Netherlands Seeks Input on Crypto Tax Monitoring Laws to Align with EU
The Dutch government intends to align its data collection standards for crypto service providers with the rest of the EU, claiming this will “create more transparency.” The Dutch government is seeking public feedback on proposed legislation requiring cryptocurrency service providers, including exchanges, to collect and share user data with the local tax agency, which aligns with European […]
Norway Passes New Legislations For Data Centers
Following concerns about greenhouse emissions related to Bitcoin mining, Norway has recently enacted new legislation about data centers. The new legislation will require official registration of all national data centers. This registration will encompass particulars regarding the proprietors and leaders of the centers and the digital services they provide. Norway shall mark the inaugural European […]
South Korea’s New President Delays Crypto Taxes For Consumer Protection Legislation
South Korea’s newly elected president is demonstrating his crypto expertise by declaring that there will be no tax on crypto investment gains until legislation can ensure consumer protections. Yoon Seok-yeol, South Korea’s newly elected president, announced on Tuesday that he will push to postpone taxation on crypto investment gains at least until a new set […]
New Australian legislation allows for the seizure of cryptocurrencies
Australian lawmakers are taking a stronger approach against ransomware, as authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under the new legislation. Following a 60 percent increase in cyberattacks on Australian businesses and state agencies last year, the federal government announced new safeguards and a proposed Surveillance Legislation Amendment on Oct. […]
Republic of Panama introduces legislation for regulating crypto
A new bill in Panama seeks to recognize Bitcoin as a legitimate alternative payment mechanism and to grant individuals the freedom to utilize cryptocurrency. Against the backdrop of Bitcoin (BTC) becoming legal cash in El Salvador , another Central American country is making strides toward enabling the freedom to utilize cryptocurrencies such as Bitcoin and […]