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Arbitrum Foundation Sold ARB Tokens Ahead of 'Ratification' Vote on Governance, Budget
2.4.2023
Arbitrum Foundation would be “severely damaged” without blank check grantmaking powers, according to a blog post
SEC's Gensler seeks $2.4B in funding to chase down crypto 'misconduct'
30.3.2023
SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
15.3.2023
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
Bitcoin slips under $20K amid Biden budget, Silvergate collapse
10.3.2023
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level
Biden budget proposes 30% tax on crypto mining electricity usage
9.3.2023
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources
Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
9.3.2023
U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions
Biden wants to double capital gains and clamp down on crypto wash sales: Reports
9.3.2023
The Biden administration wants to apply the wash sale rule to digital assets
Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3
23.2.2023
Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3
Hong Kong's Web3 Sector Gets HK$50 Million Boost in Annual Budget – Here's the Latest
22.2.2023
In line with the Chinese city’s plans to establish itself as a leading crypto hub in Asia, Hong Kong’s authorities have unveiled plans to set aside HK$50 million (US$6.4 million) in the territory’s 2023-2024 budget with the aim to boost the capacities of its Web3 sector....
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Hong Kong Backs Web3 With $6.4M in Annual Budget
22.2.2023
The city's Financial Secretary will lead a task force dedicated to development of virtual assets
Meta Reportedly Preparing for a New Round of Layoffs
14.2.2023
Meta, the company that owns Whatsapp, Instagram, and Facebook, is reportedly preparing to announce a new round of layoffs in the coming days. According to reports, the company is delaying the finalization of the budget for each one of its teams, causing operational delays and affecting the output...
How Bitcoin NFTs Might Accidentally Fix Bitcoin's Security Budget
6.2.2023
Ordinal NFTs have rejuvenated Bitcoin’s transaction fee market. Will it prove useful?
Uzbekistan Collects Over $300,000 From Crypto Sector
4.2.2023
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan...
Defense Fund: Maker’s new contingency budget fund
3.2.2023
The Defense Fund will soon be created following the approval that has come directly from the Marker Governance. The Defense Fund is expected to play a considerable role in reimbursing active MakerDAO participants for all their legal expenses. This development has been shared by Maker through...
Crypto goes without any mention in the 2023 Union Budget
2.2.2023
Several announcements made during the presentation of the 2023 Union Budget are being debated over the internet. One of them is the kind of relief that the Indian crypto industry was expecting but did not get. A boost to the 5G network, artificial intelligence, and green hydrogen made a lot...
Indian Government Introduces New Crypto Tax Penalties
2.2.2023
The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed...
Here's why India held on to older crypto reforms in national budget 2023
1.2.2023
Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022
India Keeps Restrictive Crypto Tax Rules In 2023 Budget
1.2.2023
Indian Finance Minister Nirmala Sitharaman has unveiled the 2023 budget for the nation
India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’
1.2.2023
India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because...