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Vancouver, British Columbia - November 15, 2021 - WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF)(the "Company" or "WonderFi") today announced the appointment of Bill Koutsouras as Chairman of its Board of Directors, effective November 15, 2021. "Bill has served as the Lead Independent Director of Galaxy Digital since its public listing in 2018,
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Congress has passed the Biden administration’s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden’s signature after passing with a vote of 228–206 on Friday. Bipartisan Infrastructure Bill Passes to
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The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens.The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport
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Another provision included in the bill to amend Tax code section 6050I has also stoked fear in the crypto industry. The law, written nearly 40 years ago to apply to in-person cash transactions over $10,000, essentially requires recipients to verify the sender’s personal information and record their Social Security number,
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Legal experts have warned that a section of the Infrastructure Bill, which is due for a vote today, amends a part of the tax code and makes a failure by businesses and individuals to report digital asset transactions a criminal offense.University of Virginia School of Law lecturer Abraham Sutherland said
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Bill Miller, a seasoned Wall Street investor and founder of Miller Value Partners, advocated for the rise of Bitcoin (BTC) during a recent conversation with author William Green but voiced skepticism around many of the altcoins birthed during 2017.Miller subscribes to the well-documented thesis that Bitcoin portrays digital gold, and
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Ukraine is home to multiple well-known blockchain developers and startups, however, the country is struggling with its status as a risky jurisdiction on the global market. The bill, sponsored by Ukraine’s Ministry of Digital Transformation, is aimed at developing the digital assets market and attracting crypto businesses to the country. Source
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As cryptocurrency adoption continues apace in the United States, lawmakers want to better understand how it's used — for both legal and illegal purposes.The Ransom Disclosure Act, introduced by Senator Elizabeth Warren and Congresswoman Deborah Ross, would require victims of ransomware attacks to disclose information about ransom payments to the
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“Unfortunately, our current regulatory framework threatens to push this technology – and the jobs created by this rapidly growing industry – overseas,” McHenry said in a statement. “My bill, which builds on the great work of SEC Commissioner Hester Peirce, will help provide the necessary legal certainty to digital asset
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Ribeiro’s bill covers companies that enable the exchange between virtual assets and national or foreign currency, or between one or more virtual assets, help with the transfer of virtual assets, or provide custody or administration services for virtual assets or instruments that provide control over virtual assets, among other services. Source
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