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THE STATE DUMA HAS ADOPTED A LAW ON THE TAX ON CRYPTOCURRENCY

The State Duma adopted in the third reading a bill providing for the introduction of taxation of digital currency. Amendments are proposed to the Tax Code of the Russian Federation. The draft law provides that cryptocurrency will be recognized as property, but only for taxation. Residents are required to inform about transactions with digital currency if the amount of receipts or write-offs for the year is more than 600,000 rubles. The author of the bill is ...

THE CRYPTOCURRENCY EXCHANGE IN GERMANY WENT TO THE BOTTOM

A financial and technological startup located in Germany has announced its liquidation. An organization specializing in crypto operations has failed to cope with the economic situation on the market. Attempts to attract additional funding also proved unsuccessful. As a result, the firm decided to start the closing procedure on November 30. This was announced in an open letter on the exchange's website by the platform's CEO Kristina Volker-Mayer. Prior to the start of liquidation, Nuri (formerly...

ONE OF THE LARGEST CRYPTOCURRENCY HEDGE FUNDS 3AC HAS GONE BANKRUPT

... application was filed in the Southern District of New York in Manhattan, with the company's head office located in Singapore. But the company's co-founder Su Joo said last April that 3AC was planning to move to Dubai. According to court documents, the cryptocurrency options and futures exchange Deribit said that Three Arrows was unable to return $80 million because the hedge fund ran into financial problems. It is worth noting that the liquidation, and now the bankruptcy of the fund's structures, is ...

Cryptocurrency abyss: Digital Investors Lose Billions of Dollars

The cryptocurrency market is going through hard times. Yesterday it became known that the price of bitcoin dropped below the $27,000 mark, actually returning to the state of the end of 2020. Other crypto assets show similar trends. At the same time, the ...

Cryptocurrency exchange Binance will limit its work in Russia

It became known that for users from Russia, whose packages of assets exceed 10 thousand euros, the Binance crypto exchange will only work for withdrawing funds. They cannot trade. Binance published a message saying that the use of accounts of Russians with accounts over 10 thousand euro has been limited. Profiles will be switched to the “withdrawal only” mode, eliminating the ability to replenish wallets or trade on the exchange. The crypto exchange does not plan to complete work in the Russian...

Cryptocurrency mining may receive special legal regulation

... computing power, which should be located on the basis of thermal generation facilities. The concept was announced as a response to Anton Gorelkin, the deputy of the State Duma of the Russian Federation, who formed his package of proposals for regulating the cryptocurrency market on the basis of a round table-talk held in March, RIA Novosti reports . The Ministry of Industry and Trade considered the initiatives voiced by Gorelkin relevant and noted the importance of further work in this direction. At the ...

Cryptocurrency may be banned in Russia

The day before, it became known about the intentions of the Central Bank to introduce a ban on investing in cryptocurrency. The situation occurred due to the regulator's concerns about financial stability due to the growth of cryptocurrency transactions. Last year, Russia granted cryptocurrency a legal status, but left a ban on payments in it. At the moment,...

Authorities of Laos allowed several companies to settle with cryptocurrency

According to the office of the Prime Minister of Laos, six companies in the country have been granted the right to use cryptocurrency. Interaction with it is organized in an experimental mode and is possible both in the form of extraction and sale. Among those who received permission to trade in cryptocurrency, there are four construction companies, an IT company and ...

SICHUAN MINERS ARE BANNED FROM MINING CRYPTOCURRENCY

... actively working in the Chinese province of Sichuan - it was possible thanks to cheap electricity and the absence of restrictions from the authorities. However, now it has been decided to stop their activities. Sichuan was one of the key centers for cryptocurrency mining - 26 companies officially operated in the region. But now the local energy bureau, along with the authorities, has approved measures to restrict the work of miners. Large mining companies will have their electricity cut off on June ...

ELON MUSK HATERS INTRODUCED STOPELON CRYPTOCURRENCY

A group of anonymous enthusiasts has released the StopElon token. Their goal is to destroy ‘the biggest market manipulator’. The emergence of a new cryptocurrency was only the first step on a path, the ultimate goal of which is to acquire a controlling stake in Tesla in order to gain influence on its activities. Commenting on the desire to stop Elon Musk, the creators of the StopElon token mentioned ...

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