It effectively brings the tax rate for bitcoin sales from more than 36 percent to the flat 30 percent that other capital gains sales pay. It was, however, not …
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Tag: Lawmakers
French Lawmakers to Lower Cryptocurrency Tax by 6 Percent
The UK Could Be a 'Global Center' for Bitcoin If Its 'Wild West' Nature Is Tamed, Lawmakers Say
The cryptocurrency market is a “Wild West” that needs to be tamed by more regulation, according to a new report by the British Parliament's Treasury …
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Elaborate Indian Bitcoin Scam Involves Policemen, Lawmakers
Gujarat, the Indian home state of Prime Minister Narendra Modi, is at the center of a bitcoin-based Ponzi scheme that could end up being the biggest …
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Korean Exchanges Pass Review; Lawmakers Rush to Revise Bills | Asia Crypto Today
Tennessee Lawmakers Aim to Obstruct Retirement Funds from Cryptos
Last Tuesday Tennessee bureaucrats pushed forth a bill through the Tennessee Senate Ways and Means Committee that aims to obstruct government retirement funds from investing in digital assets like bitcoin. The bill has passed by a 10-0 vote and will move forward to the legislative chamber.
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Georgia Lawmakers Propose Tax Amendment That Allows Bitcoin Payments
Georgia Lawmakers Propose Tax Amendment That Allows Bitcoin Payments Two senators from the state of Georgia, Joshua McKoon and Michael Williams, have proposed a change to the Department of Revenue's statutes for tax collection and licenses. The bill was submitted on February 21, and the …
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NY lawmakers to review regulations on Bitcoin
New York state lawmakers say they want to know whether current regulations relating to cryptocurrencies like Bitcoin are up to the task of protecting consumers. Democratic Sens. David Carlucci, of Rockland County, and Jesse Hamilton, of Brooklyn, have scheduled a hearing on the topic Friday in New …
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Bitcoin Mining Comes To New York As Lawmakers Approve Power Allocation
Cloud mining service Coinmint has won approval to take over an abandoned smelter for Bitcoin mining operations on Tuesday, Jan. 30. As local news broadcaster WWNYTV reports Thursday along with local government documentation, lawmakers in upstate New York voted in favor of awarding …
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Nigeria's lawmakers think bitcoin is one big financial scam
The senate has asked Nigeria's central bank and other regulators to “investigate the proliferation of bitcoin” and do more to educate citizens about “the dangers” of the cryptocurrency. Much of the lawmakers' fears are based on recent events after Mavrodi Mundial Moneybox (MMM), a Russian ponzi …
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