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” US e-cash: Bill proposes digital currency that replicates cash, bypasses the Fed “ The Electronic Currency and Secure Hardware Act (ECASH Act), introduced today in the United States House of Representatives, could herald a new direction in government-sponsored digital currencies. The legislation calls for the U.S. Secretary of the Treasury to develop and pilot…
” EU Parliament can outlaw transacting with ‘unhosted’ wallets, crypto advocate warns “ Less than a week after a potential ban on Proof-of-Work (PoW) digital assets was dropped from the EU’s prospective MiCA framework, a new threat to the crypto industry could be emerging in the European Union. This time, it is non-custodial, or unhosted,…
” European crypto regulatory framework goes to three-way consideration without PoW ban “ The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown over. Thursday marked the last day when the European Parliament could stop the current…
” US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation “ United States Senator from New York Kirsten Gillibrand revealed working with Senator Cynthia Lummis on a broad-based regulatory framework for the crypto industry on Thursday during a live event in Washington, D.C. As Gillibrand specified, she and Lummis are undertaking “a very complex and…
” ‘US Government does not stand for freedom’: Bukele reacts to US bill passing Senate committee “ El Salvador president Nayib Bukele reacted to the news that the recently proposed Accountability for Cryptocurrency in El Salvador Act (ACES) had passed the U.S. Senate Foreign Relations Committee and will now head to a full Senate vote….
” Colorado accepts tax payments in crypto: Was it just a matter of time? “ The governor of Colorado, Jared Polis, announced in February that the state government plans to allow residents to pay taxes in cryptocurrencies as early as the summer of 2022. To some experts, the move is both legitimizing for the crypto…
” Tax man: India’s new tax policies could prove fatal for crypto industry “ Indian crypto tax policy has become the hottest topic for Indian crypto traders and exchange operators as it is set to become law on March 24 and will come into effect starting on April 1. The proposed 30% crypto tax is…
” Proposal for crypto tax policy in India will go to parliament on March 24 “ A tax proposal on crypto from India’s Finance Minister Nirmala Sitharaman may be closer to becoming law as the country’s lower house of parliament is scheduled to consider the legislation on Thursday. According to a Wednesday publication, Sitharaman will…
” ‘Satoshi Island’ crypto utopia receives 50K citizenship NFT applications “ Step aside, El Salvador, there’s a new Bitcoin-centric destination on the map. As a 32-million-square-foot private island sanctuary in the remote South Pacific, Satoshi Island is a “place for the crypto community to call home.” A combination of honeymoon getaway, Bond-villain hideout and naturalist…
” OECD opens proposal on tax transparency framework for crypto to public comment “ The Organisation for Economic Cooperation and Development, or OECD, has suggested additional requirements on reporting crypto transactions and identifying users aimed at increasing transparency for global tax authorities. In a public consultation document released on Tuesday, the OECD opened for public…