Chilean banks urge anti-monopoly court to revoke its decision that impedes blocking crypto exchanges’ banking accounts. Two major Chilean banks have urged the country’s anti-monopoly court to revoke its decision that prevents the closure of local crypto exchanges’ banking accounts. This development was reported by Chilean newspaper La Tercera on Thursday, Dec. 20. Banco del […]
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U.S. lawmakers have introduced a bill that would amend current securities laws to exclude cryptocurrencies from their purview. Two United States congressmen introduced a bill in the House of Representatives on Dec. 20 that would exclude digital assets from being defined as securities. The “Token Taxonomy Act of 2018” was introduced by Reps. Warren Davidson […]
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French Parliament has rejected most of crypto-related amendments to the 2019 finance bill which were expected to ease taxation. The lower house of the French parliament has rejected the amendments to the 2019 finance bill which would ease crypto-related taxation. French monthly business magazine Capital reported this Tuesday, Dec. 18. The amendments that have been […]
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Cryptocurrency holders in the U.K. can now consult with official guidance on what tax they should be paying on their assets. The United Kingdom tax collection service published its first detailed tax legislation for private cryptocurrency holders Dec. 19 following a lengthy consultation period. Its new policy paper, “Cryptoassets for Individuals,” sets out likely tax […]
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A sub-governor from the central bank of Egypt has said the entity is looking into issuing a blockchain-based digital currency. The central bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs, local English language news outlet Amwal Al Ghad reported Dec. 16. Ayman Hussein, sub-governor of the Central […]
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Hong Kong’s stricter rules for crypto businesses that force them to get licenses for trading might be harmful for the industry, local experts say. New regulations for crypto-related companies, which Hong Kong’s Securities and Futures Commission (SFC) earlier announced, might prevent crypto entrepreneurs from entering the market. Expert comments on the situation were reported by […]
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With more influential voices in academia and politics speaking out against burdensome federal regulations, is change imminent? Individual US states seem to be in competition for the title of the most crypto-friendly in the Union – Ohio’s recent announcement of imminent crypto tax payments being the latest example. Meanwhile, federal authorities remain in disarray with regard […]
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U.S. Rep. Warren Davidson suggests building a border wall using blockchain and “wall coins.” Ohio Republican Congressman Warren Davidson suggested raising money to build a wall on the border with Mexico using blockchain, in an interview on NPR Dec. 12. Davidson, who is known for his pro-crypto initiatives, spoke on NPR’s Morning Edition with host […]
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Russia’s parliament will discuss a draft bill on blocking suspicious financial websites, and experts believe it might affect “scam” ICOs. A group of Russian members of parliament (MPs) has introduced a draft bill on blocking suspicious financial websites on Tuesday, Dec. 11. Russian crypto media outlet Forklog believes it can encompass “scam” Initial Coin Offerings […]
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Russia’s cryptocurrency legislation draft won’t be dramatically changed, according to deputy prime minister Maxim Akimov. Maxim Akimov, the deputy prime minister of Russia, announced that the authors of Russia’s draft cryptocurrency legislation were not planning on making any changes to the bill. His statement was reported by Russian information agency Finmarket, which specializing on the […]
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