Blockchain
Malaysia cracks down on crypto tax evaders with Ops Token
Malaysia, cryptocurrency is legally recognized and regulated by the Securities Commission, a statutory body tasked with overseeing the capital markets within the country. This means that tokens are classified as securities and are therefore subject to the relevant securities laws.
Despite this recognition, Malaysia’s central bank does not consider cryptocurrencies or tokens to be payment instruments or legal tender. This distinction impacts how cryptocurrencies can be used and accepted within the financial system. Furthermore, businesses operating in the cryptocurrency space are required to comply with Malaysia’s income tax regulations, ensuring that their operations are transparent and aligned with national tax policies.
These regulatory frameworks indicate that while Malaysia is open to the incorporation of cryptocurrency within its financial ecosystem, it maintains a structured approach to ensure oversight and compliance.
Source: cointelegraph.com
The post Malaysia cracks down on crypto tax evaders with Ops Token appeared first on HIPTHER Alerts.
Blockchain
CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities
Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.
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