On Tuesday, August 10, the U.S. Senate sent a bipartisan bill to raise $1 trillion to upgrade the nation's infrastructure to the House of Representatives in its original form.
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Indian crypto exchange CoinDCX has raised 6.70 billion rupees ($90 million) from investors in a funding round worth more than $1 billion.
The U.S. Senate continues to debate a bill that would allow the White House to get $1.5 trillion to build and rebuild infrastructure. Some of these funds will come from new taxes, particularly the cryptocurrency market should bring in $28 billion in additional fees.
Taxation of cryptocurrency transactions is a problem that is being addressed around the world. Since the World Bank and the financial regulator SEC do not have a unified vision for digital money, each country solves this problem individually, at its own discretion.
After the U.S. Senate failed to pass amendments to the infrastructure law that are important to the crypto industry, IOHK CEO Charles Hoskinson promised to take its representatives to the streets.
The infrastructure bill proposed by the White House administration has sparked fierce debate in the Senate. Republicans don't want the President's ideas to become a reality and demand a change in funding.
According to Reuters, the U.S. Senate held an interim vote on a bill that would allocate $1.2 trillion to fund infrastructure projects. Part of these funds will be obtained through an increase in tax collections, in particular from the cryptocurrency market, congressmen plan to collect an additional $28 billion.
A compromise amendment to a tax reporting bill for cryptocurrency transaction income was rejected by the U.S. Senate.
Bitcoin introduced to the world a whole new set of blockchain-based financial applications. CeFi (centralized finance) has been around since the advent of the flagship cryptocurrency.
Uphold and GlobaliD are launching a Ripple XRP cashback card via Mastercard.
According to co-founder of PayPal David Sachs, in the near future we should expect big companies and authorities to form a list of so called "prohibited purchases" "No-Buy" for users and companies that have questions.
In our last article, we talked about cryptocurrency taxation in Europe. Today we will talk about Asian countries.
The startup became the 8th crypto company to be registered by the government.
