Cryptoconsulate: Federal Petition Against Bitcoin Regulation
The idea of bitcoin regulation remains a hotly debated topic to this day, as many have claimed that this will just end up stifling innovation. One of bitcoin's defining characteristics is that it is decentralized, which means that there is no central monetary authority or government overseeing its activity. The "regulation" and security of the industry are upheld through the consensus-based decision-making model more commonly called the bitcoin protocol, as transactions aren't considered valid unless they're verified and recorded on majority of computers in the network. Bitcoin Regulation....
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A French parliament member has signed a petition to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.” Petition to Allow Central Bank to Buy Bitcoin Jean-Michel Mis, a member of the French National Assembly, the lower house of parliament, announced in a tweet Friday that he has signed a petition to amend the laws to enable the Banque de France, the....
A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims. The crimes mentioned in the petition 0421/2020 include fraud, piracy, and extortion. Petition’s Author Represents Victims in the Bitsane Alleged Scam Case According to the author, lawyer Jonathan Levy, the petition asks the bloc to implement a series of regulatory schemes to “compensate victims” of crypto-related crime activities. He pointed out that, to date, “no crypto asset funding has been set aside to compensate the victims of directly....
Many Indians have signed a petition for the government to introduce reasonable crypto tax policies. This week, India’s finance minister, Nirmala Sitharaman, proposed taxing crypto income at 30%. Indians Sign Petition Urging Government to Rethink Crypto Tax Proposal A petition has been initiated on Change.org for the government of India to “introduce reasonable crypto tax policies.” Finance Minister Nirmala Sitharaman said during her Budget 2022-23 speech earlier this week that crypto income shall be taxed at 30% and no deduction, except the cost of acquisition, will be....
Boost VC CEO Adam Draper has launched a petition seeking a number of changes to New York's proposed BitLicense framework. The petition calls for New York regulators to limit the amount of information they gather on virtual currency startups to what is mandated by federal standards; that the BitLicense avoid using duplicative language already enshrined in federal law; and that regulators give their approval for what Draper calls a "sandbox of innovation in the financial markets". In a video accompanying the petition, Draper stated that the changes are needed to reduce startup costs for....
A petition to amend Internal Revenue Service (IRS) Notice 2014-2 - the new guidance released on 25th March that announced digital currencies would be treated as property for tax purposes - has been filed on WhiteHouse.gov. Managed by the presiding presidential administration, the official website of the White House allows for the filing of public petitions on all manner of subjects, from whether Election Day should be a designated holiday, to whether Alaska should secede from the US and join Russia. Petitions that cross a certain threshold of signatures then generally garner a White House....