Russia Seeks to Tighten Online Payments, What Does it Mean For Bitcoin?
Following a series of terrorist attacks before the Winter Olympics, Russian legislators are likely prepared to pass new bills that severely tighten regulations around electronic payments in the country. News agency RIA Novosti reports online payment systems that allow anonymous usage like Russia's Yandex (which is basically their version of PayPal) will no longer allow money to be sent abroad electronically. That aside, the new rules dictate that no more than 15,000 rubles (or about $450 USD) may be sent in a single month - down from 40,000 rubles ($1,200 USD). An open or closed door for....
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The DIAN, the Colombian tax authority, has announced it is taking special measures to tighten controls on taxpayers currently using cryptocurrencies to transact. With these actions, the organization seeks to detect any taxpayers that have used crypto assets and failed to report these activities, or reported them erroneously. This action seeks to thwart cryptocurrency-related tax evasion in the country.
Colombian Tax Authority Targets Tax Evaders
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Financial Authorities in Russia Consider Legalizing International Cryptocurrency Payments
In the current conditions, “it is impossible to do without cross-border settlements in cryptocurrency,” Russia’s finance ministry and central bank have concluded after reconsidering their....
Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under revised regulatory framework, two-thirds of crypto exchange directors must be Indonesian citizens residing in the country.
Indonesia Plans to Tighten Crypto Regulation
Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges, officials from the country’s Minister of Trade and the Commodity Futures Trading Regulatory Agency (Bappebti) said Tuesday at a parliamentary hearing in Jakarta.
One of the new rules requires two-thirds of directors....