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US lawmaker introduces bill aimed at limiting Fed’s authority on digital dollar

Minnesota Representative Tom Emmer has introduced legislation in the United States House of Representatives that could limit the Federal Reserve from issuing a central bank digital currency, or CBDC.In a Feb. 22 announcement, Representative Emmer said he had introduced the ‘CBDC Anti-Surveillance State Act’ in an apparent effort to protect

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Crypto Exchange Binance Introduces Tool for Calculating Taxes on Transactions

The aim of Binance Tax is to simplify the calculation of gains and losses throughout the year. For frequent traders, this could amount to thousands of transactions, meaning many hours of work to ensure correct calculation. Still, the product is in an early phase and does not support all types

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NAB Introduces Stablecoin on Ethereum (ETH), Bitcoin (BTC) Gains Traction and Orbeon Protocol (ORBN) Continues Presale

Place/Date: - February 6th, 2023 at 5:28 am UTC · 3 min read Source: Orbeon Protocol National Australia Bank (NAB) has announced the launch of a stablecoin on the Ethereum (ETH) blockchain. This move comes as Bitcoin (BTC) continues to gain mainstream acceptance and Orbeon Protocol (ORBN) continues its

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Australia introduces classification for crypto assets

Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national regulators propose to distinguish four major types of products related to the crypto industry. On Feb. 3, the Australian Treasury released a consultation paper on “Token Mapping,” announcing it as a foundational

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Indian Government Introduces New Crypto Tax Penalties – Regulation Bitcoin News

The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed at 30% while TDS stays

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