Bitcoin Daily: South Africa Mulls Crypto Tax, Opera Unveils Crypto Wallet For Desktop

Bitcoin Daily

Romir Research Holding found that 44 percent of Russians know about virtual money and only 31 percent have an idea of what digital currency is, Cryptovest reported. The group reached out to people of different ages and incomes, as well as residents of various federal districts. Furthermore, 56 percent of the survey’s respondents did not know anything about crypto.

The U.K. Financial Conduct Authority (FCA) is claiming that Fair Oaks Crypto is a “clone firm,” representing itself with the information of an authorized FCA firm called Fair Oaks Capital, said Cryptovest. The agency claims that the “clone firm” is using the name, reference number and address of the authorized firm. In a warning, the FCA said, “Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.”

The South Africa Revenue Service (SARS) is proposing to tax crypto trading and operations, Cryptovest reported. According to reports, the idea has been well-received by the crypto community in the country as it signals that the government supports the industry.

Following the attack on Coincheck, the Financial Services Agency (FSA) is seeking to impose stricter rules for digital currency to cut down on speculation, Cryptovest noted. In particular, bitcoin’s atmospheric rise and value have made crypto trading popular in the country: There were 3.5 million crypto traders in the country last year.

Web browser Opera is seeking to add a crypto wallet to its desktop software, The Next Web said. The desktop wallet works with the crypto wallet in Opera’s Android version, which came to market in June. With the technology, the idea is that consumers will start a transaction online and confirm it on their phones.

A federal judge denied a motion to dismiss a class action lawsuit, alleging that a Tezos Foundation initial coin offering (ICO) was against U.S. security rules, CoinDesk reported. The motion was brought forward by the foundation, as well as Arthur and Kathleen Brietman, who founded the cryptocurrency, and their company, Dynamic Ledger Solutions (DLS).

Ukraine’s Central Election Commission has reportedly rolled out a pilot voting system based on the protocol of its partner in the matter, the NEM Foundation, Cryptovest cited. The system comes with a particularly important feature for voting: It will be impossible to change the voting records with the system.



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.