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“# Biden’s capital gains tax plan to pull crypto down to earth from the moon? ” There are often multiple causes for an asset’s sharp decline, but Bitcoin’s (BTC) 10% “nosedive,” which took place on April 22, may be blamed on the Biden Administration’s reported plan to tax capital gains at double the current rate…
“# Turkey jails 6 in probe into missing Thodex crypto exchange CEO ” Turkish authorities are progressing with an investigation into local cryptocurrency exchange Thodex, which abruptly halted trading last week. On Thursday, a Turkish court jailed six suspects pending trial, including siblings of the missing CEO and senior company employees, Reuters reported. As part of…
“# Uzbek presidential agency proposes legalizing domestic crypto trading ” A major governmental agency in Uzbekistan seems to be rethinking its stance on cryptocurrencies. The National Agency for Project Management under the President of the Republic of Uzbekistan, or NAFT, issued an official document proposing several amendments to licensing procedures for crypto trading. NAFT proposed to…
“# SEC enforcement chief steps down just days after appointment ” The United States Securities and Exchange Commission new enforcement chief, Alex Oh, has resigned from her position with the Securities and Exchange Commission just days after taking the role. According to an official SEC announcement, Oh stepped down for personal reasons. However, in Oh’s…
“# Australian senate committee calls for national blockchain land registry ” An Australian senate committee has published a report calling for a blockchain-based national land registry, better clarity over laws relating to smart contracts, and continued efforts to establish international standards for DLT. The Select Committee on Australia as a Technology and Financial Centre’s second…
“# Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns ” China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular. Beijing sent an “emergency notice” to conduct checks on data centres involved in Bitcoin…
“#FDA announces plans to ban menthol cigarettes” US health regulators have announced plans to ban menthol cigarettes — but critics argue it could fuel a dangerous black market for the flavored smokes. The announcement by the Food and Drug Administration Thursday will not lead to any immediate impact, but rather kickstart the years-long rulemaking process. The FDA…
“# County in New Jersey makes 250% profit from crypto seized in 2018 ” A county in the state of New Jersey has announced the liquidation of cryptocurrency assets seized in 2018. On Monday, the prosecutor’s office in Monmouth County announced that the confiscated crypto —initially valued at $57,000 at the time it was seized —…
“# UK revenue authority to target cryptocurrency tax evaders ” Her Majesty’s Revenue and Customs, the tax authority of the United Kingdom, will ramp up its efforts to snare cryptocurrency tax evaders in an attempt to uncover what it regards as hidden wealth, says U.K. accountancy group UHY Hacker Young. According to the group, the…
“# Beijing investigates crypto mining farms to improve energy efficiency ” Beijing authorities are reportedly conducting inspections of crypto mining data centers to better understand their impact on energy consumption, Reuters reports Thursday. The Beijing Municipal Bureau of Economy and Information Technology on Tuesday sent an emergency notice to the city’s data center operators asking…