French Lawmakers to Lower Cryptocurrency Tax by 6 Percent

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French lawmakers have adopted an amendment to the 2019 budget bill that will cut capital gains tax on bitcoin sales to 30 percent from 36.2 percent. This will bring cryptocurrency transactions in line with other non-real estate assets, which are taxed at a flat rate of 30 percent. Also Read: Survey: South Africans Turn to Crypto…

US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance

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On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US…

US Senators Discuss Crypto Threat to Domestic Elections

US Senators Discuss Crypto Threat to Domestic Elections

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DarkTower director Scott Dueweke said cryptocurrencies are “tailor made” for foreign powers hoping to influence American elections.

Japanese Corporation Begins Offering Loans Secured by Cryptocurrency

Japanese Corporation Begins Offering Loans Secured by Cryptocurrency

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An established Japanese corporation has begun offering loans secured by cryptocurrency. The company says this is the first service in Japan where loans in Japanese yen can be obtained with cryptocurrency as collateral. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Loan Program Abic Corporation announced Friday the launch of its bitcoin loan…