\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Follow The Distributed

ADVERTISEMENT
\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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Follow The Distributed

ADVERTISEMENT
\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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ADVERTISEMENT
\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3428,"post_author":"1","post_date":"2022-02-09 18:32:27","post_date_gmt":"2022-02-09 07:32:27","post_content":"\n

A couple has just been arrested and $3.6 billion in stolen cryptocurrencies seized, directly linked to the 2016 hack of exchange BitFinex. The report<\/a> comes directly from the United States Department of Justice, stating that 119,754 Bitcoin has been recovered.<\/p>\n\n\n\n

The suspects identified as Ilya Lichtenstein (34) and his wife Heather Morgan (31), were arrested in Manhattan, New York. Deputy Attorney General Lisa Monaco stated that the arrest was \"one of the largest in terms of financial seizure in history.\"<\/p>\n\n\n\n

Members of the crypto community added how \u201ceasy\u201d it is to track funds moved around certain blockchains, calling digital assets a safer alternative to cash as public ledgers discourage criminals from operating on-chain.<\/p>\n\n\n\n

Authorities have acknowledged that the suspects were allegedly able to break the BTC transaction flows, but they still were able to track the funds as the individuals were in the U.S. and used several Know Your Customer platforms with traceable IPs.<\/p>\n\n\n\n

\u201cCriminals always leave tracks, and today\u2019s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,\u201d<\/em><\/strong><\/p>Paul M. Abbate, FBI Deputy Director<\/cite><\/blockquote>\n\n\n\n

Creating A Safer Cryptocurrency Ecosystem<\/h2>\n\n\n\n

This is one step closer to making a safer environment for the vast public to join the cryptocurrency ecosystem with the confidence of knowing that illegal activities aren't as anonymous as people make it out to seem.<\/p>\n\n\n\n

\u201cCryptocurrency and the virtual currency exchanges trading in it comprise an expanding part of the U.S. financial system, but digital currency heists executed through complex money laundering schemes could undermine confidence in cryptocurrency...The Department of Justice and our office stand ready to confront these threats by using 21st century investigative techniques to recover the stolen funds and to hold the perpetrators accountable.\u201d<\/em><\/strong><\/p>Matthew M. Graves, US Attorney For The District Of Columbia<\/cite><\/blockquote>\n","post_title":"119k Bitcoin Seized In Relation To 2016 BitFinex Hack","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"119k-bitcoin-seized-in-relation-to-2016-bitfinex-hack","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:29","post_modified_gmt":"2023-04-11 02:55:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3413,"post_author":"1","post_date":"2022-02-08 21:35:14","post_date_gmt":"2022-02-08 10:35:14","post_content":"\n

The Recording Industry Association of America (RIAA) calls for an end to \"bogus\" NFT site HitPiece<\/a>'s infringement of artists' rights. The cease and desist was forwarded<\/a> to the attorneys of HitPiece on February 4th, 2022.<\/p>\n\n\n\n

The RIAA insists HitPiece stop infringing on the intellectual rights of the musicians for selling NFTs of their music without the consent of the original artists. This is nothing new, HitPiece has been criticized in the past by both artists and fans for the same reason. After an apology<\/a> from the company on February 2nd, this wasn't enough.<\/p>\n\n\n\n

The line was crossed and the FIAA decided to step in to take legal action and show that there is no playing around in this industry.<\/p>\n\n\n\n

\u201cHitPiece appears to be little more than a scam operation designed to trade on fans\u2019 love of music and desire to connect more closely with artists, using buzzwords and jargon to gloss over their complete failure to obtain necessary rights. Fans were led to believe they were purchasing an NFT genuinely associated with an artist and their work when that was not at all the case. While the operators appear to have taken the main HitPiece site offline for now, this move was necessary to ensure a fair accounting for the harm HitPiece and its operators have already done and to ensure that this site or copycats don\u2019t simply resume their scams under another name.\u201d<\/strong><\/em><\/p>Ken Doroshow, RIAA Chief Legal Officer<\/cite><\/blockquote>\n","post_title":"NFT Platform HitPiece Receives Cease And Desist Letter From Recording Industry Association","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"nft-platform-hitpiece-receives-cease-and-desist-letter-from-recording-industry-association","to_ping":"","pinged":"","post_modified":"2023-04-11 12:55:43","post_modified_gmt":"2023-04-11 02:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3413","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3404,"post_author":"1","post_date":"2022-02-07 22:13:14","post_date_gmt":"2022-02-07 11:13:14","post_content":"\n

The Venezuelan government has approved a new bill \"Large Financial Transaction<\/a>\" that will affect payments using both cryptocurrencies and foreign currencies. <\/p>\n\n\n\n

The bill, filed on January 20th, states that transactions made with either cryptocurrencies or foreign currencies will be taxed from 2% up to 20% per movement((https:\/\/www.bancaynegocios.com\/impuesto-a-las-grandes-transacciones-incentivaria-el-comercio-informal-afirma-oscar-torrealba\/)), depending on who is moving the money and why they are doing so.<\/p>\n\n\n\n

The current percentage lies at a mere 2.5%, although this is still the first application of the bill. Once the law is published, the official tax will be stated by the national government.<\/p>\n\n\n\n

The reasoning behind the bill is to incentivize the use of the Venezuelan Bol\u00edvar, which has lost over 73% of its value in the last year.((https:\/\/www.aljazeera.com\/economy\/2021\/10\/1\/venezuela-introduces-new-currency-drops-six-zeros)) <\/p>\n\n\n\n

\"it is necessary to guarantee at least equal or more favorable treatment for payments and transactions made in national currency or in cryptocurrencies or cryptoactives issued by the Bolivarian Republic of Venezuela versus payments made in foreign currency.\" the bill<\/a> states<\/p>\n","post_title":"New Venezuelan Bill Collects 20% Tax On Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"new-venezuelan-bill-collects-20-tax-on-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-02-07 22:15:25","post_modified_gmt":"2022-02-07 11:15:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3404","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3398,"post_author":"1","post_date":"2022-02-06 23:17:56","post_date_gmt":"2022-02-06 12:17:56","post_content":"\n

A home in Gulfport, Florida will be auctioned off as an NFT. Real Estate Technology company, Propy<\/a>, will be minting the property through a digital auction<\/a>. The NFT will hold the rights to the house, in a digital form, while also serving as the LLC. This will protect the rights and ownership of the property. <\/p>\n\n\n\n

This will be the second property to be sold as an NFT by Propy, following the sale<\/a> of TechCrunch founder, Micheal Arrington's, Kyiv Apartment for 36 ETH.<\/p>\n\n\n\n

Why Sell A Property As An NFT?<\/h2>\n\n\n\n

The current owner of the property, Leslie Alessandra, stated she chose to list the home as an NFT to demonstrate the use of evolving technology. <\/p>\n\n\n\n

\u201cIs this just hype or is there a real world application? (The auction) is really to stimulate conversation,\u201d<\/em><\/strong><\/p>Leslie Alessandra on Tampa Bay Times<\/a><\/cite><\/blockquote>\n\n\n\n

Whats The Paperwork Like?<\/h2>\n\n\n\n

The legal landscape of asset ownership has had to evolve quickly in the past few years to accommodate the adoption of digital assets, and this is no exception. <\/p>\n\n\n\n

Any purchase of a property must be recorded in the county's recorders office, this is to facilitate the transfer of ownership rights. A legal entity must exist to transfer the property to, which is where NFTs are used in more public scenes, representing an LLC.<\/p>\n\n\n\n

<\/div>\n\n\n\n

--> The sale takes place on the 8th Of February, with over 2000 people signed up to witness the first sale of a house as an NFT in the U.S.<\/p>\n","post_title":"Florida Home Listed For Sale, As An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"florida-home-listed-for-sale-as-an-nft","to_ping":"","pinged":"","post_modified":"2022-02-16 21:44:00","post_modified_gmt":"2022-02-16 10:44:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3398","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3376,"post_author":"1","post_date":"2022-02-04 23:13:07","post_date_gmt":"2022-02-04 12:13:07","post_content":"\n

HBAR Foundation<\/a> announced today that games publisher, Ubisoft<\/a>, has become a part of their governing council for the public DLT (Distributed Ledger Technology). <\/p>\n\n\n\n

Ubisoft has been exploring different avenues regarding blockchain for quite a while, and in December, it launched its first NFTs within Ghost Recon: Breakpoint. Regardless of making a special effort to deter speculators, the gaming communities reaction to its Quartz<\/a> and Digits drive has been predominantly negative.<\/p>\n\n\n\n

\u201cAt Ubisoft, we believe that the distributed ledger technology holds a key to the future of gaming by opening new opportunities for players to become true stakeholders of our games,\u201d <\/em><\/strong><\/p>

\u201cThe Hedera network offers a promising take on this technology, notably through its scalability, energy efficiency and innovative consensus mechanism.\u201d <\/em><\/strong><\/p>Didier Genevois - Blockchain Technical Director at the Ubisoft<\/cite><\/blockquote>\n\n\n\n

There are two main blockchain avenues for gaming: NFTs and\u00a0play-to-earn<\/a>, where the gameplay is designed to reward game players financially with tokens. So far, they\u2019ve done NFTs. Ubisoft envisages a different approach for play-to-earn.<\/p>\n\n\n\n

\u201cIt truly needs to be built from scratch because it\u2019s a very different way to think about the game economy and the monetisation.\u201d<\/em><\/strong><\/p>Nicolas Pouard, Ubisoft<\/cite><\/blockquote>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Hedera Governing Council Overview<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=fdcDvqMexLk\n<\/div><\/figure>\n","post_title":"Ubisoft Joins The Governing Council Of Blockchain, Hedera Hashgraph","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ubisoft-joins-the-governing-council-of-blockchain-hedera-hashgraph","to_ping":"","pinged":"","post_modified":"2022-02-04 23:13:10","post_modified_gmt":"2022-02-04 12:13:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3376","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3365,"post_author":"1","post_date":"2022-02-03 22:56:13","post_date_gmt":"2022-02-03 11:56:13","post_content":"\n

Shiba Inu's anonymous developer, Shytoshi Kusama, wrote an article<\/a> on medium.com introducing the new Shiba Inu fast-food chain.<\/p>\n\n\n\n

The restaurant was launched in Naples, Italy for anyone to come and visit, solidifying Shiba Inu into real-life projects.<\/p>\n\n\n\n

$SHIB will be used as a means of payment at the store, along with FIAT. Rival $DOGE could be a possible payment option in the future.<\/p>\n\n\n\n

Kusama claims that the obscure restaurant is known for \u201cextremely high-quality food.\u201d The restaurant will have healthy food options:<\/p>\n\n\n\n

Welly\u2019s is a \u201cburger joint\u201d but we understand the importance of having vegetarian, vegan, and \u201chealthy\u201d fast food options. Upon the opening of our flagship store, we will introduce more options to cater to these needs.  <\/em><\/strong><\/p>Shytoshi Kusama on medium.com<\/cite><\/blockquote>\n\n\n\n

--> You can try out the SHIB x WELLY's burger chain at Sannazaro, 4, 80122 Napoli, IT.<\/p>\n","post_title":"SHIB x WELLY's: A Shiba Inu Fast-Food Chain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"shib-x-wellys-a-shiba-inu-fast-food-chain","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:02","post_modified_gmt":"2023-04-11 02:56:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3365","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3359,"post_author":"1","post_date":"2022-02-03 22:28:27","post_date_gmt":"2022-02-03 11:28:27","post_content":"\n

After the introduction of a 30% tax<\/a> on Cryptocurrencies and other digital assets was introduced in India, the government comes closer to legalization and regulation.<\/p>\n\n\n\n

People were quick to react to the news, sparking a petition<\/a> against the major tax increase, \"Government of India: Introduce Reasonable Crypto Tax Policies\". <\/p>\n\n\n\n

With an estimated 20 million investors affected by the change in India, the petition has become popular on Change.org with over 25,000 signatures at the moment, with a large amount of these investors actively involved in the development of various cryptocurrency projects.<\/p>\n\n\n\n

\"\"
Source: Change.org<\/em>
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","post_title":"Petition To Reduce 30% Tax On Crypto Gains In India Reaches 25,000 Signatures","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"petition-to-reduce-30-tax-on-crypto-gains-in-india-reaches-a-25000-signatures-milestone%ef%bf%bc","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indias-finance-secretary-still-believes-crypto-is-a-grey-area\/","post_modified":"2022-02-03 22:30:26","post_modified_gmt":"2022-02-03 11:30:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3359","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3355,"post_author":"1","post_date":"2022-02-02 22:30:45","post_date_gmt":"2022-02-02 11:30:45","post_content":"\n

T. V. Somanathan, Indias Finance Minister, insists on cryptocurrencies being a 'grey area' being neither illegal nor encouraged.<\/p>\n\n\n\n

\u201cCrypto-assets are currently neither illegal nor are they encouraged. So they\u2019re in a sort of a grey area.\u00a0<\/em><\/strong><\/p>T. V. Somanathan<\/cite><\/blockquote>\n\n\n\n

Clarifying in an interview with Bloomberg, Somanathan states Indians can still trade digital assets - but now with a heightened tax of 30% on gains.<\/p>\n\n\n\n

The recent tax increase is because crypto is seen as speculative transactions rather than financial market transactions due to the volatile nature of digital assets.<\/p>\n\n\n\n

The increase came because finance minister, Nirmala Sitharaman noted a 'phenomenal increase' in digital asset transactions - causing the need for a tax regime.<\/p>\n\n\n\n

Regulate, Rather Than Ban<\/h2>\n\n\n\n

After considerations imposing a total ban on Cryptocurrencies due to their threats to financial stability and macroeconomics, the country has turned to a less head-on approach.<\/p>\n\n\n\n

Somanathan plans that the country will examine international cryptocurrency regulation before rolling out its own framework. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Watch the full video:<\/strong>\u00a0Crypto Assets Not Illegal or Encouraged in India: Finance Secretary<\/em><\/p>\n\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=0gPP44s6bmc\n<\/div><\/figure>\n","post_title":"India's Finance Secretary Still Believes Crypto Is A 'Grey Area'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"indias-finance-secretary-still-believes-crypto-is-a-grey-area","to_ping":"","pinged":"","post_modified":"2022-02-02 22:30:49","post_modified_gmt":"2022-02-02 11:30:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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