Tag: cryptocurrency regulation

The post No Ban on Cryptocurrency! Here’s what US Lawmakers Have to Say appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Brad Sherman, the Democratic Representative said the probability of banning cryptocurrencies is low in the foreseeable future, in an interview with Los Angeles Times. Sherman is the chair of the House subcommittee on investor protection and is considered...

Taxes and crypto are turning into hot items. Until a few years ago, nobody cared much about it. However, nowadays, the IRS and tax authorities in other countries are on the ball. Each country seems to have different laws as well. That may be confusing, pending where you live. Some countries are crypto tax friendly. Portugal or Germany come to mind. On the...

Yet another ground-breaking legal proceeding is set to take place in the crypto space as Grayscale Investments drags the U.S. SEC to court. The world’s largest crypto asset manager, Grayscale Investments, recently filed a petition against the United States Securities and Exchange Commission (SEC). The petition accuses the SEC of violating both the Administrative Procedure Act and the Securities Exchange Act of 1934....

The New Finance Bill (2022), also known as the crypto tax bill, aims to levy a 1% TDS on crypto transactions. TDS, Tax Deducted at Source, is applicable on Exchange trading, P2P orders, etc, starting from 1st July 2022. The idea behind TDS is to collect tax from the very source of income. In other words, a person who is required to make...

Crypto markets have been battered this year, declining 70% since their peak. Bear markets are nothing new but, are there any factors that could spell the death of crypto? Bull markets are full of crypto optimism and wild price predictions for Bitcoin and its brethren. However, the opposite happens in a bear market, with doomsayers often claiming that BTC prices could go to...

Today, June 7, 2022, should see a large piece of crypto legislation start the process in the US. It should define the position of coins as a security or a commodity. It should also include stablecoins and the direction of NFTs. The report even includes CBDC frameworks. However, yesterday, June 6, a first draft appeared. Sometimes leaks are...

Earlier this month, a Shanghai High People’s Court made a stunning statement. All of a sudden, Bitcoin is a legal virtual property according to this court. That took quite a few people by surprise. Especially looking at earlier crypto bans by China. To put this in perspective, we are going to give you a timeline of China's stance versus Bitcoin. Let's have a...

In what could be a significant development amid a widespread crash in the cryptocurrency market, the Financial Accounting Standards Board (FASB) on Wednesday took a decision for addressing the recognition and measurement of digital assets, in a unanimous vote. In this regard, deliberations would be held to review accounting for exchange-traded digital assets and...

The post UK Plans For Crypto Adoption; Powers to Seize & Recover Crypto Assets appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The Government of the U.K's plans for the safe adoption and easy recovery of crypto assets is outlined in the Queen's speech. Which creates more power to quickly and easily seize and recover crypto assets. As outlined...

The post Cryptocurrency Regulation in Malta: Embracing The Crypto Revolution appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide A global leader in crypto regulation Malta is taking a very progressive approach to cryptocurrencies. Well, crypto is not a legal tender in Malta, rather they are established as a 'medium of exchange, a medium of the unit, or a store...

The post Indian Government Throws Another Bomb On Crypto Community, Impose 28% Tax On Crypto Transaction! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide In India From 1st April 2022, 30% of tax levied on the part of crypto transactions, and 1 percent TDS as proposed in the 2022-23 budget on payments towards virtual currencies. In addition to this...

The post Cryptocurrency Regulation in Cayman Island appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Virtual assets in the Cayman Islands are accepted and digital representations of value that can be electronically traded and used for investment purposes. The Cayman Islands are the most popular jurisdictions in the world for blockchain-related businesses and cryptocurrency funds. Well known for the...

The post Crypto Regulations In Ukraine: How is the Government Responding to Cryptocurrencies appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Ukraine has taken an important step towards the development of the Cryptocurrencies Market, by legalizing the Crypto sector in the country. President Volodymyr Zelensky signed the law on March 16, 2022. Alongside, the President has removed many taxes...

The post Argentina's Largest Private Bank To Introduce Crypto Trading appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Even though Cryptocurrencies in Argentina are not a legal tender, Argentina has served as a regional tender in the area of cryptocurrency. Argentina became an early adopter of cryptocurrency to protect inflation and circumvent prohibitions on transfer of foreign currency outside...

Imagine the possibility of paying your taxes and completing private transactions with cryptocurrencies. Thanks to the Panama Legislative Assembly, the possibility of this is no longer a figment of the imagination. It is an undisputed fact that the road to global crypto adoption lies in proper, effective, and adequate regulations. Panama is blazing the trail in this aspect. The Latin American country recently...

The post Crypto Law Collaboration Between Australia and The US: Here's What it Includes appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The two sophisticated financial economies of the United States and Australia are now together to drive crypto standards throughout the world. Both governments are planning to set global crypto standards, noting a similar executive order of Treasurer...

The post Cryptocurrency Regulations Dubai - World's Next Crypto Capital appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Dubai has been supporting the growth of cryptocurrency by regulating crypto to attract crypto businesses to economic competition around the globe. Dubai is now stepping towards becoming the crypto capital of the world as two more new crypto companies have set...

As it turns out, the Central African Republic did not adopt bitcoin as legal tender. Yesterday, a Forbes Monaco article took the bitcoin world by storm. It said an African country had followed El Salvador’s footsteps and...

Since its inception, the blockchain and cryptocurrency space has faced a lot of criticism from regulators worldwide. The Emirate of Dubai is, however, showing signs of becoming a true crypto haven. In recent times, we have seen an influx of crypto firms into the emirate city of Dubai. Most of these crypto firms have moved their major operations into both Dubai and its...

The crypto space is still fairly new to the world. As a result, there is not a lot of regulation at this moment in time. Various countries all have different approaches. Most importantly, taxes are a delicate topic. As a crypto investor, where is the best place in the world to live? We will take you on a tour around the world and...