The U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownership.
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Category: reform
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Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad
The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, which has not yet been approved, changes some of the harsher penalties that were declared illegal by the Court of Justice of the European Union […]Powered by WPeMatico
Australia to Regulate Crypto Sector as Part of Payments Reform
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities […]Powered by WPeMatico
Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations
The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett […]
The post Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations appeared first on Bitcoin News.
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Venezuela’s Constituent Assembly Drafts Law to Create Central Bank for Crypto
A member of the Venezuelan National Constituent Assembly has reportedly revealed that the assembly is preparing a reform to the country’s Constitution that includes a central bank for cryptocurrencies. This follows the Venezuelan government’s latest effort to tie the new bolivar currency to the petro. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Central […]
The post Venezuela’s Constituent Assembly Drafts Law to Create Central Bank for Crypto appeared first on Bitcoin News.
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Coinbase Flexes Political Muscle, Beating While Joining Them
Widespread reporting revealed the United States’ largest cryptocurrency bank, Coinbase, has formed a political action committee (PAC). This is the debate. Is onboarding broader sectors, mainstream folks, coming at too grave a cost? Is crypto’s philosophical soul worth greater adoption? One company is threading between those tensions, siding on the venial sin of being in […]
The post Coinbase Flexes Political Muscle, Beating While Joining Them appeared first on Bitcoin News.
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