Tag: United States
Crypto-related Companies Shares Surge in the US
Reading time: < 1 minuteThe price of the shares of some large companies have risen substantially following Joe Biden’s recent announcement regarding digital assets.
SEC Head Ready to Cooperate with Other Departments to Control Cryptocurrencies
Reading time: < 1 minuteHis department is ready to cooperate with other supervisory authorities in the field of control over the blockchain industry.
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.
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).
BlockFi Intends to Register New Product in the US
Reading time: < 1 minuteCrypto lending platform BlockFi has recently announced its intention to confidentially file an S-1 application with the US Securities and Exchange Commission (SEC) for the BlockFi Yield (BY) product.
US Congress Rejects PWG Stablecoin Proposals
Reading time: < 1 minuteThe US House of Representatives Financial Services Committee has not given its support to the PWG proposal to equate the issuers of “stablecoins” with depository institutions with mandatory deposit insurance.
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.
The White House to Introduce Crypto Regulation in February
Reading time: < 1 minuteThe administration of US President Joe Biden plans to unveil a nationwide digital asset strategy in February 2022.
