”Decentralized Networks a Powerful Phenomenon” – Why the SEC Commissioner Proposes Time-Limited Grace Period for Tokens

Crypto-Friendly SEC Commissioner Proposes 3-Year Grace Period for TokensU.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed a grace period of three years for tokens. Project developers would be exempt from the federal securities laws during that time, provided that they meet certain conditions. After that, they must determine whether their token transactions involve the offer or sale of a […]

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Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange

Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed ExchangeA new presidential decree in Uzbekistan envisages the introduction of tax exemptions for income obtained from operations involving crypto assets. The draft document published recently also incorporates proposals for the establishment of a blockchain valley and licensing regime for cryptocurrency miners. The country has just launched its first licensed crypto exchange. Also read: Uzbekistan to […]

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Colorado Introduces Bill With Securities Law Exemptions for Cryptocurrencies

Colorado Introduces Bill With Securities Law Exemptions for CryptocurrenciesThe U.S. state of Colorado has introduced the “Colorado Digital Token Act” which provides some “exemptions from the state securities laws for cryptocurrencies,” according to the text of the bill. Meanwhile, the state’s securities commissioner has already taken action against 20 initial coin offerings. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive […]

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Bill Proposes Tax Holiday for Cryptocurrency Businesses in Ukraine

Bill Proposes Tax Holiday for Cryptocurrency Businesses in UkraineA draft bill introducing tax breaks for entrepreneurs and companies dealing with cryptocurrencies has been filed in Ukraine’s parliament, the Verkhovna Rada. The authors of the bill have called for tax exemptions for entities working in the sector until the end of 2029. Also read: Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill New […]

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Coincheck Recorded Profit Despite the Hack While Victims Hit with Taxes

Coincheck Recorded Profit Despite the Hack While Victims Hit With TaxesJapanese exchange Coincheck is still profitable after suffering one of the biggest hacks in cryptocurrency history. The exchange recorded an estimated writedown of 47.3 billion yen (~US$432.56 million) for the funds used to compensate customers. Victims, however, were slapped with tax bills. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Writedown for Coincheck […]

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