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” Portugal’s Assembleia da Republica says no to two crypto tax bills “ The Portuguese congress, Assembleia da Republica, has rejected two bills that would have imposed a tax on cryptocurrencies. Portugal has long been regarded as a cryptocurrency tax haven, and the trading of cryptocurrencies has been tax-free since 2018. In addition, trading digital…
” Bankman-Fried faces down roomful of futures industry insiders at CFTC roundtable “ FTX CEO Sam Bankman-Fried did a lot of talking at the United States Commodity Futures Trading Commission (CFTC) staff roundtable on non-intermediation Wednesday. He fielded questions and issues from 31 industry professionals about the FTX.US application to offer clearing of margined products,…
” Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades “ Brazil’s Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH). The RFB’s declaration was published in the…
” Ideas vs. practice: How are regulators working together on crypto? “ The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem. Various regulatory agencies around the world view digital assets in a different light that vary significantly from one another. Recently, executive board…
” Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote “ The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way in which virtual asset risk is assessed. According to a local news report, this is because it is currently tough to safeguard investors due to the…
” ECB: One in ten households in eurozone population centers now own cryptocurrency “ On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together, approximately 10% of respondents from the surveyed countries said they own cryptocurrencies….
” WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto “ The need for a clear, balanced concept of the issue was a constant theme at the panel discussion of crypto’s carbon footprint at the 2022 World Economic Forum. There was general agreement that there has been a rush to…
” Enforcement and adoption: What do UK’s recent regulatory aims for crypto mean? “ In April, the United Kingdom’s Economic and Finance Ministry, also known as Her Majesty’s Treasury, announced its intention to put the United Kingdom at the forefront of technology by bringing stablecoins under the country’s payments regulation — a bold move that…
” Central African Republic to launch official crypto hub ‘Sango’ “ Shortly after approving Bitcoin (BTC) as legal tender in the Central African Republic (CAR), the local government is moving to provide the digital currency infrastructure. CAR President Faustin-Archange Touadera took to Twitter on Tuesday to announce the upcoming launch of the country’s first major…
” El Salvador’s Bitcoin play: What does the current slump mean for adoption? “ It was September 6, 2021, when the Central American nation of El Salvador decided to go ahead and purchase 200 Bitcoin (BTC), worth about $10.3 million at the time. The day was hailed as momentous in the history of the crypto…