Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
Dive into the fascinating world of cryptocurrencies with our weekly roundup. Explore the latest trends and get an exclusive look at the most impactful news. Get ready to discover how these innovations are reshaping the financial landscape.
For example, while some countries, such as Argentina and the Czech Republic, seek to encourage its adoption through tax incentives and more flexible regulations, others, such as Australia, impose restrictions to combat illicit use. The United States, for its part, is debating the regulation of Cryptocurrency-related exchange-traded funds (ETFs). In short, the global landscape is diverse and dynamic, with governments, investors and citizens debating the future of cryptocurrencies and their impact on the economy.
Argentine senator promotes law to favor cryptocurrency mining
The Argentine businessman and senator, Ezequiel Atauche, presented a project that seeks to modify the Regime for the Promotion of the Knowledge Economy (Law 27,506), to include cryptocurrency mining and Blockchain technology within the activities benefited by tax incentives.
More Read
By including these activities within the regime for promoting the knowledge economy, the aim is to promote the creation of a thriving digital ecosystem, capable of generating a significant flow of foreign currency and attracting foreign investments.
Czech Republic: Goodbye to taxes for long-term cryptocurrencies
Petr Fiala, Prime Minister of the Czech Republic, has announced plans to exempt sales of digital assets from capital gains tax if they are held for more than three years. Underlining that the proposal, supported by MP Jiří Havránek, aims to free taxpayers from some burdens. In fact, transactions below 100,000 crowns annually, approximately $4,200, would no longer require reporting.
Prosadili jsme lepší podmínky pro kryptoměny. Velkou práci na tom udělal náš poslanec @j_havranekkterý se tomu 2 roky intenzivně věnoval.
Nově bude platit časový test, který zaručí, že pokud kryptoměny držíte déle než tři roky, jejich prodej nebude zdaněn. Hodnotový test zase… pic.twitter.com/dHFESRvcD3
— Petr Fiala (@P_Fiala) December 6, 2024
Specifically, he wrote: «A new time test will be applied, which guarantees that if you hold cryptocurrencies for more than three years, their sale will not be taxed. “We make life easier for people and support modern technologies.”
Now, Czech legislator Jan Skopeček said that the Chamber of Deputies had approved the time and value conditions for the law.
Gensler’s farewell with controversy: Does he reject Solana’s ETF?
According to Bloomberg analyst Eric Balchunas, the United States Securities and Exchange Commission (SEC) will reject two ETF applications from Solana.
Indeed, Balchunas said the rejections were “Gary Gensler’s parting gift” to the crypto industry. Notably, Fox News journalist Eleanor Terrett revealed that sources at two Solana ETF issuers told her that the SEC will not approve any new cryptocurrency-related ETFs under Gensler’s leadership.
🚨SCOOP: I’ve confirmed that the @SECGov has notified at least two of the five prospective issuers that it will reject their 19b4 filings for the $SOL spot ETFs.
The consensus here, I’m told, is that the SEC won’t entertain any new #crypto ETFs under the current administration.
— Eleanor Terrett (@EleanorTerrett) December 6, 2024
However, Balchunas expects issuers to file to participate in Solana ETFs again once Paul Atkins begins his tenure as SEC chairman.
From mockery to laughter: Eric Adams and his investment in Bitcoin
At a press conference, Eric Adams, the mayor of New York City, had a direct message for his skeptics: “Remember how they laughed at me when I first received my Bitcoin? Go see my Bitcoins. Who’s laughing now?
Adams’ enthusiasm for cryptocurrencies is not new. His decision to accept his salary in digital assets was part of a larger vision: positioning New York City as a global epicenter of cryptocurrency innovation. This commitment not only seeks to attract talent and investment to the sector, but also to promote a technological ecosystem that boosts the financial future of the city.
Recall that Eric Adams received his first three paychecks in Bitcoin and Ethereum upon taking office in January 2022, facing ridicule at the time.
Australia tightens control over cryptocurrency ATMs
The Australian Transaction Reporting and Analysis Center (AUSTRAC) has announced a crackdown on cryptocurrency ATM providers in Australia, specifically those that fail to comply with the country’s anti-money laundering regime.
Incidentally, Brendan Thomas, CEO of AUSTRAC, said: “Cryptocurrencies and cryptocurrency ATMs are attractive avenues for criminals seeking to launder money, as they are easily accessible and allow for almost instantaneous and irreversible transfers. “We are seeing many Australians fall victim to cryptocurrency scams, and we have heard from some victims who have lost their life savings, which is truly heartbreaking.”
He further added: “Cryptocurrency ATM providers must ensure that they meet their anti-money laundering obligations and reduce the risks of crime. If they ignore these obligations, they risk significant financial penalties and AUSTRAC will not hesitate to take action. This is the first step in AUSTRAC’s approach to reducing the criminal use of cryptocurrency in Australia. “We will focus on this industry over the next year.”
I end with this quote from Joel McLeod: «Cryptocurrencies are absolutely here to stay. If you can’t see that right now, it’s time to learn more about it.”
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
