A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment. If…
Tag: US crypto regulation
US Missoula County Considers Requiring Crypto Miners to Use Renewable Energy
The official website of the United States Missoula County in Montana reports that the country commissioners have discussed regulation of cryptocurrency mining on March 14. The county website contains two drafts, one being the Cryptocurrency Mining…
US State of Connecticut Introduces Bill to Authorize Smart Contract Use in Commerce
A committee of the Connecticut state legislature has proposed to authorize the use of smart contracts in commerce in the state, according to official documentation introduced on March 7. The Commerce Committee of…
Utah Senate to Debate Blockchain Task Force Creation and Business Incentives
Utah became the latest United States state to consider special treatment for blockchain in a bill set to be heard today, March 4, concerning the definition of the technology. First presented by Republican senator Daniel Hemmert on Feb….
Two Companies Used Crypto to Pay Taxes in Ohio, Says State Treasurer
Two businesses in the United States state of Ohio have paid taxes with cryptocurrencies, state Treasurer Robert Sprague said in a forum on Feb. 19. Ohio became the first state to allow businesses to pay taxes with cryptocurrencies…
NYSE Operator’s Crypto Platform Bakkt Finalizes Its First Acquisition
Bakkt, the much-anticipated digital assets platform operated by the Intercontinental Exchange (ICE), has closed its first acquisition, a tweet from the company revealed Feb. 8. The move marks the finalization of an acquisition…
Judge Moves to Block Potential Lawsuits Against QuadrigaCX Exchange
A judge in Canada will rule in favor of a creditor protection request filed last week by Canadian crypto exchange QuadrigaCX, issuing a 30-day stay of proceedings. The controversial…
Florida Appeals Court Reinstates Felony Charges for Unregistered Bitcoin Sale
A United States appellate court in the state of Florida has reinstated charges against a man who sold Bitcoin (BTC) to an undercover police officer, local media Miami Herald reports on Jan. 30. According to the report,…
Local Media: Iran Reportedly in Talks With 8 Countries to Use Crypto Transactions
Iran is reportedly negotiating with eight countries to carry out financial transactions in cryptocurrency, local daily newspaper Tehran Times reports on Monday, Jan. 28. According to the article, Iran has already entered…
BITCOIN TAXES: 61% OF HOLDERS WON’T REPORT LOSSES TO IRS
The US tax season has begun, and this might finally be the year to declare your bitcoin and crypto-assets. Sure, bitcoin taxes can be complicated, but research suggests that…
