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What crypto hodlers should keep in mind as tax season approaches

2.2.2023
Filing crypto taxes can be complex, especially for those exploring the decentralized finance world. Here’s what to keep in mind

Chinese Economist Urges Government to Reconsider Crypto Ban — Warns of Missed Tech Opportunities

2.2.2023
An economics professor and former adviser to the People’s Bank of China has urged the Chinese government to reconsider its ban on cryptocurrencies. He warned that banning crypto activities could result in missed opportunities that are “very valuable” to regulated financial...

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...

London Crowned World’s Leading Cryptocurrency Hub, According to Study

2.2.2023
According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country....

Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation

1.2.2023
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...

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...

Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

31.1.2023
According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations

Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months

31.1.2023
The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal...

Genesis Capital’s fall might transform crypto lending — not bury it

28.1.2023
TradFi firms with expertise in risk management may soon “fill the void” left by bankrupt crypto lenders, a Duke finance professor predicts

Hive Ransomware Network Dismantled by American, European Law Enforcement

27.1.2023
Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted various organizations worldwide in the past couple...

Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%

27.1.2023
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power...

Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse

26.1.2023
Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC

FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies

26.1.2023
The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street...

Where Are the Crypto OGs? — Taxation Is Theft, but Joe Biden Needs Ice Cream Money

26.1.2023
Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they...

Central African Republic Sets Up Committee Tasked With Drafting Crypto Bill

26.1.2023
The Central African Republic (CAR) president, Faustin-Archange Touadéra, recently said his government has established a 15-member committee tasked with creating a comprehensive legal framework that governs the use of cryptocurrencies. According to an official document issued by the CAR cabinet,...