Latest Sweden News

  • Investment Firm Arcane Crypto to Go Public via $33 Million Reverse Merger
    Investment Firm Arcane Crypto to Go Public via $33 Million Reverse Merger
    Arcane Crypto, a Norway-based investment company, said Thursday that it is planning to go public through a reverse takeover by Vertical Ventures, a publicly traded Swedish firm.
  • Sweden's Central Bank Releases 98-Page 'Economic Review' Devoted to CBDC
    Sweden's Central Bank Releases 98-Page 'Economic Review' Devoted to CBDC
    Sweden's central bank just released a massive report on central bank digital currencies.
  • World’s Oldest Central Bank Reviews Possible Digital Currency With Mixed Results
    World’s Oldest Central Bank Reviews Possible Digital Currency With Mixed Results
    Sweden's Riksbank has looked into the viability of central bank digital currencies for its local market.
  • Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency
    Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency
    The premier cryptocurrency gaming portal, Bitcoin Games has announced the launch of a Midsummer promotion that promises Free Spins and loads of entertainment.
  • Kazakhstan Seeks to Attract $740 Million Crypto Investment in Three Years
    Kazakhstan Seeks to Attract $740 Million Crypto Investment in Three Years
    Kazakhstan is aiming to attract nearly $740 million dollars in investment through various crypto industry-related activities over the next three years. The government of Kazakhstan has set a goal to attract $738 million from investments in cryptocurrency related mining activities over the next three years. According to the Astana Times on June 16, Kazakhstan’s Minister of Digital Development, Innovation and Aerospace Industry, Askar Zhumagaliyev, revealed the plan in an address to the upper house of the Kazakh Parliament. Following in the footsteps of the United States and South Korea During the parliamentary session discussing a possible ban on the issuance and circulation of cryptocurrencies, Zhumagaliyev highlighted the progress of countries like the United States, Sweden, and South Korea in the field of cryptocurrency and digital mining.  He added that this sector was also growing in Kazakhstan as the country currently has 14 cryptocurrency mining farms that have brought approximately $201.7 million of investment. “According to the report that we have prepared with international experts, we expect another 300 billion tenges (US$738.4 million) in the next three years,” claimed Zhumagaliye. Tax-free crypto mining The bill under discussion during the parliamentary session did not prohibit cryptocurrency mining activities in the country.  In December 2019, Cointelegraph reported that Kazakhstan lawmakers will not be taxing income generated from cryptocurrency mining as tax liabilities were only applicable to the income made in “real money.” This was because Kazakhstan did not consider crypto mining as an entrepreneurial activity but as purely technological progress.  It was also noted that mining farms that used mining hardware to offer crypto mining services were still susceptible for taxation in the same manner as data centers.
  • Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance
    Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance
    Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC).
  • Introducing Wallex Custody, The Custodian Of The New Digital Era
    Introducing Wallex Custody, The Custodian Of The New Digital Era
    Sweden, June 15 – In a decisive move to adapt to the new normal concept of everyday living caused by the COVID-19 Pandemic, Wallex is taking its custodian role to unprecedented new heights to accompany its clients in safeguarding their traditional and digital assets from uncertainties and at the same time providing new opportunities to […] The post Introducing Wallex Custody, The Custodian Of The New Digital Era appeared first on Bitcoin News.