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The government in Kiev intends to legalize cryptocurrencies and comprehensively regulate the fintech sector as part of a new public policy developed by the economy ministry. The process may take up to three years to complete but eventually the industry built around digital assets should become a legitimate part of the country’s economy. Also read: […]
The post Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years appeared first on Bitcoin News.
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On Oct. 17, the world’s largest cryptocurrency exchange by volume, Binance, announced a partnership with blockchain surveillance company Chainalysis. According to the exchange, Chainalysis has implemented a compliance solution that meets regulatory guidelines worldwide. Also read: Bizarro World: Federated Sidechain Technology Promoted Over Nakamoto Consensus Binance Is Using Chainalysis for Compliance According to a press […]
The post Blockchain Surveillance Firm Partners With Cryptocurrency Exchange Binance appeared first on Bitcoin News.
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From Washington to Moscow, cryptocurrencies have entered the agenda of those who share a vocation to rule and regulate. Following the congressional summer vacation, the House of Representatives passed a bill that will enable the Treasury to investigate crypto transactions, while a Congressman plans to introduce three drafts supporting the crypto industry. Also in The […]
The post The Daily: New Crypto Bills on Capitol Hill, Russian Banks Face Demand for Cryptocurrencies appeared first on Bitcoin News.
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Over the last two years in the US, the federal government and states have been trying to grasp the concept of cryptocurrencies and apply them to traditional finance laws like taxes. The task has proven to be extremely difficult for federal agencies and officials however. One confusing issue is the application of state sales tax […]
The post Sales Tax and Bitcoin in the United States Can Be Confusing appeared first on Bitcoin News.
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Malta is not worried about crypto companies operating while their applications for licenses are still pending as the loophole does not mean they are free from obligations under the current regulations, officials from the island nation commented. Also in The Daily, a €3 million palazzo in Valletta has been put up for sale and the […]
The post The Daily: Malta Sees No Issue With Unlicensed Crypto Firms, Valletta Mansion on Sale for Crypto appeared first on Bitcoin News.
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In the absence of dedicated regulation, Ukrainians are expected to pay the regular 19.5% income tax rate on their profits from crypto-related activities like trading and mining, a high-ranking official from the Finance Ministry in Kiev explained. Crypto investors are free to report their digital funds as either property or financial assets. Also read: Uzbekistan […]
The post Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes 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 Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote. […]
The post Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework appeared first on Bitcoin News.
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August is not the best period for important decisions but it seems a good time to sketch plans for the second active half of the year. Authorities in several countries have shared their intentions regarding the regulation and oversight of the crypto space. The club of crypto-friendly jurisdictions may accept new members this fall. Others […]
The post Regulations Roundup: This Fall May Bring More Crypto-Friendly Jurisdictions appeared first on Bitcoin News.
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According to regional reports the Japanese financial institution, Mizuho Bank, is being accused of creating issues for Mt Gox customers who were hoping to withdraw funds after the exchange collapsed. Allegedly, even though the bank stopped processing Mt Gox withdrawals, it continued to accept deposits right before the exchange went under. Also Read: Bitcoin Cash Fans Celebrate […]
The post Japanese Bank Mizuho is Being Sued by Mt Gox Customer appeared first on Bitcoin News.
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