Kiffmeister’s #Fintech Daily Digest (10/03/2020)

KuCoin CEO Says Suspects in $281M Hack Identified; Authorities on the Case

KuCoin CEO Johnny Lyu tweeted that the South Korean crypto exchange has found what he described as “suspects” of last September’s hack that resulted in the theft of $281 million in cryptocurrencies. Also, another $64 million of stolen assets have been recovered from “suspicious addresses,” bringing the total value of recovered assets to $204 million since the October 1 hack.  

Cryptocurrency Tax Guidance Leaves Big Holes Worldwide, PwC Says

Cryptocurrency investors face a tricky and fast-changing tax landscape worldwide with sparse guidance in many areas, according to a new report from PwC. The report also contains the new PwC Crypto Tax Index, which ranks jurisdictions based on how comprehensive their guidance is for holders. Liechtenstein came out on top this year, with Malta, Australia, Switzerland, Singapore and Hong Kong rounding out the highest rankings. Still, very few jurisdictions have issued guidance on topics like crypto borrowing and lending, DeFi, non-fungible tokens, tokenized assets and staking income.

Mobile Internet Connectivity 2020 Sub-Saharan Africa Factsheet

Mobile internet adoption stood at only 26% in Sub-Saharan Africa at the end of 2019. The region accounts for almost half of the global population not covered by a mobile broadband network. However, there has been a continued acceleration in mobile broadband coverage, as operators upgrade existing 2G sites to 3G and 4G (with 4G networks now covering almost half the regional population). 2019 marked the first year that there were more mobile broadband connections than 2G, as consumers benefitted from more affordable smartphones and smart-feature phones. A large gender gap and rural-urban gap in mobile internet use persist, standing at 37% and 60%, respectively.  

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