Sudanese financial regulator considers cryptocurrencies to be the source of “high risks” as the demand grows.
Category: Regulation News
Crypto donation startup launches IRS form as US tax season looms
Nonprofits are required to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar.
Vietnamese deputy PM calls for building legal framework for digital assets
Vietnam has had quite a love and hate relationship with the crypto market where it has authorized and banned Bitcoin use on numerous occasions.
Bosnian court sides with Bitcoin miner in frozen bank account case
The second-largest Italian bank would have to pay $144 million in compensation to the mining farm, the judge rules.
US Congress agency recommends 4 key policy options for blockchain
GAO aims to help policymakers, including Congress, federal agencies, state and local governments, observe seamless blockchain implementation.
Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives
A new push for clarity on compliance from Senator Wyden aims to ensure economically distressed communities receive promised benefits from crypto mining companies.
Grayscale gears up for legal battle with SEC over Bitcoin ETF
“I think all options are on the table,” said the Grayscale CEO, adding that the company has put its “full resources” into converting its flagship […]
Law Decoded: Crypto taxes and taxes on crypto, March 21–28.
Some jurisdictions are introducing digital assets as tax payment options while others levy hefty taxes on crypto gains.
Crypto tax rules will reduce US budget deficit by $11B over ten years — White House
The budget from the Biden administration said modernizing tax rules to include digital assets will bring the government $4.9 billion in revenue in 2023.
From taxes to electricity, blockchain adoption is growing in Austria
The blockchain technology landscape is shifting in Austria, with public institutions and private firms experimenting with the tech.