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UUBO Tax Update – The FIRS Has Provided Clarifications On The Stamping Of Electronic Documents And Related Matters - Tax


Introduction
The Federal Inland Revenue Service ( FIRS ) recently
published a circular titled Clarification on the Provisions
of the Stamp Duties Act (the Circular ) to provide
implementation guidance and clarify the effect of recent amendments
to the Stamp Duties Act 2004 (as amended) ( SDA ) by the
Finance Act 2019 (the Finance Act ). The Finance Act
amended section 2 of the SDA to expand the scope of dutiable
instruments to include electronic documents and provide for
electronic stamping and denoting of stamp on documents. We have set
out below the highlights of the Circular.
Documents liable to stamp duties
The FIRS has now expanded the scope of the documents liable to ....

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Global Crypto ATM Market Outlook Report 2020: Market is Propelled by Fluctuations in Monetary Regulations & Increasing Fund Transfers


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ResearchAndMarkets.com s offering.
Global Crypto ATM Market accounted for $18.35 million in 2019 and is expected to reach $542.52 million by 2027, growing at a CAGR of 52.7% during the forecast period.
Some of the key factors propelling the growth of the market are fluctuations in monetary regulations, increasing fund transfers in developing economies, and rise in the number of installations of crypto ATMs. However, stringent government regulations that prohibit the usage of cryptocurrency in various countries are the restraining factor for the growth of the market.
Cryptocurrency is the digital or virtual money in the form of tokens or coins. An Internet-connected kiosk allows customers to purchase bitcoins with deposited cash. A crypto ATM is not the same as an ATM backed by a traditional financial institution or bank. Cryptocurrencies are designed to get free from government control and manipulation. ....

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