Cryptocurrency Analysis and News Portal
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implications for both crypto investors and organizations providing intermediary services. The firm, however, says the South
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The United States has initiated a move called quantitative tightening (QT), which may put an end to a decade of unprecedented growth in the crypto market. The initiative will see the Fed shrinking its balance sheet monthly for the next three months by $47.5 billion. This implies that by September
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There are, of course, two threshold issues. First, which tokens, if any, are actually securities? On that long-standing issue, this proposal is silent. Second, did the SEC even intend to rope crypto into this proposed regulatory regime? Nothing in the 654-page rule mentions crypto, DeFi or blockchain protocols generally, and
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Summary: The US Office of Science and Technology Policy (OSTP) has invited comments on the energy and climate implications of digital assets The US OSTP was tasked by President Biden to submit a report that examines the impact of digital assets on the United States’ goal of reaching net-zero greenhouse emissions by
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The Office of Science and Technology Policy (OSTP), an Executive Office of the President of the United States, commenced a study to identify the scope for offsetting energy use and climate changes related to digital assets. On March 9, United States President Joe Biden signed an executive order, directing various federal
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The proposal appears to be the first major instance of a blockchain community potentially voting tokens out of the hands of a fellow holder. The implications are massive. Source
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Cryptocurrency is a hot topic worldwide, especially with prices of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies hitting higher thresholds and resulting in another banner year for investors. While the earnings look good on paper, one factor is often left to consider –– that is, crypto taxes.It is not uncommon
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