The European Union (EU) is no stranger to taxation, and the digital currency Tether (USDT) is no exception. As a new asset class, USDT has attracted considerable attention from regulators and policymakers who seek to ensure that profits generated from this novel financial instrument are appropriately taxed. Given its regulatory uncertainty, it’s important for participants […]
Tether Holdings, the issuer of the stablecoin USDT, has claimed that every USDT in circulation is overcollateralized and backed “in excess of 81% by cash and cash equivalents” without any commercial paper exposure. In a blog post on February 16, Tether Holdings emphasized the soundness of their stablecoin, as US regulators appear to be scrutinizing […]
The taxation of US dollar transactions (USDT) in Canada can be a complicated and confusing endeavour for both businesses and individuals. In order to make sure that everyone is abiding by the laws and regulations, it is important to understand how the Canadian government deals with these types of transactions. When it comes to USDT […]