NEWS UPDATE

74 Beauty Clinics in Japan Now Accept Payments in BTC

This week the Japanese cryptocurrency exchange and payment processor, Bitflyer, made known its partnership with SBC Medical Group the parent company of the popular Shonan Beauty Clinic. The union between both firms means that 74 clinics nationwide will allow patients to settle their bills in cryptocurrency.

The SBC operated Shonan Beauty Clinic chain in Japan now accepts BTC for services by making use of Bitflyer’s bitcoin payment platform. Shonan clinics give an expansive variety of services like eyelid surgery, liposuction, dermatology, acupuncture, cosmetic dental, rhinoplasty, and breast augmentation. There are 74 Shonan facilities across Japan and some of their surgeons and doctors are very well known. All Shonan clinics will now accept bitcoin for services but there is a cap on how much you can spend.

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NEWS UPDATE

These Countries Won’t Tax Your Bitcoins Too Much

A growing number of governments can’t oppose the temptation to get their hands on some of the bitcoins their citizens are making. various states, however, think that leaving some breathing space for crypto users and entrepreneurs is a better idea in the long run. Crypto-friendly tax regimes can still be found around the world.

Germany, Europe’s economic locomotive, has been completely careful with crypto taxation. Last month the Federal Ministry of Finance issued a notice which treats bitcoin as a currency. The Bundesrepublik is not going to tax cryptos when exchanged with euros. Purchases with bitcoin are subject to VAT, just like any other. No tax will be imposed, however, on long-term investments in cryptocurrency. If a trader sells a bitcoin more than a year after its purchase, the profit is removed from taxation. The same applies to yearly profits of less than €600.

Tax authorities in Denmark have said that fintech companies should pay taxes just like any other business. Moreso, individual investors trading cryptos do not owe any tax on their profits.

Belarus has created a friendly atmosphere for crypto investors, both corporate and private. Activities like mining, issuing, and trading coins were legalized in March. A presidential decree brought in tax exemptions for crypto incomes and revenues for a time of five years.

Profits from cryptocurrency transactions are still tax free in South Korea. The Finance Ministry and the tax authorities in Seoul are working on a legislation that is likely to change the situation. The new tax bill should be adopted in the first half of this year, according to officials. No acute time frame has been set.

Buying bitcoin will save you taxes in Singapore. Digital coins are not considered commodities there and are not acknowledged as currencies. In the absence of special requirements, profits from crypto investments of private individuals are not taxed. Companies trading cryptocurrencies, however, are expected to pay taxes on their.

The situation in the US is also complex. Various states have taken steps to become crypto-friendly jurisdictions. Wyoming passed a bill exempting cryptocurrencies from property taxation. Two other states want to legalize bitcoin as a payment alternative for tax purposes. Arizona has promised to become the first US state to start accepting taxes in cryptocurrency. Georgia may also allow its residents to pay taxes in bitcoin.

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NEWS UPDATE

German Stock Exchange Subsidiary To Release Crypto Trading App

Sowa Labs, a subsidiary of Germany’s second largest stock exchange Börse Stuttgart, will release a cryptocurrency trading app later this year, according to the app’s website.

The app, called Bison, will be ready in September and will at first support trading of Bitcoin (BTC), Ethereum (ETC), Litecoin (LTC), and XRP. The website states that more assets will be included in the future. Bison also claims that they will charge no trading fees. The app will be ready in German, and later in English.

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NEWS UPDATE

One Of The Largest Crypto Farms in Russia To Be Established In The Heart Of Siberia

One of the largest cryptocurrency mining farms in Russia will be made firm in Krasnoyarsk Krai in Siberia, according to Daniel Zakomolkin, director general of the mining company BitBaza, news outlet TASS reported April 12.

Zakomolkin said that the region was chosen “from the outlook of energy and cost reduction”. Infrastructure investments are estimated at about three bln roubles (about $48 mln). Zakomolkin said.

Zakomolkin noted that construction of the crypto farm’s blocks of processors inside the industrial park has been in motion for over than a month. At first the mining farm will draw 10MW of power, after which consumption will be  raised to 120MW, according to Zakomolkin.

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NEWS UPDATE

Crypto Conference for Women to Be Held in Moscow

A conference dedicated to increase awareness among women about cryptocurrencies is due to take place in the Russian capital this month. The speakers at the event, also women, will share practical information on cryptos, blockchain technologies, and investment opportunities. The event will be live-streamed in 74 countries.

The “Crypto Conference for Women” will take place on April 28-29, at the Zolotoe Koltso hotel in Moscow, where experts and entrepreneurs will tell participants what cryptocurrency is and how it works. 24 female speakers will share advice on how to start beginning with investment and recommendations on storage options. The latest developments in the crypto world will be presented to the audience, along with other useful information.

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NEWS UPDATE

Major Korean Exchange Launches in Indonesia with Six Cryptocurrencies

One of South Korea’s top three cryptocurrency exchanges, Coinone, is launching an exchange in Indonesia. at first, six cryptocurrencies will be supported but the exchange plans to add more coins. Coinone is also launching an airdrop event for 10,000 pre-registrants.

Coinone made widely known on Monday that it is launching Coinone Indonesia in Jakarta, “making [it] first among the top cryptocurrency exchanges in Korea to enter the global market,” the company wrote.

The South Korean exchange is the third-largest crypto exchange in the country after the Kakao-backed Upbit and Bithumb. Its 24-hour trading volume is $63,140,495 at the time of this writing, according to Coinmarketcap. The company also perform a “blockchain 4D zone” called Coinone Blocks, with walk-in customer conference counters.

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NEWS UPDATE

Bitcoin Gaining Ground in Zimbabwe with a New Crypto Exchange and an In-Office BTC/USD ATM

Just a few weeks ago, the Zimbabwean cryptocurrency exchange Golix gained its first national competitor when Styx24 opened its doors online. Almost at the same time Golix introduced a Bitcoin ATM to its customers, ready for use inside their offices in central Harare.

Few countries have seen harder times economically, fiscally, and monetarily than Zimbabwe. No wonder Bitcoin supports cause have an easy time explaining Bitcoin’s benefit s to Zimbabweans. After the government famously printed Z$100 trillion dollar bills, the general population have no problem understanding the wonders of a fixed cap coin supply.

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NEWS UPDATE

Bitcoin Payments Are on the Rise in the Baltics

Cryptocurrencies are gaining popularity in the Baltic states where no comprehensive regulations have been made known yet. Businesses from diversify sectors, including real estate, online trade, the hospitality industry, and even healthcare, are taking advantage of crypto payments. Some companies from the area are already offering their services globally.

Cryptocurrencies are becoming more broadly accepted in Lithuania, Latvia and Estonia, where buying a cup of coffee with bitcoin is nothing unique these days. Cafes, bars, restaurants, hotels, souvenir shops, and even an orthopedic clinic, are now accepting cryptos, according to local media. It seems that the Baltic Tigers of the EU are becoming the “Bitcoin Tigers” of Europe.

Crypto payments have been made known in the real estate business by different companies selling land plots and housing units in the Baltics, Novaya Gazeta reports. Potential buyers will soon be able to buy land and homes in the Auriai cottage settlement, which is presently under construction not far from Vilnius, the capital of Lithuania.

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NEWS UPDATE

South Korean Crypto Exchange Bithumb To Issue Own Token In Singapore

Bithumb, South Korea’s leading cryptocurrency exchange, has currently disclose plans to issue its own token, Bithumb Coin, in an Initial Coin Offering (ICO), local news outlet TokenPost reports Thursday, April 19.

According to the report, the Bithumb token sale will be conducted in Singapore since ICOs are banned in South Korea. Bithumb is reportedly focusing on large-scale investors rather than individual investors. Bithumb did not confirm when the coin is expected to be launched, or the size of the venture, according to TokenPost.

Bithumb is not the first crypto exchange to launch its own token. In January, Chinese crypto exchange Huobi made widely known its plans to issue Huobi Token (HT) that would be capped at 500 mln tokens. Huobi noted that the token would not be an ICO, claiming that only active users of the trading platform would be able to receive HT.

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