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US Senator says proposed crypto laws are a ‘huge mistake’
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. дальше »
2021-8-10 19:00 | |
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Ted Cruz Makes Shocking Reveal About Effects Of New Crypto Tax Rules As Jack Dorsey Pleads With Senate To Reconsider
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 […] дальше »
2021-8-10 17:42 | |
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It’s Not Over Yet! More Senators Come in Support as Crypto Continues to Fight Back
Over the weekend, the Senate voted 68-29 on the controversial bipartisan infrastructure bill to end the debate. However, the crypto community remains hopeful that the bill might get the amendment before the final vote on Tuesday. дальше »
2021-8-10 16:11 | |
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Infrastructure Bill Stalls As Discussion Focuses on Crypto Regulation
The United States Congress has been having trouble deciding on the infrastructure bill over debates on cryptocurrency regulation. The post Infrastructure Bill Stalls As Discussion Focuses on Crypto Regulation appeared first on BeInCrypto. дальше »
2021-8-9 10:25 | |
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Crypto Market Forecast: Week of August 9th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, Ethereum drives the market forward following the successful implementation of the London hard fork, and the U.S. Senate is poised to pass an infrastructure bill with major implications for the blockchain industry. дальше »
2021-8-14 06:00 | |
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Yearn’s Builder-First Legal Activism DAO Gets Full Support as Crypto Regulation Heats Up
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). дальше »
2021-8-9 03:13 | |
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Not the Time to Pick Winners or Losers in Crypto Tech, says Tesla CEO as Treasury Crusades Against the Industry
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. дальше »
2021-8-9 02:11 | |
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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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Infrastructure Bill and Crypto: Elon Musk Condemns ‘Disastrous’ New Amendment
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. дальше »
2021-8-9 15:59 | |
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Jack Dorsey Offers ‘Workable Simplification’ Regarding Crypto Tax Provision
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. дальше »
2021-8-8 13:17 | |
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Ukraine: New bill might soon make it 'quite legal to pay with cryptos'
While many countries are trying to ban cryptocurrencies due to economic concerns, Ukraine has taken a positive step towards legalizing cryptocurrencies. According to the Deputy Minister of Ukraine's MThe post Ukraine: New bill might soon make it 'quite legal to pay with cryptos' appeared first on AMBCrypto. дальше »
2021-8-8 03:30 | |
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Cardano (ADA) founder calls for action to combat Senate bill
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. дальше »
2021-8-8 22:00 | |
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Latest Pennsylvania Legislature Considers Cryptocurrency Task Force Bill
The State of Pennsylvania may soon empower a task force that will monitor the operations of cryptocurrency brokers in the State. The Bill has appeared in the General Assembly, and the Legislature is already mulling over it. дальше »
2021-8-9 19:00 | |
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Market Players Decry New Tax Bill That Could “Crush” Crypto Market
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. дальше »
2021-8-8 17:48 | |
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Ethereum Tops $3,000 As Bull Rally Continues, Hitting Its Highest Level Since May
On August 7, Ethereum crossed above $3K in an ongoing crypto market rally, hitting a three-month high. ETH Is Breaking Out The past few days have been interesting for the crypto markets. Talk regarding dueling amendments to a cryptocurrency tax reporting requirement in the United States bipartisan infrastructure bill being passed in Congress has been […] дальше »
2021-8-8 17:23 | |
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Will U.S. Bitcoin Miners Be Exempted From New Tax Rules If Infrastructure Bill Proposal Goes Through?
A new proposal to amend the U. S. bipartisan infrastructure bill introduced to the Senate on Sunday could exempt cryptocurrency miners, those staking crypto, and users of their services from reporting and paying tax on their cryptocurrencies. дальше »
2021-8-8 14:52 | |
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Musk on Proposed Crypto Tax Provision -‘Not the Time to Pick Winners or Losers in Crypto Technology’
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. дальше »
2021-8-7 13:34 | |
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Ukraine Proposes Bill To Enable Use Of Cryptocurrency For Payments
Ukraine, one of the world’s most active cryptocurrency nations, is striving to become the utopia jurisdiction for businesses. Legislators in the country are working on a package of bills that would essentially integrate cryptocurrency into its legal and financial system. дальше »
2021-8-7 23:42 | |
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Coinbase CEO Says Crypto Tax Bill ‘Could Have a Profound Negative Impact’
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. дальше »
2021-8-7 22:40 | |
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Treasury Secretary reportedly against amending crypto language in infrastructure bill
Janet Yellen's position on a "compromise" amendment proposed yesterday is unclear, but she reportedly raised objections to the language on crypto put forth by Senators Wyden, Lummis and Toomey. дальше »
2021-8-7 20:18 | |
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New bill in Ukraine to allow payments in cryptocurrency, says official
The deputy minister of Ukraine’s Ministry of Digital Transformation believes that crypto payments will be allowed in Ukraine similarly to payments deriving from the U.S. dollar. дальше »
2021-8-7 18:46 | |
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Amendment To Controversial Crypto Tax Rule Still Insufficient
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 […] дальше »
2021-8-7 16:55 | |
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“Backdoor Bitcoin Ban?” Infrastructure Bill Creator Rob Portman Unveils Competing Amendment at the Last Moment
Senator Rob Portman’s amendment, which supports PoW chains but punishes those using PoS protocol, for now, has gained support from Mark Warner, Kyrsten Sinema, and most importantly, the White House. дальше »
2021-8-7 16:22 | |
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US Infrastructure Bill’s Proposed Crypto Tax Puts Proof-of-Stake Platforms Under the Radar
The White House has made its stand on a newly introduced amendment to the Infrastructure Bill whereby it acknowledged it. Crypto advocates argue that the language in the legislation, which requires brokers of digital assets to report on crypto trading gains, is vague. дальше »
2021-8-7 15:00 | |
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Cryptocurrency Industry in Chaos as White House Endorses New Amendment to Controversial Crypto Tax Provision
A White House-supported amendment to the controversial cryptocurrency provision in the infrastructure bill has seemingly divided the cryptocurrency community along tribal lines дальше »
2021-8-6 07:55 | |
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US: Senators Introduce Amendment to Infrastructure Bill to Ease Crypto Reporting Requirements
The cryptocurrency industry’s last-minute lobbying push to amend provisions in the bipartisan infrastructure bill that was completed over the weekend could succeed in eliminating some of the Internal Revenue Service (IRS) scrutiny that stakeholders in the sector would face. дальше »
2021-8-5 20:00 | |
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Uruguayan Senator Proposes Bill to Make Crypto Legal Tender
Uruguayan lawmaker Juan Satori has proposed a bill in a bid to allow cryptocurrency payments. According to his tweet on August 4, Satori’s proposed bill seeks to provide “legal, financial and fiscal security in the business derived from the production and commercialization” of cryptocurrencies. дальше »
2021-8-5 19:00 | |
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Infrastructure Bill Amendment Calls for A Level Playing Field with TradeFi, Without Penalizing Crypto
Senator Cynthia Lummis (R- Wyo), Ron Wyden (D-Ore), and Pat Toomey (R-Pa) are behind the amendment proposal that integrates crypto into the financial system and protects American innovation while ensuring taxes are paid. дальше »
2021-8-5 16:01 | |
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US Senators Provide Crypto-Related Amendment in Infrastructure Bill
Three U.S. Senators have sent an amended version of the cryptocurrency regulation in the infrastructure bill, changing the definition of a broker to exclude certain entities. The post US Senators Provide Crypto-Related Amendment in Infrastructure Bill appeared first on BeInCrypto. дальше »
2021-8-5 13:03 | |
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Uruguay senator proposes bill to classify Bitcoin and other cryptos as ‘legal tender’
A senator in the Uruguayan parliament, Senator Juan Satori has joined the league of politicians supporting Bitcoin as he recently introduced a draft bill that proposes the regulation and enablement of the adoption of crypto payments by businesses. дальше »
2021-8-6 13:00 | |
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Looking To Pull An El Salvador, Spain Considers Bill To Allow Mortgage Payments In Crypto
Cryptocurrency and blockchain are becoming quite mainstream as of this year and it’s likely that just about any financial transaction will be able to be completed via the use of crypto in the next few years. дальше »
2021-8-5 23:46 | |
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Spain: People’s Party Proposes Bill to Allow Crypto for Mortgage Payments
The People’s Party (PP) of Spain wants to promote the use of cryptocurrencies, and it proposes allowing them to be used not only for mortgage payments by homeowners but also for companies in the real estate sector and fund managers to use their own cryptocurrency to buy groups of mortgages from banks in securitization processes.Read More дальше »
2021-8-3 17:00 | |
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Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen. Rob Portman, Who is Behind the Legislation
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. дальше »
2021-8-3 16:14 | |
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Senator Toomey: Crypto Tax Proposal in Infrastructure Bill ‘Unworkable’
Senator Pat Toomey of Pennsylvania has released a statement that calls the wording on crypto taxation in the bipartisan infrastructure bill unworkable and says he will propose an amendment. The post Senator Toomey: Crypto Tax Proposal in Infrastructure Bill ‘Unworkable’ appeared first on BeInCrypto. дальше »
2021-8-3 08:52 | |
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U.S. Lawmakers Soft-Pedal on Proposed Crypto Taxation Move
Authorities in the United States have narrowed the scope of the proposed bipartisan infrastructure bill which was initially designed to milk out at least $28 billion from the country’s crypto investors to make up the $500 billion they plan to use for infrastructural development, according to reports on July 2, 2021. A New Language AsRead More дальше »
2021-8-3 05:00 | |
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