Cryptocurrency news - Politics
Indonesia to Charge 0.1% Tax on Crypto Transactions, Investments: Report
Indonesia plans to charge value-added tax (VAT) on crypto transactions and capital gains at a rate of 0.1% starting May 1. The government will impose income tax and VAT on crypto assets and is still working on the implementing regulation, tax official Hestu Yoga Saksama said F...
Wall Street Watchdog Cautions Banks on Trading Crypto Derivatives
A key U.S. financial watchdog is warning banks not to get cozy with crypto derivatives, suggesting those that do will face extra regulatory scrutiny. "Several large banks are exploring making markets for clients in bitcoin (BTC) futures, with an eye towards trading for...
US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment
The full U.S. Senate will vote on a bill looking to mitigate risks to the U.S. financial system from El Salvador's adoption of bitcoin as legal tender, after the bill was passed out of committee on Wednesday. The “Accountability for Cryptocurrency in El Salvador (ACES) Act...
El Salvador seems to delay its ‘volcano bonds’ launch
Considering the absence of any official announcements, El Salvador’s government seems to have delayed the launch date of the so-called “volcano bonds.” Earlier, Salvadoran Finance Minister Alejandro Zelaya had been reassuring the public that the project would st...
Argentine Congress Approves IMF Debt Deal That Would Discourage Crypto Usage
The Argentine Senate on Thursday night approved a debt deal of $45 billion with the International Monetary Fund (IMF) linked to an agreement that includes a provision discouraging the use of cryptocurrencies. The debt deal, also approved by the Chamber of Deputies on March 11, w...
Treasury Department Issues Guidance on Using Crypto to Evade Sanctions
The U.S. Treasury Department issued guidance on Friday spelling out how cryptocurrency should not be used to circumvent economic sanctions imposed against Russia for its invasion of Ukraine. In a FAQ on whether Russia-related sanctions extend to virtual currency, the Departmen...
US Inflation Rises to 7.9% in February, Fresh 4-Decade High
U.S. inflation accelerated in February to a fresh four-decade high, signaling supply and demand imbalances were little improved amid soaring gas prices. The Consumer Price Index rose 7.9% over the past 12 months, the fastest since 1982, the U.S. Labor Department's Bureau of Labo...
European Parliament will hold vote on crypto bill without PoW provision
The parliament of the European Union has scheduled a vote on a framework aimed at regulating cryptocurrencies after addressing concerns over proof-of-work mining. In a Monday Twitter thread, European Parliament Committee on Economics and Monetary Affairs member Stefan Be...
US Virginia Senate allows state banks to offer crypto custody services
The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate Christopher T. Head introduced the bill, House Bill No. 263...
Israeli authorities seize Hamas linked crypto accounts
A set of 30 crypto wallets from 12 exchange accounts that have been linked to the terrorist group Hamas based in the Gaza Strip were seized on Monday by Israeli authorities. Crypto exchange al-Mutahadun held the wallets where 12 accounts were allegedly being used by Hama...