Crypto industry disappointed as Australia looks to enshrine tax rules

SYDNEY, Oct 26 (Reuters) – The cryptocurrency industry said on Wednesday it was disappointed with Australia’s decision to continue treating digital currencies as assets for tax purposes, and not as foreign currency. The government said in its budget announcement on Tuesday it would introduce legislation to enshrine the treatment of digital currencies such as Bitcoin … Read more

Canada’s Conservatives pick populist in bid to oust Trudeau’s Liberals

Register now for FREE unlimited access to Reuters.com Register OTTAWA, Sept 10 (Reuters) – Canada’s Conservatives on Saturday picked Pierre Poilievre, a veteran parliamentarian who has promoted bitcoin as way to fight inflation, to spearhead the party’s bid to oust the Liberals and Prime Minister Justin Trudeau. Poilievre, 43, won leadership in the first round … Read more

A year on, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, Sept 7 (Reuters) – A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a volcano – is still dense jungle. President Nayib Bukele had promised that “Bitcoin City” would be a tax … Read more

Lawyer of alleged crypto launderer urges Russia to discuss prisoner swap – letter

Alexander Vinnik, a 38 year old Russian man suspected of running a money laundering operation using bitcoin, is escorted by police officers to a court in Athens, Greece December 13, 2017. REUTERS/Costas Baltas Register now for FREE unlimited access to Reuters.com Register MOSCOW, Sept 5 (Reuters) – The lawyer of a Russian man accused of … Read more

Senate bill would hand bitcoin, ether oversight to commodities regulator

Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 3 (Reuters) – A new bill introduced in the U.S. Senate would make the Commodity Futures Trading Commission … Read more

Honduras launches ‘Bitcoin Valley’ in the tourist town of Santa Lucia

July 29 (Reuters) – People can pay for a slushie with crypto in the streets of “Bitcoin Valley,” a project in the Honduran tourist enclave of Santa Lucia through which the country has entered the digital currency trend. The small town in the mountains, 20 minutes from the capital Tegucigalpa, has become a bitcoin city. … Read more

Crypto assets need new rights in law, UK legal body says

A stock graph is seen with a representation of bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register LONDON, July 28 (Reuters) – Britain should create a new category of private property law for digital assets like cryptocurrencies which are being used to … Read more

Central African Republic launches ‘Sango Coin’ cryptocurrency amid industry rout

LONDON, July 15 (Reuters) – Central African Republic will start selling a cryptocurrency it says will be worth $21 million next week, it said on Friday, amid a wider rout in the industry and scepticism over the project’s feasibility in a poorly connected, war-torn country. The “Sango Coin”, described as a “national digital currency” will … Read more

Explainer: EU agrees rulebook for ‘Wild West’ crypto markets

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – The European Union on Thursday reached a provisional deal on the world’s first set of comprehensive … Read more

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a … Read more