News about LEGAL

News about Legal

Canadian Blockchain Company Link Global Facing $7M Fine for Illegally Operating a Dormant Natural Gas Well to Mine Bitcoin

submitted by /u/Scruffy_Snub [link] [comments]

2 currencies pictured here: One is: used by criminals, impossible to track its transactions, used for illegal activities, loses value each year ...the other one is $ETH

submitted by /u/giugiacaglia [link] [comments]

Are there any useful LEGAL tax "loopholes" to keep uncle Sam from taking too much of your hard earned crypto? Yes. And I've done some digging to find them for you. (US)

This is all within the IRS rule book. But make sure to check the rules for yourself: https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions And ask for professional advice if you need help...

Recruiters say crypto firms seeking leadership in engineering, legal and finance

Talent recruitment experts say that crypto firms are in dire need of the best leadership available to scale their businesses. The crypto industry has enjoyed astronom...

Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTC

The Twitter account of Indian Prime Minister Narendra Modi was compromised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This ha...

Paraguay poised to legalize use of bitcoin and cryptomining

submitted by /u/simplelifestyle [link] [comments]

Crypto legislation unlikely any time soon, says Robinhood chief legal officer

Dan Gallagher says it’s likely US crypto legislation is going to take some time to finalise His comments to CNBC come at a time when several cryptocurrency exchange executives are expected to head to Capitol Hill to meet lawmakers. Robinhood'...

It's official - I have just declared ETH an official currency and legal tender.

I have just passed a resolution to make ETH a legal currency, which makes me the first person to do so (via Reddit). According to the law, citizens will be able to use Ethereum to do everything from paying taxes and paying off debts to buying goods...

$7.5 Million NFT Collection Accused of Using Art Without Permission Threatened by Legal Action

While non-fungible token (NFT) assets have been extremely popular in 2021, there’s been a slew of issues tied to the ecosystem as well. A recent report indicates that roughly a dozen artists are considering taking legal action against an NFT c...

Bitcoin could be exempt from capital gains tax in the UK because it is now legal tender in El Salvador.

submitted by /u/Phreesion [link] [comments]

Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading

The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter sessi...

Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador

The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as le...

Bitcoin too volatile to be adopted as legal tender, says BoE chief

The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it. Bank of England governor Andrew Bailey has expressed conce...

Tongan MP plans bill to make bitcoin legal tender

submitted by /u/Phreesion [link] [comments]

Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets

The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which...

IMF Warns El Salvador Against Using Bitcoin as Legal Tender After 'Bitcoin City' Announcement: The IMF can eat Sh*t .No to modern day slavery

submitted by /u/lozedas [link] [comments]

IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement

The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a &am...

Indian Government is planning to legalize Crypto Currencies in the country, What is gonna happen after that?

This is gonna be big in the crypto community. In the upcoming parliamentary session, World's second largest nation in the world is gonna legalize crypto in it's country very soon. This would mean that this is a really big news for crypto. Til...

Inflation is just a legal way the elites can steal from you. A few influential people can print the same money you worked years for without any effort and devaluate whatever you are holding. Inflation is by far the best argument for Crypto.

The past 2 years have been more than proof when the billionaires got 62% richer during the pandemic while the middle and the poor class got even poorer. The government printed trillions of dollars and just dumped it into the stock market. No matter...

Is it Illegal to turn collectable items with I.P. into NFT's?

What if i bought up a bunch of retro star wars action figures, turned each one into an NFT and sold those as a collection on the open market? Can Star wars come after me? Technically I'm just a reseller just like any other pawn shop - except it&...

Nigeria Central Bank Governor: Cryptocurrency Is a Product ‘Embedded in High Level of Illegality’

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has claimed that a majority of cryptocurrency transactions are embedded in illegality. He also asserts that there is no room for cryptocurrency in the Nigerian banking space. Pushback...

India to Legalize Bitcoin

submitted by /u/33nmakkie [link] [comments]

Zimbabwe Could Adopt Bitcoin As Legal Tender Following El Salvador

The adoption of Bitcoin by El Salvador has opened the door for more adoption. However, the first country to achieve it didn’t find it easy. There were lots of doubts and criticisms targeting El Salvadorian President Nayib Bukele. Some people st...

Will Zimbabwe be the next nation to declare BTC legal tender?

submitted by /u/Pitiful-Tap3578 [link] [comments]

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs

Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mini...

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