Eurotrader

News Digital Asset Investment Products Recorded Inflows Worth $151 Million Last Week

On January 8, CoinShares published its weekly report on inflows and outflows for digital asset investment products for the last week. It was a good week as they recorded aggregate inflows valued at $151 million.

News The Central Bank of Nigeria Unbans Banks from Facilitating Digital Asset Transactions

Nigeria’s apex bank has unbanned Nigerian banks from facilitating crypto transactions after almost two years of enforcing a ban on their engagement with digital currencies. A few days ago, the Central Bank of Nigeria (CBN) sent a circular to banks, recognizing that the rise in global demand and adoption of crypto requires removal of the restrictions placed on financial institutions.

News Japanese Government to Scrap Corporate Tax on Unrealized Crypto Gains

In Japan, the government wants to go ahead with tax reform to scrap payments of taxes on unrealized gains from crypto holdings. This comes following a report that the cabinet approved a revision to the country’s tax regime for digital assets.

News CoinList to Pay $1.2 Million as Settlement for Apparently Violating Russia/Ukraine Sanctions

California-based crypto exchange CoinList (CLM), which allegedly processed 989 transactions on behalf of users ordinarily resident in Crimea, has agreed to pay $1,207,830 to settle its potential civil liability.

News FASB Amends Accounting Standards for Disclosure of Crypto Assets to Reflect Fair Value

The Financial Accounting Standards Board (FASB) has amended the accounting standards for and disclosure of crypto assets, as highlighted in the accounting standards update on December 13.

News Cyber Monday Shopping in US May Exceed $12 Billion

On Cyber Monday it is expected U.S. shoppers will spend up to $12.4 billion on heavily discounted clothing, electronics, toys, cosmetics, and other products. Investors say possible winners for the day include Apple, Walmart, and Amazon due to strong online traffic.