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Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders


The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia...

48% of Ethereum Blocks Face Censorship From OFAC-Compliant Flashbots


For a couple of years now, MEV-Boost relays or Flashbots have become popular tools in order to gather the maximum value that can be extracted from Ethereum’s block production. However, in recent times, Flashbots have been controversial as people believe the technology threatens...

Georgia to Unveil New Cryptocurrency Law by This Fall


Authorities in Georgia are now holding discussions with industry representatives to finalize a bill designed to regulate coin trading, among other crypto-related activities. The legislation will be presented to the Georgian society this fall at the latest, a top central bank official announced....

The Number of Entities Using Bitcoin to Store Arbitrary Data Has Declined


Three years ago there were a lot of discussions concerning data embedded in bitcoin transactions and the block size space consumed by these OP_Return transactions. However, in recent times, the use of OP_Return transactions has dropped a great deal and the trend has lowered network fees to some...

Brazilian Senate Approves Cryptocurrency Law Project


The Brazilian Senate has approved a recently presented cryptocurrency policy, advancing the project to discussions in the deputy chamber. The proposal will have to be greenlighted by the deputies of Congress and signed by President Jair Bolsonaro to be approved as law. The project presented is...

Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets


Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still need to be carried out before a final decision is made. Interoperability of CBDCs Just under...

Lawmakers Keep Mentioning Privacy in CBDC Discussions


Hey folks. We’re still talking central bank digital currencies and digital dollars, so this week's State of Crypto has some quick and vaguely unhinged thoughts on recent actions and statements on this front

Russian Government Eyes $13 Billion in Taxes From Crypto Economy


Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles...

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