Spain’s 47% Crypto Tax Sparks Outrage, Critics Predict Full Regulatory Chaos
Spain’s Sumar parliamentary group has submitted a proposal that would change how gains from cryptocurrencies are taxed, potentially pushing the top personal rate to 47%. Related Reading: Stablecoins Push Forward With US Bank Testing Payments On Stellar According to reports, the draft would move profits from crypto out of the current “savings” tax bracket — […]
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Telefónica partnered with Spain’s largest bitcoin exchange Bit2me to enable the new feature on its online tech marketplace.
A day before officially becoming the 47th President of the United States, Donald Trump is making waves in the cryptocurrency landscape – not for his upcoming inauguration on January 20 – but for launching a controversial meme coin he named after himself. Related Reading: IRS Crypto Rules Spark Pushback From Texas Senator Ted Cruz Launched […]
Banco Santander, Spain’s biggest bank and Europe’s fourth largest, now supports crypto trading. Since yesterday, German users of the company’s all-digital platform, Openbank, can buy, sell, and trade five tokens: $BTC, $ETH, $LTC, $MATIC, and $ADA. As mainstream crypto adoption expands, newer projects with their own trading bots, like Snorter Token ($SNORT), stand to benefit. […]
It’s too early to predict the full regulatory impact of distributed ledger technology (DLT), a representative of Europe's securities watchdog argued this week. Patrick Armstrong, a senior risk analysis officer for the European Securities and Markets Authority (ESMA), made the comments during a speech at a securities industry event in Oslo on 23rd January. In his remarks, Armstrong touched upon a number of the factors changing securities trading in Europe, including distributed ledgers. Notably, he indicated it is not yet possible to say which regulations might need to change due to the....
Following Mt. Gox's decision to abruptly suspend all bitcoin withdrawals on 7th February, many industry commentators and observers, CoinDesk included, began to feel the writing was on the wall for bitcoin's first and once-largest exchange. But, despite the results of our extensive reader survey and critiques from industry heavyweights like Andreas Antonopoulos, there were those who maintained that given its industry reputation, the company's critics may have been premature in their statements. However, Mt. Gox's future may be even more uncertain after controversial statements issued Monday....