Crypto News

U.S. Lawmakers Seek Common Definition for Blockchain

Advertisement A pair of U.S. representatives, Doris Matsui, a California Democrat, and Brett Guthrie, a Kentucky Republican, have introduced a law to create a working group to determine a definition of blockchain. The lawmakers, both of whom sit on the Energy and Commerce Subcommittees on Communications and Technology and Digital Commerce and Consumer Protection, believe […]

Altcoins

Lawmakers Ask IRS For Clarity on Crypto Tax Reports, Better Regulating Industry

Lawmakers from the United States House of Representatives have issued an open letter to the Internal Revenue Service (IRS), requesting additional clarity on tax laws surrounding crypto such as Bitcoin and Ethereum. The open letter was addressed to acting IRS commissioner, the honorable David Kautter on behalf of Congressmen David Schweikert (R-AZ), Brad Wenstrup (R-OH), […]

Crypto News

South Korea Lawmakers Discuss ICO, Cryptos During Extraordinary Session: Report

Advertisement South Korea has commenced an extraordinary session in the National Assembly to discuss regulation and measures to promote the cryptocurrency industry alongside ICO guidelines to eventually overturn the ongoing ban. According to a Business Korea report on Monday, the short session – extraordinary sessions cannot exceed 30 days – in South Korea’s National Assembly […]