The Block: Bill advancing de minimis tax exemption for crypto transactions returns to Congress
Thursday, 03 February 2022 21:15
The bill would free crypto users of the need to pay capital gains taxes on crypto used in smaller personal transactions. The post Bill advancing de minimis tax exemption for crypto transactions returns to Congress appeared first on The Block.
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cryptodaily.co.uk: Facebook Meta - good for the metaverse?
Thursday, 03 February 2022 21:48
Meta, its shares having crashed 20% on the back of its poorly perceived fourth quarter financial results, is spending most of its earnings on the Metaverse. Is its idea of a centralised and controlled Metaverse antithetical to the idea of what a Metaverse should be? Zuckerberg’s Facebook,…
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cryptodaily.co.uk: Gamestop Partners With Immutable X To Launch NFT Marketplace
Friday, 04 February 2022 07:55
Gamestop has announced that it is partnering with blockchain startup Immutable X to launch its NFT marketplace sometime later in 2022, as the companies look to take advantage of the booming NFT space. Both companies have also announced the creation of a $100 million fund that will…
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Coingape: Russia’s Head Of Chamber Calls For Bitcoin Mining To Be Recognized As Business
Friday, 04 February 2022 11:09
The government of Russia is coming under more pressure to make more friendly regulations for crypto in the country. A letter sent to Russia’s finance minister by Sergey Katyrin, the head of the Chamber of Commerce and Industry of the Russian Federation (RF CCI), urged the government…
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cryptodaily.co.uk: The first green shoots of crypto recovery?
Friday, 04 February 2022 11:26
Crypto has been pounded from pillar to post. Promises to hike rates by the Federal Reserve, an incredibly uncertain regulatory environment, and much negativity throughout the mainstream media. However, there are definitely signs that perhaps Bitcoin and the altcoins are just beginning to turn the corner. Today…
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cryptodaily.co.uk: HMRC updates its cryptoassets manual to address DeFi taxation in the UK
Friday, 04 February 2022 12:32
The UK’s HMRC has updated its cryptoassets manual that it published last year, to provide legislative clarification on how DeFi will be taxed in the UK. The cryptoassets manual is a formalisation of HMRC’s guidance which is updated as the cryptocurrency market expands and evolves. On 2…
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CryptoVibes: U.S Lawmakers Reintroduce Bill Exempting Crypto Transactions Under $200 From Taxes
Friday, 04 February 2022 13:13
Suzan DelBene, a pro-crypto Democrat House Representative for Washington, has reintroduced a draft bill to exclude crypto users from paying taxes on transactions under $200. DelBene previously co-authored the renewed bill with her counterpart Representative for Miami David Scheiker in 2021. In a draft bill dubbed “Virtual…
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cryptodaily.co.uk: Boston Fed releases first CBDC research - Better than crypto?
Friday, 04 February 2022 14:00
Yesterday, the Federal Reserve Bank of Boston, together with the Massachusetts Institute of Technology, released their research on a proposed central bank digital currency. It is said to be able to handle 1.7 million transactions a second, but at the end of the day it’s still the…
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CoinDesk: IRS Offers Tezos Staker Refund on Rewards Tax
Thursday, 03 February 2022 18:12
The Internal Revenue Service (IRS) offered a Tennessee couple a refund on income taxes paid for unsold staking rewards as part of what appears to be a settlement in an ongoing legal fight. CoinDesk's Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest update from…
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Coingape: Just-In: Ecuador Plans To Regulate BTC and Other Cryptos
Friday, 04 February 2022 14:33
The Central Bank of Ecuador is planning to come up with a framework to regulate Cryptocurrencies by the end of this year. Guillermo Avellan, the manager of the Central Bank of Ecuador reportedly said that this will give more clarity to the cryptocurrency investors and also help…
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