Category: N-Economy
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Russian Parliament Postpones Adoption of Digital Assets Bill
The State Duma, the lower house of Russia’s parliament, has postponed the second reading of a long-awaited bill intended to regulate cryptocurrencies in the country. Lawmakers will review the draft law “On Digital Financial Assets” during the spring parliamentary session next year, the house deputy speaker Sergey Neverov announced. Also read: Transnistria Welcomes Crypto Miners,…
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France Rejects Cryptocurrency-Friendly Tax Amendments
France’s National Assembly has rejected a number of tax amendments aimed at lowering taxes for cryptocurrency traders and users. Among rejected amendments are those concerning capital gains and losses and crypto tax exemptions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Crypto Amendments Rejected The French National Assembly rejected a number of…
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Russians to Be Allowed ICO Investments up to $9,000 per Year
Russian lawmakers have revised another bill regarding the regulation of the industry built around cryptocurrencies. In its latest version, the draft law on crowdfunding sets the maximum amount of money ordinary Russians will be permitted to invest in projects such as ICOs at less than $9,000 per year. Also read: Lawyers to Help the…
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Cointext Rolls Out Mobile BCH Services in Bangladesh, Now Services 38 Countries
Cointext has launched internet-free mobile BCH wallet services to users in Bangladesh. The announcement comes following the recent rollout of Cointext’s services in many new regions, bringing the total number of countries now able to access the company’s services to 38. Also Read: How to Spend and Give Bitcoin Cash Over the Holidays Cointext Launches BCH…
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Transnistria Welcomes Crypto Miners, Plans to Expand the Industry
The government of Transnistria has recognized the importance of cryptocurrency mining for the territory’s economy and budget. The unrecognized republic in Eastern Moldova now plans to expand the industry by attracting more miners with a crypto-friendly business climate and favorable regulations. Also read: CEO of Romanian Exchange Coinflux Arrested on US Warrant Tiraspol Plans…
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Japan Publishes Draft Report of New Crypto Regulations
Japan’s Financial Services Agency has published its draft report outlining new cryptocurrency regulations. The report contains measures in areas that are not currently addressed in existing laws such as hacking incidents, self-regulation, deemed dealers, privacy coins, and margin trading. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations New Crypto Regulatory Framework…
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Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws
In the absence of a comprehensive regulatory framework for cryptocurrencies in Russia, lawyers have taken matters into their own hands. A new advisory body of legal experts will look into cases where the current legislation does not reflect the specifics of the growing digital economy and propose solutions. Also read: CEO of Romanian Exchange Coinflux…
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Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments
Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments. Also Read: BTI…
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Free Speech Social Network Gab Starts Accepting BTC
Gab, a social network dedicated to preserving freedom of speech, has announced that its store now accepts BTC directly after banks and payment processors denied the platform service. “Literally no one can no-platform our new crypto shop,” Gab announced. The platform integrated Btcpay Server after it was refused service by Coinbase and Bitpay. Also read: Indian…