Is Coinbase Sabotaging Bitcoin De Minimis Tax Exemption In Favor Of Stablecoins?
A new controversy has emerged within the cryptocurrency community, particularly on “crypto Twitter,” involving US-based exchange Coinbase (COIN). Rumors are circulating that the exchange is actively opposing the proposed Bitcoin (BTC) de minimis tax exemption, allegedly to promote a regulatory framework that favors stablecoins over Bitcoin. Coinbase’s Alleged Lobbying As the US government seeks to […]
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The popular cryptocurrency exchange Coinbase has addressed the request from Ukrainian officials to freeze the accounts of all Russian users. A Coinbase spokesperson noted that the digital currency platform would not “institute a blanket ban” against ordinary Russian users.
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A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation. US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets.A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de minimis exemption — which allows for the owners of securities who hold an amount below a certain threshold to work on policy related to that security — is universally....
Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi. Swiss National Bank (SNB) deputy head Thomas Muser talked to Cointelegraph editor Aaron Wood and discussed the ongoing trends in central bank digital currencies (CBDCs), stablecoins, and regulations, during the recently concluded European Blockchain Convention (EBC) 2022.Talking about the innovation and adoption of private stablecoins and plans of central banks regarding the CBDC launch, Moser said both could co-exist. He said that CBDC's function would be....
The bill would provide tax exemption on bitcoin transactions for less than $50 or trades netting a gain of less than $50.