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Italy Wants to Tax Crypto Gains at 26% From 2023

1.12.2022
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings. Government in Italy...

Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

1.12.2022
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba...

Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says

30.11.2022
Despite writing down its $275 million investment in FTX, Temasek still apparently holds its investments in many other crypto-related businesses

Brazilian Government Wants to Police Crypto and Train Prosecutors to Deal with Scams

30.11.2022
Brazil’s government will look to tighten its policing of the nation’s crypto sector. It has created a “working group” composed of top lawyers and prosecutors who have been tasked with drafting proposals for legal reform. In an official announcement, the Public Ministry’s policy-making National...

European Central Bank blasts Bitcoin —community responds

30.11.2022
After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency

Spanish Government to Add Crypto Clauses to Criminal Code

29.11.2022
The Spanish government is set to create crypto-related clauses in the nation’s Criminal Code – in a bid to close loopholes and help police fight Bitcoin (BTC) and altcoin-powered crime. Cronista reported that the ruling coalition parties – the Spanish Socialist Party (PSOE) and Unidas Podemos...

First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28

29.11.2022
New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy

National Bank of Ukraine releases draft concept for digital hryvnia

29.11.2022
One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations

Ukrainian Government Puts Binance Payment Service Integration on Hold

28.11.2022
Plans to integrate Binance functionality into Ukraine’s electronic documents app Diia has upset local crypto exchanges and entrepreneurs

Tokenized government bonds free up liquidity in traditional financial systems

28.11.2022
There are a number of benefits associated with tokenized government bonds, yet adoption may take time

Salvadoran Group Files Lawsuits Against President Nayib Bukele on Lack of Transparency in Bitcoin Purchases

28.11.2022
Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer...

FTX collapse put the Singapore government in a parliamentary hot seat

28.11.2022
The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors

Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem

27.11.2022
The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part of...

Binance Founder CZ Says Crypto Adoption Will Happen ‘Regardless’ of Government Decision on Regulation

27.11.2022
Binance CEO Changpeng Zhao has said countries better regulate crypto rather than fight it, claiming that crypto adoption will happen no matter what. During a Binance event in Athens, Greece on Friday, CZ noted that crypto regulation has once again become a hot topic amid the recent fallout...

Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation

27.11.2022
According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian...

Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless

27.11.2022
Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight against it,” the Binance executive emphasized. Binance’s CEO on Crypto Regulation...

El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’

26.11.2022
After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which...