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Putin Signs Law to Allow Crypto Trading on Russian Platforms and Mining
Russia has officially legalised crypto mining to circumvent Western sanctions, with the new law regulating and overseeing mining activities. The law enables crypto as a form of payment in foreign exchange and allows the Bank of Russia to create an electronic platform for crypto transactions while retaining the authority to ban risky activities. An experimental regime starting in September 2024 will enable cross-border payments and trading using cryptocurrencies. In a bid to avoid Western sanctions, Vladimir Putin has officially legalised cryptocurrency mining in Russia, according to the Russian news agency Tass. The new law will regulate what was a previously...
HMRC Can’t Value Seized NFTs Seized in 2022
By Mark Hunter 5 days agoFri Nov 29 2024 08:17:29 Reading Time: 2 minutes The UK’s tax authority, HM Revenue and Customs, is still trying to figure out how to value three NFTs sized in a 2022 investigation Two years on, the agency has yet to determine how to accurately value the assets The agency remains tight-lipped about the NFTs’ current status, citing security and compliance concerns The UK’s tax authority, HM Revenue and Customs (HMRC), is still trying to work out how to value three NFTs sized in a 2022 investigation. HMRC seized the NFTs as part of a...
XRP surges after Ripple ‘victory,’ Trump Jr. crypto platform plans, and more: Hodler’s Digest, Aug. 4-10
XRP's price surged this week after Ripple scored a "victory," Donald Trump Jr. announces plans to launch crypto platform, and other news. by Editorial Staff 10 min August 10, 2024 Share Share Share Share Top Stories of The Week XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’ The price of XRP surged 26% as a New York federal judge moved closer to ending a three-year securities lawsuit against Ripple Labs, which executives are calling a “victory” for the industry. On Aug. 7, a judge ordered Ripple Labs to pay a $125 million civil penalty and said the...
