News Trump's Budget Proposes $2.4 Billion Funding for Secret Service to Police Crypto

President Trump's $4.8 trillion budget proposal has an interesting take on the crypto sector. According to the proposal, the US Secret Service would be given up to $2.4 billion to police activities in the crypto sector. The goal is to have the Secret Service police illegal criminal activity involving crypto and attempt to end it. What It States ...

News The German Financial Regulator Issues Guidelines for Foreign Crypto Custodians

BaFin, the Financial Supervisory Authority of Germany, recently issued guidelines that clarify how foreign crypto custodians will operate in the country. The authority issued the guidelines this January. According to the updated guidelines, those custody services operating in Germany's crypto sector would not be fined if they did not have a lice...

Bitvalex Academy The Best European Crypto Tax Guide

Cryptocurrencies are designed around the idea of no central bodies being in a total, centralized control and many of us would prefer that no amount of our crypto profits goes to the taxman. However, having clear taxation rules might be beneficial for the industry, legitimizing digital coins as a viable alternative to traditional money, essential...

News FCA Revises Fees Structure for Crypto Businesses Operating in the UK

The UK Financial Conduct Authority (FCA) recently made sweeping changes to the proposed fee structure for businesses operating in the crypto sector. In the new rules, the fees have been raised for some. From now, the FCA will use a two-tier system with fees being charged based on the income generated by a crypto firm. Initially, the FCA had opte...

News Citizens Can Now Pay Their Taxes in Bitcoin in the Swiss Resort City of Zermatt

Zermatt, a municipality in the German-speaking section of the canton of Valais, Switzerland, will now allow citizens to pay their taxes in Bitcoin. According to the city's mayor, Romy Biner-Hauser, this is in line with the city's pioneering and innovative spirit. The announcement was made via a press release by Bitcoin Suisse, which is working w...