Tag: Economy & Regulation

Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar

Economy & Regulation President Maduro’s Venezuela is preparing to efficiently embrace next week 2 official units of accounts — the country’s crypto, El Petro, and also the new petro-pegged bolivar which can replace the inflated federal fiat. New wages and pricing mechanisms will likely be implemented too, the country’s leftist leader guaranteed.   Starting from […]

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Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Economy & Regulation Jurisdictions with crypto-friendly laws or comprehensive regulations set up are leading with regard to exchange-based cryptocurrency trading. According into a new analysis, nevertheless, over the counter along with P2P market is considerably more popular in developing countries and countries in which non-cash payments are still not widely dispersed. The report made by […]

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New Bill Proposes 5% Tax on Crypto Incomes in Ukraine

Economy & Regulation A draft legislation prepared by deputies and agents of the sector intends to introduce mild taxation of crypto incomes in Ukraine. Businesses and people will be asked to pay 5 percent on their gains from mining and trading cryptocurrencies when traded to fiat. Add to the compulsory ‘military charge’ of 1.5percent Ukrainians […]

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Survey: Crypto Exchanges Want Regulation but See Strict Policies as a Threat

Economy & Regulation The bulk of crypto exchanges wish to observe that the sector controlled, although many believe surplus regulation to be the largest threat, according to another study. A third of those platforms in the survey also dread a market crash which may suddenly devalue digital resources. A fifth of those trades dislike anonymity.     […]

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Officials in South Africa Propose VAT-Exemption for Bitcoin Trades

Economy & Regulation Cryptocurrencies are becoming more widespread to taxpayers living in South Africa and within the last year bitcoin interest stemming from the area has increased exponentially. Furthermore, only lately the South African Treasury has suggested several amendments that are pertinent to the nation’s Taxation Laws Amendment Bill (TLAB) and the way cryptocurrencies are […]

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