US Bill Expected To Bring Clarity To Cryptocurrencies Makes Its Third Round

Warren Davidson, the US Representative reinstated his signature bill this week, titled Token Taxonomy Act. This marked the third attempt in three years to get the proposed regulations completed. The proposed bill is an attempt to provide a coherent piece of legislation for the regulation of cryptocurrencies. It also includes various crypto-friendly measures with respect…

XRP Loses Moneygram Because Of The SEC Lawsuit Against The Crypto

Reportedly, Moneygram has suspended utilizing Ripple’s platform. The announcement was a result of US Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs and its officials. Preceding year, Moneygram International earned $50.2 million for using the Ripple platform. However, this year it announced that it had suspended trading on the platform following the lawsuit against…

For Preventing Crypto Owners From Evading Tax Spanish Authorities Issues Guidelines

Fresh guidelines regarding crypto tax have been published by Spain’s Federal Tax Authority, SATA – (i.e. State Agency for Tax Administration). The purpose of the issuance of guidelines is to seek a prominent increase in the number of crypto taxpayers while reducing the instances of tax avoidance. Spanish Government says that the initiative is an…