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Portugal eyes off a new taxation policy that will effect crypto

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Portugal is eyeing off a new tax policy that will come into effect as part of next year’s budget

It’s understood a 28 per cent capital gains tax will apply to all crypto gains across a year.

If investors make any gains after a year of holding the assets, they will then be exempt from taxes.

Of course, Portugal is just one country in the midst of crypto reform.

The nation wants to place a 4 per cent tax on crypto transfers and use stamp duty in some cases.

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Celebrities busted over illegal crypto scheme

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Agreements have been settled without admitting guilt

 
Eight celebrities have been busted over allegations they’ve been participating in an illegal crypto scheme.

The stars, including Lindsay Lohan, Logan Paul and Soulja Boy, were all charged following an investigation by the U.S. Securities and Exchange Commission.

Lohan and Paul have reportedly settled the matter without admitting guilt.

But, regardless, it’s just another bad look for the already embattled crypto industry.

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Crypto

Crypto fugitive Do Kwon arrested in Montenegro

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He was carrying falsified documents at an airport

One of the world’s most wanted crypto fugitives has been arrested in Montenegro.

It’s a long way from home for South Korean entrepreneur Do Kwon, who’s accused of orchestrating a multi-billion-dollar fraud scheme.

Kwon was connected to the TerraUSD stablecoin, which saw $40 billion erased from its holders.

He was reportedly arrested at an airport after carrying falsified documents.

It follows a red notice being issued by South Korea last September.

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SEC sues Jake Paul over paid crypto promotions

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The issue is linked to Tron founder Justin Sun

The U.S. Securities and Exchange Commission (SEC) is suing YouTube personality Jake Paul over a promotion of cryptocurrencies linked to Tron founder Justin Sun.

The SEC is accusing Paul of a paid promotion of assets without disclosing those payments to the public.

Other celebrities such as Lindsay Lohan, Ne-Yo and Akon and are also being investigated for their involvement.

Meanwhile, the SEC is going after Sun for potential fraud and market manipulation.

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