Fri, March 29

United Kingdom Officially Embraces Cryptocurrency as a Regulated Financial Activity

The United Kingdom has passed a landmark bill recognizing cryptocurrencies as regulated financial activities within the country. This significant decision by the UK government has marked a great turning point in the global crypto market. It reflects the growing acceptance and understanding of the potential of cryptocurrencies.  On June 29,

June 29, 2023 2 mins read

North Carolina Passes Bill Banning CBDC Payments and Fed Testing

The North Carolina House of Representatives has passed a bill, “HB690,” that prohibits individuals from using central bank digital currencies (CBDCs) to make payments to the state. The legislation also prohibits the Federal Reserve from using North Carolina as a potential testing ground for its own CBDC pilot. The bill

May 5, 2023 3 mins read

Will Bitcoin Mining Face Harsh Restrictions in Texas?

Texas, the leading Bitcoin mining capital of the world, is just a phase away from passing the most significant anti-Bitcoin mining bill. On Tuesday, the State Committee in Austin approved the bill with zero opposition votes, moving it to the “uncontested” list. Currently, it is in the queue in the

April 5, 2023 2 mins read

Famous US Senators Stand For Tax-Free Crypto Transaction

US Senators Proposed a tax-free bill for small crypto transactions. The bill demands cryptocurrency transactions less than $50 be exempt from taxation. Famed US Senators have proposed a new bill that would exempt modest crypto transactions from capital gains taxes. A proposed bill attempts to exempt Americans from keeping track

July 26, 2022 1 min read

UK Parliament’s New Agenda: Sign of Crypto Adoption?

The bill will provide standards for utilizing stablecoins. The regulator will have the authority to refund the victims. UK finance minister Zahawi announced that the long-awaited financial services and markets bill would be presented before parliament on Wednesday, in order to capitalize on the benefits of Brexit and transform the

July 20, 2022 1 min read

Most Awaited Bitcoin Mining Bill Sanction By Paraguay Chamber

Under the bill cryptocurrency firms will not be required to pay VAT. The power consumption for mining activity will be done under ANDE. On July 14, the South American country Paraguayan senate sanctioned a complete bill to restrict cryptocurrencies and enable bitcoin miners to utilize extra electricity produced in the

July 16, 2022 2 mins read

Kazakhstan Regulations Added Amendment on Crypto Mining

Taxes will be calculated based on the average cost of the electricity used to make coins. PIT rate on dividends was raised from 5% to 10% under the new Tax Code. A bill extending Kazakhstan’s Tax Code to impose higher tax rates on cryptocurrency miners has been enacted by the

July 13, 2022 2 mins read

Mexican Senator Indira Kempis Proposed Bill To Legalize Bitcoin

Over 67 million individuals in Mexico still do not have access to a bank account. Indira Kempis proposed a bill to accept BTC as legal tender in Mexico. Mexican senator Indira Kempis proposed a bill to accept Bitcoin (BTC) as legal tender in Mexico and claims the second-largest market that

July 2, 2022 2 mins read

Panamanian Bank Towerbank Turns “Bitcoin-Friendly”

 Bitcoin withdrawn from exchanges can be deposited in the bank accounts.   As of now, the bank does not provide any direct crypto-based services. Towerbank, one of the top banks in Panama, has now joined the list of “crypto-friendly banks” that have voiced their support for Bitcoin adoption. Initially, this information

June 1, 2022 2 mins read

Paraguay Passes Crypto Regulation Bill Through Majority Votes

The Paraguayan Chamber of Deputies passed a cryptocurrency regulation bill. Deputies voted 40 to 12 to enact the revised bill draught in a special session. Several countries, including Paraguay, have followed El Salvador and the Central African Republic in approving Bitcoin as a form of legal money. In Latin America,

May 29, 2022 1 min read