Auto Added by WPeMatico

Russian Government Eyes $13 Billion in Taxes From Crypto Economy

Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as…

Continue ReadingRussian Government Eyes $13 Billion in Taxes From Crypto Economy

No precedent: IRS court settlement doesn’t clarify crypto staking taxes

There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.

Continue ReadingNo precedent: IRS court settlement doesn’t clarify crypto staking taxes

Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report

The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have…

Continue ReadingRussian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report

Stealth rulemaking: Is proposed SEC rule with no mention of crypto a threat to DeFi?

A 600-page document proposes changes to the definition of an exchange that could extend to include DeFi protocols.

Continue ReadingStealth rulemaking: Is proposed SEC rule with no mention of crypto a threat to DeFi?

America COMPETES Act passes House without ‘disastrous’ provision on crypto

A provision originally included in the bill had critics saying the Treasury Secretary would not have had limits on surveilling crypto firms suspected of illicit transactions, nor open the matter…

Continue ReadingAmerica COMPETES Act passes House without ‘disastrous’ provision on crypto

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report

Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While…

Continue ReadingDemand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report

US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to "ensure that our tax code evolves with our use of virtual currency."

Continue ReadingUS lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200