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5 Bitcoin Blockchain And DeFi News

ByKarol Kowalski

Feb 23, 2021

Cripto247 gives you a summary of the world crypto ecosystem in 5 news.

The Central Bank of Japan (BoJ) is set to launch the pilot for its digital yen this spring, although the central bank is still a long way from making a decision on whether to go ahead with issuing the crypto asset.

The BoJ appears to be aware that China, which has already committed to launching its own central bank digital currency (CBDC), is “leading the way in this field,” while other central banks are also entering advanced stages. As such, the BoJ “wants to prepare a response to changes in the international environment.”

The Polish football club Legia Varsovia , which holds the record for the highest number of league championship wins in its country, will launch its own token on the Socios fan participation and rewards platform .

The LEG Fan Token, which is expected to reach the public in the coming months, will grant fans voting rights in various club decisions. Token holders will also be able to participate in exclusive games, contests, and VIP experiences. The supply of LEG Fan Tokens will be capped at 5 million.

The Nigerian Securities and Exchange Commission stated that the crypto market is too big to ignore, adding that it is committed to creating a clear regulatory framework for cryptocurrencies in the country.

Company payments based on blockchain, Ripple Labs , registered a subsidiary in Wyoming, USA. According to Wyoming Secretary of State records, Ripple Markets WY LLC’s status as a local business is listed as “active” after an initial filing in February 2020. As a Wyoming limited liability company, Ripple’s registered agent will have its headquarters in the city of Cheyenne.

The Russian parliament has advanced the bill proposes to recognize the criptomonedas as property . The proposed law will provide legal protection for cryptocurrencies, but the income from their activities will also be subject to tax .

The bill imposes levies on income from cryptocurrency activities and Russian citizens and organizations will be required to file a declaration if the value of cryptocurrency transactions during the year exceeds 600,000 rubles ($ 8,100). Meanwhile, the cryptocurrency will not be subject to depreciation and transactions related to its circulation will not pay VAT.

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