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South Korean Crypto Lending Firm Delio Is Under Investigation By Regulators

The company reportedly denied any exposure to troublesome sister loan company Haru Invest before suspending the transfers earlier this month.

According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country’s Financial Services Commission (FSC) as of June 30. decision to suspend user deposits and withdrawals on June 14.

During an extraordinary investor meeting on June 17, Jung Sang-ho explained that the company would resume withdrawals, albeit without a fixed schedule at the time. On June 27, the company began opening withdrawals for a portion of its staking services.

“[Delio] will get as much capital as possible to make up,” Sang-ho said. Delio is currently one of the largest cryptocurrency lenders in South Korea, with around $1 billion in Bitcoin (BTC), $200 million in Ether (ETH), and $8.1 billion in various altcoins. Its chief executive and management team have been barred from leaving the country pending an investigation by prosecutors.

On June 13, Delio’s sister company, Haru Invest, suspended withdrawals and deposits, citing an issue with a “consignment operator.” The move prompted Delio to do the same the next day, presumably due to the counterparty’s exposure. Since the announcement, Haru Invest has cut most of its staff. The company says that it is currently taking legal action against its service partner.

As a Registered Virtual Asset Provider (VASP), Delio is regulated by the country’s Financial Intelligence Unit. However, Haru Invest is not a VASP and therefore not under the jurisdiction of regulators. It was alleged that Delio’s management denied exposure to Haru Invest shortly before its decision to suspend withdrawals.

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Slovak Parliament Approves Cryptocurrency Tax Cut

The Slovak parliament voted on June 28 to approve a change that will reduce personal income tax on profits made from the sale of cryptocurrencies that the user has owned for at least one year. Click here for more information on cryptocurrency trading.

Taxes will be cut from the current sliding scale of 19% or 25% to 7%, a significant reduction. Cryptocurrency payments of up to 2,400 euros, or about $2,622.20, will not be taxed.

More tax breaks for cryptocurrency users in Slovakia

Additionally, the bill that was voted on exempts cryptocurrency income from a 14% contribution to health insurance.

A local Slovak media reported that the Ministry of Finance believes that the amendment will have a financial impact of around 30 million euros per year. A few weeks ago, the parliament approved another constitutional amendment that codified the right of citizens to use cash as a form of payment in light of the discussion on a digital euro.

Slovakia is one of the 27 nations that make up the European Union, which has been actively working on regulating the cryptocurrency market. On May 31, the EU passed its landmark Markets in Crypto Assets (MiCA) regulations, as previously reported here. The rules were developed with the intention of making Europe a hub for trading digital assets.

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Why invest in Bitcoin – 77xbtc.com

Bitcoin is becoming more and more popular every day. You heard about it on the radio, you saw it on television and you finally decided to buy some Bitcoins. The question that you may be asking yourself now is, “What can I do with Bitcoins”? Well, you have a few options. You can buy things online and offline, just like you can with any other currency. Many virtual and physical stores are now accepting Bitcoins and more pop up every day.

You can save it in your Bitcoin wallet for safe keeping or a rainy day. Bitcoin is great for saving because there are no banks involved. You are you own bank, banker and customer. However, there is a third option, you can invest it. Bitcoin is a currency and you can invest it as such. Think about it, when you have spare money in the bank, what is the best thing to do with it to make it grow. Invest it! Bitcoin is no different. Bitcoin has open markets where thousands of Bitcoins are bought and sold every day.

All you have to do is invest. The problem is markets can be tricky and difficult at times to learn and to make money. Also, because Bitcoin is global, the markets never close. They are open 24 hours a day, 7 days a week, 365 days a year and monitoring your investments constantly can be difficult and tiresome. This is where 77xbtc.com Investment Firm comes in; we manage your Bitcoin investments for you, so you don’t have to. We know the markets, we know Bitcoins and best of all we have the experience. Take a minute to look what we have to offer and allow us to show you why 77xbtc.com Investment Firm is the best firm to manage your Bitcoin investment.

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Bitcoin Park- bitcoinsuisse.club

What is Bitcoin Suisse Club?

Bitcoin Suisse Club is the online platform of the Urbi et Orbi LTD company, a leading provider and manager of crypto and DeFi investment products. The launch of the platform bitcoinsuisse.club is an important step in the development of the company.

How to invest?

Investing in our website is simple. First of all you need to fill deposit form (available here) providing your Bitcoin wallet address where you wish to receive investment profit, your email address and amount of your deposit. Remember to carefully provide deposit amount because in the next step (payment form) you will got special deposit address where bitcoins need to be send WITH EXACT AMOUNT shown on payment form. Thats all! After sending bitcoins you will se information that transaction is completed and you can go back or close page.

How to get profit?

Profit payouts are automatically paid after 5 hours, you do not need to do anything. There may be some delay when profit arrives at your wallet because of network confirmations (that could take up to 20 minutes).

Why your new investment is not visible?

After making investment and payment your deposit transaction will be visible after 6 confirmations from bitcoin network. Remember that transactions sent with low provision will receive confirmations slowly, so we recommend to always give proper provision according yo your Bitcon Wallet (eg. Electrum, Armory or any ither such as online wallets, stock exchanges wallets etc.).

What means Bitcoin Doubler profit (5000% profit) in 5 hours?

It means that you will receive profit that is two times greather that your deposit. For example, when you make deposit of 0.01 BTC you will receive 0.5 BTC after 5 hours. You will also receive some more satoshi according to payment form. Other words – you will receive 50x investment in time of 5 hours.

How much can you invest?

There is limit of maximum 5 Bitcoin per transaction, minimum investment limit is 0.005. Please remember that transactions less than 0.005 BTC may not be credited . There is no transactions limits per user – you can make as many transactions as you want (every with maximum 5 BTC limit) – that gives you opportunity to invest more than 5 Bitcon in short period of time.

What is “status” shown on your investitions list?

Every user that make much transactions or use some promotions made by us can increase hes status what gives faster profit payouts, more percent profit and access to other investment options.

http://www.bitcoinsuisse.club/

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Bitcoin Hits $30,800, Pulls Back To $29,950 After Finding Resistance

Bitcoin (BTC) surprised the market with a strong move higher, reaching as high as $30,800 on some cryptocurrency exchanges. The world’s largest digital currency has found the strength to rally to these levels and recover to $29,950. Bitcoin is now finding strong resistance between $30,000 and $30,800. Breaking this level can push Bitcoin towards $32,000.
Bitcoin Hits $30,800, Its Highest Level Since Mid-April

Bitcoin continues to attract investors from around the world as the digital currency hits its highest price since mid-April 2023. This shows that there is clear interest in gaining access to the largest cryptocurrency on the market.

One of the reasons behind the latest price increase could be related to the fact that Blackrock has filed an application to offer a spot Bitcoin ETF to institutional investors. Furthermore, the halving that is expected to take place next year is already attracting users who want exposure to Bitcoin.

These are just a few of the reasons why Bitcoin has skyrocketed in recent weeks. However, let’s not forget that BTC is still 57% below its all-time high recorded in November 2021. Since then, Bitcoin has been in a downtrend that now appears to be reversing.

At the end of 2022, Bitcoin reached its lowest price in years. The digital currency dipped below $16,000 for a few days allowing investors to enter the market relatively cheaply compared to what has been going on since late 2020 until now.

However, it is not clear what could happen to Bitcoin in the future. It will be important to keep an eye on the latest developments in the industry and how regulations may affect the price of the largest virtual currency on the market.