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Turkey targets Crypto with new 0.03% transaction tax
14.6.2024
Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes
Nigeria’s Bitcoin interest unfazed by regulatory restrictions
2.6.2024
Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin
Nigeria reforms blockchain policy committee with fresh experts
22.5.2024
Inuwa said the committee’s strategic reconstitution would bring together a fresh wave of experienced professionals and leading minds in blockchain
Japan’s Ruling Party Urges ‘Immediate’ Crypto Tax Reform
15.4.2024
Japan’s ruling party, the Liberal Democratic Party, wants the government to carry out “immediate” crypto tax reforms.
The post Japan’s Ruling Party Urges ‘Immediate’ Crypto Tax Reform appeared first on Cryptonews
South Korea’s Democratic Party to Introduce ETF and Digital Finance Reforms
8.4.2024
South Korea’s Democratic Party of Korea (DPK) is eager to relax regulations on exchange-traded funds (ETFs), including those tied to spot bitcoin, despite resistance from the People Power Party (PPP). Although election concerns have temporarily halted the initiative, a crucial poll is set...
Spanish Ministry of Finance to Seize Cryptocurrencies for Debt Collection from Taxpayers
5.2.2024
The Spanish Ministry of Finance aims to enable the seizure of digital assets as a means to settle tax debts. Under the leadership of María Jesús Montero, the ministry is currently working on legislative reforms to the General Tax Law, with a specific focus on Article 162. The proposed changes would...
Argentina’s Milei Administration Reverses Course on Crypto Tax Benefits Law
1.2.2024
Argentina’s President Javier Milei has decided to remove proposed crypto tax law from a controversial omnibus reform package in a bid to expedite the approval of a set of reforms. The bill, known as the “Ley Ómnibus” or the “Law of Bases and Starting Points for the Freedom...
Proactive Reforms: Lithuania Intends to Refine Crypto Landscape Ahead of MiCA Rollout
11.1.2024
In order to manage the emerging risks before the entry into application of the European Markets in Crypto Assets Regulation (MiCA), Lithuania intends to reinforce its national cryptocurrency regulation. We discussed the key points and consequences with legal experts from Gofaizen & Sherle...
Bitcoin Price Prediction: ETFs Boost BTC to $43,500, Japan Tax Reforms in Play
26.12.2023
In a remarkable surge, Bitcoin has reached $43,499, marking a 0.71 percent increase on Tuesday. This notable ascent can be largely attributed to the burgeoning interest in Spot Bitcoin ETFs, which are poised to surpass the combined inflows of all 150 crypto ETPs currently in the market. Adding...
Digital Ruble Will Spark Russia’s ‘Biggest Monetary Reforms Since the 1990s’
4.12.2023
Source: Larisa/Adobe The launch of the Russian digital ruble will trigger the nation’s “largest monetary reforms since the 1990s,” a media report has claimed. Per ProGorod, Russia’s CBDC project will be the biggest transformative event in the nation’s economic history since the collapse of...
UN Secretary General Antonio Guterres Calls for Reform of ‘Outdated, Dysfunctional, and Unfair’ Global Financial Architecture
28.8.2023
Antonio Guterres, Secretary General of the United Nations (U.N.), has noted changes that need to happen with today’s financial institutions to fit into the current multilateral world. During the recent BRICS leaders summit, Guterres said that the current “outdated, dysfunctional,...
Proposed Legal Reforms Aid UK Crypto Dreams – but Offer Scant Hope for Bitcoin Developers Sued by Craig Wright
20.7.2023
A new Law Commission report doesn’t address legal concerns beyond token ownership, lawyers told CoinDesk
US Presidential Candidate Robert Kennedy Jr Unveils Plan to Back US Dollar With Bitcoin
20.7.2023
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled two new reforms for bitcoin if he is elected president. He plans to back the U.S. dollar with the cryptocurrency and eliminate capital gains taxes on the conversion of bitcoin to USD. RFK Jr. stressed that...
IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms
11.7.2023
Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks
UK Law Commission recommends 'distinct' legal category for crypto
3.7.2023
The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership
European Banks to Disclose Exposure to Crypto Assets
29.6.2023
Banks in the European Union will have to disclose their exposure to cryptocurrencies, EU institutions announced. The obligation will be introduced under a deal to implement globally agreed regulatory standards meant to improve the resilience of the financial institutions. Deal Reached to Finalize...
House Republicans Introduce Bill To Fire US SEC Chair Gary Gensler and Make Other Reforms
12.6.2023
House Republicans filed a bill on Monday that would fire US Securities and Exchange Commission Chair Gary Gensler and restructure the agency.
Reps. Tom Emmer and Warren Davidson introduced the SEC Stabilization Act, to “remove Chairman Gensler following his long series of abuses that have been...
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank
12.3.2023
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts....
Here's why India held on to older crypto reforms in national budget 2023
1.2.2023
Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022
UK pushes crypto efforts forward through financial services reforms
9.12.2022
The reforms include regulating stablecoins as a means of payment and creating a sandbox where firms and regulators can test new financial technologies