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Latam Insights: Bukele Announces Self-Financed Budget; Salvadoran Coffee Purchase Settled With Bitcoin
23.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using bitcoin, and Lightspark eyes the region’s markets....
Bukele States El Salvador Will Self-Finance 2025 Budget, Won’t Issue Even ‘a Cent’ of Debt
18.9.2024
President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be the first time this happened in decades...
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
16.9.2024
Bukele spoke during the commemoration of 203 years of El Salvador independence
Does Bitcoin’s negative funding rate signal that bears are in total control?
11.9.2024
Bitcoin’s perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience
Insiders Report Report Kamala Harris Backs Biden’s Plan to Tax Unrealized Gains
21.8.2024
As Kamala Harris eyes the presidency, reports highlight the Harris-Walz campaign’s backing of President Joe Biden’s budget proposal. This plan seeks to raise capital gains to 44.6% and introduces a 25% minimum tax on unrealized gains for Americans with over $100 million in wealth. Harris is also...
The BioShock Movie Is Still In The Works, But Will Be ‘Much Smaller’ Than Originally Planned
26.7.2024
It’s been a while since we got news of Netflix’s BioShock adaptation, but we finally have an update thanks to San Diego Comic-Con. During a panel at the convection, producer Roy Lee revealed that, yes the movie is still happening, but it won’t be exactly as it was originally intended due to recent...
India Maintains Crypto Tax Regulations in 2024/25 Budget
23.7.2024
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India....
Indian finance minister ignores crypto industry’s budget tax plea
23.7.2024
Local crypto businesses pushed for a reduction in the 1% TDS to 0.01% to revive its customer base
India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
23.7.2024
The primary demand from India's crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%
India Unlikely to See Crypto Tax Reduction in Tuesday's Budget
22.7.2024
India is unlikely to introduce any changes to its controversial tax-deducted-at-source (TDS) policy on Tuesday when Finance Minister Nirmala Sitharaman reveals her budget for 2024-2025, experts predicted
Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
20.7.2024
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs
Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms
20.7.2024
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs
Turkey targets Crypto with new 0.03% transaction tax
14.6.2024
Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes
US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense
27.5.2024
U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more...
Blockchair’s Lead Developer Expresses Concerns Over Bitcoin’s Security Budget
1.5.2024
Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin’s dwindling security budget. Zhavoronkov stated that the network needs to experience sustained high fees to offset the security impact of the latest halving. After...
US Presidential Candidate RFK Jr Unveils Plan to Put Entire US Budget on Blockchain
23.4.2024
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled his plan to put the entire U.S. budget on a blockchain. “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day,” he explained, adding that if somebody is spending...
Robert F. Kennedy Jr Wants to Move US Budget Management to the Blockchain
22.4.2024
Robert F. Kennedy Jr., a candidate for the United States presidential election, is dedicated to implementing blockchain technology to change the US budget system. At a Michigan campaign rally on April 21, he announced his plans, saying that the change would allow Americans to see "every budget item...
Canada To Adopt International Standard For Crypto Tax Reporting – Here’s What That Means
19.4.2024
Canada is set to implement the International Crypto-Asset Reporting Framework (CARF) for crypto tax reporting by 2026, as per the country's 2024 budget. The move will place new obligations on Canada crypto service providers, such as exchanges and ATM operators, to report transactions and customer...
Crypto Service Providers in Canada Must Report Transfers, Customer Data By 2027
17.4.2024
Crypto firms in Canada will soon face increased disclosure obligations, per regulations introduced in Tuesday's 2024 federal budget.
The post Crypto Service Providers in Canada Must Report Transfers, Customer Data By 2027 appeared first on Cryptonews
Russia Discusses Testing Digital Ruble for Budget Payments
27.3.2024
The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure...