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It’s Not Over Yet! More Senators Come in Support as Crypto Continues to Fight Back
Over the weekend, the Senate voted 68-29 on the controversial bipartisan infrastructure bill to end the debate. However, the crypto community remains hopeful that the bill might get the amendment before the final vote on Tuesday. дальше »
2021-8-10 16:11 | |
Infrastructure Bill and Crypto: Elon Musk Condemns ‘Disastrous’ New Amendment
The highly respected and opinionated CEO of Tesla and SpaceX, Elon Musk, has joined in speaking against the last-minute amendment made by Senators Rob Portman and Mark Warner to the recent crypto taxation provision suggested by Senators Patrick Toomey, Ron Wyden, and Cynthia Lummis. дальше »
2021-8-9 15:59 | |
Musk on Proposed Crypto Tax Provision -‘Not the Time to Pick Winners or Losers in Crypto Technology’
Tesla CEO Elon Musk has weighed in on the discussion surrounding a proposed crypto tax provision. The provision, part of the infrastructure bill, will go to a vote on August 7. Meanwhile, United States senators Patrick Toomey, Ron Wyden, and Cynthia Lummis have suggested an amendment to that provision, working in favor of Proof of Work miners. дальше »
2021-8-7 13:34 | |
Treasury Secretary reportedly against amending crypto language in infrastructure bill
Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis and Toomey. дальше »
2021-8-7 20:18 | |
Amendment To Controversial Crypto Tax Rule Still Insufficient
Senators Rob Portman and Mark Warner proposed an amendment on Thursday to the crypto tax reporting rule that was tabled days earlier by the senate infrastructural bill’s cryptocurrency provision. The new amendment states briefly that the proposed reporting requirements exclude proof-of-work mining as well as the sale of software and hardware that support hot and […] дальше »
2021-8-7 16:55 | |
“Backdoor Bitcoin Ban?” Infrastructure Bill Creator Rob Portman Unveils Competing Amendment at the Last Moment
Senator Rob Portman’s amendment, which supports PoW chains but punishes those using PoS protocol, for now, has gained support from Mark Warner, Kyrsten Sinema, and most importantly, the White House. дальше »
2021-8-7 16:22 | |
US Infrastructure Bill’s Proposed Crypto Tax Puts Proof-of-Stake Platforms Under the Radar
The White House has made its stand on a newly introduced amendment to the Infrastructure Bill whereby it acknowledged it. Crypto advocates argue that the language in the legislation, which requires brokers of digital assets to report on crypto trading gains, is vague. дальше »
2021-8-7 15:00 | |
Cryptocurrency Industry in Chaos as White House Endorses New Amendment to Controversial Crypto Tax Provision
A White House-supported amendment to the controversial cryptocurrency provision in the infrastructure bill has seemingly divided the cryptocurrency community along tribal lines дальше »
2021-8-6 07:55 | |
US: Senators Introduce Amendment to Infrastructure Bill to Ease Crypto Reporting Requirements
The cryptocurrency industry’s last-minute lobbying push to amend provisions in the bipartisan infrastructure bill that was completed over the weekend could succeed in eliminating some of the Internal Revenue Service (IRS) scrutiny that stakeholders in the sector would face. дальше »
2021-8-5 20:00 | |
Infrastructure Bill Amendment Calls for A Level Playing Field with TradeFi, Without Penalizing Crypto
Senator Cynthia Lummis (R- Wyo), Ron Wyden (D-Ore), and Pat Toomey (R-Pa) are behind the amendment proposal that integrates crypto into the financial system and protects American innovation while ensuring taxes are paid. дальше »
2021-8-5 16:01 | |
US Senators Provide Crypto-Related Amendment in Infrastructure Bill
Three U.S. Senators have sent an amended version of the cryptocurrency regulation in the infrastructure bill, changing the definition of a broker to exclude certain entities. The post US Senators Provide Crypto-Related Amendment in Infrastructure Bill appeared first on BeInCrypto. дальше »
2021-8-5 13:03 | |
Senator Toomey: Crypto Tax Proposal in Infrastructure Bill ‘Unworkable’
Senator Pat Toomey of Pennsylvania has released a statement that calls the wording on crypto taxation in the bipartisan infrastructure bill unworkable and says he will propose an amendment. The post Senator Toomey: Crypto Tax Proposal in Infrastructure Bill ‘Unworkable’ appeared first on BeInCrypto. дальше »
2021-8-3 08:52 | |
Texas Governor Wants State to Lead in Crypto Adoption as it Did With Gold
With the recent Crypto law proposal, Texas emulates Wyoming with regards to Crypto Assets legislation in the hope of catching up on the trend, but experts detect a flaw in the Texas bill. Sometime mid-March Nathaniel “Tan” Parker—Texas businessman and Representative—presented an amendment bill for the Texas Uniform Commercial Code, UCC. The bill, House Bill […] дальше »
2021-4-3 21:18 | |
South Korean Lawmakers to Delay Cryptocurrency Tax Rule Implementation Till 2022
The South Korean lawmakers are reportedly making plans to push a three-month delay on the imposition of a tax law amendment bill that the government had proposed on virtual currencies. The bill aims to impose income tax on investments in cryptocurrencies like Bitcoin, ETH, and the likes and have been enforced to commence from October […] дальше »
2020-11-26 00:23 | |
Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing
The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital assets. In a report first published by Irish Examiner, the Cabinet is set to approve Justice Minister Helen McEntee’s bill, Money Laundering and Terrorist Financing Amendment Bill 2020, to place more […] дальше »
2020-8-11 16:38 | |
Indian Government Retaliates Against Violent Protesters, Shuts Down Internet Again
India passed the controversial Citizenship Amendment Bill. The bill led to violent protests which in turn led to another internet shutdown. The post Indian Government Retaliates Against Violent Protesters, Shuts Down Internet Again appeared first on CCN.com дальше »
2019-12-15 16:09 | |
Europe: Banks May Hold and Sell Bitcoin Starting From 2020
According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal. дальше »
2019-11-30 18:00 | |
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force. дальше »
2019-11-27 09:20 | |
U.S. Can’t Ban Bitcoin Because It’s Free Speech: Abra CEO
The United States government can’t ban bitcoin because the original cryptocurrency is free speech that’s protected under the Constitution. That’s the opinion of Bill Barhydt, the CEO of crypto wallet and exchange Abra. дальше »
2019-7-3 21:10 | |
Indiana Proposes Crypto Bill for “Payment of Taxes with Virtual Currencies”
Indiana is the latest state to embrace virtual currencies as they make amendment in the bill to introduce cryptocurrencies as a means to pay taxes in. The synopsis of the bill reads, “Payment of taxes with virtual currencies. дальше »
2019-1-26 21:14 | |
Ireland Increases Oversight for Cryptocurrency Exchanges and Financial Institutions
In a bid to curb the activities of bad actors who use cryptocurrencies to facilitate illicit gains such as terrorism financing, Irish authorities are set to approve the Criminal Justice Money Laundering and Terrorist Financing Amendment Bill 2019, according to The Irish Times report on January 4, 2018. дальше »
2019-1-5 06:00 | |
Australia’s horrific new encryption law likely to obliterate its tech scene
Australia‘s government signed a bill into law last week giving law enforcement agencies the right to force technology companies to reveal users’ encrypted messages. Another way of putting it: Australia‘s tech scene will soon be located on the Wayback Machine. дальше »
2018-12-10 22:19 | |
Ohio Gives Green Light to Paying Taxes With Bitcoin
Ohio is now setting up an official website to allow businesses to pay taxes with bitcoin. According to a recent article published by the Wall Street Journal (WSJ), the state of Ohio seems to have given tacit acceptance to bitcoin by allowing businesses, although not individuals, to pay all manner of taxes with the cryptocurrency. дальше »
2018-11-27 21:32 | |
Law Firm: South Africa’s Draft Tax Law Could Affect Cryptocurrency Use
A South African law firm has published a short essay on proposed tax legislation for cryptocurrency in the country. Cox Yeats Attorneys, a Durban-based firm, argues that the Taxation Laws Amendment Bill, published by the National Treasury in July, will be bad for the digital asset industry, according to local media reports. дальше »
2018-11-26 18:15 | |
French Lawmakers to Lower Cryptocurrency Tax by 6 Percent
French lawmakers have adopted an amendment to the 2019 budget bill that will cut capital gains tax on bitcoin sales to 30 percent from 36. 2 percent. This will bring cryptocurrency transactions in line with other non-real estate assets, which are taxed at a flat rate of 30 percent. дальше »
2018-11-8 02:00 | |
Bitcoin Foundation Challenges “French BitLicense” Proposed in PACTE Bill
On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of France’s businesses and the country’s employee savings. дальше »
2018-10-4 22:10 | |
Op Ed: New Bermuda Legislation Will Create a Novel Class of Bank to Service Fintech Companies
As we reported on July 19, 2018, Bermuda is determined to establish itself as the leading jurisdiction for fintech entrepreneurs, in particular those involved in initial coin offerings (ICOs), digital assets and virtual currencies. дальше »
2018-8-23 23:03 | |
Telling the truth about defects in technology should never, ever, ever be illegal
Congress has never made a law saying, “Corporations should get to decide who gets to publish truthful information about defects in their products,”— and the First Amendment wouldn’t allow such a law — but that hasn’t stopped corporations from conjuring one out of thin air, and then defending it as though it was a natural right they’d had all along. дальше »
2018-8-18 11:00 | |
Officials in South Africa Propose VAT-Exemption for Bitcoin Trades
Cryptocurrencies are becoming more prevalent to residents living in South Africa and over the past year bitcoin interest stemming from the region has grown exponentially. Furthermore, just recently the South African Treasury has proposed a few amendments that apply to the country’s Taxation Laws Amendment Bill (TLAB) and how cryptocurrencies are taxed. дальше »
2018-7-28 23:45 | |
Bermuda to Cater to Blockchain & Crypto Projects with Banking Act Amendment Plans
Bermuda Interested In Creating Blockchain Centric Banks The British island territory is bidding to put its name on the map as an outlier destination for FinTech innovation, having recently passed an ICO Bill and Digital Asset Business Act to attract companies in the blockchain and virtual currency space. The upcoming amendment to the Banking Act […] дальше »
2018-7-3 22:51 | |