UK Parliamentary Group Seeks Views of Crypto Industry Players
A parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation. In addition to gathering information via evidence sessions, the APPG said it is also open to views from players in the sector. Making the UK the ‘Global Home of Crypto Investment’ A United Kingdom (U.K.) parliamentary committee known as the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it....
Related News
The U.K.’s Crypto and Digital Assets All Party Parliamentary Group (APPG) announced it will launch an inquiry into the crypto and digital asset industry. The United Kingdom Crypto and Digital Assets All Party Parliamentary Group (APPG) announced Thursday its upcoming inquiry on the country’s crypto and digital asset sector. The announcement included details of the group’s plans and how interested parties can participate. According to the statement, the inquiry will highlight various areas of engagement with crypto and digital asset space. This includes the U.K.’s current approach to....
According to an Australian parliamentary committee, bitcoin is not a financial product yet. Based on their recommendation, the federal government should hold off on classifying cryptocurrencies as products that are subject to taxation. This parliamentary committee was created in October last year to investigate developments and applications of bitcoin and whether or not it should be covered in a range of regulatory issues such as taxation. However, the committee noted that bitcoin can be used for GST purposes. Bitcoin and Taxation. With that, the government could maintain its wait-and-see....
Spondoolies-Tech has raised $5m from a pool of both new and existing investors as part of its ongoing Series B funding round. Participants in the round included Agile Wings, BRM Group and Genesis Partners, as well as a group of angel investors that featured entrepreneur Olivier Janssens and Aleph partner Eden Shochat. Speaking to CoinDesk, Spondoolies-Tech CEO Guy Corem indicated that his company intends to use the funds to fuel its third-, fourth- and fifth-generation ASIC development and rival what it views as its main international competitor, BitFury. Corem seeks to portray....
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions.
Ahead of Election, Major Parties Support Tax Break for Crypto Investors in South Korea
South Korean parliament is taking steps to suspend a planned tax on profits from digital asset investments for another year. The move has been supported by the ruling Democratic Party, despite disagreements....
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020. Not Just a Mere Reiteration In a statement, the body, known as the Blockchain Industry Coordinating Committee of Nigeria (BICCON), also dismisses the CBN’s assertion that the new directive is just a “mere reiteration” of what it said in January 2017. The latest directive....