2022-3-26 14:36 |
The EU's landmark legislative package for governing crypto assets is moving on to the next stage of negotiations without the divisive provision seeking to restrict the use of proof-of-work crypto. origin »
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EU parliamentarians that supported the controversial provision seeking to limit proof-of-work crypto could make one last stand if the MiCA draft goes for a full parliamentary vote.
2022-3-24 20:26 | |
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On Monday, the much-anticipated Markets in Crypto Assets Regulation (MiCA) bill was enacted. It will concentrate on a coordinated strategy to crypto by all EU members. Because of its significant power consumption, the law originally included an indirect provision to prohibit proof-of-work mining.
2022-3-16 22:00 | |
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The proposed MiCA framework was voted through without a contentious provision seeking to limit the use of proof-of-work crypto.
2022-3-15 23:13 | |
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The Economic Committee of the EU has voted against the MiCA provision to effectively ban Proof-of-Work (PoW) crypto. During the weekend, it was feared that the provision would pass as it appeared to have majority support.
2022-3-15 18:37 | |
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"Strong support for MiCA is a strong signal from the EU Parliament for a technology-neutral and innovation-friendly financial sector," said Stefan Berger.
2022-3-8 23:00 | |
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A leaked draft has drawn criticism for including a provision that sought to ban the use of cryptocurrencies that rely on proof-of-work.
2022-3-1 17:36 | |
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A provision originally included in the bill had critics saying the Treasury Secretary would not have had limits on surveilling crypto firms suspected of illicit transactions, nor open the matter to include public feedback.
2022-2-5 01:25 | |
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Representative Ted Budd stated that the provision would let the Treasury unilaterally prohibit certain financial transactions without public input.
2022-1-30 23:30 | |
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In the past three weeks, two of the biggest names in DeFi – Andre Cronje and Daniele Sestagalli – have been hyping up crypto twitter on an upcoming collaboration project to be launched on Fantom.
2022-1-26 21:30 | |
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Decentralized Finance (DeFi) has experienced explosive growth in recent months. As crypto lending and decentralized liquidity provision continues to revolutionize the FinTech space, there are many projects built around the DeFi model.
2022-1-5 13:07 | |
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The infrastructure bill was recently signed into law but leading figures in the crypto industry have vowed to continue lobbying until the reporting provision for entities in the crypto industry is addressed.
2021-11-17 19:38 | |
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US senators Ron Wyden and Cynthia Lummis rush to tweak the controversial crypto provision, in an effort to narrow some of the new tax reporting rules outlined in the $1,2 trillion infrastructure bill President Joe Biden signed into law on Monday, Bloomberg reported.
2021-11-17 06:30 | |
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The Treasury Department is looking to add more crypto reporting requirements in the reconciliation bill. On the one hand, the Treasury wants to introduce more rules for cryptocurrency transaction reporting; on the other hand, the officials of the department have been telling media that the crypto community’s fear about tax provision in the $1 trillion […] The post Treasury Seeking More Crypto Reporting Requirements, Global Data-Sharing, in Reconciliation Package first appeared on BitcoinExchangeGuide.
2021-8-31 17:05 | |
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National-security officials are warning that the crypto provision in the $1 trillion bipartisan infrastructure bill proposal could push illicit cryptocurrency transactions into markets where the US government has no reach, reported the WSJ.
2021-8-26 15:55 | |
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While the Treasury Department yet again tries to assuage the crypto community’s concerns, Jerry Brito of CoinCenter says there’s “little comfort” in it. The post US Treasury says Crypto Community’s Fear About Tax Provision in the Infrastructure Bill is Unwarranted first appeared on BitcoinExchangeGuide.
2021-8-25 16:37 | |
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Decentralized Finance (DeFi) has experienced explosive growth in recent months. As crypto lending and decentralized liquidity provision continues to revolutionize the FinTech space, there are many projects built around the DeFi model.
2021-8-21 14:20 | |
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According to Zachary Kelman, Republicans and moderate Democrats may know the tax reporting requirements for crypto firms are impossible, but want to have a provision to fund some of the projects without raising taxes.
2021-8-18 22:00 | |
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The US Treasury Department is set to clarify what exactly entails “broker” for the purpose of reporting to the Internal Revenue Service after the crypto tax provision of the controversial $1 trillion bipartisan infrastructure bill was passed in its original form that overreaches to cover miners, developers, stakers, and validators to report information on clients […] The post US Treasury to Ease Crypto Concerns by Clarifying A ‘Broker’ Doesn’t Include Those Without Transaction Data: Report first appeared on BitcoinExchangeGuide.
2021-8-14 16:44 | |
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In an occurrence with effects yet to be fully determined, US democrats have objected to moves to make further amendments to the crypto tax provision in the infrastructure bill. The post Ted Cruz says crypto got ‘screwed’ after senate votes on infrastructure bill appeared first on CryptoSlate.
2021-8-11 20:00 | |
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The Bipartisan Infrastructure Bill, which includes a provision for stricter cryptocurrency taxation oversight, has recently been the cause of fervor in the US Senate and the cryptocurrency community.
2021-8-11 18:39 | |
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The bill as written has the potential to thrust every single transaction by U.S. crypto users into an invasive dragnet.
2021-8-24 19:47 | |
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In one of the earliest opposition to the move to adopt the provision of a crypto tax provision in the $1. 2 trillion infrastructure bill, United States Senator, Mike Lee, has raised concerns that the move would send more citizens below the poverty benchmark line.
2021-8-10 19:00 | |
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The U.S cryptocurrency community has spent the last week battling Congress over the proposed Bipartisan Infrastructure Bill that has a provision that defines “brokers” in the cryptocurrency industry as “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.” Along with the crypto […]
2021-8-10 17:42 | |
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Traders and investors in favor of using blockchain technology for online transactions are advocating against a tax law in advance of the Senate’s vote on the last passage of the planned package of $1.
2021-8-9 16:46 | |
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While the crypto community fights against the controversial bipartisan infrastructure bill that overreaches in its definition of the term “broker” in regards to crypto tax provision, popular decentralized finance project Yearn proposed funding a builder-first legal activism decentralized autonomous organization (DAO).
2021-8-9 03:13 | |
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The controversial bipartisan infrastructure bill with its crypto tax provision gained new supporters in the form of Tesla CEO Elon Musk, who tweeted early on Saturday, “This is not the time to pick technology winners or losers in cryptocurrency technology.
2021-8-9 02:11 | |
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The lack of regulations in the field of cryptocurrencies once again emerged as a pain point when the United States government released its proposed tax provisions, as part of the Infrastructure Bill.
2021-8-9 01:00 | |
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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.
2021-8-9 15:59 | |
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Twitter co-founder and Square CEO Jack Dorsey has rejoined the ongoing discussion regarding the crypto tax provision proposed as part of the Infrastructure Bill. The post Jack Dorsey Offers ‘Workable Simplification’ Regarding Crypto Tax Provision appeared first on BeInCrypto.
2021-8-8 13:17 | |
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Cardano (ADA) founder Charles Hoskinson recently addressed the new provision in the bipartisan bill that proposes stricter tax regulation on crypto transactions, intended to contribute to the historic infrastructure funding.
2021-8-8 22:00 | |
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It is no longer news that the US Senate plans to pass a new Bipartisan Infrastructure Bill that will cost an estimated $1. 2 trillion and has a provision that will see the cryptocurrency industry taxed to raise around $28 billion of the amount.
2021-8-8 17:48 | |
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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.
2021-8-7 13:34 | |
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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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The World Economic Forum has become the latest body to comment on the controversial US cryptocurrency tax provision. Expanded Crypto Provision Could Affect Industry Sheila Warren, the WEF’s Head of Blockchain and Digital assets has issued a statement about the expanded crypto tax policy by the US Senate.
2021-8-7 10:00 | |
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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.
2021-8-7 22:40 | |
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The administration’s public support of a restrictive amendment calls into question the original motives of the crypto provision.
2021-8-24 22:00 | |
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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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A White House-supported amendment to the controversial cryptocurrency provision in the infrastructure bill has seemingly divided the cryptocurrency community along tribal lines
2021-8-6 07:55 | |
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Republicans are far more likely than Democrats to oppose the draconian cryptocurrency provision in the infrastructure bill
2021-8-5 18:15 | |
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Meanwhile, senators Pat Toomey and Ron Wyden are calling to “fix” crypto tax provision in the bipartisan infrastructure bill. The post Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen.
2021-8-3 16:14 | |
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The Bank of Namibia (BON) is on course to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws.
2021-7-25 21:00 | |
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Orion Protocol, a layer 2 crypto solution for decentralization of liquidity sources, has today announced the introduction of its USDo (U. S. Dollar pegged) stablecoin. The coin is minted by staking ORN token and its purpose is a provision of additional utility to Orion’s native token, ORN.
2021-6-29 22:19 | |
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Unicrypt is a Defi platform launched in 2020 to ensure proper service provision in crypto. There was a need for a reliable crypto launchpad, which does not discriminate against projects. Unicrypt introduced a decentralized launchpad which has already helped over a dozen projects, including Graphlinq.
2021-5-26 20:59 | |
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The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification in the country.
2021-4-12 21:30 | |
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Ledger, popular for the provision of crypto cold wallets, has announced Ledger Enterprise Solutions' launching to serve institutional clients. The newly formed division will offer crypto custodial services for institutions such as Tesla and MicroStrategy, which have embraced Bitcoin in the recent past.
2021-3-16 21:15 | |
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Crypto Broker AG, a Zurich-based crypto brokerage firm, has secured a securities house license from the Swiss Financial Market Supervisory Authority (FINMA). A press release unveiled this news on February 1, noting that the license is an acknowledgement of the firm’s consistent professional approach toward crypto trading, liquidity provision, and financial innovation.
2021-2-1 17:14 | |
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The South African financial regulator has published a draft declaration of crypto assets as financial products. The regulator says South Africa has experienced “an exponential increase in the provision and use of crypto assets.
2020-11-22 15:30 | |
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The United States SEC has made amendments to its fundraising framework. The change could potentially make it easier for cryptocurrency companies to raise capital. The United States Securities and Exchange Commission (SEC) on Nov.
2020-11-4 16:31 | |
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The B2Broker new website and rebranding drive the company’s course of development to new peaks. The leader in crypto liquidity provision is confirmed! The New B2Broker Website: Even More OpportunitThe post New B2Broker website marks the start of a new era of development appeared first on AMBCrypto.
2020-10-20 16:15 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.