Crypto Exchanges in Hot Water: Binance under fire in Australia and Kraken's IRS Disclosure
Hey GM GM,
Here’s what we’ve got for you today:
Unlocking the Potential: Why Crypto Jobs Are the Hottest Trend in the Tech World! 💼💰
📢 The Crypto Chronicles: Kraken's Gulp-Worthy Situation and the Cryptic
Future🚀 Binance Under Fire: Regulatory Battles Down Under and Beyond! 🛡️
Meme of the day
Why Crypto Jobs Are the Hottest Trend in the Tech World!
Crypto industry is slowly becoming the industry of choice to work in for many people, especially from people in the tech background.
In fact crypto jobs, applicants & salaries in crypto have been on a rising trend for the past couple of years, yes even through a bear market.
Web3 jobs provide a great environment to work in that is nurturing, lucrative, exciting and rewarding in many different ways.
Jobs are a great way to earn consistent income throughout the bull and bear market in crypto and considering most are remote it’s a great opportunity to build something substantial even if you are in a tier 3 city!
🚨 Kraken's Gulp-Worthy Situation and the Cryptic Future
Cryptocurrency exchange Kraken was ordered by a judge to provide a wide swath of information about its users to the Internal Revenue Service for the agency’s investigation of underreported tax liability.
We hope this email finds you hanging in there amidst the wild rollercoaster ride of the crypto world! We've got some news to share that might make you go "gulp" and then "hmm."
Remember when we mentioned that it's been a tough time for crypto exchanges? Well, hold onto your digital wallets because it's Kraken's turn in the spotlight (again). They've been hit with a court order that requires them to hand over information about some of their customers to the IRS. 🕵️♂️
Now, what does this mean? Brace yourself, because Kraken will need to spill the beans on any user who traded a minimum of $20K in crypto between 2016 and 2020. The IRS wants to know everything from their legal name and physical address to their taxpayer identification number. Although, we'll spare you the suspense - no, they won't be asking about their first pet's name or the street they grew up on. 😂
But here's the plot twist: Kraken might be the first exchange to face this ordeal, but we have a sneaking suspicion that they won't be the last. Funny how things work, right? It seems like sharing customer information might become a trend in the crypto world. Who knows, maybe they'll start asking for shoe sizes next? 🤔
Anyway, keep an eye on the ever-changing crypto landscape, because just like the market, things can get pretty unpredictable.
Anyway, keep an eye on the ever-changing crypto landscape, because just like the market, things can get pretty unpredictable. But remember, tough times often lead to new opportunities. So, let's embrace the twists and turns, stay informed, and navigate this exciting crypto journey together. Stay tuned for more exciting updates and witty insights from our newsletter team. Until then, may your investments soar high and your digital wallets overflow with success! 💰✨
Binance Australia office searched by securities watchdog
ASIC’s investigation concerns the misclassification of retail investors as wholesale
We've got some spicy news to share from the world of cryptocurrency. It seems that Binance, the heavyweight champion of crypto exchanges, is finding itself in the regulatory spotlight once again. 🕵️♂️
According to Bloomberg News, the Australian securities regulator, ASIC, recently paid a visit to Binance Australia's offices as part of an investigation into their closed derivatives business. You know what they say, when the watchdogs come knocking, things start to heat up!
Binance, being the savvy player it is, stated that they are "cooperating with local authorities" and focusing on "meeting local regulatory standards." However, they didn't confirm or deny the office search. Guess they want to keep us guessing! 😉
But wait, there's more! Binance has been wrestling with regulatory battles worldwide. The U.S. Commodities Futures Trading Commission (CFTC) even sued Binance and its founder, Changpeng Zhao, alleging that their exchange was operating "illegally." Seems like Binance is attracting attention from all corners of the globe!
As always, we'll be keeping a close eye on these developments and bringing you the juiciest updates. So, buckle up, fellow crypto warriors, because the battle between regulators and exchanges is far from over. Stay tuned for more twists and turns in the crypto realm!
Stay vigilant and stay crypto-awesome! 💎