Japan eyes Web3 growth with startup-focused tax reforms
Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide.
Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide.
Telegram founder and CEO Pavel Durov was taken to court from custody on Wednesday, several reports suggested.
After previously opposing another AI-related bill, SB 1047, OpenAI has expressed support for AB 3211, which would require watermarks on AI-generated content.
The news comes hours after a report revealed that Durov’s phone was hacked back in 2017, a year before he met with the French president.
The courtroom stabbing comes weeks after a Chinese gang robbed over $2 million worth of crypto at gunpoint in a luxury estate in Thailand.
Pavel Durov was reportedly offered to move Telegram to Paris during his meeting with the French president in 2018.
RBI Governor Shaktikanta Das advocates a plug-and-play system to enhance cross-border payment efficiency and CBDC interoperability.
The Important Stories investigation seemingly contradicts Durov’s public claims.
According to PA News, New Zealand's Revenue Minister, Simon Watts, has introduced a proposal to incorporate the Organisation for Economic Co-operation and Development's (OECD) Crypto-Asset Reporting Framework (CARF) into national law. The legislative proposal, submitted on August 26, aims to ensure transparency in crypto transactions and is set to take effect on April 1, 2026.Under this new framework, crypto service providers in New Zealand will be required to collect transaction information from reportable users and submit it to the Inland Revenue by June 30, 2027. The collected data will then be shared with relevant tax authorities globally by September 30, 2027, to ensure proper taxation of crypto-derived profits.Failure to comply with these requirements could result in fines of $300 per instance, with penalties for service providers potentially reaching between $12,000 and $62,000. Users who do not provide the necessary information could face fines of up to $621.This move highlights New Zealand's commitment to enhancing transparency and ensuring that crypto transactions are properly taxed in line with international standards.
Georgia Representative Mike Collins previously disclosed purchasing up to $65,000 in ETH, but seems to have moved onto altcoin investments.