Forex, Crypto and Offshore Industry News

Seychelles has become a prominent destination for entrepreneurs and businesses looking to establish offshore companies. Its favorable business environment, tax advantages, and streamlined registration process make it an attractive option for international business activities. This article will provide an in-depth guide on Seychelles company formation, registration, and the benefits of setting up an offshore company in this tropical paradise.... Read more >>
Cryptocurrencies have become an integral part of the financial landscape, and with their growing adoption, the need for regulatory compliance has also increased. Obtaining a crypto license is essential for businesses that wish to operate legally within this space. Whether you are planning to launch a crypto exchange, offer crypto custody services, or run a crypto casino, understanding the licensing process is crucial. This article will guide you through the steps to obtain various types of crypto licenses in 2024, provide insights into the costs involved, and answer some FAQ.... Read more >>
The Seychelles Financial Services Authority (FSA) has released updated guidelines for beneficial ownership. These guidelines provide detailed instructions for identifying and reporting beneficial ownership, reinforcing Seychelles' commitment to combating money laundering and terrorist financing. The new guidelines aim to enhance regulatory compliance, promote transparency, and align with global standards. This initiative is expected to bolster the integrity of Seychelles' financial sector, attract international investment, and ensure a secure and transparent business environment.... Read more >>
Japan Implement Stricter Crypto Rules in Order of Sanctions Evasion Prevention. Legislation updates are initiated by the Russia-Ukraine war conflict. In case crypto exchanges suspect unauthorized transactions, they are obliged to notify the FSA. The government of Japan is to tighten rules on cryptocurrency exchanges, as the country announced intentions to update its Foreign Exchange and Foreign Trade Act.... Read more >>
The tax rate is on par with gambling and lottery. Indian traders with a cent in crypto profits will now have to pay tax and file returns. The government of India has officially imposed taxation regime on cryptocurrency gains – despite the expectations that the Indian government will table a bill regulating digital assets, the Minister of Finances has surprisingly introduced the new crypto taxation law coming into effect as early as this April – upon the new financial year.... Read more >>
The Vanuatu Financial Services Commission has beefed up the requirements for FDL holders. “Vanuatu wants to bring about a sea change in the way it does business," St-Hilaire, chairman of VFMA, says. Times, when offshore companies were operating remotely under Vanuatu’s Financial Dealer License (FDL), are a-changing. By the end of 2022, all Vanuatu security broker will be obliged to move onshore and make tangible investment into the country.... Read more >>
The bill with such proposal is to be tabled for voting in the nearest time. While Indian government is still working on development of cryptocurrency legislation, which is expected to be set on vote in the ongoing session of the Indian parliament, this legislation included a proposal of complete ban on cryptocurrency use as a payment method and violation of such law may lead to criminal charges.... Read more >>
The SPD, the Alliance 90/The Greens, and the FPD suggested a draft of crypto and blockchain regulatory framework. The most influential political parties in Germany made a proposal of issuing a regulatory framework for cryptocurrencies and the blockchain industry. The Social Democratic Party (SPD) published a statement on... Read more >>
The exchanges will probably comply to the Indian Goods & Services Tax (GST) regime. Country’s government is about to implement regulatory clarity on the Indian booming crypto-industry. According to local media “Business Standard” report released last Wednesday the plan is to label crypto-exchanges as e-commerce platforms.... Read more >>

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