European Parliament Member: Everyone Should 'Get Some Bitcoins'
A European Parliament member delivered an impassioned speech this week to an influential committee on consumer protection as part of an ultimately successful campaign to take the next step toward implementing new measures related to blockchain tech. Antanas Guoga, an EU parliament member representing Lithuania, called blockchain a “perfect technology” as he spoke before the Internal Market for Consumer Protection Committee, which is weighing whether to advance a proposal for a new virtual currency task force. Guoga went on to encourage members to do their own investigation of bitcoin,....
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Three France-based members of the European Parliament have tabled a motion for a resolution calling "stricter controls over all virtual currency" such as Bitcoin. The trio have even asked to "prohibit" virtual currency exchanges transactions altogether which, in essence, is asking for a ban of all such transactions. Three members of European Parliament, all French nationals, have tabled a motion for a resolution on "controlling virtual currencies such as the 'bitcoin'". The motion was tabled on November 25th, 2015. The members cite Rule 133 of the European Parliament's Rules of Procedure....
An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he stressed. Indian Parliament Member Wants to Tax Crypto at 50% Indian parliament member Sushil Kumar Modi shared his view on cryptocurrency in an interview with Forkast, published Tuesday. Modi is a member of Rajya Sabha, the upper house of India’s parliament. He recently made headlines when he urged the Indian government to impose more than 30% tax on crypto income prior to....
Three European Parliament representatives from a French right-wing political party filed a motion last month seeking to give member-states the power to regulate or even ban bitcoin activities. The motion was filed on 25th November, according to a copy of the motion published on the European Parliament website. The motion seeks approval from the European Commission – the executive arm of the European Union – to “allow Member States to exercise stricter controls over all virtual currency exchange transactions and even to prohibit them”. Cited as justification is the recent decision by the....
A new European Parliament draft report on digital currencies calls for the creation of a task force specifically devoted to the technology. The report, penned by European Parliament member (MEP) Jakob von Weizsäcker of the Committee on Economic and Monetary Affairs, seeks the establishment of a task force, with its own budget and dedicated staff, that would study digital currencies and provide policy advice to the European Union and member-states. Further, the report calls for tightening regulation of both exchanges and wallet service providers – something the European Commission, the....
The resolution recommended authorities in the parliament's 27 member states consider a “simplified tax treatment” for crypto users involved in occasional or small transactions. Members of the Parliament of the European Union voted in favor of a non-binding resolution aimed at using blockchain to fight tax evasion and coordinate tax policy on cryptocurrencies.In an Oct. 4 notice, the European Parliament said 566 out of 705 members voted in favor of the resolution originally drafted by member Lídia Pereira. According to the legislative body, the resolution recommended authorities in its 27....