2021-8-10 23:32 |
A high-stakes cryptocurrency amendment has failed to achieve unanimous consent in the U.S. Senate
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On Monday, the US Senate rejected a bipartisan amendment to the infrastructure bill that involved reporting crypto gains to the IRS, CNBC reported. The amendment would have defined brokers as entities who would have to report these earnings as income in a 1099 form.
2021-8-11 16:25 | |
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While Sen. Cynthia Lummis vows to continue fighting for the favorable crypto amendment, there might not be enough time left to pass it
2021-8-9 07:58 | |
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Tesla chief has commented on a tread by the Coinbase CEO where the latter slams the new crypto tax provision and an amendment suggested to it recently
2021-8-7 10:47 | |
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“Bewildering is an understatement for what is unfolding in the US Senate around the crypto-related provisions of the infrastructure bill,” says Sheila Warren, Head of Blockchain and Digital Assets at...
2021-8-7 18:05 | |
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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 […]
2021-8-7 16:55 | |
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In the US, there is always a proposal on the table to erode consumer privacy in one way or another. A new amendment to the 2001 Patriot Act can have very dire consequences indeed. It is expected that the 2001 Patriot Act will be renewed by the US Senate later today.
2020-5-16 05:00 | |
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The chairman of Senate Banking Committee said the US couldn't possibly ban Bitcoin (BTC) as it may be illegal. It demonstrates how immune the network is.
2019-7-31 17:33 | |
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Italian Government Makes An Important Step As It Introduces Blockchain Regulation For The First Time Italia, which has not regulated its crypto and blockchain space so far, has made some important steps in order to do it recently.
2019-1-24 21:49 | |
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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.
2018-11-27 21:32 | |
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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.
2018-8-23 23:03 | |
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