SAXE Global

12/09/2023

Gibraltar Crypto Fund- What are the Benefits? 💡

Gibraltar, a tiny British Overseas Territory nestled at the southern tip of the Iberian Peninsula, has emerged as a powerhouse in the world of cryptocurrency and blockchain. Setting up a crypto fund in Gibraltar offers a plethora of advantages, making it a prime choice for crypto enthusiasts and investors. Let's delve into the key benefits of establishing a crypto fund in this progressive jurisdiction.

🔹 Regulatory Pioneering: Gibraltar took a bold step in 2018 when it introduced a comprehensive regulatory framework for Distributed Ledger Technology (DLT) providers. This framework, based on 10 Key Principles, has set clear rules for crypto-related companies, instilling confidence in investors and ensuring compliance with international standards.

🔹Top-Tier Jurisdiction: Gibraltar consistently ranks among the top three jurisdictions globally for crypto asset funds, as acknowledged by reputable organizations like PwC, Elwood, and AIMA.

🔹Strong Regulatory Oversight: The Gibraltar Financial Services Commission (GFSC) has a robust history of regulating financial services and safeguarding investors. This track record adds an extra layer of trust for investors in Gibraltar-based crypto funds.

🔹Business-Friendly Atmosphere: Gibraltar is renowned for its business-friendly policies. A low corporate tax rate of 12.5% and no capital gains tax on cryptocurrency gains further incentivize businesses to thrive.

🔹Dual Funds Regime: Gibraltar offers a unique dual funds regime that allows fund managers to opt out of certain requirements of the Alternative Investment Fund Managers Directive (AIFMD). This flexibility is particularly advantageous for crypto fund managers, given the distinct nature of the crypto asset space.

🔹Skilled Workforce: Gibraltar boasts a highly skilled workforce well-versed in blockchain technology, international tax intricacies, and anti-money laundering/countering the financing of terrorism (AML/CTF) compliance.

🔹Diverse Fund Types: Gibraltar accommodates various types of crypto funds, from closed-ended and open-ended funds to fund of funds and algorithmic high-frequency trading funds. Whether you're interested in DeFi or NFT-focused funds, Gibraltar provides the regulatory framework for your venture.

In summary, establishing a crypto fund in Gibraltar offers a wealth of benefits, including a forward-thinking regulatory environment, government support, tax advantages, a business-friendly atmosphere, and access to a skilled workforce. Its strategic location further enhances its appeal as a global crypto investment destination. Gibraltar's commitment to nurturing the crypto asset sector makes it a top choice for those looking to thrive in the ever-evolving world of cryptocurrencies.

Learn more about the best crypto jurisdictions by contracting our team https://lnkd.in/dReP4Gi3

24/08/2023

The popularity of e-wallets in Hong Kong is on the rise, driven by changing consumer behavior and government incentives.

However, challenges are emerging that hinder these digital payment platforms from becoming profitable, according to a report by Quinlan & Associates. High acquisition costs, slow merchant activations, and limited growth incentives are among the obstacles e-wallet providers face.

Despite their growing user bases, many e-wallets struggle with engaging merchants effectively and converting marketing efforts into actual usage. To overcome these challenges, the report suggests that e-wallet providers should focus on targeted strategies, identify high-potential merchant segments, and explore innovative monetisation opportunities. As the landscape evolves, adapting strategies will be crucial for e-wallet providers to ensure a sustainable future in the dynamic digital payments market.

For more details, read the full article

Hong Kong e-wallets face challenges in achieving profitability amid growth, high acquisition costs, and low merchant engagement, report finds

18/08/2023

In a world where businesses strive for efficiency and success, finding the right strategies to optimise your tax structure can be a game-changer. 💡

SAXE Global is thrilled to introduce our cutting-edge Tax Optimised Entity Formation Services that empower businesses to navigate the complex tax landscape with finesse and innovation.

Our ultimate goal is to strategically structure your entity's formation and operations to take advantage of various tax laws and regulations, ultimately reducing the amount of taxes owed.

The strategy can include selecting optimal entity types, jurisdiction decisions, income and expense structuring, transfer pricing, legal compliance, asset protection, estate planning, and tax treaty utilisation. These services strategically navigate tax implications, legal compliance, and international agreements to ensure tax efficiency and regulatory adherence for businesses.

🔸 Expertise and Tailored Solutions: Our team of professionals offers tailored solutions to meet your unique business needs. Whether you're a startup, SME, or multinational corporation, our services cater comprehensively to your requirements.

🔸Global Perspective: With a deep understanding of international tax laws and agreements, we help you make informed decisions for entity establishment. Our global outlook enables tax-efficient frameworks that transcend borders, fostering operational excellence on a global scale.

🔸Innovative Approach: At SAXE Global, innovation drives us. We continually explore new methodologies to reduce tax burdens while ensuring compliance. Your success fuels our dedication, as we strive to elevate your business to greater heights.

🔸Collaborative Customisation: Recognising the complexity of taxation, we collaborate closely with you to create bespoke entity establishment strategies. This mutual approach aligns with your corporate goals seamlessly, rejecting one-size-fits-all solutions.

Initiate a connection with us today! Follow the link to book a free consultation with one of our leading experts https://calendly.com/saxe-global/30min?month=2023-08

17/08/2023

Coinbase has received approval from the National Futures Association (NFA) to offer cryptocurrency futures trading for US retail customers. This marks a significant step for the platform as it becomes the first crypto-native exchange to provide traditional spot crypto trading alongside leveraged crypto futures.

Coinbase had applied to the NFA two years ago and has since collaborated with regulators to ensure compliance with regulations and customer protection standards set by the CFTC. This regulatory approval is a notable achievement for Coinbase, especially considering its recent disputes with the SEC.

The company has been at odds with the regulatory agency and even filed a lawsuit seeking clarification on digital asset regulations.

For more details, read the full article

Coinbase has secured approval to offer cryptocurrency futures trading to US retail customers.

16/08/2023

In today's rapidly changing business landscape, the emergence of cryptocurrencies has brought about a revolutionary shift in how financial transactions occur.

These digital assets offer remarkable opportunities, but they also come with complex security challenges that need careful consideration. Blockchain technology bolsters security through its creation of an immutable and transparent transaction ledger. Nonetheless, its decentralised structure introduces inherent cybersecurity risks that warrant careful mitigation strategies.

Dive into the cutting-edge world of cryptocurrency security with our latest article, "Cybersecurity and Privacy in Crypto Transactions"! Discover how businesses can harness the power of cryptocurrencies while safeguarding their assets against evolving cyber threats.

Explore imperative strategies such as comprehensive risk assessment, secure architecture design, employee training, and continuous transaction monitoring. Learn about the pivotal role of blockchain technology in bolstering security within the cryptocurrency ecosystem.

💡Read the full article now and equip yourself with the knowledge to confidently navigate the complexities of crypto transactions.
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15/08/2023

Exploring the NFT Phenomenon, Regulation, and Intellectual Property Rights

In a rapidly evolving digital landscape, Non-Fungible Tokens (NFTs) have emerged as a groundbreaking force, redefining ownership and trading dynamics. NFTs are unique digital tokens that represent ownership of digital or physical assets on a blockchain, enabling creators to monetise their work and collectors to engage with exclusive digital items.

Our latest article dives deep into the intersection of NFTs, regulation, and intellectual property rights.

In this comprehensive analysis, we navigate the intricate landscape of NFTs, from empowering creators to safeguarding intellectual property rights, offering you a nuanced perspective on this transformative phenomenon.

Here you can find key aspects such as the implications of NFTs, the complex relationship between copyright and NFTs, the challenges of regulation, and the potential solutions to ensure harmony between innovation and legal frameworks.

Join us in exploring the multifaceted world of NFTs and their legal implications. Gain insights into how creators, collectors, and the broader digital economy are impacted.

Elevate your understanding by reading the full article here: https://www.saxe-global.com/post/nft-regulation-and-intellectual-property-rights

In recent years, the world of digital assets has witnessed an extraordinary transformation, driven by the meteoric rise of Non-Fungible Tokens (NFTs). These unique digital tokens have ushered in a new era of ownership and trade, reshaping our perceptions of digital art, collectibles, and intellectua...

14/08/2023

A crypto on/off-ramp company facilitates the exchange between traditional fiat currency and cryptocurrencies, serving as a crucial link in the crypto ecosystem.

On-ramp services enable users to purchase cryptocurrencies using fiat money through methods such as bank transfers or card payments. Conversely, off-ramp services allow users to convert their cryptocurrencies back into fiat currency.

Embarking on the journey of establishing a Crypto On/Off Ramp Company presents a unique and promising opportunity in the ever-evolving cryptocurrency landscape.

Key considerations when forming such a company include:

Legal and Regulatory Compliance: Adhere to anti-money laundering (AML) and know-your-customer (KYC) requirements and obtain necessary licences and approvals for legitimacy and trust-building.

Partnerships with Banks: Establish partnerships with banks for seamless fund movement.

Security Measures: Implement robust security protocols against hacking and data breaches.

Crypto Market Understanding: Navigate dynamic crypto market with trend analysis and liquidity management.

Scalable Technology Infrastructure: Build technology that can grow with user base.

Expert Legal Guidance: Navigating varied regulatory landscapes requires professional legal input.

Given the complex interplay of cryptocurrency, finance, and regulation, seeking the guidance of seasoned experts is indispensable. Professionals well-versed in these sectors can provide you with invaluable insights, helping you navigate the intricate landscape and make informed decisions.

SAXE Global stands ready to assist you in the process of launching your Crypto On/Off Ramp Company. With our profound expertise in cryptocurrency, financial innovation, and entrepreneurship, our team can provide the professional guidance needed to set up a successful venture in this exciting domain.

Contact us at: https://www.saxe-global.com/contact-us

10/08/2023

The Banking-as-a-Platform (BaaP) market is poised for remarkable growth, with global revenue projected to surge by an astonishing 1,125% to $49 billion by 2028, up from $4 billion in 2023, according to Juniper Research.

This transformative approach enables traditional banks to collaborate with innovative vendors, providing customers with a slew of new services, from embedded insurance to lifestyle perks and HR services.

By harnessing third-party partnerships and APIs, banks can maintain their core services while offering enhanced user experiences, enabling them to compete effectively with fintech counterparts. The potential of BaaP is extensive and could revolutionise the banking landscape in various domains.

To delve into the detailed insights, read the full article here:

Global revenue from BaaP services could rise to as much as $49billion globally in 2028, rising from $4billion in 2023; finds Juniper Research.

04/08/2023

We are excited to share an insightful article on the future of the POGO licensing regime in the Philippines!

PAGCOR's proactive measures aim to create a more stringent and transparent regulatory framework. Stricter evaluation of beneficial owners, collaboration with government agencies, and penalties for non-compliance are key aspects. The industry can expect sustainable growth and increased economic impact.

SAXE Global will closely monitor these developments and provide up-to-date information on the implementation of the new framework.

Read the full article here: https://www.saxe-global.com/post/what-is-the-future-for-the-pogo-licensing-regime-in-the-philippines

Stay informed about the evolving landscape of online gaming in the Philippines.

The Philippine Offshore Gaming Operators (POGO) licensing regime has been under scrutiny in recent times, prompting the Philippine Amusement and Gaming Corporation (PAGCOR) to take decisive measures to address issues plaguing the industry. In a bid to restore its credibility and reputation, PAGCOR h...

04/08/2023

We are excited to share an insightful article on the future of the POGO licensing regime in the Philippines!

PAGCOR's proactive measures aim to create a more stringent and transparent regulatory framework. Stricter evaluation of beneficial owners, collaboration with government agencies, and penalties for non-compliance are key aspects. The industry can expect sustainable growth and increased economic impact.

SAXE Global will closely monitor these developments and provide up-to-date information on the implementation of the new framework.

Read the full article here: https://www.saxe-global.com/post/what-is-the-future-for-the-pogo-licensing-regime-in-the-philippines

Stay informed about the evolving landscape of online gaming in the Philippines.