According to Justin Sun, China is moving towards crypto legitimacy by imposing a tax on crypto transactions. The move signifies that the Chinese government views crypto assets as a legitimate wealth source and storage vehicle. China’s crypto transaction tax policy Justin Sun, head...
On Friday, the Biden administration asked the United States Congress to expand regulators’ authority in policing the crypto industry. Four senior White House officials published a statement titled ‘The Administrations Roadmap to Mitigate Cryptocurrencies’ Risks.’ It urged Congress to “step up its efforts” in crypto...
European Union lawmakers have imposed strict measures for banks holding digital assets in a bid to limit the amount of unregulated cryptocurrency that banks can hold. Strict rules for banks holding cryptocurrencies The European Union (E.U.) Parliament’s Economic and Monetary Affairs Committee has...