Tag: Regulations
Illinois Legislators Considering to Provide Tax Benefits to Bitcoin Miners
Reading time: < 1 minuteIllinois Senate Bill 3643, which would expand the tax relief program from data centers to cryptocurrency miners, was introduced in mid-January by Republican Senator Sue Rezin.
Lawyers Told Ripple in 2012 XRP Did Not Seem to Be a Security
Reading time: < 1 minuteA consultation provided to Ripple by law firm Perkins Coie in 2012 argued the XRP token is not a security.
UAE Decides to Develop Crypto Business and Prepare Licensing
Reading time: < 1 minuteThe United Arab Emirates is seeking to attract the world’s largest crypto companies and to this end it is ready to issue federal licenses to virtual asset service providers by the end of the first quarter.
Introduction of Tax Incentives for Miners is Proposed in Illinois
Reading time: < 1 minuteA bill has been introduced in the Illinois State Senate to expand the data center tax credit program to businesses that mine Bitcoin and other cryptocurrencies.
The SEC Starts Investigation into Binance.US
Reading time: < 1 minuteBinance.US, the US branch of crypto exchange Binance, has came under increased control by the Securities and Exchange Commission (SEC).
Russian Ministry of Finance Proposes Limit on Crypto Investments
Reading time: < 1 minuteThe Ministry of Finance of Russia has just proposed to set a limit on investments in cryptocurrency for novice investors in the amount of 50 thousand rubles.
Indian Crypto Exchanges Hold Talks with Authorities on Industry Legalization
Reading time: < 1 minuteIn late 2021 it became known that representatives of the government and the Reserve Bank of India planned meet with the crypto business in February.
US IRS Does Not Plan to Collect Taxes From Miners and Stakers
Reading time: < 1 minuteThe US Internal Revenue Service (IRS) has decided not to tax unrealized profits derived from crypto staking or mining digital assets.
The United States Proposes to Restrict Ministry of Finance Power in Blocking Crypto Transactions
Reading time: < 1 minuteJim Himes, Member of the US House of Representatives, has opposed the expansion of the powers of the Treasury in terms of blocking accounts and crypto transactions.
Thailand’s Authorities Plan to Restrict the Use of Cryptocurrencies in Payments
Reading time: < 1 minuteThe Thai regulators are preparing to ban crypto payments on the country by issuing new guidelines on certain digital assets that support the financial system and innovation without creating risks.
