Ohio Senator Proposes Bill For Paying Taxes With Crypto
Japan Eyes Crypto Rule Changes For Taxes And ETFs, Robinhood Launches Crypto Transfers in Europe
Ohio is again considering to accept crypto for tax payments following Senator Niraj Antani's introduction of a new bill to legalize digital asset use for state and local taxes and fees.
In November 2018, Ohio became the first state to allow crypto for tax payments, but this stopped in 2019 when Attorney General ruled that the State Board of Deposits must approve this.
CBDCs are excluded, and there's another bill protecting the crypto mining industry.
Market Update
News
Japan Eyes Crypto ETFs and Tax Cuts in Regulatory Overhaul
One of the most exciting possibilities from this regulatory review is the introduction of cryptocurrency ETFs. Another significant change under consideration is the reduction of taxes on cryptocurrency gains. Currently, crypto gains in Japan can be taxed as high as 55%. | Read More
Robinhood Launches Crypto Transfers in Europe
Robinhood, a popular US trading app, has introduced a new feature for its European customers: crypto transfers. This allows users to deposit and withdraw cryptocurrencies such as Bitcoin and Ethereum using external platforms. | Read More
World Mobile Launches Blockchain on Base
World Mobile's integration with Base involves connecting its Layer 3 blockchain with Base's Ethereum-based Layer 2. In simple terms, this means they are using advanced blockchain technology to create a more efficient and scalable network. | Read More
$120 Million Lost to Crypto Hacks in September
Among the most impacted were centralized exchanges such as BingX and Indodax. BingX experienced the largest single loss, with over $40 million stolen, while Indodax reported losses exceeding $21 million. DeFi protocols were not spared, with Penpie losing $27 million due to exploits. | Read More