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\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n

CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n

Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n

CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n

Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n

Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n

CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n

CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n

Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n

Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n

CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n

Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n

CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n

Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n

Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n

CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n

3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n

Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n

CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n

Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n

Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n

CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n

Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n

3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n

Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n

CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n

Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n

Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n

CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

\u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

\u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 7 8 9 10 11 … 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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  • Japan, South Korea's neighbor, announced<\/a> that it would assist in developing this industry, believing that the development would give Japan and Asia a new economic pillar.<\/li>\n<\/ul>\n\n\n\n

    See Related: <\/strong><\/em>South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n","post_title":"Vietnam-Korea Relationship To Be Strengthened By Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vietnam-korea-relationship-to-be-strengthened-by-metaverse","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/south-korean-government-to-invest-187m-into-the-metaverse\/","post_modified":"2023-04-10 18:00:05","post_modified_gmt":"2023-04-10 08:00:05","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8894","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8856,"post_author":"13","post_date":"2022-12-17 18:28:41","post_date_gmt":"2022-12-17 07:28:41","post_content":"\n

    Hong Kong will list Bitcoin and Ether exchange-traded funds (ETFs) on the Hong Kong Stock Exchange on December 16, 2022, issued by CSOP Asset Management Limited. According to a press release<\/a>, CSOP Bitcoin Futures ETF (3066. HK) and CSOP Ether Futures ETF (3068. HK) would invest in Chicago Mercantile Exchange (CME Group) listed BTC and ETH to track the performance of both cryptocurrencies.<\/p>\n\n\n\n

    3066.HK and 3068.HK reported $53.89 million and $19.74, respectively, as initial investments ahead of Friday\u2019s listing - with the listing price set at HKD 7.75 per unit, trading lot of 100, and management charges at 1.99%. The statement noted that the new offering is available at a minimum investment of USD 100.<\/p>\n\n\n\n

    Hong Kong\u2019s Securities and Futures Commission opened its market for ETFs tracking crypto futures on October 31, 2022, becoming the first Asian country. The latest step, according to the statement, will reportedly allow investors to track the price of both cryptocurrencies seamlessly.<\/p>\n\n\n\n

    CME Group Boss Lauds The Step Terming It Demand-Driven<\/h2>\n\n\n\n

    Praising the step, the Global Head of Equity and FX Products at CME Group, Tim McCourt, said that the approvals of the two ETFs are important to the Asian investors. He added that the listings are driven by a growing demand for cryptocurrencies in the region, adding that it would create new opportunities for institutional and individual investors.<\/p>\n\n\n\n

    Per the announcement, the CSOP Ether ETF and CSOP Bitcoin ETF would be traded as a sub-fund of the CSOP ETF Series \u2013 managed under the country\u2019s financial laws. Both funds will reportedly be denominated in the US dollar.<\/p>\n\n\n\n

    CSOP Asset Management Limited was established in 2008 by a Chinese company. However, the asset manager notes that the new ETF products would not be available for investment by any Chinese legal persons following the sector's crackdown by the largest Asian economy.<\/p>\n\n\n\n

    \u2018\u2018The CSOP Bitcoin Futures ETF and CSOP Ether Futures ETF are not being offered or sold directly or indirectly in Mainland China to or for the benefit of legal or natural persons of Mainland China.\u2019\u2019<\/em> The statement noted. \u2018\u2018No legal or natural persons of Mainland China may directly or indirectly purchase units of the CSOP Bitcoin Futures ETF or CSOP Ether Futures ETF without obtaining all prior government approvals of Mainland China,\u2019\u2019<\/em> It added.<\/p>\n","post_title":"Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-welcomes-first-bitcoin-ethereum-etfs-by-csop-asset-management","to_ping":"","pinged":"","post_modified":"2023-04-10 18:02:37","post_modified_gmt":"2023-04-10 08:02:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8856","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8717,"post_author":"13","post_date":"2022-12-10 00:36:59","post_date_gmt":"2022-12-09 13:36:59","post_content":"\n

    The Australian eAUD program \u2013 researching the use cases of a CBDC<\/a> in Australia \u2013 has attracted a growing interest<\/a> in the financial space. In a speech by the country\u2019s central bank assistant governor Brad Jones, over 140 use case proposals from 80 entities were submitted.<\/p>\n\n\n\n

    Some of them include e-commerce payments, government remittances, and the trading and settlements of tokenized assets<\/a>. The Australian government is conducting the pilot eAUD program in collaboration with the Digital Finance Cooperative Research Centre (DFCRC.)<\/p>\n\n\n\n

    In the speech, the assistant governor outlined some of the problems the CBDC sought to solve and their relevance in Australia. On the list is the ability of a digital currency to strengthen financial inclusion, which Jones opined could be insignificant in Australia since most Australians accessed financial services.<\/p>\n\n\n\n

    Another motivation for CBDCs that the report highlighted is the support for universal access to public money. According to Jones, physical cash was readily available in Australia, with recent surveys showing that about 95% of Australians live within 4 kilometers of cash withdrawal points. In addition, about 15% make most of their payments in cash.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n\n\n\n

    Australia Expects A CBDC To Create Efficiency In The Financial Systems<\/h2>\n\n\n\n

    CBDCs were also lauded in the report as a way in which it could increase competition in the payment systems, bringing down the cost of transactions. Besides, the asset class is expected to boost cross-border payments, which according to the report, remains inefficient.<\/p>\n\n\n\n

    \u2018\u2018In Australia, as in many advanced economies, cross-border retail money transfers conducted via banks can routinely cost 5% or more and take up to two business days to settle. This is unsatisfactory and explains why cross-border payments are an area of intense focus for policymakers,\u2019\u2019<\/em> the Assistant Governor\u2019s speech read.<\/p>\n\n\n\n

    However, the report noted some concerns about the eAUD, including the potential to disrupt bank intermediaries and monetary policy transmission. In addition, the speech also pointed out a potential of a bank run during volatile conditions in the financial market.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> US Banks Partner With NY Fed For CBDC Blockchain Pilot<\/a><\/p>\n","post_title":"Australian CBDC Pilot Program eAUD Receives 140 Use Cases Amidst Growing Interest","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"australian-cbdc-pilot-program-eaud-receives-140-use-cases-amidst-growing-interest","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 18:11:21","post_modified_gmt":"2023-04-10 08:11:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8676,"post_author":"13","post_date":"2022-12-08 22:44:35","post_date_gmt":"2022-12-08 11:44:35","post_content":"\n

    Music record label Warner Music Group has teamed<\/a> up with LGND Music - an upcoming marketplace on Polygon - to allow signed artists to sell music NFTs. Also included in the deal is the dance record label Spinnin\u2019 Records, a popular platform in electronic dance.<\/p>\n\n\n\n

    ''We are beyond thrilled to finally announce this monumental and ground-breaking partnership with Warner Music Group and Polygon,''<\/em> remarked Michael Rockwell, the CEO of LGND Music, in a statement dated December 6. ''We have been working for over a year to deliver the best-in-class blockchain experience for passionate music lovers all over the world,''<\/em> he added. <\/p>\n\n\n\n

    LGND is planning to go live in January 2023 as a digital marketplace that sells songs as NFTs - where users can buy and listen to them on the platform. The Web3 startup will also feature desktop and mobile NFT apps and offer support for music NFTs from other companies.<\/p>\n\n\n\n

    See Related:<\/em><\/strong> Polygon Price Prediction: MATIC\/USD Tests Critical Resistance At $1, What\u2019s Next? <\/a><\/p>\n\n\n\n

    Polygon Welcomes The Deal As An Evolution In The Music Industry<\/h2>\n\n\n\n

    Polygon Studios CEO Ryan Wyatt thinks the new partnership is the right step in the music industry. In a statement, Wyatt said, ''the way that we own and experience music is evolving by fully embracing decentralized technologies and collectibles.'' <\/em><\/p>\n\n\n\n

    According to its website<\/a>, LGND is a platform that lets users collect, own, and trade music. The company features Music digital collectibles or Virtual Vinyl - a high-resolution audio that aims to allow for actual music ownership. The e-commerce platform also aims to let fans own music tokens and work with digital collectibles.<\/p>\n\n\n\n

    On the other hand, WMG has entered into several partnerships relating to Web 3.0 in 2022, including one with the Sandbox that seeks to launch metaverse concerts and events in the blockchain. The music record label also signed a partnership with the Ethereum NFT marketplace OpenSea to allow artists sell their content on the platform.<\/p>\n\n\n\n

    See Related: <\/em><\/strong>Sensorium Teams Up With Polygon Studios To Accelerate The Development And Adoption Of Web3 Projects<\/a><\/p>\n","post_title":"Warner Music Group To Launch Music NFTs In Partnership With Polygon, LGND","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"warner-music-group-to-launch-music-nfts-in-partnership-with-polygon-lgnd","to_ping":"","pinged":"","post_modified":"2022-12-08 22:47:36","post_modified_gmt":"2022-12-08 11:47:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8676","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n

    Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n

    The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n

    Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n

    Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n

    The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n

    At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n

    The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n

    The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n

    ''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n

    According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n

    DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n

    Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n

    Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n

    Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 … 7 8 9 10 11 … 13

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    ADVERTISEMENT
    \n