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\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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
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"}],"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

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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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This information could be stored in your will and would be passed onto a beneficiary in the event of death. It is vital to keep this updated with the tiniest changes. If the right information isn't provided, due to the decentralized nature of cryptocurrencies, then there is not much anyone can really do.<\/p>\n\n\n\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

If you have not got your coins on an exchange, rather in a cold wallet then you can still pass them on to family members. This can be done by storing vital information such as keys, PIN codes etc in a very safe place such as a bank vault. Directions on accessing the wallet along with where to find it must be provided as keys without a wallet are just random numbers and letters.<\/p>\n\n\n\n

This information could be stored in your will and would be passed onto a beneficiary in the event of death. It is vital to keep this updated with the tiniest changes. If the right information isn't provided, due to the decentralized nature of cryptocurrencies, then there is not much anyone can really do.<\/p>\n\n\n\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

If you have cryptocurrency stored on an exchange, which isn't recommended for the long term, then most exchanges will allow for the recovery of a deceased family member's account - provided the right certifications of course.<\/p>\n\n\n\n

If you have not got your coins on an exchange, rather in a cold wallet then you can still pass them on to family members. This can be done by storing vital information such as keys, PIN codes etc in a very safe place such as a bank vault. Directions on accessing the wallet along with where to find it must be provided as keys without a wallet are just random numbers and letters.<\/p>\n\n\n\n

This information could be stored in your will and would be passed onto a beneficiary in the event of death. It is vital to keep this updated with the tiniest changes. If the right information isn't provided, due to the decentralized nature of cryptocurrencies, then there is not much anyone can really do.<\/p>\n\n\n\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Whoever holds the keys to your wallet can access the coins inside of it. This could be a single person, an exchange or a split between both.<\/p>\n\n\n\n

If you have cryptocurrency stored on an exchange, which isn't recommended for the long term, then most exchanges will allow for the recovery of a deceased family member's account - provided the right certifications of course.<\/p>\n\n\n\n

If you have not got your coins on an exchange, rather in a cold wallet then you can still pass them on to family members. This can be done by storing vital information such as keys, PIN codes etc in a very safe place such as a bank vault. Directions on accessing the wallet along with where to find it must be provided as keys without a wallet are just random numbers and letters.<\/p>\n\n\n\n

This information could be stored in your will and would be passed onto a beneficiary in the event of death. It is vital to keep this updated with the tiniest changes. If the right information isn't provided, due to the decentralized nature of cryptocurrencies, then there is not much anyone can really do.<\/p>\n\n\n\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Firstly, a majority of crypto wallets and accounts aren't like traditional investment accounts, with a large portion of them being self-custodial and encrypted to the point where the host of the wallet cannot access your coins even if they wanted to.<\/p>\n\n\n\n

Whoever holds the keys to your wallet can access the coins inside of it. This could be a single person, an exchange or a split between both.<\/p>\n\n\n\n

If you have cryptocurrency stored on an exchange, which isn't recommended for the long term, then most exchanges will allow for the recovery of a deceased family member's account - provided the right certifications of course.<\/p>\n\n\n\n

If you have not got your coins on an exchange, rather in a cold wallet then you can still pass them on to family members. This can be done by storing vital information such as keys, PIN codes etc in a very safe place such as a bank vault. Directions on accessing the wallet along with where to find it must be provided as keys without a wallet are just random numbers and letters.<\/p>\n\n\n\n

This information could be stored in your will and would be passed onto a beneficiary in the event of death. It is vital to keep this updated with the tiniest changes. If the right information isn't provided, due to the decentralized nature of cryptocurrencies, then there is not much anyone can really do.<\/p>\n\n\n\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Passing on your cryptocurrency in the event of death is possible, albeit more complicated than physical assets.<\/p>\n\n\n\n

Firstly, a majority of crypto wallets and accounts aren't like traditional investment accounts, with a large portion of them being self-custodial and encrypted to the point where the host of the wallet cannot access your coins even if they wanted to.<\/p>\n\n\n\n

Whoever holds the keys to your wallet can access the coins inside of it. This could be a single person, an exchange or a split between both.<\/p>\n\n\n\n

If you have cryptocurrency stored on an exchange, which isn't recommended for the long term, then most exchanges will allow for the recovery of a deceased family member's account - provided the right certifications of course.<\/p>\n\n\n\n

If you have not got your coins on an exchange, rather in a cold wallet then you can still pass them on to family members. This can be done by storing vital information such as keys, PIN codes etc in a very safe place such as a bank vault. Directions on accessing the wallet along with where to find it must be provided as keys without a wallet are just random numbers and letters.<\/p>\n\n\n\n

This information could be stored in your will and would be passed onto a beneficiary in the event of death. It is vital to keep this updated with the tiniest changes. If the right information isn't provided, due to the decentralized nature of cryptocurrencies, then there is not much anyone can really do.<\/p>\n\n\n\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Can You Inherit Cryptocurrency?<\/h2>\n\n\n\n

Passing on your cryptocurrency in the event of death is possible, albeit more complicated than physical assets.<\/p>\n\n\n\n

Firstly, a majority of crypto wallets and accounts aren't like traditional investment accounts, with a large portion of them being self-custodial and encrypted to the point where the host of the wallet cannot access your coins even if they wanted to.<\/p>\n\n\n\n

Whoever holds the keys to your wallet can access the coins inside of it. This could be a single person, an exchange or a split between both.<\/p>\n\n\n\n

If you have cryptocurrency stored on an exchange, which isn't recommended for the long term, then most exchanges will allow for the recovery of a deceased family member's account - provided the right certifications of course.<\/p>\n\n\n\n

If you have not got your coins on an exchange, rather in a cold wallet then you can still pass them on to family members. This can be done by storing vital information such as keys, PIN codes etc in a very safe place such as a bank vault. Directions on accessing the wallet along with where to find it must be provided as keys without a wallet are just random numbers and letters.<\/p>\n\n\n\n

This information could be stored in your will and would be passed onto a beneficiary in the event of death. It is vital to keep this updated with the tiniest changes. If the right information isn't provided, due to the decentralized nature of cryptocurrencies, then there is not much anyone can really do.<\/p>\n\n\n\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

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ADVERTISEMENT
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See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6143,"post_author":"1","post_date":"2022-07-12 20:57:35","post_date_gmt":"2022-07-12 10:57:35","post_content":"\n

Can You Inherit Cryptocurrency?<\/h2>\n\n\n\n

Passing on your cryptocurrency in the event of death is possible, albeit more complicated than physical assets.<\/p>\n\n\n\n

Firstly, a majority of crypto wallets and accounts aren't like traditional investment accounts, with a large portion of them being self-custodial and encrypted to the point where the host of the wallet cannot access your coins even if they wanted to.<\/p>\n\n\n\n

Whoever holds the keys to your wallet can access the coins inside of it. This could be a single person, an exchange or a split between both.<\/p>\n\n\n\n

If you have cryptocurrency stored on an exchange, which isn't recommended for the long term, then most exchanges will allow for the recovery of a deceased family member's account - provided the right certifications of course.<\/p>\n\n\n\n

If you have not got your coins on an exchange, rather in a cold wallet then you can still pass them on to family members. This can be done by storing vital information such as keys, PIN codes etc in a very safe place such as a bank vault. Directions on accessing the wallet along with where to find it must be provided as keys without a wallet are just random numbers and letters.<\/p>\n\n\n\n

This information could be stored in your will and would be passed onto a beneficiary in the event of death. It is vital to keep this updated with the tiniest changes. If the right information isn't provided, due to the decentralized nature of cryptocurrencies, then there is not much anyone can really do.<\/p>\n\n\n\n

Is Inherited Cryptocurrency Taxable?<\/h2>\n\n\n\n

Inherited cryptocurrencies are not taxable at the time of their inheritance, although if you were to sell them on, then you would be taxed. This is all dependent on state and country laws on inheritance tax.<\/p>\n\n\n\n

The typical inheritance tax for cryptocurrencies is treated as property. ((US News Money - How Bitcoin Is Taxed<\/a>)) At the time of death, the inheritance is valued and it would be subject to capital gains tax on gains made after the time of death. Although any inheritance larger than $11.7M is subject to a 40% estate tax.<\/p>\n","post_title":"Inheriting Cryptocurrency","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"inheriting-cryptocurrency","to_ping":"","pinged":"","post_modified":"2022-07-12 21:19:48","post_modified_gmt":"2022-07-12 11:19:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6143","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\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":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"}],"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

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
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