Singapore gives in-principle approval to Coinbase to offer crypto services in the country

The Monetary Authority of Singapore (MAS) has granted the Nasdaq-listed cryptocurrency exchange Coinbase “In-Principle Approval (IPA)” as a major payments institution license holder. Coinbase emphasized that “today’s announcement underscores our commitment to Singapore as a regional hub.” Singapore acts as

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European Parliament calls for Crypto Taxation in EU, Use of Blockchain to Fight Evasion

To combat tax evasion, members of the European Parliament have advocated for “effective taxation” of crypto holdings and “better use of blockchain.” A resolution that seeks to accomplish these goals and calls for smaller cryptocurrency dealers to benefit from a simpler tax structure was passed by a wide margin.

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