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Wikimedia community supports proposal to stop foundation from accepting crypto donations

Requests for comments on a proposal urging the Wikimedia Foundation to stop accepting donations in cryptocurrency have closed, with the majority of users voting in favor.According to a Tuesday update on the proposal, roughly 71%, or 232 out of 326, Wikimedia contributors who responded requested that the Wikimedia Foundation —

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The SEC’s New Proposal to Redefine ‘Dealer’ Could Spell Bad News for DeFi

The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies

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European Union’s MiCA Proposal Progresses to Trilogue Stage Without Bitcoin Ban Provision – Regulation Bitcoin News

The Markets in Crypto Assets (MiCA) regulatory package passed another potential hurdle this week and is moving to the next stage of the EU’s legislative process. Proponents of a controversial text prohibiting proof-of-work (PoW) cryptocurrencies, which was recently dropped from the draft, did not take an opportunity to block the

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Malaysian deputy finance minister responds to proposal to legalize Bitcoin

An official at the Ministry of Finance of Malaysia reportedly opposed the idea of adopting cryptocurrencies like Bitcoin (BTC) as a payment method following recent crypto-friendly proposals by the deputy communications minister.Malaysia has no plans to recognize BTC as legal tender, deputy finance minister Mohd Shahar Abdullah said in a

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Proposal for crypto tax policy in India will go to parliament on March 24

A tax proposal on crypto from India’s Finance Minister Nirmala Sitharaman may be closer to becoming law as the country’s lower house of parliament is scheduled to consider the legislation on Thursday.According to a Wednesday publication, Sitharaman will be introducing appropriation and finance bills for 2022 to the Lok Sabha

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OECD opens proposal on tax transparency framework for crypto to public comment

The Organisation for Economic Cooperation and Development, or OECD, has suggested additional requirements on reporting crypto transactions and identifying users aimed at increasing transparency for global tax authorities. In a public consultation document released on Tuesday, the OECD opened for public comment a proposal that would require crypto service providers to

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Crypto Providers Would Have to Swap Transaction Details Under OECD Tax-Dodging Proposal

Crypto exchanges would have to share details about the identity and transactions of their users with foreign tax authorities under plans submitted for stakeholder comment Tuesday by the Organization for Economic Cooperation and Development (OECD), which is seeking to avoid foreign digital assets being used to hide wealth. Source

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Juno’s Proposal 16 Vote Is a Watershed for Blockchain Governance – For Better or Worse

There is an added complication to doing a hard fork rather than an automated parameter change. Validators, the equivalent of Bitcoin’s miners on Cosmos and other proof-of-stake systems, could choose to continue monitoring transactions for the original chain, as with any blockchain hard fork. But there would likely be few

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