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crypto transactions
Why Canada's Enactment of the Emergencies Act Is 'Very Very Scary'
Canadian Prime Minister Justin Trudeau invoked the Emergencies Act to address the continued protests across the country over COVID-19 measures. The move includes an expansion of money-laundering laws to include crypto transactions, adding that banks can immediately freeze or suspend bank accounts. "The Hash" resident Canadian co-host Jenn Sanasie says the government going after people's funds at this polarizing time is "very, very scary," especially as it hits close to home. The crew dissects this controversial measure on "The Hash."
India Unveils 2022 Budget Proposing 30% Crypto Tax, Digital Rupee Launch
In her presentation of the Modi government’s budget to Parliament, Indian Finance Minister Nirmala Sitharaman announced plans to launch a digital rupee by next year, and tax income from the transfer of virtual assets at 30%. This comes amid talks of a potential crypto ban in the country.
House Bill Could Let Treasury Secretary Block International Crypto Transactions
U.S. House of Representatives introduced the America COMPETES Act designed to advance U.S. competitiveness and leadership around the globe earlier this week.
Crypto Lobbying Group Warns of Another Tax Provision in Senate Infrastructure Bill
A new report from the Proof of Stake Alliance calls attention to a little-debated tax provision that would require some peer-to-peer crypto transactions to be reported to the government.
