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Roundup – 23/01/2019 – Romania Imposes 10% Tax on Gains Through Cryptocurrencies & more

Romania Imposes 10% Tax on Gains Through Cryptocurrencies

Romania has become the latest country that will tax its citizens on their cryptocurrency gains. The tax amendment foresees a 10% taxation on cryptocurrency gains through investments. This does not include revenues that are paid in Bitcoin. The tax does not apply for gains below 600 Ron (the quivalent of $50) Romania is the latest country that follows the global trend to tax and legitimize cryptocurrencies this way.

Cryptocurrency Custody Platforms Are Increasing To Meet The Growing Demand

New launches for Cryptocurrency custody services are growing exponentially as many developers are taking advantage of the growing demand. The main customers for these platforms are market intermediaries, family offices, and hedge funds that mainly target institutional investors and high net worth retail investors. To these Crypto service providers, security is paramount and central to their businesses sustainability and Crypto custody services offer exactly that.

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Mongolia Remains Attractive To Cryptominers Despite The Bitcoin Crash

The Crypto sector experienced rapid growth in 2017, which was characterized by not only many projects, but also an increase in Cryptocurrency prices. Most players in the industry, miners included realized huge profits. Consequently, more individuals and companies joined the mining sector.

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