KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling

Subscribe to Updates

Get the latest Crypto news from kronosslott.

What's Hot

Price Prediction for Casper Ending January Through February 2023

January 28, 2023

Bitcoin Price Holds Above $23,000 – Consolidation or Accumulation?

January 28, 2023

Biggest Crypto Gainers Today – January 27

January 28, 2023
Facebook Twitter Instagram
  • Affiliate Disclosure
  • Anti Spam Policy
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram
KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling
KronosSlott
Home » It’s legislation season in the EU: Law Decoded, Oct. 3–10

It’s legislation season in the EU: Law Decoded, Oct. 3–10

adminBy adminOctober 11, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
It’s legislation season in the EU: Law Decoded, Oct. 3–10
Share
Facebook Twitter LinkedIn Pinterest Email


In one week, the EU institutions voted in favor of a crypto-friendly resolution and promoted MiCA to the next stage.

Last week, the European Union appeared to be rather busy with making decisions that could define the future of the crypto industry. First of all, 566 out of 705 members of the European Parliament voted in favor of a resolution originally drafted by member of the European Parliament (MEP) Lídia Pereira. 

The resolution recommends authorities in the 27 member states consider a “simplified tax treatment” for crypto users involved in occasional or small transactions and have national tax administrations use blockchain technology “to facilitate efficient tax collection.” It also calls on the European Commission to assess whether converting crypto to fiat would constitute a taxable event, depending on where the transaction occurred.

Meanwhile, representatives from a committee with the European Council sent the finalized text of the Markets in Crypto-Assets (MiCA) framework to parliament for a vote. Should the parliamentary committee approve the text, the policies could go into effect starting in 2024. The committee’s next meeting is scheduled for Oct. 10. The MiCA, first introduced in September 2020, aims to create a consistent regulatory framework for cryptocurrencies among European Union member states.

Crypto payments didn’t get to be an exception from a new set of sanctions introduced by the European Union against Russia amid its military aggression in Ukraine. The new sanctions include a complete ban on cross-border crypto payments between Russians and the EU. This statement includes the prohibition of “all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet.” This comes shortly after Russian officials’ approval of the usage of crypto for cross-border payments.

Norway’s government proposes eliminating the tax perk for Bitcoin miners

The finance minister of Norway, Trygve Slagsvold Vedum, has suggested the government abolish a scheme that allows crypto data centers to pay a reduced rate on electricity. According to the government, the reduced rate should be phased out as the demand for electricity was rising in certain areas. “In many places, the power supply is now under pressure, which causes prices to rise. At the same time, we are seeing an increase in cryptocurrency mining in Norway. We need this power for the community,” said the minister. 

Continue reading

Japan will invest in the Metaverse and NFTs

Fumio Kishida, the prime minister of Japan since 2021, said the government’s investment in the country’s digital transformation already included issuing nonfungible tokens (NFTs) to local authorities. He also hinted at digitizing national identity cards. In addition, the prime minister said the cabinet would “promote efforts to expand the use of Web 3.0 services that utilize the metaverse and NFTs.” According to the official, the government will be making efforts to promote Web3 services, including those dealing with NFTs and the Metaverse.

Continue reading

Kim Kardashian pays SEC $1.26 million

American socialite Kim Kardashian will pay $1.26 million in penalties for her involvement in the promotion of a cryptocurrency scheme called EthereumMax. The United States Securities and Exchange Commission announced the charges against Kardashian for “touting on social media a crypto asset security offered and sold by EthereumMax” without disclosing the payment received for her promotional involvement. She has agreed to settle the charges and pay $1.26 million in penalties, disgorgement and interest and is set to cooperate with further investigations by the SEC into the EthereumMax project.

Continue reading



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits – Exchanges Bitcoin News

December 12, 2022

What is a Doji candle pattern and how to trade with it?

December 12, 2022

Bitcoin Price Slides As Markets Brace For Fed Policy Decision And Inflation Data

December 12, 2022

Comments are closed.

Don't Miss

Price Prediction for Casper Ending January Through February 2023

Blockchain January 28, 2023

Join Our Telegram channel to stay up to date on breaking news coverage As part…

Bitcoin Price Holds Above $23,000 – Consolidation or Accumulation?

January 28, 2023

Biggest Crypto Gainers Today – January 27

January 28, 2023

Proof NFTs are Safe – Exec Speaks After CEO’s Account Is Hacked

January 27, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

Price Prediction for Casper Ending January Through February 2023

January 28, 2023

Bitcoin Price Holds Above $23,000 – Consolidation or Accumulation?

January 28, 2023

Biggest Crypto Gainers Today – January 27

January 28, 2023

Proof NFTs are Safe – Exec Speaks After CEO’s Account Is Hacked

January 27, 2023

Subscribe to Updates

Get the latest Crypto news from kronosslott.

About Us
About Us

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook Twitter Pinterest YouTube WhatsApp
Categories
  • Altcoin (4)
  • Bitcoin (2,020)
  • Blockchain (770)
  • Ethereum (320)
  • Gambling (2,082)
  • Litecoin (55)
  • NFTs (2)
Our Picks

Price Prediction for Casper Ending January Through February 2023

January 28, 2023

Bitcoin Price Holds Above $23,000 – Consolidation or Accumulation?

January 28, 2023

Biggest Crypto Gainers Today – January 27

January 28, 2023
©2022 –Kronosslott. All Rights Reserved. Kronosslott.com is an independent i-Gaming news site and casino comparison service. Every effort is made to ensure that the bonus offers listed here are accurate and up-to-date. However, we accept no responsibility for inaccuracies or errors. It is your responsibility to confirm the terms of any promotion you choose to accept. Looking to Advertise with us? Kronosslott is always looking for new partnerships. To Inquire please email kronosslott@gmail.com

Type above and press Enter to search. Press Esc to cancel.