In our “Regulation” section, we cover laws, policies, and regulatory decisions affecting cryptocurrencies and blockchain technologies worldwide. Here you will find updates on government actions, compliance requirements, and legal frameworks shaping the crypto market. Read the “Regulation” section on ForkNews to stay informed about how regulation impacts the digital asset industry.
Representatives of the German Ministry of Finance made an official statement that the department will not tax cryptocurrencies if they take part in transactions as a means of payment, Coindesk reports.
The State Financial Monitoring Service of Ukraine has announced its official position regarding mining, digital currencies and the identification of participants in transactions related to cryptocurrency. The text of the statement can be found on the official website.
The Government of the Russian Federation, together with the Central Bank, is considering a proposal from the Far East Development Fund to create its own “cryptocurrency valley” in the Far Eastern region.
A meeting of the European Commission was held, at which the EU position on issues related to cryptocurrency was determined for subsequent discussion at the G20 level. The Commission advocated the use of blockchain technology.
According to Reuters, fewer than 100 of the 250,000 taxpayers (or 0.04%) who filed federal tax returns this year using Credit Carma reported income from crypto transactions.
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