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Australian Taxation Office to Focus on Capital Gains From Crypto Assets
18.5.2022
The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their...
Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%
7.5.2022
The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation rate to 70%. Economic Revival Efforts Not Bearing Fruit Rising commodity prices and increased...
California governor issues blockchain executive order building on US President’s regulatory efforts
4.5.2022
"We’re getting ahead of the curve on this, laying the foundation to allow for consumers and business to thrive," said California Governor Gavin Newsom
SEC Extends Anti-Crypto Scam Efforts
3.5.2022
The U.S. securities enforcer will hire 20 extra staff to police coin offerings, non-fungible tokens and decentralized finance
Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations
28.4.2022
Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies...
Ukraine Doubles Down on Crypto-Friendly Regulation Efforts, Aims for Top Spot
25.4.2022
Ukraine is aiming to become a top 5 country in the world in terms of crypto legislation, and the efforts have the “total support” of both President Volodymyr Zelenskyy and the government, according to a high-ranking Ukrainian government official.
“We are aiming for Ukraine to become one of...
Samsung Participates in Series A Round That Raised $25 Million for a Metaverse Startup
25.4.2022
A Korean metaverse startup, Doubleme, is said to have raised $25 million in a Series A round that saw the leading South Korean electronics manufacturer Samsung Electronics take part. Capital Raised to Fund Marketing Efforts The South Korean electronics and smartphone maker Samsung is reported...
Wildlife conservation efforts turn to NFT-funded initiatives
21.4.2022
Coorest and the PLCnetwork of the Southern Hemisphere believe that blockchain and NFT technology are a solution for protecting endangered wildlife and funding costly conservation areas
US Secret Service Has Seized Cryptocurrency Worth Over $102 Million in 254 Fraud Cases
20.4.2022
The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities,” said the assistant director of the Secret Service’s Office...
Web3 initiative Reli3f has raised over $1.5M for Ukrainian aid efforts
17.4.2022
Established in the days following the conflict's outbreak, the project has received considerable acclaim from the Web3 community for its conscientious intentions
Crypto Exchanges Binance and Whitebit Offer Help for Ukrainian Refugees
11.4.2022
The global crypto community has actively supported humanitarian efforts in Ukraine and two crypto exchanges are also looking to help Ukrainian refugees abroad. Binance, the largest coin trading platform, and the Ukrainian Whitebit have turned their attention to the Ukrainians who had to leave their...
A New Super PAC Aims to Elect BTC Advocates and ‘Vote out Anti-Bitcoin Politicians Like Brad Sherman, Elizabeth Warren’
10.4.2022
On Friday, Grant McCarty, the director of policy and public affairs at Bitcoin Magazine, announced the launch of three political efforts aimed at bolstering bitcoin public policy at the Bitcoin 22 conference in Miami. McCarty revealed the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute...
Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates
3.4.2022
A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The top official also revealed that the department is currently finalizing regulations for the mining sector as part...
White House OSTP to Examine Whether Digital Assets Impede Efforts to Curb Climate Change
1.4.2022
On March 9, United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets, a precursor to upcoming digital asset and Blockchain legislation feared by many in the industry. As part of this executive order, the White House Office of Science...
Japan Considers Stricter Crypto Regulations in Light of Russia Sanctions
1.4.2022
Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month....
DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy
29.3.2022
On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts...
Russian Prime Minister, Economy Ministry Support Legalization of Cryptocurrencies
27.3.2022
Prime Minister Mikhail Mishustin and the Russian Ministry of Economic Development have backed efforts to regulate cryptocurrencies and integrate them into the country’s economy. The support comes amid mounting sanctions over the war in Ukraine which restrict Russia’s access to global...
Binance Informs Canadian Regulator It’s ‘Committed’ to Ceasing Crypto Trading Services in Ontario
21.3.2022
Cryptocurrency exchange Binance has informed the Ontario Securities Commission (OSC) that it is committed to ceasing opening new accounts for Ontario residents and winding down certain services to comply with regulations. Binance Promises to Increase Efforts to Comply With Regulation Cryptocurrency...
G7 Countries: We Will Ensure Russia Cannot Use Crypto Assets to Evade Sanctions
14.3.2022
The Group of Seven (G7) countries issued a joint statement stating that they “will ensure that the Russian state and elites, proxies and oligarchs cannot leverage digital assets as a means of evading or offsetting the impact of international sanctions.” Meanwhile, the U.S. Treasury...
US Treasury Launching Cryptocurrency Awareness Program
12.3.2022
The U.S. Department of the Treasury is launching a cryptocurrency awareness program. “We’re just trying to raise awareness without trying to stamp out new technology and new innovation,” said an official of the Treasury. Treasury’s Efforts to Raise Crypto Awareness...