News with the tag "Proposed"

In response to mounting opposition from the cryptocurrency industry and internal government disagreements, Italy plans to scale back its proposed crypto capital gains tax hike . Initially set to increase to 42%, lawmakers are now considering capping the rate at 28% or maintaining the current 26%. Th...

Louisiana just made a bold move in the world of digital finance. With House Bill 488 now law, thanks to Governor Jeff Landry’s signature, the state has thrown its weight behind bitcoin while keeping a wary eye on government-controlled digital currencies. This bipartisan effort, led by Rep. Mark Wrig...

A committee representing the interests of FTX customers is pushing back against a proposed bankruptcy plan, claiming that it violates their property rights.

Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platfo...

The economy of Paraguay could lose more than $200m annually if Paraguay’s lawmakers pass a recently introduced bill to ban crypto mining in the country. Lawmakers introduced the draft bill The post Paraguay’s Proposed Crypto Mining Ban Could Cost It $200m A Year appeared first on BitcoinWorld .

Paraguay lawmakers have proposed a bill to temporary ban crypto mining and related activities in the South American nation. The ban would last 180 days or until new laws are The post Paraguay Proposed Temporary Crypto Mining Ban As Illegal ‘Farms’ Cripple Grid appeared first on BitcoinWorld .

The proposed governance changes put forward by SushiSwap request has faced backlash as users and a former associate express their opposition. The decentralized exchange (DEX) and automated market maker (AMM) The post SushiSwap Faces Backlash Over Proposed Governance Changes appeared first on Bitcoin...

Legal team representing former FTX CEO Sam Bankman-Fried, aka SBF, has criticized the government’s proposal for a maximum sentence of 50 years in prison, saying it is “not justice.” In The post SBF Legal Team Criticizes Proposed 50-Year Sentence, Calling It Injustice appeared first on BitcoinWorld .

Coinbase criticizes U.S. Treasury’s proposed crypto mixing rules, deeming them inefficient and burdensome for crypto platforms. The exchange argues that existing recordkeeping and reporting rules suffice for addressing suspicious activities The post Coinbase: US Treasury’s Proposed Rules Are Ineffic...

Republicans of the House Financial Services Committee have criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, stating he is using Rule 3b-16 amendments to impose his views on cryptocurrency assets. In a letter sent to the SEC, republicans push back against the new proposed ...