Japanese Minister Not Enthusiastic About Reducing Tax Rate on Crypto-Related Income

Japan appears to be nearing a milestone development that will see cryptocurrency-related income taxed at a lower rate than those for stocks. However, a top policymaker in the country appears not to be on board with the plan for now. Not Enough Household Crypto Investors in Japan Earlier today, Taro Aso, the …

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Louisiana Moves Forward with Licensing Procedure for Crypto Businesses

Louisiana appears to be on the fast track towards some form of stable crypto legislation, as the government readies to launch licenses for companies in the space. A report from a local news source broke the news first, explaining that the state legislature is in the process of adopting a bill to provide …

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Russian Lower Parliament Introduces Bill To Ban Cryptocurrency Use

Russia’s relationship with cryptocurrencies has been a murky one. The government has swung between legalization and instituting a total ban on the assets for years, although nothing has materialized just yet. The latest in the swing appears to be towards an outright ban. Earlier today, news source RT reported that members of …

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Myanmar’s Crypto Insiders Remain Resolute Amid the Central Bank’s Crypto Ban 

Despite the push for adoption, cryptocurrency regulations across the world have been subject to widespread confusion. With every country free to pursue its own means of regulatory clarity, several have failed to do what they must to ensure a free and enabling environment. The latest appears to be Myanmar. There’s No Ban in …

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Brazilian Antitrust Regulator to Continue Probe Into Banks’ Crypto Restrictions 

Several Brazilian banks could be in for a bit of a rough time, as a financial regulator in the country has vowed to continue investigations into bias against crypto firms.  Late last week, the Administrative Council for Economic Defense (CADE), Brazil’s antitrust regulator, voted to keep probing firms after they appeared to …

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Iran’s Government Imposes New Registration Requirements for Crypto Exchanges

Despite stifling inflation levels and continued rifts with the international community, the government of Iran has moved to tighten restrictions on citizen’s access to cryptocurrencies.  The government’s new move now, according to reports, will be to restrict the access of cryptocurrency exchanges into the country.  Plugging Capital Drainage Holes This week, Iranian …

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IRS Outsources Crypto Tax Calculations to Third Parties

The United States Internal Revenue Service (IRS) is working to step up its guidance on cryptocurrencies, viz a viz their tax implications. According to new reports, however, the tax authority is looking to collaborate with third-party experts to help develop calculations of crypto-based transactions. Help Needed to Clarify Transaction Calculations Earlier this …

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