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Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
9.2.2022
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining...
DoJ seizes $3.6B in crypto and arrests two in connection with 2016 Bitfinex hack
8.2.2022
"The department once again showed how it can and will follow the money," said Deputy Attorney General Lisa Monaco
Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year
8.2.2022
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and...
No precedent: IRS court settlement doesn't clarify crypto staking taxes
8.2.2022
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7
7.2.2022
Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes
US Federal deposit insurer lists “crypto-asset risks” among its top priorities for the year
7.2.2022
FDIC's acting chairman stated that the work on crypto-related guidance for U.S. banks is underway
‘Wave of litigation’ to hit NFT space as copyright issues abound
7.2.2022
As the NFT industry grows with increasing market penetration, research and consumer education are key to the domain’s evolution
Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes
7.2.2022
Certain crypto and foreign currency transactions in Venezuela will be taxed at up to 20% after the government and parliament signed off on a rule aimed at reducing inflationary pressure on the troubled fiat bolivar....
Read More: Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela...
Meta-Marriage: Decentraland hosts first Metaverse wedding
7.2.2022
The Arizona couple’s big day didn’t quite go to plan, showing that the Metaverse still has a while to go before it can reliably host a wedding with all the bells and whistles of the real world
Stealth rulemaking: Is proposed SEC rule with no mention of crypto a threat to DeFi?
5.2.2022
A 600-page document proposes changes to the definition of an exchange that could extend to include DeFi protocols
3 things every NFT investor should know to avoid a tax nightmare
5.2.2022
Breaking down what we know (and don’t know) about nonfungible tokens and their current (and possible) taxations
America COMPETES Act passes House without 'disastrous' provision on crypto
4.2.2022
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
US Govt Wants To Imprison Nintendo Hacker Bowser For 5 Years
4.2.2022
The U.S. government suggested to a federal judge on Thursday that Nintendo hacker and modder Gary Bowser receive five years in prison after he pled guilty to two charges involving the selling and creation of mod chips that could allow people to play pirated games on their Nintendo Switch. Read more
US lawmakers issue warnings about digital yuan as Winter Olympics kicks off
4.2.2022
"Do not accept any digital yuan," said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China
PoS validator turns down IRS tax refund offer, pushes for clear policy on staking taxation
3.2.2022
The Tezos validator who took the IRS to court argues that staking rewards should be treated as created property rather than income
China Designates 15 National Pilot Zones and 164 Entities for Blockchain Projects
3.2.2022
The Chinese government has established 15 pilot zones and 164 entities for blockchain projects. “Projects will be carried out in various fields such as manufacturing, energy, government and tax services, law, education, health, trade and finance, and cross border finance.” China...
Why did WazirX token WRX jump 30% after India announced its big crypto tax?
2.2.2022
The Indian government said that it does not treat cryptocurrencies as illegal, clarifying that its transactions remain in a grey area
El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender
2.2.2022
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.”...
$3.6 Billion in Bitcoin From the 2016 Bitfinex Hack Consolidates Into a Single Address
1.2.2022
$3.6 billion or 94,643.29 bitcoin stemming from the 2016 Bitfinex hack was moved and consolidated into a single wallet following 23 transfers. At the time of writing, the $3.6 billion in bitcoin remains idle and the trading platform Bitfinex says it “continues to work globally with...
Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31
31.1.2022
Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments