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How Governments Mining Bitcoin Could De-Risk Cryptocurrency
There’s seemingly a constant conversation, particularly with those involved in legacy financial institutions, about how cryptocurrency can be – to a certain degree – “de-risked. ” Can government mining, or merely taxation structure, address this? While many traditional financial players that are not crypto-first, but are crypto-adjacent (take Visa as a prime example) are relying on the use of stablecoins like USDC as their main pillar of transactions, there are other conversations happening about how crypto risk can be managed. дальше »
2021-8-9 01:18 | |
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Jack Dorsey has a 'workable simplification' for crypto tax provision
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. дальше »
2021-8-9 01:00 | |
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Meet 13-Year-Old Indian Whiz Kid Managing Millions Of Dollars In Crypto
Even as the Indian government is not ready to accord cryptocurrencies any space in the Indian financial system, the strength of the innovative technology behind cryptocurrencies is showing up in most unexpected places. дальше »
2021-8-9 15:45 | |
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A Recap Of Regulatory Season In Crypto
It’s an open season when it comes to crypto regulation. The government of different countries continues to announce regulations for cryptocurrencies and their trading. These regulations could either be in favor of or against cryptos. дальше »
2021-8-9 02:00 | |
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Here’s What Happens To All Of The Crypto Assets The IRS Seizes
Crypto continues to be a controversial asset when it comes to the law and crime. Just this fiscal year alone, the IRS has seized $1. 2 billion worth of cryptocurrency. The U. S. government started seizing crypto assets during the Silk Road shutdown of 2013. дальше »
2021-8-7 20:00 | |
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Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month
Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions. дальше »
2021-8-7 16:16 | |
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New Innovations In Blockchain And Insurance—MA Insurance Agreement
DeFi Derivatives: Blockchain Insurance Major countries around the world are speeding up the layout of blockchain, and blockchain has also received close attention from various government departments. дальше »
2021-8-7 17:15 | |
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US Government Looks to Increase Revenue By $30 Billion Via Cryptocurrency Taxes
The US government is looking to raise revenue through cryptocurrencies taxation. A new bipartisan $1. 2 trillion infrastructure bill in Congress intends to raise an estimated $28 billion from cryptocurrency tax enforcement measures as one of its financing mechanisms. дальше »
2021-8-2 17:51 | |
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Indian Government Working on Blockchain Framework to Ease Startup Compliance
Indian government agencies are contemplating leveraging blockchain technology to mitigate compliance burdens on startups, a report by Inc42 claims. Using Blockchain to Ease Startup Compliance In a bid to make it easier for startups to deal with compliance and regulatory hurdles, some Indian government agencies are mulling a move to distributed ledger technology (DLT). Specifically,Read More дальше »
2021-8-1 07:00 | |
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Is Polkadex on the Right Path with Decentralized KYC?
The crypto industry is seeing more and more headlines about tighter government restrictions. On July 20 the European Commision (executive branch of the European Union), announced that a new proposal would result in tighter regulation for the cryptocurrency industry—in particular, regulation around anonymous wallets and transactions. дальше »
2021-7-30 20:00 | |
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India Still In Denial Mode Regarding Cryptocurrencies
The Indian government is in complete denial about cryptocurrencies. Replying to a question by a member of parliament (MP), Finance Minister Nirmala Sitharaman informed parliament on July 27 that the Indian government does not collect any data on the cryptocurrency market. дальше »
2021-7-30 18:19 | |
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The Israeli government mulls tracking crypto holdings worth over $61K
Israel’s government is bolstering its strategies in the fight against tax evasion and money laundering. A report unveiled this news earlier today, citing a new draft bill published by the country’s Finance Ministry. дальше »
2021-7-30 18:14 | |
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On Curbing Market Manipulation, Sen. Warren Tells Why She’s Skeptical Of Bitcoin As An Inflation Hedge
The cryptocurrency market requires tighter regulation to benefit small-scale investors and enable the government to push back on the whale-ridden market, according to Senator Elizabeth Warren. The Chair of the Senate Banking Subcommittee made the remarks during an interview with CNBC, adding that heavy money movers often manipulate the price of crypto assets like bitcoin […] дальше »
2021-7-29 17:47 | |
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Kazakhstan to Reportedly Let Banks Open Cryptocurrency Accounts
The government of Kazakhstan would soon reportedly allow financial institutions to offer banking services to cryptocurrency exchanges in the country to facilitate crypto transactions. Local Banks to Service Crypto Exchanges The report by the Astana Times which mentioned the Data Center Industry and Blockchain Association of Kazakhstan as the source stated that crypto-based businesses wouldRead More дальше »
2021-7-28 23:00 | |
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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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Tether (USDT) faces criminal probe in the US, report says
Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The post Tether (USDT) faces criminal probe in the US, report says appeared first on CryptoSlate. дальше »
2021-7-27 02:01 | |
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Blockchain Australia Submits Crypto Regulatory Recommendations to Parliament
Blockchain Australia, a leading crypto advocacy group, has written to the Australian government stating three key recommendations that it believes would expand the growing blockchain industry. Safe Harbor for Crypto-Asset Providers The crypto organization submitted its recommendation to the country’s Senate Select Committee on Australia as a Technology and Financial Centre on Friday, July 23,Read More дальше »
2021-7-26 21:00 | |
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South Korea Proposing Revision of Tax Code to Allow the Confiscation of Crypto Assets of Tax Dodgers
South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year. дальше »
2021-7-26 17:27 | |
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New rules could permit Korean gov’t to seize tax evaders’ crypto
South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their personal wallets. дальше »
2021-7-26 12:02 | |
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Protests Erupt In El Salvador Over The Government’s Bitcoin Law
After garnering the approval of a supermajority in parliament, El Salvador enacted its Bitcoin Law, essentially becoming the world’s first country to adopt bitcoin as legal tender. The Bitcoin Law was passed just hours after President Nayib Bukele first revealed his intentions to introduce it. дальше »
2021-7-25 20:18 | |
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Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners
The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor. дальше »
2021-7-24 11:00 | |
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Decentralization & Gamification: Pushing The Online Fitness Industry Needs
COVID-19 was a terrifying time for many people worldwide, with important businesses and industries suffering significant setbacks. Some even had to shut down their operations due to the lockdown imposed by almost every government. дальше »
2021-7-24 23:38 | |
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Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024
Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. дальше »
2021-7-23 13:00 | |
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South Korea: Crypto Exchanges Must Register in 2 Months, Warns FSC
The South Korean government’s top financial regulator warned Thursday that foreign cryptocurrency exchanges that target Koreans would risk banned access to their websites as well as criminal investigations unless they register with the country’s anti-money laundering authority. дальше »
2021-7-23 23:00 | |
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'Time for India's CBDC is nigh,' but why is the RBI keeping Bitcoin at bay
The Indian cryptocurrency community is fighting the lack of regulatory clarity actively, but the government seems to be more enthused about the development of its digital rupee. Today, the Reserve BanThe post 'Time for India's CBDC is nigh,' but why is the RBI keeping Bitcoin at bay appeared first on AMBCrypto. дальше »
2021-7-22 18:30 | |
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Georgian Government Embraces Blockchain to Promote Its Wines Globally
As Georgia seeks to bring its millennia-old wine industry into the 21st century, it is collaborating with blockchain platform Wiv to put the nation’s winemakers in front of a global audience of wine collectors, producers, and merchants. дальше »
2021-7-21 10:00 | |
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WiV Technology And The Government Of Georgia Sign Agreement To Increase Georgian’s Wine Global Presence
WiV Technology, an award-winning fintech platform for unique assets such as wines and spirits, has signed an agreement with the government of Georgia to increase Georgian wine’s global presence. Through this agreement, WiV will be tasked with moving Georgia’s wines and their provenance on its empowered platform. дальше »
2021-7-21 22:48 | |
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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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Rising Debt Levels
Government and private sector debt has risen sharply amid elevated fiscal spending and slow economic growth during the pandemic. дальше »
2021-7-25 13:00 | |
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Reports Show China Lost Bitcoin Hash Power Before Conducting The Crackdown
In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China’s action led to a […] дальше »
2021-7-20 01:20 | |
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French government pushes for one agency to regulate crypto across the EU
The proposal would result in uniform regulations for digital currency across the EU.
дальше »2021-7-20 00:00 | |
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Hopes of India’s Crypto Bill Dashed as Govt Doesn’t List for Parliament Discussion
Betraying the hopes of the crypto industry that the Indian government will introduce the cryptocurrency regulation bill in the upcoming Monsoon session that kicks off on July 19, 2021, the list of bills that may tentatively be taken up does not include cryptocurrency bills. дальше »
2021-7-20 19:56 | |
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Why the Craze for Central Bank Digital Currencies is Alarming for the General Cryptocurrency Market
Over the years, central banks have been dropping hints about making their own digital currencies. The updates have come not long after independent digital currencies like Bitcoin and Ethereum were tagged threats by the governments of these countries; some of which include China and India, and more recently, the U. дальше »
2021-7-19 21:08 | |
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Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U. S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. дальше »
2021-7-18 14:00 | |
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Is El Salvador Planning To Release A CBDC As This Local Newspaper Suggests?
Is El Salvador about to break every Bitcoiner’s heart? Or is this fake news? The government is ready to unleash its own CBDC, according to Salvadoran digital newspaper El Faro. The Colon-Dollar is the tentative name. дальше »
2021-7-18 22:50 | |
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Major U.S. City Mayor Advocates Bitcoin As A Fix For Inflation
U. S. City Mayor Scott Conger recently posted on Twitter his belief that Bitcoin will fix inflation. His tweet which called out the U. S. federal government consisted of a couple of questions for the government regarding inflation. дальше »
2021-7-17 02:00 | |
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US Government Offers Cryptocurrency in ‘Rewards for Justice’ Program
The U. S. Department of State’s Rewards for Justice program is offering a reward of up to $10 million “for information on foreign malicious cyber activity against U. S. critical infrastructure. дальше »
2021-7-16 17:30 | |
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Why Does Bitcoin Turn Bearish as Inflation Spike?
Bitcoin price once again tested the $33,000 level but failed – the biggest cryptocurrency by market cap is now hovering at $32,500 and well below the 55 simple moving average (4-hours). Meanwhile, the stock markets continue to make new highs and the United States economy makes a remarkable recovery, with the latest government data showing […] дальше »
2021-7-17 16:42 | |
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US government to offer bounties of up to $10M to curb ransomware attacks
The US government is planning to curb the prevalent use of cryptocurrencies in settling ransomware transactions. A report unveiled this news earlier today, citing people familiar with the matter. дальше »
2021-7-16 00:26 | |
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US government delves deeper into crypto accountability with $10M bounty
The Biden administration reportedly intends to ramp up efforts to trace cryptocurrency payments.
дальше »2021-7-15 19:06 | |
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Cyprus Government Set to Draft Crypto Regulatory Bill
Cyprus Securities and Exchange Commission (CySEC) is in the advanced stages of drafting new crypto-assets regulations. Cyprus Working On Cryptocurrency Regulatory Bill CySEC Chairwoman Demetra Kalogerou revealed this development at a conference on Wednesday. дальше »
2021-7-15 13:00 | |
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