Russia is free to use Bitcoin in foreign trade, says finance minister
Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said.This post was originally published on this site
Thailand distributing digital money to 45M citizens to boost economy
The controversial plan began as a campaign promise and will help lower-income Thais buy more.This post was originally published on this site
Thailand distributing digital money to 45M citizens to boost economy
The controversial plan began as a campaign promise and will help lower-income Thais buy more.This post was originally published on this site
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s […]
India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’
India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because it has no intrinsic cashflows attached to them,” the Indian government stated. Finance Ministry’s […]
Aussie execs refute ‘argument’ to treat crypto as financial products
The Australian Minister for Financial Services said there was a “good argument” to treat crypto as financial products in an interview on Jan. 22.This post was originally published on this site
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]
Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash
On Saturday, the leader of the United People’s Party and member of St. Maarten’s Parliament, Rolando Brison, announced that he’s become the first elected official to request his entire salary paid in bitcoin cash. Brison believes St. Maarten can be the “Crypto Capital of the Caribbean,” as long as his country continues to embrace blockchain […]