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A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities
28.5.2022
A16z, one of the most influential VC firms in the crypto field, has announced the launch of a new cryptocurrency fund to invest in the development of Web3 startups. This fourth crypto fund from the firm, which will launch with a budget of $4.5 billion dollars, is set to focus on several key fields...
Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate
26.5.2022
Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to regulate the matter. Portuguese Lawmakers Stop Motions...
No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal
26.5.2022
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted...
SEC chair uses crypto enforcement in justification for FY2023 budget
18.5.2022
"We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space," said Gary Gensler
SEC’s Gensler Uses Crypto Oversight Needs As Case for Higher Budget
18.5.2022
Gary Gensler, the head of the Securities and Exchange Commission, made a pitch for a higher budget Wednesday, telling lawmakers in the U.S. House of Representatives that he wants to do more as a cop on the cryptocurrency beat. He cited the collapse of TerraUSD (UST) as evidence for the need...
Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto
22.4.2022
The regulator says it’s “committed to keeping pace” with the risks of “the growth of crypto assets”, upping its budget by $31 million in preparation
Report: Sega Developing New, 'Big-Budget' Jet Set Radio & Crazy Taxi Games
19.4.2022
Earlier this month we learned that Sega’s big, secret “Super Game” that has been in development for a while was actually a series of “AAA games”. Bloomberg is now reporting that the first two of those are “big-budget” Jet Set Radio and Crazy Taxi reboots.Read more
Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices
15.4.2022
The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan believe that such an approach would have a positive effect on the state budget. Miners...
Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value
29.3.2022
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced...
CTFC looks at expanded authority to regulate crypto, for less than a 10% budget increase
29.3.2022
The agency’s $365 million proposed FY2023 budget includes significant allocation for CPAs and whistleblowers
Crypto tax rules will reduce US budget deficit by $11B over ten years — White House
28.3.2022
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
Biden Budget Proposal Estimates Additional $11B in Revenues by 2032 by Updating Crypto Rules
28.3.2022
The proposal also seeks to expand the DOJ’s budget by $52 million to fight ransomware and combat the “misuse of cryptocurrency.”
Florida Governor Ron DeSantis Says State Is ‘Figuring out Ways’ to Allow Businesses to Pay Taxes in Bitcoin
24.3.2022
Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with cryptocurrencies. During the signing ceremony for a bill focused on financial literacy, DeSantis said that...
The Unnoticed OFAC Budget Ask in Last Week's Crypto Congressional Hearing
22.3.2022
U.S. Sen. Elizabeth Warren wants to task the Biden administration and Treasury Department with monitoring crypto transactions for fear of sanctions violations. The two Treasury agencies that would do so might already have the authority they need – but not the money
Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister
9.2.2022
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 be implemented before the central bank,...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
Indian Parliament Unlikely to Discuss Crypto Bill During Budget Session - Finance Minister
3.2.2022
The vivid debate surrounding India’s forthcoming crypto legislation has taken another turn as the country’s Finance Minister Nirmala Sitharaman announced that the bill is unlikely to be discussed during the parliament’s ongoing budget 2022 session that is to end on April 8.
Sitharaman...
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI
2.2.2022
The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance Minister Nirmala Sitharaman said during her budget speech. RBI’s...
Indian Government Needs More Time to Finalize Crypto Bill: Report
21.1.2022
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build...
Moviecoin․com to Transform Movie Financing on Blockchain
10.1.2022
PRESS RELEASE. London, England, January 10, 2022: Moviecoin.com brings movie funding and decentralized finance (defi) to both independent movie-makers and larger budget movies. Moviecoin.com will allow any budding movie producer, director, or writer to finance their own script and movie....