ANAF is investigating OneCoin – 7.59 million lei undeclared

ANAF is investigating OneCoin - 7.59 million lei undeclared

ANAF is investigating OneCoin

According to an article published by, ANAF is investigating OneCoin. Inspectors of the National Agency for Tax Administration ANAF identified a damage of 1.94 million lei caused by OneCoin. The inspectors confirmed that the Romanian branch of the company was selling educational packages and the virtual OneCoin pseudo-currency in the pyramid system. Apparently, only the commissions received from these activities were declared as revenues, while the value of the respective products was transferred abroad.

“They received, without declaring, 7.59 million lei from the sale in a pyramidal sales system (Multi Level Marketing – MLM) of packages containing“ educational ”products,“ mining ”devices and investments for a a pseudo-virtual currency called OneCoin. The respective currency is recognized exclusively on an online platform with restricted access, dedicated to transactions between members of the OneCoin community ”,

ANAF said for

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Also, ANAF has informed that it has initiated collaborations with the international partner tax authorities to verify the cryptocurrency trading activities of Romanian citizens. These are taxable as of April 1, 2019 and must be included in the single income tax return that has a deadline of March 15, 2020. The tax rate is 10% if the net earnings exceed 200 lei / transaction. If the total value of the earnings in a fiscal year does not exceed 600 lei, the transactions are not taxed, said (ANAF).

Steven Mnuchin: Fédéral Reserve will not issue a digital dollar in the next 5 years

US Treasury Secretary Steven Mnuchin said he did not anticipate the development of a national digital currency in the US in the coming period.

At a hearing on the Financial Services Committee in Washington, Mnuchin said:

“Federal Reserve Chairman Jerome Powell and I discussed this – we both agree that in the near future, over the next five years, we will not see the need for the Fed to issue digital currency.”

Powell said on November 20 that, before issuing a CBDC, the Federal Reserve must address a number of legal questions. These include monetary and payment policies, financial stability, surveillance and operational issues, as well as the vulnerability of digital currencies to cyber attacks.

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Kraken introduces fiat ramp for the Swiss franc

Kraken crypto exchange allow now funding Swiss Franc accounts, adding one of the most active currencies in the global finance scene. In addition to the Swiss franc, the platform offers fiat ramps in dollars, euros, yen and Canadian dollars.

Kraken has partnered with Frick Bank in Liechtenstein, offering several options for sending and receiving funds. Initially, pairs trading will begin on BTC / CHF and ETH / CHF.

The exchange managed to take advantage of the European interest in crypto transactions and recorded over $ 78 million in daily transactions.

Coinbase debit card provides support for stable DAI cryptocurrency

The co-base announced a new cryptocurrency supported by Visa debit cards – the stable DAI token, based on the Ethereum blockchain.

DAI is the first stable cryptocurrency to be added to the Coinbase Card, which was launched in April 2019. The debit card allows customers in the UK and the EU to spend their cryptocurrencies directly from Coinbase accounts. Starting in November, the card is also available for Romanian patients.

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Last month, Coinbase Card added support for four crypto assets – Basic Attention Token, (BAT), Augur (REP), Stellar (XLM) and 0x (ZRX). It also supports bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC).

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