Bitcoin slips under $20K amid Biden budget, Silvergate collapse
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level.
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Biden budget proposes 30% tax on crypto mining electricity usage
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.
Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3
Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3.
Here's why India held on to older crypto reforms in national budget 2023
Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022.
Canada to examine crypto, stablecoins, and CBDCs in new budget
Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation.
SEC chair uses crypto enforcement in justification for FY2023 budget
"We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space," said Gary Gensler.
Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto
The regulator says it’s “committed to keeping pace” with the risks of “the growth of crypto assets”, upping its budget by $31 million in preparation.
CTFC looks at expanded authority to regulate crypto, for less than a 10% budget increase
The agency’s $365 million proposed FY2023 budget includes significant allocation for CPAs and whistleblowers.
Crypto tax rules will reduce US budget deficit by $11B over ten years — White House
The budget from the Biden administration said modernizing tax rules to include digital assets will bring the government $4.9 billion in revenue in 2023.
Laotian govt budget expected to gain $194M from crypto miners by 2022
Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic.