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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
Myanmar’s military government considers launching digital currency: report
4.2.2022
Major General Zaw Min Tun of the country's military forces said rolling out a digital currency would "help improve financial activities in Myanmar."
60,000 Indians Petition Government to Lower Crypto Tax to Avoid ‘Devastating Impact’
4.2.2022
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been...
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners
4.2.2022
The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably...
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report
4.2.2022
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply...
Japanese government considers relaxing strict coin listing rules
4.2.2022
If passed, the rules reform could make it easier for domestic exchanges to list more crypto without needing to go through a long screening process
US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200
3.2.2022
House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to "ensure that our tax code evolves with our use of virtual currency."
Real-Life Spy Agencies Troll Each Other Over Wordle
3.2.2022
Wordle continues its gentle taking over of the world. In the days following the surprise announcement that the New York Times is buying the game for at least a million bucks, the head of the UK secret intelligence service, MI6, tweeted complaining about people’s results from the word game appearing...
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
Major Crypto Exchanges Ready to Work in Russia Under Proposed Rules, Report
3.2.2022
Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency...
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...
Russians Own $215 Billion in Crypto Suggests Estimate Attributed to Government
2.2.2022
Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw...
El Salvador Switches Tech Providers — Chooses Alphapoint to Operate Chivo Bitcoin Wallet
2.2.2022
On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech application in the country and Alphapoint “supports the frontend and backend...
Bitcoin, Ether, and NFTs will 'never become legal tender' in India, says Finance Secretary
2.2.2022
"You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation
2.2.2022
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’s happening internationally,” he explained. Crypto...
Report: Blockchain Among Technologies to Be Prioritized by Saudi Arabia’s IT Decision Makers in 2022
2.2.2022
Blockchain is among six emerging technologies that will be prioritized by the Kingdom of Saudi Arabia (KSA)’s IT decision makers in 2022 and beyond, according to a recent study. Effect of Covid-19 The government of Saudi Arabia’s IT decision makers have named blockchain as one of...
Crypto tax doesn't legalize trading, says Indian tax department chief
2.2.2022
The Indian tax department head said crypto taxation will help the department evaluate the exact depth of the digital asset market