Income

Kaiju Worlds is an NFT Blockchain Game developed on Binance Smart Chain. Kaiju Worlds focuses on rewarding gamers with Kaiju Tokens when they defeat enemies in battles as well as win exciting competitions.

The Ukrainian Ministry of Digital Transformation is making every effort to legalize cryptocurrencies in the country. For example, it is preparing the law on Digital Assets for the second reading on Verkhivna Rada. On the other hand, it is working on a framework that will allow taxing the income from trading cryptocurrencies.

According to the new study by Juniper Research, online businesses globally will lose more than $206 bln from online payment fraud by 2025. The figure is almost 10x equal to Amazon's net income recorded in the last year (2020).

Ever since Bitcoin experienced one of its largest pullbacks in May this year, critics have once again used this volatility to attack Bitcoin, saying it is not a good store of value because its price can fall 40% in a week. While that argument sounds logical at first, my own deeper analysis delivers a rather alarming result.

Tax evasion using cryptocurrencies has increased the world over. Crypto asset spruikers tend to give false info about the income and capital gains tax liabilities so that they can cash in on buyer mania. Several countries are now looking for ways of reducing this vice that has cost the economy a lot.

Individuals and businesses are often cautious about cryptocurrency due to its allegedly criminal reputation. True, money launderers often take advantage of crypto anonymity and decentralization to conceal illegal income. However, facts prove that their number one choice is fiat money.