Indonesia mulling changes to dual taxation on crypto: Report
The Commodity Futures Trading Regulatory Agency of Indonesia has urged a reevaluation of the country’s 0.1% capital gains tax and 0.11% VAT on crypto transactions.
The Commodity Futures Trading Regulatory Agency of Indonesia has urged a reevaluation of the country’s 0.1% capital gains tax and 0.11% VAT on crypto transactions.
The Texas Blockchain Council and Bitcoin mining firm Riot Platforms claimed that the survey had political motives and posed a threat to innovation and economic growth in the United States.
The CCI assessed the HKMA’s proposed stablecoin regulations and suggested moderation and acceptance of innovation.
Attorneys general from numerous states filed a brief that calls out the SEC for its enforcement action against the Kraken crypto exchange, saying it used “undelegated authority.”
“Centralization means that you have concentrated risks,” said Hester Peirce, speaking at ETH Denver.
The House Financial Services Committee has voted to advance a resolution that could overturn the controversial Staff Accounting Bulletin No. 121.
According to Foresight News, the US Securities and Exchange Commission (SEC) is reportedly investigating internal documents of OpenAI to determine if the company misled investors. The SEC's investigation is related to the sudden dismissal of CEO Sam Altman by the OpenAI board in November last year, accusing him of a lack of consistent honesty in communication. Previously, the OpenAI board stated that they no longer had confidence in Sam Altman's ability to lead the company, and subsequently, OpenAI co-founder Greg Brockman announced his departure from the company.
Antoni Zolciak, co-founder of Aleph Zero, explains that delisting privacy-centric cryptocurrencies like Monero is the industry’s way of responding to regulations, and only projects willing to adapt may survive.
All crypto exchanges and trading platforms that have failed to file for license applications with the regulator by Feb. 29 must wind up their business in Hong Kong by May 31.
The People Power Party, led by Yoon Chang-hyun, intended to announce a virtual asset pledge last week but has postponed it indefinitely.