Tag: Government

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Crypto News From the German-Speaking World: Nov. 3-10

Cointelegraph auf Deutsch presents a weekly digest of selected cryptocurrency and blockchain-related developments from the German-speaking world. The past week has marked a number of crypto- and blockchain-related developments in the German-speaking world. Malta Enterprise partnered with Deutsche Telekom’s IT service subsidiary to offer its blockchain-as-a-service (BaaS) marketplace, French IT company Atos and Austrian startup…
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Her Majesty the Queen Rules Out Crypto as Currency

New U.K. crypto tax policy paper: Crypto is an asset and subject to capital gain tax. Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs, has updated its cryptocurrency taxation policy paper for businesses…
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Shanghai Gov’t Partners With 6 Banks on Blockchain Alliance for Trade

The municipal Shanghai government has joined forces with financial institutions to create an alliance to foster the use of blockchain for global trade. The municipal Shanghai government has joined forces with financial institutions to create an alliance to foster the use of blockchain for global trade.  The Global Times reported on Nov. 7 that during…
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Venezuela President Maduro Touts Trezor Bitcoin Wallet on National TV

Trezor says they have no official resellers in Venezuela after Nicolas Maduro appeared on a state-run TV station with what appears to be the Trezor hardware Bitcoin wallet. On Nov. 6, President of Venezuela, Nicolas Maduro appeared on state-run television station Venezuelan Television Corporation (VTV), holding a crypto hardware storage device allegedly developed by major…
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Rep. Davidson Sees Place for Blockchain in US Manufacturing Despite Congress’ Concerns

U.S. pro-crypto Rep. Warren Davidson promotes blockchain’s promise in American manufacturing in response to public fears in the face of technology. United States pro-crypto Congressman Warren Davidson (R-OH) has once again called for clear regulations of blockchain industry to maintain U.S. economic dominance. On Nov. 4, Davidson published a letter in the Wall Street Journal…
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New Official Register in San Marino Recognizes and Regulates Blockchain Firms

The Republic of San Marino adopted the Register of Blockchain Entities, inviting companies in the industry to apply for certification. The Republic of San Marino has officially adopted the Register of Blockchain Entities, inviting companies in the industry to apply for certification. Companies can apply for blockchain certification online The project was initiated by San…
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Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin

A U.S. court has ordered defendants in a fraud case to pay over $4 million in penalties for running a scheme with the “worthless” ATM Coin. A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin. Case first brought by the CFTC in April…
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Bahrain to Provide Fast-Track Setup Program for Fintech Startups

Bahrain has introduced a fast-track process for fintech startups looking to do business in the country. The Bahrain Economic Development Board (EDB) has introduced a new program to attract more startups to the country. According to a press release on Oct. 29, the investment promotion agency for the Kingdom of Bahrain has introduced a fast-track…
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British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money

The United Kingdom government tax agency has updated its cryptocurrency taxation guidelines for businesses and individuals. The United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs (HMRC), has updated its cryptocurrency taxation guidelines for businesses and individuals. On Nov. 1, the U.K. government tax agency, which manages taxes alongside other financial policies,…
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Expert: US Should Cut Crypto Firms Some Slack to Compete With China

Fintech and regulation experts have said the United States needs to wake up to China’s proactive pursuit of a central bank digital currency. Fintech and regulation experts have said the United States needs to wake up to China’s proactive pursuit of a central bank digital currency. A Fortune report published on Nov. 1 pointed to…
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