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…
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Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed…
Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister
India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will…
FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’
The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid introduction of a variety of crypto-asset or digital asset products…
US lawmaker pushes for state-level regulations on stablecoins at hearing on digital assets
Patrick McHenry implied that the U.S.' regulation of stablecoins with a “single regulator at the federal level” would likely fail.
DoJ seizes $3.6B in crypto and arrests two in connection with 2016 Bitfinex hack
"The department once again showed how it can and will follow the money, no matter what form it takes," said Deputy Attorney General Lisa Monaco.
US Senator: China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities
A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and…
Major crypto firms and groups form coalition aimed at promoting ‘market integrity’
“Harmonizing a broad global approach to digital assets and competition in the digital currency space race, can improve U.S. competitiveness, security and lower fundamental costs for basic financial access,” said…
Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulation…
US Treasury Warns NFTs May Present New Illicit Finance Risks
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and…
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