REGULATION
Members of Congress Ask IRS for Relaxed Approach to Crypto Staking Taxes
Innovation friendly members of United States Congress have written to the IRS request a level-headed approach to tax on cryptocurrency staking rewards.
Russia Restricts Anonymous Cash Deposits to Online Wallets
The Russian Government has put strict limits on anonymous deposits made to online wallets. While it is not a complete ban, the initiative by lawmakers is promoted as a step to deter illegal activity such as money laundering and illicit drug transactions and could affect up to 10 million users.
Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System
Crypto usage is growing in Russia, despite attempts by the government to make investment more difficult.
China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat
China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission.
Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin
Iran has given power plants the green-light to undertake Bitcoin mining on a large scale as this will spur economic growth from the revenue generated. Nevertheless, interested parties must adhere to various regulations like not using subsidized fuel to extract Bitcoin and other cryptocurrencies.
Cryptocurrency Adoption Is Growing, But US Needs To Adopt A Solid Blockchain Policy
In order to be ahead of other countries in the ever-growing industry of blockchain, the US needs to come up with an enforceable and consistent blockchain policy.
‘Big Four’ Tech Amazon, Google, Apple & Facebook Grilled During US Antitrust Hearing
In an antitrust hearing with the Judiciary Committee of US Congress, the CEOs of Amazon, Apple, Facebook and Google testified, as a continuation of an unfinished legal conversation with lawmakers.
DFA Bill Passed, But Central Bank of Russia Still Thinks Cryptos Are Criminal
Despite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.
New South Wales Treasury Proposes Flexible Regulatory Reform For Blockchain
Australia’s New South Wales is proposing a flexible regulatory reform to accommodate the thriving blockchain and cryptocurrency ecosystem
PlexCoin Founder Indicted by US Grand Jury for 2017 ICO Securities Fraud
A United States grand jury indictment has been delivered to Plexcoin founder, Dominic Lacroix, as well as Yan Ouellet and Sabrina Paradis-Royer for securities and wire fraud, and conspiracy to launder money, according to the DOJ.