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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 | |
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Coinbase CEO Says Crypto Tax Bill ‘Could Have a Profound Negative Impact’
Brian Armstrong, CEO of Coinbase, had a lot of criticism for a proposed crypto tax provision and shared his thoughts Friday on social media. The post Coinbase CEO Says Crypto Tax Bill ‘Could Have a Profound Negative Impact’ appeared first on BeInCrypto. дальше »
2021-8-7 22:40 | |
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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 | |
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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 | |
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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 | |
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Uruguayan Senator Proposes Bill to Make Crypto Legal Tender
Uruguayan lawmaker Juan Satori has proposed a bill in a bid to allow cryptocurrency payments. According to his tweet on August 4, Satori’s proposed bill seeks to provide “legal, financial and fiscal security in the business derived from the production and commercialization” of cryptocurrencies. дальше »
2021-8-5 19:00 | |
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Ether (ETH) Price Surges as the London Upgrade Nears
Ether cryptocurrency is currently at its two-month high thanks to the highly awaited London Hard fork upgrade proposed to shorten the pace at which new tokens are minted. The London Hard Fork and Ethereum Price The upgrade, known as the Ethereum Improvement Protocol 1559 (EIP 1559) or the London hard fork, is supposed to goRead More дальше »
2021-8-5 15:00 | |
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Ripple May Finally Escape SEC’s Den, Thanks To This Proposed Crypto Legislation
The Digital Asset Market Structure and Investor Protection Act, new legislation proposed by Congressman Don Beyer (D-VA-08) that would protect consumers and promote innovation by incorporating digital assets into existing financial regulatory structures, has been noted to be a step in the right direction in clearing the current regulatory uncertainty surrounding cryptocurrencies. Beyer who proposed […] дальше »
2021-8-5 18:27 | |
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U.S. Lawmakers Soft-Pedal on Proposed Crypto Taxation Move
Authorities in the United States have narrowed the scope of the proposed bipartisan infrastructure bill which was initially designed to milk out at least $28 billion from the country’s crypto investors to make up the $500 billion they plan to use for infrastructural development, according to reports on July 2, 2021. A New Language AsRead More дальше »
2021-8-3 05:00 | |
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“Bad For Bitcoin”: Congressman Warren Davidson Blasts Last-Minute Crypto Tax Insertion In Infrastructure Bill
As the U. S. Senate plans to hold a popular vote on the proposed infrastructure bill under which a last-minute cryptocurrency tax law was introduced, some believe that the whole bill is ill-fitted due to its vagueness and could prove colossal to the industry and by large, the U. дальше »
2021-8-1 16:55 | |
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U.S. Authorities Set to Impose Stricter Crypto Taxes on Investors
United States lawmakers are looking to impose stricter taxation rules on crypto investors, in a bid to milk out roughly $28 billion from the industry and use it to fund part of the proposed $1 trillion bipartisan infrastructure deal that aims to invest over half a trillion dollars in the country’s public works system, accordingRead More дальше »
2021-7-30 21:00 | |
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Nano seeks a $701K sanction against Alec Otto after dropping his suit
The developers of the Nano (NANO/USD) cryptocurrency are seeking $701,000. 00 (£502,300. 00) in attorney fees and costs as a sanction against token holder Alec Otto who let go of his proposed lawsuit. дальше »
2021-7-30 14:42 | |
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South Korea to amend tax laws for addressing tax evasion by crypto investors
Cryptocurrency investors in South Korea may have to revisit their tax filings to include crypto earnings as the laws get stricter. The government of South Korea recently proposed a revision of its taxThe post South Korea to amend tax laws for addressing tax evasion by crypto investors appeared first on AMBCrypto. дальше »
2021-7-27 03:00 | |
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Bitcoin Miner Files to Go Public in the US Stock Market
Argo Blockchain, already listed on the London Stock Exchange, expects the proposed offering to start in Q3, subject to SEC approval. The post Bitcoin Miner Files to Go Public in the US Stock Market first appeared on BitcoinExchangeGuide. дальше »
2021-7-23 17:15 | |
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Non-Custodial Crypto Wallets Not Covered by Proposed Prohibition, Clarifies European Commission
On Tuesday, besides prohibiting anonymous crypto transactions, the EU’s executive arm also added anonymous crypto asset wallets to its prohibition list, requiring the full application of AML/CFT rules to ensure complete traceability. дальше »
2021-7-22 19:01 | |
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EU Proposes Law to ‘Ensure Full Traceability’ of Crypto Transfers, Ban Anonymous Wallets
The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing. дальше »
2021-7-22 14:31 | |
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Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’
The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via the amendment of the Securities and Exchange Act. The Money Laundering […] дальше »
2021-7-20 13:00 | |
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Federal Reserve attorney and a Yale professor call for stablecoin supervision
Gary B. Gorton, a professor at Yale University, and Jeffery Zhang, a member of the Board of Governors of the Federal System, have proposed the supervision of stablecoins. They made this recommendation through a research paper, which they co-authored. дальше »
2021-7-20 16:41 | |
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Paraguay’s legal framework is not like El Salvador: Bitcoin is treated as a commodity, not legal tender
We all expected Paraguay to become the second nation in the world to adopt bitcoin as a legal tender, but the recent “legal framework” proposed by MP Carlitos Rejala and Senator Fernando Silva doesn’t go as far as that of El Salvador. дальше »
2021-7-19 16:35 | |
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Proposed U.S. Bill Seeks to define Crypto Under Securities Act
The United States has often been criticized for its slow pace in enacting much-needed cryptocurrency regulations. Perhaps the biggest issue that has yet to be resolved is whether or not cryptocurrencies are securities. дальше »
2021-7-17 13:00 | |
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Are El Salvador's 'unconstitutional' Bitcoin plans taking advantage of the pandemic?
Nayib Bukele, the President of El Salvador, recently got himself a pair of laser eyes on his Twitter profile at least. This came after the country's parliament passed Bukele’s proposed legislation oThe post Are El Salvador's 'unconstitutional' Bitcoin plans taking advantage of the pandemic? appeared first on AMBCrypto. дальше »
2021-7-17 03:30 | |
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France Proposes EU-Wide Cryptocurrency Regulation
France has proposed giving more power to the Paris-based European Securities and Markets Authority (ESMA) and making it responsible for cryptocurrency oversight. French regulators say cryptocurrencies need EU-wide regulation. дальше »
2021-7-15 06:30 | |
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SEC delays decision on Wisdom Tree Bitcoin ETF
The Securities and Exchange Commission has asked for comments regarding Wisdom Tree's proposed Bitcoin ETF.
дальше »2021-7-15 00:15 | |
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Paraguay’s Proposed Bitcoin Bill to Regulate Cryptocurrency Trading and Mining
After El Salvador, Paraguay is taking essential steps towards regulating cryptocurrency by introducing a new bill developed by Congressman Carlos Rejala and Senator Fernando Silva Facetti. While Rejala’s party only holds two seats in Congress, Facetti is a leader in one of the main opposition parties in the country, the Authentic Radical Liberal Party, which […] The post Paraguay’s Proposed Bitcoin Bill to Regulate Cryptocurrency Trading and Mining first appeared on BitcoinExchangeGuide. дальше »
2021-7-15 19:34 | |
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Paraguay’s Proposed Crypto Legislation May Be Counterproductive
Paraguayan lawmakers are set to submit a bill aimed at regulating the country’s cryptospace and make it mandatory for bitcoin (BTC) linked businesses to register with the Undersecretariat of State Taxation, according to reports on July 14, 2021. дальше »
2021-7-15 19:00 | |
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Bitcoin Lightning Network Reaches Record Capacity
Bitcoin’s second layer payment protocol Lightning Network has been expanding unnoticed by most users. First proposed in 2015 and launched in 2018 as a beta, its adoption and capacity have accelerated during the past few months. дальше »
2021-7-14 01:00 | |
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Africa Will ‘One Day Have a Common Currency’ Says Secretary General of African Continental Free Trade Area
The secretary-general of the African Continental Free Trade Area (AFCFTA) secretariat, Wamkele Mene, says Africa will “one day have a common currency” via a proposed “Pan-African Payment and Settlement System (PAPSS). дальше »
2021-7-13 12:30 | |
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Vietnamese Government Planning to Conduct CBDC Pilot
Vietnam has become the latest country to explore central bank digital currency (CBDC), although the government has said that a sovereign digital currency would not replace the country’s fiat. Vietnam’s Proposed Digital Currency not a Cash Replacement According to Nikkei Asia on Monday (July 12, 2021), the decision by the Vietnamese government to explore theRead More дальше »
2021-7-13 23:00 | |
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Someone proposed a tool to reorg Ethereum blocks. But its “too dangerous” and “shouldn’t exist”
The Ethereum network faces a potential crisis through plans to increase the power of miners to re-organize the blockchain. The post Someone proposed a tool to reorg Ethereum blocks. But its “too dangerous” and “shouldn’t exist” appeared first on CryptoSlate. дальше »
2021-7-10 04:00 | |
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Why Bitcoin Lightning Network being pronounced dead might be premature
When Bitcoin was first proposed by Satoshi Nakamoto, the very first public criticism it received revolved around its scalability potential. Fast forward to 2021, and scalability is still the biggest pThe post Why Bitcoin Lightning Network being pronounced dead might be premature appeared first on AMBCrypto. дальше »
2021-7-9 21:30 | |
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Argentine workers may start receiving payments in Bitcoin (BTC) soon
Argentine Congressman José Luis Ramón has presented a bill that will enable businesses to pay their workers in Bitcoin (BTC/USD). According to the proposed bill, service exporters and other employees will be allowed to receive their salaries and wages in Bitcoin, either as partial payment or as full payment. дальше »
2021-7-9 18:04 | |
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Argentine Lawmaker Floats Bitcoin (BTC) Payments Bill
Argentina’s Jose Luis Ramon has proposed a bill aimed at making it possible for workers to get paid in bitcoin (BTC) and other cryptocurrencies. Ramon says the idea behind the move is to help Argentine workers maintain the purchasing power of their funds, and also strengthen their autonomy. дальше »
2021-7-8 13:00 | |
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El Salvador’s Bitcoin mine could earn over 20,000 BTC ($750 million) a year
El Salvador’s proposed Bitcoin mine could earn hundreds of millions of dollars each year given the current network state, a top miner pointed out in a tweet today. The post El Salvador’s Bitcoin mine could earn over 20,000 BTC ($750 million) a year appeared first on CryptoSlate. дальше »
2021-7-6 13:00 | |
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How El Salvador Could Issue Digital Bond To Strengthen Bitcoin Law
Per a Bloomberg report, Canada-based company Blockstream will aid El Salvador in its effort to implement its Bitcoin Law. The company has proposed the national government issue digital bonds backed by U. дальше »
2021-7-4 21:54 | |
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Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule
Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. дальше »
2021-7-3 06:30 | |
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Spain: Ruling Party Proposes the Creation of a National Digital Currency
The Spanish are now showing interest in joining the central bank digital currency (CBDC) bandwagon. Spanish Political Party Proposes CBDC According to a report by Spanish newspaper El Economista, the Spanish Socialist Party (PSOE) – the governing political body in Spain – has proposed the creation of a Spanish CBDC. For the uninitiated, the PSOERead More дальше »
2021-6-30 17:00 | |
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Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year
Indian households are known for their affinity for gold but 2020 brought in a notable shift in investment allocation. While Indians own more than 25,000 tons of gold, investments in cryptocurrencies soared from about $200 million to almost $40 billion in the past year despite a proposed trading ban and outright hostility toward the asset […] The post Are cryptocurrencies the new gold in India? Investors bought $40B in cryptos last year appeared first on Invezz. дальше »
2021-6-28 16:25 | |
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Bitcoin as legal tender – Paraguay follows El Salvador’s lead
South American nation, Paraguay, has proposed a bill that will legally recognize Bitcoin (BTC/USD) as its official currency. The move is coming after El Salvador made a similar proposal, making Bitcoin legally accepted for the payment of goods and services. дальше »
2021-6-27 11:55 | |
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