Community reacts to new DoJ crypto enforcement guidelines
The DoJ’s guidance around cryptocurrency enforcement, that cites "crime" and "criminals" 168 times, has been poorly received. The new cryptocurrency enforcement guidelines by the Department of Justice (DoJ) have received a negative response from segments of the crypto community. Published earlier today by the attorney general for the U.S. William Barr, the DOJ report aims to address the “uniquely dangerous threats to public safety” cryptocurrency poses. Citing the words “crime” or “criminal” 168 times in the 83-page document, many in the community have interpreted the DoJ’s position as a....
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The Australian Tax Office (ATO) today released its long-awaited guidelines on how bitcoin businesses and individual users will be taxed in Australia. The guidelines are similar in nature to those issued by Singapore in January, which received a mixed response from the bitcoin community. In summary, bitcoins will not be regarded as 'money', and will be taxed in a similar way to other non-cash or barter transactions. As in Singapore, this raises the specter of double-taxation for some bitcoin transactions. Likely to be impacted most are businesses who have been transacting in bitcoin and....
Ladies and gentlemen, we live in a Taproot world. The update will enhance Bitcoin’s performance and enable smart contract deployment. Starting today, all transactions in the Bitcoin network look alike, improving privacy. It doesn’t even matter how the market reacts. It’s a great day for Bitcoin and the community is celebrating it as such, sharing […]
The Advertising Standards Council of India has released guidelines for the advertising and promotion of crypto assets and related services. “We had several rounds of discussion with the government, finance sector regulators, and industry stakeholders before framing these guidelines.”
India’s Crypto Ad Guidelines Published
The Advertising Standards Council of India (ASCI) published Wednesday “guidelines for advertising and promotion of virtual digital assets and services.”
The guidelines are applicable to all advertisements....
Regulation and guidance continue to come in hot from the land of the free. William Barr, the attorney general for the U.S., published official guidelines for keeping crypto markets accountable. The lead U.S. attorney's Cyber-Digital Task Force put together the guidelines, officially calling them: Cryptocurrency: An Enforcement Framework, according to an Oct. 8 statement from the U.S. Department of Justice. The statement explained:"The Framework provides a comprehensive overview of the emerging threats and enforcement challenges associated with the increasing prevalence and use of....
The price of bitcoin has just hit a historic milestone in a turbulent year, crossing the $20,000 threshold, refreshing its all-time high, and well-known crypto advocates such as Edward Snowden have been reacting to the news on social media. Snowden Reacts to Bitcoin All-Time Highs The famous American whistleblower published a brief but widely discussed statement among his followers on bitcoin: One word: bitcoin The tweet just came days after he also remembered his call on a BTC price comment he made back on March 13, 2020: This is the first time in a while I’ve felt like buying....