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Lithuania, one of the Baltic tigers that has in past few years demonstrated it doesn’t shy away from new technologies and the digital economy, is preparing to introduce stricter rules for crypto companies. The government in Vilnius is working on amendments that according to officials will go beyond the requirements of the latest, fifth EU […]
The post Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s appeared first on Bitcoin News.
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Draft legislation designed to hamper Iran’s efforts to create a sovereign cryptocurrency has been introduced in the U.S. Congress. The Blocking Iran Illicit Finance Act bans U.S. citizens and companies from all transactions and dealings in Iranian digital currency. The bill also introduces sanctions against foreign nationals and organizations that support the development of the […]
The post Bill to Curb Iranian National Crypto Filed in US Congress appeared first on Bitcoin News.
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A 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 […]
The post Bill Proposes Tax Holiday for Cryptocurrency Businesses in Ukraine appeared first on Bitcoin News.
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Russian lawmakers have dropped the term “mining” from a bill to regulate digital assets, following the earlier removal of references to “cryptocurrency.” In addition, the proposed legislation no longer covers the taxation of mining profits, as such matters will fall under the oversight of the Federal Tax Service. Also read: Despite Setbacks Crypto Wages Still […]
The post Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill appeared first on Bitcoin News.
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The European securities and markets watchdog ESMA has dedicated over 1 million euros to finance the monitoring of developments in the crypto sector. Also in The Daily this Saturday, Wyoming legislators are working on a bill that would facilitate the provision of banking services to crypto and blockchain companies, and according to a new survey, […]
The post The Daily: EU Budgets €1M to Monitor Crypto, Wyoming Mulls Fintech Bank appeared first on Bitcoin News.
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The Philippine Securities and Exchange Commission (SEC) is exploring regulating cryptocurrency as trading platforms, according to SEC Commissioner Ephyro Luis Amatong. Commissioner Amatong also indicated that the current Australian and Swiss legislative apparatus pertaining to virtual currency exchanges are being considered as possible templates for the future regulatory framework of the Philippine SEC – the […]
The post Philippine SEC to Publish Draft Crypto Exchange Regulations Next Week appeared first on Bitcoin News.
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A draft law designed to amend California’s legislation to create legal grounds for the implementation of crypto-related technologies has been passed by the state’s legislature. Assembly Bill 2658 amends the California Civil Code, Government Code, Corporations Code, and Insurance Code to legalize the use of blockchain secured data and smart contracts in local and foreign […]
The post California Passes Bill Defining Blockchain and Crypto Terms appeared first on Bitcoin News.
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A new draft introducing amendments regarding the taxation of crypto incomes has been published in Poland. The bill differentiates between decentralized cryptocurrencies and centralized virtual money, and clarifies the tax regime applicable to crypto trading and mining. Also read: Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened Draft Distinguishes Between Cryptos and Centralized Coins […]
The post New Bill Clarifies Crypto Taxation in Poland appeared first on Bitcoin News.
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A draft law prepared by deputies and representatives of the industry aims to introduce light taxation of crypto incomes in Ukraine. Businesses and individuals will be required to pay 5% on their profits from trading and mining cryptocurrencies when exchanged to fiat. Add to that the mandatory ‘military charge’ of 1.5% all Ukrainians owe the […]
The post New Bill Proposes 5% Tax on Crypto Incomes in Ukraine appeared first on Bitcoin News.
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A draft ordinance aiming to regulate the issuance of “electronic money” has been presented in Romania. The document authored by the Finance Ministry specifies the entities that can act as issuers and clarifies the conditions under which e-money can be emitted. While it does not specifically mention cryptocurrencies, some of its definitions and provisions can […]
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