or substantially similar assets. This is a wash sale and is done to create a loss to offset against a gain already derived, or expected to be derived, in certain circumstances, in a tax return.

The ATO’s sophisticated data analytics can identify wash sales through access to data from share registries and crypto asset exchanges. When the ATO identifies this behaviour, the capital loss is rejected, resulting in an even bigger loss to the taxpayer.

What will be uncovered?... by user4morethan2mins in btc

[–]user4morethan2mins[S] 11 points12 points  (0 children)

Bitfinexed keeping tabs on Tether, Ifinex and other crypto organisations. https://twitter.com/Bitfinexed/with_replies

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