CryptoCompare is very proud of how good its statistics are and how much ground it covers in the crypto world. The technology and API of the project want to make sure that its infrastructure is safe. The platform wants to give both individual and institutional investors access to information that will help them better manage their investment portfolios. CryptoCompare guarantees the accuracy of its data and follows the strictest rules. The initiative conducts frequent audits of crypto exchanges and is…
Tag: Crypto Bill
Panama President Vetoes Crypto Bill Citing Money Laundering Risks
Laurentino Cortizo, the President of Panama, has partially vetoed a bill that would have regulated Bitcoin and legalized decentralized autonomous organizations (DAOs). Local media outlet La Prensa reported yesterday after obtaining a copy of the 32-page veto. Cortizo vetoed Bill No. 697 (Crypto Law) for failing to adapt to rules that regulate the Panamanian banking system. While Cortizo admitted the proposal is new, he said it must adapt to Panama’s monetary system. According to him, this system has seen the…
2 weeks ago 549
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The Lummis-Gillibrand Crypto Bill: Summary and Highlights
This post was updated to clarify that most cryptocurrencies would still be governed by the SEC under the Lummis-Gillibrand bill. Cynthia Lummis’s long-awaited regulatory bill has arrived, providing legal clarity across multiple major sectors of the crypto industry. Here are the biggest takeaways from the legislation, including info on which cryptos are securities, and taxation of crypto transactions. The Responsible Financial Innovation Act would – if passed – would classify the two top cryptocurrencies right now as commodities –…
4 weeks ago 595
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Portuguese Parliament Rejects Two Bills Calling For Crypto Taxation
Portugal’s parliament, Assembleia da República, has rejected two bills that sought to tax cryptocurrencies. Livre and Bloco, two Portuguese left-wing parties, proposed the bills. However, both parties had little representation in Congress. The ruling Socialist Party, which holds the majority of seats in the legislative assembly, has not yet submitted any bill. This news comes on the heels of Portugal’s Minister of Finance, Fernando Medina, announcing that cryptos will be subject to taxation soon. Explaining the need for crypto taxation,…
1 month ago 1.1 k
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Cyprus Government Prepares Crypto and Digital Assets Bill
The Government of Cyprus has laid down its own digital assets laws to administer cryptocurrency transactions. It is very likely Cyprus could adopt the new bill before the EU reaches a consensus regarding its own regulatory structure. Kyriacos Kokkinos, an official of the Cyprus government, shared this information in a fintech meeting at Larnaca. Government Supports Crypto Usage Also a member of the European Union, Cyprus has a reputable position in the consortium when it comes to innovation. Just last…
1 month ago 520
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