Category: bills

Piixpay Lets You Pay Bills and Invoices With Cryptocurrency

Piixpay Lets You Pay Bills and Invoices With CryptocurrencyIf you need to regularly cover fiat payments but prefer to use your digital assets, a platform like Piixpay can be very helpful. The payment provider allows you to use cryptocurrencies to pay invoices, bills and make other recurring payments to recipients that still accept only traditional money. Also read: Bounty.Cash Pairs Projects With Developers […]

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Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation

Venezuela Issues 50,000 Bolivar Bill Amid Persistent HyperinflationVenezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government […]

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Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This Year

Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This YearRussia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin […]

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Platform for Crypto Payments to Bank Accounts Launching in the UK

Platform for Crypto Payments to Bank Accounts Launching in the UKA company based in London has announced it’s launching a payment service that can help increase the mainstream adoption of cryptocurrencies. It allows users to send or spend digital coins which are converted and then transferred in the form of fiat money to the recipient’s bank account. Also read: ‘Bitcoin to the Moon’ Signs Appear […]

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State Treasurer: Ohio Companies Now Paying Tax in BTC

Ohio Companies Now Paying Tax in BTC, Says State TreasurerTreasurer in the U.S. state of Ohio Robert Sprague has revealed that at least two companies have paid their taxes using bitcoin since the state launched its cryptocurrency payment platform in December. Sprague did not disclose details pertaining to the amount or companies involved, citing confidentiality. Also read: Liechtenstein Bank Creates Cryptocurrency Trading Platform for […]

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Startup Launches Loaded Bitcoin Cash Notes to Spread BCH Adoption

Startup Launches Loaded Bitcoin Cash Notes to Help Spread BCH AdoptionBitcoin Cash proponents can purchase collectible and loaded BCH notes from a company called Global Notes based in Melbourne, Australia. The creator of Bitcoincashnotes.com is a firm believer in Satoshi Nakamoto’s vision for a peer-to-peer electronic cash system and thinks the low fees tethered to the BCH chain are “vital for the economic feasibility” of […]

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South Korea Ends Year With 6 Bills to Regulate Crypto Industry

South Korea Ends Year With 6 Bills to Regulate Cryptocurrency IndustrySouth Korea’s top financial regulator has exclusively shared with news.Bitcoin.com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for […]

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Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic

Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as UnrealisticPayoneer chief executive officer Scott Galit has dismissed the idea of a single global currency like bitcoin as unrealistic. Galit argued that he doesn’t believe countries like the U.S. will ever allow citizens to pay taxes in bitcoin because of too much volatility in the price of the cryptocurrency. Also read: Former Mt. Gox CEO Says […]

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British Lawmaker Proposes Tax and Utility Bill Payments in Bitcoin

U.K. lawmaker Eddie Hughes has proposed that taxpayers should have the option to pay council tax and utility bills in cryptocurrencies such as BTC. The 50 year-old conservative legislator for the Walsall North constituency said the move would place the country at the forefront of digital currency adoption in Europe. Also read: Gibraltar Exchange Obtains Insurance […]

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Ivy and Hiveex Launch Ivypay to Facilitate Consumer Bill Payments in Australia

Ivy and Hiveex Launch Ivypay to Facilitate Consumer Bill Payments in AustraliaIvypay, a cryptocurrency-based payments platform, was launched in Australia on Nov. 19. The service — built by blockchain company Ivy in partnership with Hiveex, a cryptocurrency broker — allows Australians to use digital currencies to pay bills and transfer money directly into their bank accounts. Also Read: Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common […]

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Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills

Miner Abandons Swedish County, Leaves $1.5 Million in Unpaid Electricity BillsTwo mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U.S. miner NGDC, appears to have suddenly fled from the area, leaving $1.55 million in unpaid electricity bills in its wake. Also Read: Seba Crypto Eyes Swiss Bank License, Independent Reserve Integrates Tax […]

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Professional Course Prepares Russian Lawyers for the Cryptocurrency Industry

Professional Course Prepares Russian Lawyers for the Cryptocurrency IndustryRussian companies have organized an enhancement course to prepare legal experts for the challenges of working in the cryptocurrency space. The oldest university of economics in the country, two law firms providing services to digital businesses, and both houses of parliament are behind the project to help lawyers understand the specifics of the industry.   […]

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Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Russia’s Financial Watchdog to Oversee the Cryptocurrency IndustryRussia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Rosfinmonitoring […]

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Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years

Ukraine Plans to Fully Legalize Cryptocurrencies Within Three YearsThe government in Kiev intends to legalize cryptocurrencies and comprehensively regulate the fintech sector as part of a new public policy developed by the economy ministry. The process may take up to three years to complete but eventually the industry built around digital assets should become a legitimate part of the country’s economy. Also read: […]

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Bill Proposes Tax Holiday for Cryptocurrency Businesses in Ukraine

Bill Proposes Tax Holiday for Cryptocurrency Businesses in UkraineA draft bill introducing tax breaks for entrepreneurs and companies dealing with cryptocurrencies has been filed in Ukraine’s parliament, the Verkhovna Rada. The authors of the bill have called for tax exemptions for entities working in the sector until the end of 2029. Also read: Russian Lawmakers Drop ‘Mining’ References in Digital Assets Bill New […]

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The Daily: New Crypto Bills on Capitol Hill, Russian Banks Face Demand for Cryptocurrencies

The Daily: New Crypto Bills on Capitol Hill, Russian Banks Face Demand for CryptocurrenciesFrom Washington to Moscow, cryptocurrencies have entered the agenda of those who share a vocation to rule and regulate. Following the congressional summer vacation, the House of Representatives passed a bill that will enable the Treasury to investigate crypto transactions, while a Congressman plans to introduce three drafts supporting the crypto industry. Also in The […]

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Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading

Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop TradingRussia is preparing for the long-awaited legislation tailored to regulate its crypto space. According to the latest reports from Moscow, the term “cryptocurrency” has been taken out of the legal texts. Nevertheless, Russians have no reasons to doubt the existence of the decentralized electronic cash. They have many options to get involved in cryptocurrency, regardless […]

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Alternative Crypto Bills Presented in Ukraine and Russia

Alternative Crypto Bills Presented in Ukraine and RussiaDraft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of […]

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Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes

Ukrainians Advised to Pay 19.5% Tax on Crypto IncomesIn the absence of dedicated regulation, Ukrainians are expected to pay the regular 19.5% income tax rate on their profits from crypto-related activities like trading and mining, a high-ranking official from the Finance Ministry in Kiev explained. Crypto investors are free to report their digital funds as either property or financial assets. Also read: Uzbekistan […]

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Regulations Roundup: This Fall May Bring More Crypto-Friendly Jurisdictions

Regulations Roundup: This Fall May Bring More Crypto-Friendly JurisdictionsAugust is not the best period for important decisions but it seems a good time to sketch plans for the second active half of the year. Authorities in several countries have shared their intentions regarding the regulation and oversight of the crypto space. The club of crypto-friendly jurisdictions may accept new members this fall. Others […]

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Blockchain Data Now Has Legal Bearing in the State of Ohio

Blockchain Data Now Has Legal Bearing in the State of OhioGovernor John Kasich from the Midwestern state of Ohio signed a bill this week that formally recognizes data recorded on a blockchain and electronic signatures as having legal bearing in a court of law. The state joins Vermont and Arizona, two states that have already passed laws that recognize blockchain-based transactions. Also read: Philippines Building Crypto […]

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This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Patent, and Laws

This Week in Bitcoin: Expanding Exchanges, New Crypto Fund, Vault and Patent AnnouncedIn this week’s editions of Bitcoin in Brief we’ve covered a number of interesting developments in the crypto space. Several prominent exchanges have announced plans to increase their presence in new markets and locations, while a newly launched platform aims to rate them according to their liquidity, security, and volume. The weekly roundup also mentions […]

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The Daily: Swiss Crypto Vault, Huobi Opens in London, Malta Approves Crypto Bills

The Daily: Swiss Crypto Vault, Huobi Opens in London, Malta Approves Crypto BillsIn Saturday’s Bitcoin in Brief, we cover some of the new expansion plans of leading cryptocurrency trading platforms. Singapore-based Huobi has confirmed its intentions to open an office in London, and US exchange Coinbase is about to do the same in Portland, Oregon. Also, a new crypto vault in Switzerland offers safe storage for cryptocurrencies, […]

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