Putin signs law exempting crypto sales and crypto mining from VAT in Russia

Russian President Vladimir Putin has signed a significant law that officially recognizes digital currency as a form of property, reshaping the legal landscape for crypto operations in the country and allowing use in foreign trade settlements.

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Shanghai court recognizes crypto as property but bans business activities

The Shanghai High Court has ruled that cryptocurrencies possess “property attributes” under Chinese law, affirming their value as virtual commodities. However, the court upheld China’s strict prohibition on using crypto for commercial activities such as token issuance and speculative trading,…

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South Korean divorce law now recognizes cryptocurrencies as marital property

South Korean courts now recognise cryptocurrencies as divisible marital assets in divorce cases.

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Kraken denies SEC claims, argues digital assets aren’t securities: Law Decoded

Kraken rejects the SEC’s securities allegations, Brazil lifts the freeze on Starlink’s bank account, the UK clarifies crypto property rights, and Coinbase backs NFT’s legal defense.

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UK High Court recognizes Tether’s USDT as property in landmark ruling

In a pivotal decision, the High Court of Justice for England and Wales has officially recognized Tether’s USDT, the world’s largest stablecoin by market capitalization, as property under English law.

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UK Parliament proposes legislation to recognize digital assets as personal property

The Law Commission of the United Kingdom (UK) Parliament introduced the Property (Digital Assets, etc. ) Bill on Sept. 11 to recognize digital holdings legally. The proposed legislation deems crypto, non-fungible tokens (NFTs), and carbon credits personal property under British law.

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UK introduces new bill clarifying crypto as personal property

UK’s new bill recognises Bitcoin and other digital assets as personal property. Under the new law, crypto owners will enjoy greater legal protection. The UK parliament has introduced a new bill that clarifies digital assets ownership by recognizing Bitcoin and other crypto assets as personal property.

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UK presents bill to recognize crypto as personal property

U.K. authorities plan to clarify how to classify cryptocurrencies under a new bill. According to an official government notice, the British Parliament received a proposal to recognize digital assets as personal property under English law. The proposed bill would assign…

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UK to Label Crypto as Property: What Does It Mean?

The UK Law Commission proposes that cryptocurrencies fall under a new category of property with its own protections. The post UK to Label Crypto as Property: What Does It Mean? appeared first on BeInCrypto.

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England’s Law Commission suggests recognizing crypto as property

The Law Commission of England and Wales initiated a consultation on proposed legislation to classify cryptocurrencies and NFTs as property.

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England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property

The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.

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How Crypto Might Shake Up England’s Ancient Property Laws

The Law Commission of England and Wales is exploring how digital assets should be treated under existing and new legislation, and its suggestions may upend centuries-old legal norms.

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Litecoin Gains Extra Footing in China as Beijing Court Finds It Protected by Property Law

Judgment was made by court as result of appeal

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Law Commission of England Proposes New Form of Property For Bitcoin

The proposal from England’s Law Commission outlines a new form of property for digital assets, custodial operations, and a framework for legal proceedings.

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England Law Commission recommends reforming property laws for digital assets

The Law Commission of England and Wales has proposed reforming existing laws, especially private property law, to protect cryptocurrency users and maximize the potential of the technology. The post England Law Commission recommends reforming property laws for digital assets appeared first on CryptoSlate.

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UK Law Commission Sees Crypto as a New Type of Property

The U.K. Law Commission wants to bring crypto and NFTs under the country’s personal property laws, which could protect investors against losses through hacks and scams.

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Law Commission of England and Wales Sees Crypto as a New Type of Property

The U.K. Law Commission wants to bring crypto and NFTs under the country’s personal property laws, which could protect investors against losses through hacks and scams.

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A life after crime: What happens to crypto seized in criminal investigations?

Like with any kind of property, law enforcement has the right to sell your coins and spend the money.

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Shanghai Court Recognizes Bitcoin as Virtual Property

The Minhang District Court of Shanghai declared Bitcoin to be a virtual property protected by Chinese law. This isn’t the first time that the court has ruled that cryptocurrency assets should be protected in regard to Chinese regulations on property ownership.

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Chinese Court Case Suggests That Bitcoin Is Virtual Property Protected by Law

A Shanghai court considers cryptocurrencies as digital properties, protecting associated contracts and agreements

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Bitcoin is Now Cash According to a New Proposed Law

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Russian Lawmakers Move to Allow Crypto Payments Under Contracts

Members of the State Duma are now working on amendments that will permit the use of cryptocurrency as a contractual means of payment. Digital financial assets are regarded as property under Russian law and the changes will legalize crypto payments between parties to a contract.

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Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament

Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation.

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Russia introduces draft law to tax cryptocurrency as property

Russia’s State Duma Committee has begun preparing new legislation for cryptocurrencies. According to an official announcement made earlier today, the country’s lawmakers noted the introduction of The post Russia introduces draft law to tax cryptocurrency as property appeared first on AMBCrypto.

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Russian Government Officials Have to Declare Cryptocurrency Savings While Cases of BTC Bribes Are Being Reported

In the Russian Federation civil servants are now obliged to declare their savings in crypto as the new law classifies crypto as property and bans it as a payment option

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Lysander Spooner: Natural Law – The Science of Justice

The science of mine and thine – the science of justice – is the science of all human rights; of all a man’s rights of person and property; of all his rights to life, liberty, and the pursuit of happiness.

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Law Decoded: Independence Day Sees Challenges to Privacy, Property and Security, June 26–July 3

Bitcoin isn’t property under new Russian ruling while authorities in the U.S. and the EU challenge encrypted networks in this week’s Law Decoded.

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President of Kazakhstan signs decree banning cryptocurrency turnoever

Kazakhstan adopted a law on the regulation of cryptocurrencies. Bitcoin is recognized as property, but its issue, circulation and use as a means of payment is prohibited.

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China’s Civil Law Could Enable Citizens to Inherit Bitcoin

China’s Inheritance Law might soon be updated to include internet property and cryptocurrency, including Bitcoin. The draft bill is currently being reviewed by the government. New Inheritance Law to Be Part of China’s First Civil Code, and It Could Impact Bitcoin Recently, the Chinese parliament revealed the draft of its first civil code, which includes the protection of civil rights like property, personality, contract, marriage, infringement, and inheritance.

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Bitcoin (BTC) Sees Watershed Moment in China, And It’s Bullish

Bitcoin is “Property” Under Chinese Law Boom, Bitcoin (BTC) has just seen a watershed moment in China. Despite the fact that the nation’s regulators turned on cryptocurrency, enforcing heavy regulations about digital asset trading, events,.

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UK drafts collaborative plan to crack down on cryptocurrency crime

The UK government is seeking to crack down on the use of crypto assets for money laundering or other illicit activities. To do so, the government has published the Economic Crime Plan, agreed between the Chancellor Philip Hammond, Home Secretary Sajid Javid, and heads of law enforcement, major financial institutions and legal, accountancy and property organisations.

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Blockchain Tops the Patent Filings Mountain Over Other Technologies: Swiss Federal IPI Report

Greater Number of Patents Filed for Distributed Ledger Technology (DLT) If you want to know how innovative the blockchain technology is, you can easily see the number of patent filings related to technology.

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China Unbans Bitcoin? ‘Occasional’ P2P Exchange is Legal, Says Lawyer

“Sporadic” P2P Bitcoin trading is likely legal in China, a senior lawyer told the national press in unusually optimistic comments this week. Keep Bitcoin Exchange ‘Occasional’ in China Speaking to BJ News, Sa Xiao, Council Member at the Bank of China Law Research Association, argued that China’s current regulation of virtual property includes the right to trade it as the owner sees fit.

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Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

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Chancellor of British High Court, Sir Geoffrey Vos urges legal community to clearly define and identify crypto-assets

The Chancellor of the British High Court, Sir Geoffrey Vos, made headlines after he discussed the possibility of recognizing ‘crypto-assets as property,’ within the current stature of the law.

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China: Online Courts Using Blockchain Technology, AI to Streamline Operations

New technologies such as artificial intelligence (AI) and blockchain are increasingly being used in the law industry to make it more efficient and transparent, said Zhang Wen, president of Beijing Internet Court, at the China Intellectual Property Protection (CIPP) Forum 2019.

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Op Ed: We Just Launched the First Cryptocurrency-to-Tax Payment Partnership

Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canada’s premier digital currency platforms. His company is the first in Canada to partner with a government municipality.

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Op Ed: Bitcoin Is Turning Left vs. Right Into Big Data vs. Privacy

The political spectrum is usually divided into four main categories: libertarian left, authoritarian left, libertarian right and authoritarian right. Those on the left prefer a more controlled economy, while those on the right have a preference for free markets.

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QuadrigaCX Starts Bankruptcy Proceedings

It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.

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Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.

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Proposed Texas Bill Would Require ID Verification for Crypto Use

A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment.

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5 Essential Tips for Preparing Your Cryptocurrency Taxes

Paying taxes on Bitcoin and other cryptocurrencies is becoming a priority for individuals in the US after the IRS announced on July 2nd, 2018 that one of their core campaigns and focuses for the year is the taxation of virtual currencies.

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“Clear and Robust Strategy” Nets 0.023% Recovery of Bitfinex’s Hacked Funds (So Far)

According to an official statement published on February 25, 2019, Bitfinex has revealed that the United States government returned 27. 7 BTC (worth about $105,000 USD) to the exchange, as part of restitution for a hack that was effected on the exchange back in 2016.

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Wyoming Passes New Friendly Regulations for Crypto Assets

The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets.

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Wyoming Recognizes Property Rights in Direct Ownership of Bitcoin and Digital Assets

Wyoming has become the first US state to empower the ownership of cryptocurrency by passing its second and third Senate readings of Bill SF0125. The bill will now go before Mark Gordon and could become law as early as the next week.

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Wyoming Becomes First State To Give Bitcoin Owners Full Property Rights

Cryptocurrency advocates are celebrating Friday after the US state of Wyoming passed a bill giving direct property rights to cryptocurrency holders. Wyoming Senate Passes Crypto Property Bill Bill SF0125 passed its second and third Senate readings February 13 and 14 respectively, and will now go before governor Mark Gordon for endorsement, becoming law as early as next week.

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QuadrigaCX Sent Deposits Allegedly Linked to CEO’s Widow, Mailed Withdrawals in Cash

For those QuadrigaCX users who were fortunate enough to have withdrawal requests honored, some appear to have received their funds through unconventional means. An anonymous QuadrigaCX user who corresponded with Bitcoin Magazine said that they received a bank deposit from Robertson Nova Consulting Inc.

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Elections Canada Consults With Political Parties on Crypto Donations

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

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New Wyoming Bill ‘SF0125’ Set To Make Crypto Custodianship Permissions With Banks Possible

It looks like Wyoming might become the first state in the United States to give banking permissions for crypto and digital assets after a new bipartisan law is passed. Bill SF0125, which was first showed to the lawmakers last Friday.

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