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Mexico’s bill to regulate cryptocurrency exchanges has been approved by the country’s lower house of Congress and is now awaiting the signature of President Enrique Pena Nieto to become law. Crypto operators have 12 months to comply, a local crypto exchange explained to news.Bitcoin.com. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Mexico’s Crypto […]
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Tax exemptions on profits from crypto-related transactions have been proposed during a meeting at the Ministry of Economic Development of Russia. Participants also called for a 10 fold increase of the limit for individual investments in ICOs. Russians should be allowed to open accounts with foreign exchanges, officials insisted. Also read: Russian Lawmaker Proposes […]
The post Crypto Tax Breaks Proposed by Officials in Russia appeared first on Bitcoin News.
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Residents from the state of Georgia may soon be able to pay their taxes in bitcoin as two senators have introduced a bill that allows digital currency payments for tax obligations and licensure fees. Also Read: Nasdaq-Listed “Blockchain” Companies Hit With New Legal Troubles The State of Georgia May Allow Residents to Pay Taxes in Bitcoin […]
The post Georgia Lawmakers Propose Tax Amendment That Allows Bitcoin Payments appeared first on Bitcoin News.
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Uzbekistan has taken the road to bitcoin legalization. In accordance with a presidential decree, a law regulating “electronic money” should be prepared by the end of the summer. The Central Asian country is also planning to open a center for distributed ledger technologies. Mining expenses in Uzbekistan are among the lowest in the world, as […]
The post Uzbekistan to Legalize Bitcoin and Support Developers appeared first on Bitcoin News.
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Mexico’s bill to regulate fintech institutions including cryptocurrency exchanges is expected to become law within “weeks,” according to local crypto exchange ISBIT. Daniel Luévano, the exchange’s director of operations, shared with news.Bitcoin.com what to expect from the new law, citing a leaked document he obtained from the recent meeting of regulators. Also read: Indians Look to […]
The post Sneak Peek: Mexico’s Regulations for Crypto Exchanges Expected in ‘Weeks’ appeared first on Bitcoin News.
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The head of the Russian State Duma Committee for Economic Policy has proposed legalizing cryptocurrencies in order to attract foreign investments including from countries with anti-Russian sanctions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Proposal to Legalize Cryptocurrencies The chairman of the State Duma Committee for Economic Policy, Sergey Zhigarev, proposed the […]
The post Russian Lawmaker Proposes Legalization of Cryptocurrencies to Attract Investments appeared first on Bitcoin News.
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A proposal was presented at the Russian Expert Council for Non-Bank Credit Organizations to allow rural businesses in the country to receive crypto loans to attract funds from abroad. The chairman of the council, a State Duma member, is asking rural credit cooperatives to study and educate rural residents on cryptocurrency. Also read: Indians Look to […]
The post Rural Russia Prepares to Attract Crypto Loans appeared first on Bitcoin News.
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Proposals to introduce tax exemptions for companies using blockchain technologies and cryptocurrency have been put on the table in Spain. The ruling People’s Party is preparing new legislation that will also offer incentives to entrepreneurs raising funds through ICOs. If lawmakers adopt the amendments, investors will not be required to report crypto assets under certain […]
The post Spain Mulls Tax Breaks for Blockchain and Crypto Firms appeared first on Bitcoin News.
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Russia’s largest bank, the state-controlled Sberbank, has reiterated that it is not mining cryptocurrencies. However, the bank says that it has often caught its employees crypto mining using the bank’s equipment. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Sberbank Claims It’s Not Mining Crypto The state-controlled Sberbank is the largest bank […]
The post Russia’s Largest Bank Caught Employees Mining For Crypto appeared first on Bitcoin News.
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The state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act. Also read: Coinbase Exits as Hawaii Requires Bitcoin […]
The post Hawaii’s New Money Transmitters Act Will Require Virtual Currency Licenses appeared first on Bitcoin News.
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