Is China’s apprehension to ban NFTs a hopeful sign for investors?
China’s mixed signals regarding its local NFT industry have investors confused about where the local market may be headed. Go to Source Powered by WPeMatico
Law
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CTFC looks at expanded authority to regulate crypto, for less than a 10% budget increase
The agency’s $365 million proposed FY2023 budget includes significant allocation for CPAs and whistleblowers. Go to Source Powered by WPeMatico
Crypto donation startup launches IRS form as US tax season loom
Nonprofits are required to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar. Go to Source Powered by WPeMatico
Law Decoded: Crypto taxes and taxes on crypto, March 21–28.
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains. Go to Source Powered by WPeMatico
From taxes to electricity, blockchain adoption is growing in Austria
The blockchain technology landscape is shifting in Austria, with public institutions and private firms experimenting with the tech. Go to Source Powered by WPeMatico
EU Parliament can outlaw transacting with ‘unhosted’ wallets, crypto advocate warns
The proposed legislation would require exchanges to verify personal data behind any transaction. Go to Source Powered by WPeMatico
Russian Prime Minister, Economy Ministry Support Legalization of Cryptocurrencies
Prime Minister Mikhail Mishustin and the Russian Ministry of Economic Development have backed efforts to regulate cryptocurrencies and integrate them into the country’s economy. The support comes amid mounting sanctions over the war in Ukraine which restrict Russia’s access to global finances. Finance Ministry’s Push to Legalize Russian Crypto Space Gains Traction Russian authorities are … Read more
US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation
Senator Cynthia Lummis has won support from a Democrat senator for her new digital asset bill. Go to Source Powered by WPeMatico
Colorado accepts tax payments in crypto: Was it just a matter of time?
Colorado is set to accept tax payments in crypto. To some experts, it’s only a matter of time before other U.S. states follow suit. Go to Source Powered by WPeMatico
‘US Government does not stand for freedom’: Bukele reacts to US bill passing Senate committee
The bill would direct federal agencies to scrutinize how El Salvador implements its Bitcoin law. Go to Source Powered by WPeMatico