Rep. Byron Donalds pushes legislation to protect Trump’s Bitcoin policy from future reversals

The proposed legislation could solidify Bitcoin's role in U.S. financial strategy, potentially influencing future economic policies. The post Rep. Byron Donalds pushes legislation to protect Trump’s Bitcoin policy from future reversals appeared first on Crypto Briefing.

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Human Rights Leaders Pen Letter To US Congress For Responsible Bitcoin Legislation

The letter aims to enlighten the U.S. Congress on the global importance of Bitcoin as a tool for personal and financial freedom as regulators seek legislation.

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How Taper Talk, Repos, China And U.S. Legislation Are Impacting The Bitcoin Market

Discussing how potential tapering by the Federal Reserve, economics in China, U.S. legislation and more through a Bitcoin lens.

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After El Salvador, What Bitcoin Adoption Means For Africa

In its line-up after El Salvador signed into law legislation making Bitcoin its legal tender, Tanzania, an East African country with about 58 million citizens became the latest to express interest in embracing decentralized finance.

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American University Of Paraguay To Accept Tuition Payments In Bitcoin

The American University of Paraguay will accept bitcoin tuition payments, ahead of forthcoming bitcoin legislation in the country.

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El Salvador’s Opposition Party Files Lawsuit Against Bitcoin Legal Tender Legislation

An opposition party in El Salvador and some public members have filed a complaint against the government’s bitcoin legal tender law, which they view as unconstitutional. El Salvador’s Bitcoin Law Faces Pushback From Opposition Just days after the World Bank declined El Salvador’s request to provide technical assistance in the implementation of the bitcoin law, […]

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This will be another nudge for Bitcoin miners to use green energy

The American House of Representatives recently passed legislation requiring publicly listed companies to disclose Environmental, Social and Governance (ESG) metrics. The bill was passed by a narrow voThe post This will be another nudge for Bitcoin miners to use green energy appeared first on AMBCrypto.

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Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub

A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender.

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Why Nigeria Could Be The Next Nation To Embrace Bitcoin

There has been a high level of speculation on the next country that could massively adopt Bitcoin. El Salvador’s new law granting BTC legal tender status has caused excitement, after its approval many politicians and government officials around the globe have shown support for pro-BTC legislation.

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IMF Concerned About El Salavador’s Bitcoin Law Due To “Legal And Economic Issues”

Less than a week since El Salvador’s “Ley Bitcoin” has been approved by its national congress and the international financial organism is reacting. The International Monetary Fund (IMF) has expressed “economic and legal” concerns over the nation’s new pro-BTC legislation.

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Mexico lawmakers aim to follow the example of neighboring countries with proposed Bitcoin legislation

“We are going to lead the shift to crypto and fintech in Mexico,” said one senator.

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This Country Plans to Be the First to Accept Bitcoin as Legal Tender

Crypto Legal Tender El Salvador is beginning efforts to accept bitcoin as legal tender — making it the first ever sovereign nation to do so.   President Nayib Bukele announced that he would introduce legislation to accept the cryptocurrency as legal tender along with the US dollar, according to CNBC.

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New York’s Misguided Legislation To Pause Bitcoin Mining Won’t Stop The Industry

Legislation under consideration in New York to stop Bitcoin mining over environmental concerns won’t stop an increasingly-green industry.

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Bitcoin drops 10% after Indian government proposes new crypto ban

Today, Bitcoin dropped more than 10% after the Indian government proposed legislation for banning Bitcoin, according to Reuters. The post Bitcoin drops 10% after Indian government proposes new crypto ban appeared first on CryptoSlate.

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Crypto Pundits Say US Money Laundering Legislation Could Cripple Bitcoin Market

Prior to leaving office, Donald Trump and his administration proposed new rules that they said were aimed at taking on money laundering via cryptocurrency. The new rules would require financial firms to record the identities of cryptocurrency holders.

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Miami, New York City, Push to Overtake Wyoming in Bitcoin Innovation

Miami city authorities have passed a resolution that will make bitcoin (BTC) an integral part of the city’s financial ecosystem, as the legislation will make it possible for workers to get paid in BTC.

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Crypto Market Forecast: W/C 7 December 2020

A curated weekly summary of forward-focused crypto news that matters. This week - proposed new stablecoin legislation a potential game-changer in the US, Spark / XRP airdrop scheduled for the 12th, and Bitcoin holds steady over $19,000

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Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions

With the latest amendment to the legislation, Iran has become the first country to use cryptocurrencies at a state level for import funding. The Iranian Cabinet amended legislation to redirect digital currencies into the funding mechanism of the Central Bank of Iran (CBI) for imports, as per the report by the official The Islamic Republic […] The post Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions first appeared on BitcoinExchangeGuide.

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Iran Changes Law to Use Bitcoin For Imports

Iran has become the first country in the world to use cryptocurrencies at a state level for value exchange. The Iranian Cabinet has amended legislation to redirect cryptos into the...

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Spain Approves Bill Requiring Cryptocurrency Owners to Disclose Crypto Holdings and Gains

Spain’s government has reportedly approved a bill that requires cryptocurrency owners to disclose their crypto holdings and any gains on their assets. Spain’s Finance Minister and the government’s spokesperson, Maria Jesus Montero, said at a press conference following the weekly cabinet meeting that this bill is part of broader legislation to crack down on tax […] The post Spain Approves Bill Requiring Cryptocurrency Owners to Disclose Crypto Holdings and Gains appeared first on Bitcoin News.

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Spain Approves Bill Requiring Cryptocurrency Owners to Disclose Crypto Holdings

Spain’s government has reportedly approved a bill that requires cryptocurrency owners to disclose their crypto holdings and any gains on their assets. Spain’s Finance Minister and the government’s spokesperson, Maria Jesus Montero, said at a press conference following the weekly cabinet meeting that this bill is part of broader legislation to crack down on tax […] The post Spain Approves Bill Requiring Cryptocurrency Owners to Disclose Crypto Holdings appeared first on Bitcoin News.

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Bitcoin Community Reacts to Russia’s Criminalization of Undeclared Crypto Activity

Bitcoin is not welcome in Russia. The Central Bank of Russia, this year, put in place legislation that bans the issuance and circulation of cryptocurrencies. But officials in the country accept that an outright ban is unenforceable.

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Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus

Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first file an application for registration with […] The post Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus appeared first on Bitcoin News.

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New legislation could cause Bitcoin major problems in the US

The US Senate’s LAED Act could put a de facto end to Bitcoin use...

The post New legislation could cause Bitcoin major problems in the US appeared first on Coin Journal.

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Eight Countries That Don’t Tax Your Bitcoin Gains

As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes.

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Breaking : Crypto Trading is now legal in South Korea

In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours. Bitcoin is currently trading at 9080$.

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Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes.

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Tax Rules Hit Brazilian Crypto Exchanges, Forcing Trading Platforms Acesso Bitcoin and Latoex Out of Business

Tax regulations implemented even before dedicated legislation has been adopted have hit Brazilian cryptocurrency exchanges. Digital asset brokers failing to comply with the new reporting requirements face fines and the stricter rules are hurting smaller platforms, which are shutting down due to dwindling trading volumes.

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Bitcoin exchange and derivatives platform BTSE moves to BVI

BTSE, a Dubai-originated crypto exchange and derivatives platform, revealed that it has moved its business operations to the Britsh Virgin Islands (BVI). The company says that since it had not seen concrete progress from Dubai regulators in actualizing real legislation, it no longer wanted to deal with the uncertainty.

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US Politicians Want to Ban End-to-End Encryption on Messaging Services like Telegram and Whatsapp

Under the guise of fighting against online child pornography, American politicians are trying to effectively ban end-to-end encryption on all communication technology platforms for everyone. Newly proposed legislation could force companies like Apple, Google and Facebook to create back doors on their services to make sure law enforcement can easily monitor everything they want or […] The post US Politicians Want to Ban End-to-End Encryption on Messaging Services like Telegram and Whatsapp appeared first on Bitcoin News.

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South Korean Authorities Formulate Legislation to Boost Mainstream Bitcoin Adoption

South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report.

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Mining Pool Simplecoin and Interactive Faucet Chopcoin Shut Down Due to EU Regulations

Like crypto payments provider Bottle Pay, mining pool Simplecoin and interactive bitcoin faucet Chopcoin are shutting down in light of restrictions imposed by EU anti-money laundering legislation, AMLD5.

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Libra Testnet Fails to Impress as New Legislation Looms

A November 15 blog post by Libra project developers detailing testnet developments has apparently failed to impress government regulators and influential voices in the space alike. CEO of blockchain company R3, David Rutter, commented at a London conference last week that “what they did was ridiculously stupid,” going on to call the announcement and approach […] The post Libra Testnet Fails to Impress as New Legislation Looms appeared first on Bitcoin News.

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3 Reasons Why NEO is Surging Right Now

NEO price has reawakened again, rising to above $12 counter to the trend of Bitcoin (BTC) and other altcoins. This is the second significant run for the project following the recent announcement that China was taking a more lenient policy on crypto assets and planning new legislation in 2020.

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Russia Wants to Be Able to Seize Cybercriminals’ Bitcoin

Russian regulators will begin developing proposals for legislation allowing confiscation of crypto assets seized in crime investigations.

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Chinese Crypto FOMO is Bigger than Bakkt, Libra, ETFs Combined

Crypto markets have had one of their best performing weekends this year and the momentum is all coming from the same place. Chinese crypto assets are surging at the moment following recent comments by President Xi and new cryptography legislation to promote blockchain technology.

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Illinois congressman says Bitcoin transactions are ‘kind of traceable now’

At a panel discussion conducted by the Chamber of Digital Commerce on October 21, Illinois congressman and member of the Congressional Blockchain Caucus, Bill Foster, spoke on cryptocurrency legislation and his experience with policymakers.

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Brexit Cat Still Moves Not, Nor Does Bitcoin

Parliament has passed an amendment that said they will not support a deal until all the surrounding legislation for withdrawal is passed. The vote was very close, 322 for the... The post Brexit Cat Still Moves Not, Nor Does Bitcoin appeared first on Trustnodes.

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Bithumb Global Plans to Lobby Indian Government for a Regulated Cryptocurrency Exchange

India is the first country to propose going as far as passing legislation to ban the use and custody of cryptocurrencies. In an attempt to open the Indian government’s eyes to the potential of public ledger cryptocurrencies, Bithumb has set out to launch a regulated exchange in India, as per the Economic Times, October 3, 2019.

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The Crypto Custody Conundrum: What Are We Even Talking About?

New tech usually struggles with vocabulary, says Noelle Acheson. With bitcoin, the confusion rubs off integral concepts in securities legislation.

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Crypto Salaries Gain Regulatory Recognition Around the World

Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well.

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These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes

Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much as flinching.

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PundiX Partners with Chainzilla to Boost Cryptocurrency Payments in Panama

According to an official announcement made on August 13, Panama-based blockchain startup Chainzilla has teamed up with Pundi X to integrate the Pundi X cryptocurrency payment solution XPOS in the region.

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U.S.: Legislation Realizes Bitcoin Is Harder To “Ban” Than They Thought

Despite the fears of some that regulations would be the reason why cryptocurrency falls, and the “bubble” pops, an article by Forbes published on July 30th, 2019 reports that U. S. lawmakers have finally concluded that this wouldn’t be possible.

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When Cash Is Banned, Centralized Cryptos Are Not Going to Save You

Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.

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Bitcoin is Dying in This G20 Giant Because of its Suffocating Government

  It is quite evident by now that the government of India doesn’t like bitcoin in particular and cryptocurrencies in general. Regulators in the country have officially clamped down on bitcoin and other cryptocurrencies, with a draft legislation making it clear that holding, buying or selling cryptocurrencies in the country is a crime.

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The United States Seeks to Prohibit Big Tech from Banking and Finance

A copy of draft legislation barring big tech from entering the banking industry and providing financial services has been doing the rounds. It is believed that this draft has been circulated amongst the House Financial Services Committee’s Democratic majority.

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US Congressman Proposes Protection For Crypto Forks

When it comes to dealing with emerging technologies, the IRS tends to move slowly — too slowly for Congressman Tom Emmer, one of the leading advocates for digital assets on Capitol Hill. The Minnesota Republican has reintroduced legislation to provide a “safe harbor” for holders of forked cryptocurrencies, such as Bitcoin Cash and Bitcoin SV.

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New ECB Boss Christine Lagarde Could Enact Bitcoin Friendly Legislation

Bitcoin and crypto-supportive legislation could be on the way now that Christine Lagarde has been selected to serve as the new European Central Bank president. Will the ECB Support Bitcoin? Recently nominated European Central Bank (ECB) president Christine Lagarde has a history of making statements which cryptocurrency investors interpret as being supportive.

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