THE BOSTON BLOCKCHAIN BEAT EP.5 | A NEW CRYPTO EXCHANGE AND JAPAN REVISES THEIR CRYPTO TAX LAWS?!

[Music] thank you hello everyone my name is Lauren Wixom and welcome to another episode of the Boston blockchain beat where we share news of all things blockchain to the Boston community and Beyond this episode was brought to you by cubic Labs an incubator from Metro Boston's blockchain startup companies well looks like there's a new crypto Exchange in town and it's owned by some of the biggest names in the industry edx markets owned by names such as Charles Schwab and Citadel Securities has gone live with its digital asset market and completed an investment round with new Equity Partners edx has open trading as a crypto Marketplace of choice for industry leaders and builds on best practices from traditional Finance to provide customers with distinctive benefits including liquidity competitive quotes and a non-custodial model designed to mitigate conflicts of interest edx also introduced a retail-only quote to the crypto markets allowing participants the benefit of better pricing for retail originated orders products traded on edx include Bitcoin ethereum Litecoin and Bitcoin cash UK parliamentarians have voted through a new bill that could recognize crypto as a regulated activity in the country the approval of the financial services and markets bill on Monday by parliament's upper chamber the House of Lords means the bill is going to enter the final stages before it is put into law the wide-ranging bill was introduced in July to take advantage of brexit freedoms and give Regulators more power over the UK Financial system while the original Bill included a proposal to regulate stable coins under the country's payment rules amendments to treat all crypto as a regulated activity and measures to supervise crypto promotions were added later as the bill progressed through Parliament looks like Japan's national tax agency has published a partial revision of its corporate tax guidelines including a new set of rules for digital token issuers scrapping the previous taxes on unrealized gains from crypto assets issued by companies industry analyst Colin Wu made a statement saying this revision makes it easier for cryptocurrency related companies to do business in Japan the latest tax exemption follows the approval of a proposal to eliminate the requirement for crypto firms to pay taxes on unrealized paper gains on tokens they issued and held Japanese fintech firms issuing tokens will be exempt from paying a fixed 30 corporate tax rate on their Holdings well that's all the news I have for today again my name is Lauren Wixom and I can't wait to see you guys in the next episode of the Boston blockchain beat [Music]