2023-9-9 22:03 |
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8. origin »
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Some worry sharing information about foreign crypto holdings is unjustified snooping – but lawmakers also reckon blockchain technology could aid tax collection.
2022-4-22 10:42 | |
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In addition to air and water pollution as a result of energy production, the lawmakers pointed to electronic waste from mining rigs, and noise pollution in surrounding communities.
2022-4-22 23:15 | |
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Online onslaught unleashed by members of the cryptocurrency community has attracted strong criticism from lobbying groups
2022-4-7 19:17 | |
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Hey folks. We’re still talking central bank digital currencies and digital dollars, so this week's State of Crypto has some quick and vaguely unhinged thoughts on recent actions and statements on this front.
2022-4-6 22:47 | |
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Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in the United States Called the “Commercial Digital Asset Mining Act of 2022,” the proposed bill would see the state provide various incentives to businesses in “innovative technological industries” that set up shop in Oklahoma.
2022-4-5 22:00 | |
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European Union lawmakers have voted in favor of a law that will ban privacy-based crypto transactions in exchanges. However, the crypto community is strongly against the move, with many saying it would stifle the industry’s growth potential.
2022-4-1 17:54 | |
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EU lawmakers voted in favor of stricter rules on the transfer of funds to unhosted crypto wallets on Thursday. The post EU blunder on unhosted crypto wallets will cost the region dearly appeared first on CryptoSlate.
2022-4-1 15:00 | |
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While supporting crypto mining companies, the Russian lawmakers are still not sure whether they should ban individuals from mining crypto.
2022-4-1 22:30 | |
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CFTC Chair Rostin Behnam told House lawmakers Thursday his agency was giving a FTX. US proposal on directly clearing customers' derivatives trades serious consideration. He suggested the FTX idea could improve market efficiency, though he said he didn't yet support the proposal.
2022-4-1 20:41 | |
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Ukraine’s use of crypto to secure valuable donations and the Biden Administration’s Crypto Executive Order will allow the industry to show how digital assets can be a force for good.
2022-4-1 16:30 | |
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The move by lawmakers Thursday is set to end even the smallest anonymous crypto transactions, and could see unregulated exchanges cut off from the financial system.
2022-4-1 16:18 | |
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The UK’s Financial Conduct Authority (FCA) released a notice in 2019, condemning all crypto businesses to comply with their AML/CFT rules by 9 January 2021 and acquire their licenses. However, by December 2020, this deadline was still far from being met.
2022-3-31 06:30 | |
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Proposed anti-money laundering rules are up for a parliamentary committee vote on Thursday along with a separate provision seeking to end anonymous crypto transactions in the European Union.
2022-3-31 20:42 | |
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Lawmakers don’t appear swayed by crypto industry claims as they consider applying anti-laundering identification rules to the sector, but some argue their plans are unworkable or unlawful.
2022-3-29 23:08 | |
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The European Union will be moving ahead with the proposed Markets in Crypto Assets (MiCA) legislation. However, the legislation will not include a ban on proof-of-work mining. Proof-of-work is a consensus implemented by blockchains such as Bitcoin (BTC/USD) and Ethereum (ETH/USD).
2022-3-28 13:12 | |
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The European Parliament also wants to curb payments to tax havens and check people’s identity even for payments between unhosted wallets, internal papers reveal.
2022-3-26 21:32 | |
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Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1.
2022-3-26 20:00 | |
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A landmark law attempting to regulate crypto asset markets in Europe faces a key turning point, as lawmakers make a final call on banning Bitcoin-style validation and governments consider how to treat decentralized finance.
2022-3-24 18:22 | |
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Pete Sessions believes Bitcoin mining can help the US achieve energy independence. It comes as the conflict in Europe has pushed gas prices higher. Texas has become a hotspot for Bitcoin mining amid local political support.
2022-3-23 21:47 | |
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In a plea to EU lawmakers, the head of France’s anti-dirty money unit said the authorities should be able to access information about even small online transfers.
2022-3-23 21:16 | |
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Brad Sherman said the Biden administration should have the ability to tell crypto exchanges not to do “business with Russia-based crypto wallets” amid the situation with Ukraine.
2022-3-19 00:30 | |
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“Overattributing cybercrime to cryptocurrency misses critical causes and preventive measures which can be taken,” said former FinCEN acting director Michael Mosier.
2022-3-19 23:00 | |
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India's crypto community is hoping to convince lawmakers to pare down part of the bill, which includes a 30% tax on income generated from crypto transactions; bitcoin soared above $41,000.
2022-3-17 01:31 | |
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Take a closer look at what’s happening in the world of crypto with U.Today’s news digest!
2022-3-15 19:06 | |
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Lawmakers have praised U.S. President Joe Biden's sweeping executive order on digital assets.
2022-3-12 21:14 | |
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Much like other activity in the digital asset space, crypto lobbying has been picking up during the past year.
2022-3-5 16:12 | |
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Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctions The EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctions US Senators have asked Treasury officials, how they are overseeing digital assets in the wake of sanctions against Russia Lawmakers and officials in the European Union and the United States, have expressed growing concern that Russia may use cryptocurrencies to circumvent […]
2022-3-4 19:37 | |
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U. S. Senators Elizabeth Warren (D-Mass. ), Sherrod Brown (D-Ohio), Mark Warner (D-Va. ) and Jack Reed (D-R. I. ) and New York Governor Kathy Hochul addressed this concern in separate public statements Wednesday.
2022-3-3 22:01 | |
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The largest Latin American country could soon be the latest to regulate crypto, which lawmakers hope will increase its uses across the country.
2022-2-23 04:39 | |
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The state is expected to have 56,000 Bitmain miners operating by October as part of an agreement with Bitmain, ISW Holdings, and Bit5iv.
2022-2-19 01:30 | |
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Legislators have given their nod to the Ukraine crypto bill, making the use of crypto assets in the country easier as Ukraine teeters on the verge of a military confrontation with Russia. With 272 votes, the Ukrainian parliament gave its thumbs-up for the Law of Ukraine on Digital Assets.
2022-2-18 14:41 | |
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Dogecoin DOGE/USD is a meme-token that was initially developed as a joke to essentially make fun of the serious toke cryptocurrencies had at the time of its creation. However, ever since its creation, it has been praised and used by many influential people and has gained one of the strongest communities out there.
2022-2-17 14:04 | |
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As per local media reports, one of the leading Russian lawmakers has proposed a minimum 15% tax on crypto miners. The post Russian lawmaker proposes 15% tax on crypto miners appeared first on CryptoSlate.
2022-2-7 16:30 | |
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The relationship between cryptocurrencies and the people at Capitol Hill has not always been smooth. It however seems the rift could soon fade away as regulation talks pick pace with some politicians already developing interest in crypto assets.
2022-1-30 20:51 | |
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Russian lawmakers and administration are locking horns over the fate of the country's cryptocurrency sector, even as the threat of a blanket ban looms over its head. In the latest development, the RusThe post First Putin, now Finance Ministry: No crypto ban, rather regulation is the way to go appeared first on AMBCrypto.
2022-1-27 20:30 | |
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While we are unlikely to see immediate policy effects of the exchange, legislators got educated on a wide array of blockchain-related concepts and issues.
2022-1-21 19:06 | |
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United States lawmakers remain underinvested in crypto, but this is likely to change in 2022.
2022-1-19 19:54 | |
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“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the group's chairperson and MP Lisa Cameron.
2022-1-7 21:15 | |
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Direct exchanges between U.S. lawmakers and the crypto industry could be finally taking a constructive turn.
2021-12-14 03:20 | |
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Crypto Chiefs’ date with lawmakers at Capitol hill kicked off on Wednesday amid crypto markets struggling to gain a footing following last week’s sell-off and one thing was clear; they were determined to go down with their detractors.
2021-12-13 22:13 | |
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In their bid to better understand the crypto industry and its operations, US lawmakers invited the chief executive officers (CEO) of some leading crypto exchanges to a major hearing tagged “Digital Assets and the Future of Finance: Understanding Innovation in the United State.
2021-12-10 04:30 | |
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Dan Gallagher, the Chief Legal Officer at Robinhood, believes the US government will not form a regulatory framework for the crypto space anytime soon. He said this during an interview earlier today while discussing the likely outcome of six crypto executives testifying before lawmakers at Capitol Hill.
2021-12-10 00:40 | |
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"I want to do my job as ethically and impartially as I can," said AOC, who added that as a member of the House of Representatives’ Financial Services Committee she has chosen not to hold stocks or investments, including digital assets.
2021-12-7 19:04 | |
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South Korean National Assembly Strategy and Finance Committee approved an amendment to delay to 2023 the taxation that imposes an annual 20% capital gains tax for crypto trading with over 2.5 million Won (US$2,125) in earnings, just after the same taxation had been rushed to happen in 2022 as the lawmakers said postponing it would […]
2021-12-4 02:58 | |
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The long debate in the country’s legislature could soon be over meaning cryptocurrency gains made in South Korea may not be considered taxable events until 2023 at the earliest.
2021-11-30 04:36 | |
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The rollout of the Tourism Authority of Thailand’s TAT Coin is coming closer to fruition, and is now awaiting government approval according to local figures.
2021-11-27 07:00 | |
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Australia’s corporate watchdog ASIC Chair meanwhile is working with lawmakers to develop rules for crypto, which he said is “driven by extraordinary consumer and investor demand. ” The post Australia’s .
2021-11-22 18:09 | |
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While no longer the leader of the Democratic Party, Hillary Clinton's comments on crypto could have the potential to create more partisanship among lawmakers regulating digital assets.
2021-11-20 22:15 | |
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The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker.
2021-11-20 00:30 | |
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The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and taxpayers will use to report digital asset transactions. According to the Aug.
South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the…
South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying…
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as a payment method for U.S. taxes.
Can you take advantage of tax loopholes to avoid paying taxes on your digital currency exchanges? See three of the most common ones and why they don't work. The post 3 Common Cryptocurrency Tax “Loopholes” and Why They Don’t Work appeared first on CoinCentral.
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.