Wyoming Passes Blockchain Bank Bill Despite Industry Opposition

Despite serious opposition from the banking industry, the state of Wyoming has passed a blockchain bank bill almost unanimously. The move further cements the state’s welcoming approach to blockchain integration. 13-1 Majority to Pass the Bill The state of Wyoming has a reputation for being welcoming towards blockchain technology. This reputation was strengthened by a legislative […]

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France Considers a Flat Capital Gains Tax for Bitcoin

The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital gains tax. 30% Flat Tax on Bitcoin Gains Reuters reports that the finance commission in the lower house of the French parliament has backed plans to […]

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U.S. Federal Election Committee Considers Request to Mine Cryptocurrency for Political Campaigns

Candidates for the 2020 presidential election may be able to accept cryptocurrency mining profits as campaign donations.  Could Mining Reform Political Campaigning? Osia Network, LLC, recently made a request to embed cryptocurrency mining tools on the FEC website and the U.S Federal Election Committee (FEC) is considering whether or not mining profits could be used […]

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SEC Will Review Wednesday Decision to Reject BTC-ETF Proposals

The SEC has decided to review yesterday’s orders denying approval of numerous Bitcoin exchange traded funds. Is There a Light at the End of the Tunnel? In what is sure to be surprising news for all, the U.S. Securities and Exchange Commission (SEC) has decided to place a stay on three orders that rejected Bitcoin […]

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Increasing Number of Nations Are Competing to Be the Most Bitcoin-Friendly

Several countries are racing to become the world capital of cryptocurrency technologies. Bermuda, Gibraltar, and Malta are now competing with France to lure cryptocurrency companies to establish headquarters in their respective capitals. Advancing Initiatives to Expedite the Growth of the Crypto Industry Tax havens and business paradises such as Bermuda, Gibraltar, Liechtenstein, and Malta are […]

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South Korea’s Financial Services Commission Announces Creation of Cryptocurrency Division

South Korea’s Financial Services Commission recently announced a “major organizational reshuffle” to help protect consumers and adapt to changing financial innovations. Part of the reorganization includes a new division to oversee the cryptocurrency sector. The government of South Korea has taken a relatively careful and considered approach towards cryptocurrencies and blockchain technology over the last […]

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International Watchdog to Introduce Binding Regulations for Cryptocurrency Exchanges

Georgi Georgiev · June 14, 2018 · 1:00 am The Financial Action Task Force (FATF) – a multi-national agency tasked with combating global financial criminal activity, will discuss developing and introducing legally binding rules for governing cryptocurrency exchanges later this month. Reuters reports that the Paris-based agency – comprised of 37 countries – will meet […]

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Thailand Temporarily Bans ICOs, Waives Cryptocurrency Tax

Dieter Holger · May 19, 2018 · 2:00 pm Following new cryptocurrencies regulations that came into force Monday, Thailand is grappling with how to regulate and tax the burgeoning market as the public weighs in. Regulations on the Horizon The Thai government will waive the previously planned 7 percent value-added tax (VAT) for individual cryptocurrency investors […]

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Canada Keeping Their Eye on Unauthorized Exchanges

Nikita Blows · April 7, 2018 · 10:30 pm Due to complaints received, the Ontario Securities Commission in Canada is in the process of investigating crypto exchanges in a bid to ensure that they are adhering to the country’s securities laws. The amount of different digital currencies available to trade has increased exponentially since Bitcoin […]

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Smart Contracts are Seeping into U.S Law – Tennessee Passes Bill

Melanie Kramer · April 2, 2018 · 1:00 am Tennessee has become the latest U.S state to pass a bill recognizing the legal authority of blockchain technology and smart contracts in conducting electronic transactions. The bill was passed by Tennessee Governor, Bill Haslam on March 26th, 2018, confirming the legal authority of blockchain and smart […]

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