Home » Tag Archives: Considers

Tag Archives: Considers

India Considers Taxing Cryptocurrency at 18% as ‘Intangible Property’: Reports

India is working on proposals to make cryptocurrency transactions subject to goods and services tax (GST), sources told Bloomberg May 23. According to the anonymous parties with “direct knowledge” of the plans, the government’s Central Board of Indirect Taxes is considering applying the 18 percent tax to exchange operations, which it would view as “intangible goods.” “Purchase or sale of ...

Read More »

Norway Central Bank Considers Developing Digital Currency

Norway’s central bank, Norges Bank, is considering developing its own digital currency as a supplement to cash to “ensure confidence in money and the monetary system”, according to a working paper May 18. The report, prepared by a Norges Bank working group, investigates aspects they believe should be considered when assessing the issuance of a central bank digital currency (CBDC). ...

Read More »

President of Chile’s Central Bank Considers Cryptocurrency Regulation, Says It Is Useful for ‘Monitoring Risks’

Mario Marcel, the president of Chile’s Central Bank, is considering regulating cryptocurrencies in the country in order to monitor risks, local news outlet El Economista reported Tuesday, May 15. Cryptocurrencies in Chile are not currently considered as money or securities, but there are no laws in place that prevent citizens from exchanging crypto for goods and services. During a forum ...

Read More »

Belarus Considers Digital Economy a Top Priority, Develops Resolution For OSCE Meeting

Belarus considers the digitization of the economy a top priority and is developing a resolution promoting digital economy for a session of the Parliamentary Assembly of the Organization for Security and Co-operation in Europe (OSCE PA), local news  BelTA reports May 15. Speaking at the Eurasian Digital Forum, the Minister of Telecommunications and Informatization Sergey Popkov said that digital technology ...

Read More »

China’s Official Gov’t Auditor Considers Blockchain To Streamline Data Infrastructure

The National Audit Office of the People’s Republic of China is considering a Blockchain solution to address the problem of what it describes as the “endless cycle of data storage and management” for its current infrastructure, according to an announcement published on its website Apr 24. The National Audit Office is tasked with auditing all government-related financial transactions, and manages a ...

Read More »

Former US Gov’t Regulator Considers ETH, XRP Likely ‘Noncompliant Securities’

Former Goldman Sachs partner and government regulator Gary Gensler believes that altcoins Ethereum (ETH) and Ripple (XRP) should likely be considered unregistered securities, The New York Times reported Sunday, April 22. After working at Goldman Sachs, Gensler served as one of the top financial regulators in President Obama’s administration, as well as as the finance chief for Hillary Clinton’s 2016 ...

Read More »

Crimean Gov’t Considers Crypto Fund To Attract Foreign Investment, Avoid Sanctions

The Crimean government is considering the possibility of creating a cryptocurrency fund for foreign investors in order to avoid sanctions, local meda TASS reported April 18. The Crimean Deputy Prime Minister Georgy Muradov, told a group of journalists on Wednesday: “We are discussing ways to avoid sanctions. One of these methods is the creation of a cryptocurrency investment fund in ...

Read More »

Louisiana City Considers Own Cryptocurrency in Face of Funding Woes

Join our community of 10 000 traders on Hacked.com for just $39 per month. The mayor of Lafayette, Louisiana has proposed the city create its own cryptocurrency to raise money for public finance, taking a cue from Berkeley, California, according to The Acadia Advocate. Such blockchain-based municipal borrowing, should it materialize, could revolutionize local funding in the U.S. and beyond. Joel ...

Read More »

Lafayette Parish, Louisiana Considers Development Of Municipal Cryptocurrency And ICO

Mayor-President Joel Robideaux of Lafayette parish, Louisiana proposed the parish government to create its own cryptocurrency and consider launching an Initial Coin Offering (ICO), local news The Acadiana Advocate reported April 12. In his annual speech at the Heymann Center, Robideaux presented Lafayette as a technological hub, which could benefit from the development of its own digital currency to motivate ...

Read More »