South Koreans Can Trade Crypto Tax-Free Until at Least 2023 as Delay 'Virtualy Confirmed'

South Koreans will most likely be able to trade crypto without having to pay tax on their earnings for at least another year after politicians signed off on an amendment to a much-maligned and controversial tax plan – in a major blow to the government, which bitterly opposed talk of a delay....Read More: South Koreans Can Trade Crypto Tax-Free Until at Least 2023 as Delay 'Virtualy Confirmed'

‘Financial Inclusion’ — A Buzzword for Central Banks Who Secretly Despise Economic Freedom

The World Economic Forum (WEF) has released its latest report on “digital currency governance” this month, addressing stablecoins, cryptocurrencies, and “barriers to financial inclusion.” Like most central banks, regulators, think tanks, and politicians, the WEF publication gives lip service to the power of crypto, but never addresses the elephant in the room: instead of actual […]

Is US politics divisive enough to make crypto a partisan issue?

While no longer the leader of the Democratic Party, Hillary Clinton's comments on crypto could have the potential to create more partisanship among lawmakers regulating digital assets. As the perceived legitimacy of blockchain technology increases, politicians in the United States have shown a growing interest in turning this non-partisan technology into a topic of political divisiveness.Speaking via video to an audience of the Bloomberg New Economy Forum in Singapore on Friday, former presidential candidate Hillary Clinton said while cryptocurrencies were an “interesting” technology, they also had the power to undermine the US dollar and destabilize nations — “perhaps starting with small ones but going much larger.” While no longer the leader of the Democratic Party, Clinton’s sentiment on crypto resembles that of top Democrat and senator Elizabeth Warren, who has often criticized the crypto market during committee hearings.

Floki Inu’s London Ad Campaign Draws Green Party Politician’s Ire

A massive advertising campaign in London launched by Floki Inu (FLK), a memecoin named after Tesla chief Elon Musk’s Shiba Inu dog, has pushed some local politicians to demand a ban on ads featuring unregulated financial products displayed by Transport for London (TfL)....Read More: Floki Inu’s London Ad Campaign Draws Green Party Politician’s Ire

Floki Inu’s London Ad Campaign Draws Green Party Politician’s Ire

A massive advertising campaign in London launched by Floki Inu (FLK), a memecoin named after Tesla chief Elon Musk’s Shiba Inu dog, has pushed some local politicians to demand a ban on ads featuring unregulated financial products displayed by Transport for London (TfL)....Read More: Floki Inu’s London Ad Campaign Draws Green Party Politician’s Ire

Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares

A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows.

South Korea’s Prospective New President Mulls ‘Giving a Crypto to all Citizens’

Crypto has become a key issue in the run-up to the South Korean presidential election – with shots firing in all directions as politicians hunt for votes.

Pro-Crypto Bills Help Politicians ‘Target Millenals & Zoomers’

South Korean media outlets claim political parties in the country are targeting millennials and members of Generation Z with pro-crypto policies and private members’ bills aimed at wooing young, crypto-keen voters ahead of next year’s elections....Read More: Pro-Crypto Bills Help Politicians ‘Target Millenals & Zoomers’

How and Why Crypto Suffers from Unfair Treatment by Regulators, Politicians & Media

Few of us are strangers to double standards, particularly those to which Bitcoin (BTC) and cryptocurrencies, in general, are often subjected.

US Lawmakers Float the Idea of Minting a Trillion-Dollar Platinum Coin to Avoid Sovereign Debt Crisis

American politicians have been clamoring about the US facing a significant debt crisis and the debt ceiling putting the country at risk of default.

While Politicians Worldwide Clamor Over Tax Evasion, Pandora Papers Show Bureaucrats Are the Worst Offenders

As bureaucrats across the globe continue to ask the common citizenry for access to every financial decision they make, politicians and celebrities worldwide are hiding large amounts of wealth in tax havens according to the Pandora Papers.

Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion'

Texas Senator Ted Cruz is among a number of politicians and bankers that are opposed to the nomination of Saule Omarova.

This Crowdsourced Project Attempts to Reveal American Politicians That Own Bitcoin

On September 19, 2021, the software developer and cofounder of Casa, Jameson Lopp, announced a new project called bitcoinpoliticians.org which sifts through Congressional financial disclosures and records them into a database.

Ukraine Officials Fail to Account for Millions in Declared Crypto Assets

Personal asset declarations filed by politicians and government officials in Ukraine have indicated that many have made significant investments in cryptocurrency.

Politicians Want USD 16B More From US Cryptofolk, But S Korea Sees Better News

but then buying the same type of coin again within the next 30 days.

AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’

All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging US president Biden to replace Fed chairman Jerome Powell with someone who will address “climate risk.” AOC, Tlaib, Pressley: ‘Climate Change Is a Warning of the Potential […]

American Regulators Could Be Set to Poop Bitcoin USD 50K Party

Bitcoin (BTC) may have broken through the key USD 50,000 barrier, but crypto investors might be wise to keep their champagne on ice – with United States politicians and regulatory bodies possibly gearing up to the crash the celebrations later this week. The token is now trading just over USD 50,000 at the time of writing, per CoinGecko data.

Mike Novogratz blasts US officials for poor grasp of crypto industry

The billionaire crypto proponent said politicians and regulators have a flawed understanding of crypto and its technological underpinnings. Amid the chorus of stringent crypto regulations among several United States leaders, proponents such as Galaxy Digital CEO Mike Novogratz look to counter anti-cryptocurrency sentiments circulating in Washington.Tweeting on Tuesday, Novogratz described crypto as the “future of our financial systems” while adding politicians and regulators ought to do their homework before devising policies to regulate the industry.Novogratz’s tweet was in response to Senator Elizabeth Warren’s remarks where the Senator from Massachusetts once again espoused anti-crypto sentiments, calling cryptocurrency “the wild west” of the US financial system.Senator Warren has been a vocal proponent of more stringent crypto regulatory policies, even querying officials such as Gary Gensler, Chairman of the Securities and Exchange Commission and Treasury Secretary Janet Yellen to come up with stricter rules for digital currencies.Speaking to the Aspen Security Forum on Tuesday, Gensler recognized the value proposition of Bitcoin (BTC) and crypto assets, albeit stating that cryptocurrencies were “highly speculative stores of value.”As previously reported by Cointelegraph, Gensler has expressed the need for more robust crypto regulations in America.

Want To Fix Financial Literacy? Focus on Billionaires & Politicians

Agata Soroko, PhD Candidate, Faculty of Education, L’Université d’Ottawa/University of Ottawa. ______ Shortly after the COVID-19 pandemic threw the global economy into a crisis in March 2020, I wrote an essay expressing my hope that the unfolding financial collapse wouldn’t be used to justify a push for more financial literacy education in schools.

Regulators Take Notice as Bragging Crypto Derivatives Traders Get Caught

Bragging crypto derivatives traders might have made things even worse for them and trading platforms, as politicians and regulators just got another incentive to crack down on this market even stronger.

Mike Novogratz Says Institutions Are Buying Bitcoin, Politicians Need More Crypto Education

Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying.

Avalanche founder Emin Gün Sirer ‘quite bullish' on crypto market prospects

Despite the current market downturn, the Cornell University computer scientist and professor says he is bullish about crypto. Emin Gün Sirer, the creator of the Avalanche blockchain protocol, has said the current decline in crypto prices has not dampened his enthusiasm about the future of the market in general.Speaking to Cointelegraph China, Sirer drew from his “unique vantage point” to offer some of the behind-the-scenes goings-on concerning the growing level of interest in crypto exposure among entities from outside the industry.According to Sirer, everyone from politicians to central banks and even hedge funds have been inquiring about crypto over the last year.

Brian Armstrong Meets With Fed Chair Jerome Powell – ‘US Needs to Be a Major Crypto Player to Stay Relevant’

According to Jerome Powell’s conference calendar, the CEO of Coinbase, Brian Armstrong, met with the Federal Reserve chairman and former House of Representatives Speaker Paul Ryan to speak about the implications of digital currencies.

Leaders in France, US Urge Crypto Regulation ‘Before It’s Too Late’

Some politicians and regulators appear in a hurry to place checks and balances on crypto – perceiving that they must take some kind of control over the sector before it is too late. In the United States, lawmakers want to go on a stricter regulatory route than the status quo – and are keen to stamp out the anonymous nature of crypto transactions, once again

More Latin American MPs Push for Bitcoin Laws – Including a Gov’t Vice Minister

The ranks of Latin American politicians joining the laser-eyed, bitcoin (BTC) adoption-supporting movement are beginning to swell – and while the majority of the crowd are young, opposition party MPs, the group now boasts at least one government vice minister. While the movement began in earnest over the weekend, when the President of El Salvador Nayib Bukele expressed his

Former SEC head and treasury undersecretary defend US crypto regulations

Former top policymakers Jay Clayton and Brent McIntosh has defended the crypto regulatory regimes established during their respective government tenures. The regulatory pressure is mounting in the US, with more politicians questioning whether the current framework is adequate.An opinion piece penned for Wall Street Journal by former SEC Chairman, Jay Clayton, and former Undersecretary of the Treasury, Brent McIntosh, have defended the United States’ existing regulatory apparatus regarding crypto and warned that excessive rulemaking could stifle innovation.The discussions come as cryptocurrencies have been thrown into the regulatory spotlight once again in the wake of two crippling ransomware attacks in the US Over the weekend, two senators deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks.Clayton served as SEC head from May 2017 until December 2020 and stated that the agency did not take up Bitcoin regulation because the asset was declared not to be a security before he took up his position as its head.

New Crypto FUD Round Incoming as US Gunning for Ransomware Crackdown

United States politicians appear to have a new stick to beat the crypto sector with – as they prepare an onslaught on ransomware and crypto payments to criminal groups. Per Reuters, a senior official at the Department of Justice (DOJ) confirmed that the department is set to elevate the status of ransomware attack probes to the same kind of level as terrorism incidents.

EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin

While a number of media pundits and politicians have been talking about Bitcoin’s energy consumption, there’s been a myriad of firms working toward green solutions well before all the controversy.

South Korean Ministries ‘Do Not Want’ to Take Charge of Crypto-Related Regulation, Claims Official

The crypto regulation crisis is on fire in South Korea, as politicians have struggled to reach agreements with top government officials to ease rulings.

Young & Angry Voters Warn Politicians Over Crypto Crackdown

The South Korean government is facing the prospect of an embarrassing climbdown after a furious backlash from 20-39-year-olds in the country over its proposed crypto “crackdown.” The furor came to a head over the weekend, after a perfect storm of tumbling crypto prices and a strongly worded warning about crypto from the head of the regulatory Financial Services

Bitcoin caught in the crossfire as Turkish opposition leader voices support

After a blanket ban on crypto, Bitcoin is now a talking point for Turkey's politicians.

S Korean MPs Seek to Ban Crypto Felons from Returning to the Industry

Convicted South Korean crypto criminals should be barred from re-entering the domestic crypto market, lawmakers have stated – as politicians continue what they have vowed will be a “crackdown” on irregularities in the industry. Per the media outlet Weekly Today, the influential MP Lee Jung-mun, of the ruling Democratic Party, has already submitted a proposal with the

US President Biden Pushes for More Stimulus, One Million ‘Plus-up’ Payments Go out This Week

US politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan.

Swedish Central Bank Wants ‘Market Actors’ to Join Next Stage of CBDC Pilot

Sweden’s central Riksbank is forging ahead with its e-krona pilot project, and has outlined the next steps it wants to take – putting it on track to become the first European nation to roll out a central bank digital currency (CBDC). The Riksbank has been bullish about issuance, but will still have to convince politicians in the country to grant it the legal powers to

2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

Members of the US Federal Reserve and fellow bureaucrats have said that they are not worried about inflation levels and some officials have even encouraged a general increase in prices for goods and services.

Biden’s $2 Trillion Relief Package the Largest Stimulus Payments to-Date, Plan Showers Money on the Bureaucracy

On Saturday, politicians in the US approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400.

California Rep. Ro Khanna bats for 'cannot be devalued' Bitcoin

Over the past few months and years, Bitcoin, the world's largest cryptocurrency, has managed to turn many lawmakers and politicians in its favor.

Microstrategy Is Not For Microsoft and 20 Crypto Jokes

As bitcoin (BTC) soared over USD 50,000 this week, American politicians engaged in a high-stakes crypto pledge wars, while MicroStrategy raised over USD 1bn for its bitcoin purchases.

Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions

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.

Purging Today’s Freedom Activists: Why Big Tech’s Censorship Isn’t Directed Solely at Trump Supporters

There’s been a lot of unrest in the US and just before the presidential election’s electoral vote, Big Tech took action and censored a great number of individuals and even competing social media platforms.

Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

Stephen Harper said "the number of things that people use as reserves will expand," but the US dollar will still retain its dominant role.

South Korean Politicians Won’t Be Required to Disclose Their Crypto Holdings After Proposals Failed to Pass the National Assembly

South Korean politicians won’t be required to disclose their crypto holdings or crypto-related earnings as no fewer than three cryptocurrency-related bills failed to pass the National Assembly.

More Crypto Regulation Coming in Russia and Beyond, Warns Key Lawmaker

Russian politicians have issued another grim-sounding warning about forthcoming crypto regulations, hinting that 2021 may have some less-than-welcome surprises in store for the nation’s crypto community – as well as crypto enthusiasts based overseas. Per a report from radio station Govorit Moskva, Anatoly Aksakov, the head of the State Duma Committee on Financial

No Need for South Korean Lawmakers to Declare Crypto after Bill Fails

South Korean politicians and senior public officials need not report their crypto holdings or cryptoasset-related earnings, a new report has claimed – and there are no plans to make them do so. Per the Electronic Times, no fewer than three bills that would have seen cryptoassets granted property rights (and thus obliged MPs and civil servants to declare their trading

Politicians, Industry, Crypto Fans Unite to Reject Treasury Wallet Plans

Resistance to a new bill rumored to be in the pipelines at the American Treasury Department is growing amid fears that the measure is “potentially being jammed through without congressional review, and without meaningful industry engagement.” Many in the crypto industry – including Coinbase CEO Brian Armstrong – have expressed concern that the outgoing Treasury

19-year-old Ukrainian politician reports crypto holdings of $24M in Monero

Ukrainian government officials are investing in cryptocurrency. A newly appointed official in Ukraine has officially declared his cryptocurrency holdings, including a significant amount of privacy-focused cryptocurrency Monero (XMR). Rostyslav Solod, a 19-year-old deputy of the Kramatorsk regional department and the son of Ukrainian politicians Natalia Korolevska and Yuriy Solod, reported holdings of 185,000 XMR, worth about $24.5 million at publishing time. According to a declaration published on Dec.

Furious Abkhazian Villagers Forcibly Close Down Crypto Mining Farms

Crypto mining is threatening to draw a nation into chaos – with angry Abkhazian villagers reportedly taking the law into their own hands by kicking miners out of their regions. The latest development in the South Caucus-located de facto state has seen anarchic uprisings, with miners thrown out on their ears – and politicians apparently divided as to how to deal with

‘Russian Dictators Will Use Blockchain to Rig Elections,’ Says Critic

Russia’s new blockchain-powered voting systems could be exploited by unscrupulous politicians, becoming “tools” for the architects of rigged elections and voter fraud, a journalist has alleged. The claims were made in a new column entitled “Blockchain for Dictators” by Sergei Golubitsky, an IT journalist and a long-time contributor to the liberal-leaning

Federal Reserve Staff Sluiced Wall Street Bankers With Trillions From the Comfort of Their Mansions

While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel.

Politicians Debate Bailouts While DeFi Continues Its Slide South

As markets pay closer attention to the US election, decentralized finance continues its poor run while stablecoins look upbeat.

Israeli politicians want to recognize Bitcoin as currency, not asset 

According to a local news report, four members from the Yisrael Beiteinu political party in Israel have submitted a new bill that proposes to recognize Bitcoin (BTC) as a digital currency instead of a The post Israeli politicians want to recognize Bitcoin as currency, not asset  appeared first on AMBCrypto.

Swiss Senate Passes Blockchain Act Legal Reform to Clean Up Crypto

Politicians in Switzerland's senate have passed a new bill aimed at better regulating cryptocurrencies.

Robert Rorschach: 20 Reasons Not to Vote

If one votes, one participates.

Russian Ministry’s Crypto Mining Plans ‘a Cause for Concern’

The Russian Ministry of Finance wants to ban crypto miners from receiving token rewards leading to what newspaper Izvestia has called “a de facto ban on the circulation of cryptoassets in Russia.” The newspaper said it has seen Ministry of Finance-drafted legislation proposals pertaining to a forthcoming crypto law that politicians claim may be ready for parliamentary

Unknown assailants have attacked multiple pro-Bitcoin politicians in Russia in recent weeks

Bad things may happen to you in Russia if you support Bitcoin and don't like Putin. It has been a bad couple of weeks for pro-Bitcoin / anti-Putin activists in Russia.

Free Market Family: Goldbug Peter Schiff Asks the Bitcoin Community to Gift Crypto to His Son

The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet.