Government Policies and Cryptocurrency Adoption 36

Cryptocurrency Industry Opposes Proposed Tax Regulations, Citing Threat to Decentralized Finance

The cryptocurrency industry is pushing back against proposed regulations that would require more entities to disclose digital currency transactions. The US Treasury Department released draft guidelines in August aimed at addressing challenges related to reporting and taxing cryptocurrency transactions. Critics argue that these measures would hinder the broader crypto market and decentralized finance, raising constitutional […]

Ripple Executive Advocates for Technology-Neutral Approach to Cryptocurrency Regulation

A Ripple executive has emphasized the importance of adopting a technology-neutral approach to cryptocurrency regulation. Navin Gupta, managing director of South Asia, Middle East, and North Africa at Ripple, believes that regulations should be based on the activity being conducted rather than the specific technology being used. He argues that whether a transaction occurs on […]

Australian Tax Office Clarifies Tax Treatment of DeFi and Crypto Wrapping

The Australian Taxation Office (ATO) has clarified its stance on the capital gains tax (CGT) treatment of decentralized finance (DeFi) and the wrapping of crypto tokens. The ATO has emphasized its commitment to taxing Australians on capital gains during the wrapping and unwrapping processes. According to the ATO, the wrapped token is not considered the […]

Asia-Pacific Economic Cooperation (APEC) Summit Focuses on Sustainable Finance and Digital Assets

The Asia-Pacific Economic Cooperation (APEC) summit kicked off in San Francisco, with a highly anticipated meeting between US President Joe Biden and Chinese leader Xi Ping scheduled for November 15. While the focus of the event is on the regional economy, the finance ministers’ meeting is also of great importance. US Treasury Secretary Janet Yellen […]

Crypto Overtakes Stocks and ETFs as Top Investment Choice for French Retail Investors

Crypto has become the preferred investment choice for new retail investors in France, surpassing stocks and exchange-traded funds (ETFs), according to a study conducted by France’s financial markets regulator, Autorité des Marchés Financiers (AMF), and the Organization for Economic Co-operation and Development (OECD). The study revealed that 9% of French adults own cryptocurrencies like Bitcoin […]

US Cryptocurrency Advocacy Group Opposes Proposed IRS Tax Regulations

The Blockchain Association, a cryptocurrency advocacy group in the United States, has expressed opposition to proposed tax regulations by the Internal Revenue Service (IRS). In a letter submitted on November 13, the association argued that the IRS rules, which aim to regulate the sale and exchange of digital assets, exceeded the agency’s authority and demonstrated […]

Binance Blockchain Week Istanbul 2023: Uniting Global Crypto Community in Turkey

Binance Blockchain Week Istanbul 2023 was a resounding success, bringing together various crypto projects in the midst of a challenging market. The event served as a platform for developers working on Web3 to connect with the community and explore new possibilities. A major highlight was the introduction of Binance’s groundbreaking self-custody Web3 wallet, which holds […]

French Millennials Embrace Crypto Investments, Relying on Digital Sources for Information

The investment landscape in France is experiencing a significant shift, with a growing interest in cryptocurrency among younger citizens. According to a recent study conducted by the Autorité des marchés financiers (AMF), nearly one in four French adults are engaged in investments in financial instruments or crypto-assets. This represents a considerable increase in retail investment […]

French Millennials Embrace Crypto Investments, Relying on Digital Sources for Information

Porto Alegre Recognizes May 22 as Bitcoin Pizza Day

A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]