2021 Crypto Regulations

Crypto industry advocates faced a significant setback on Aug 24 as the US House Rules Committee blocked attempts to reverse the controversial crypto tax provisions. The rules add to Biden's $1 trillion infrastructure plan despite facing pushback from some lobbyists. House Speaker Nancy Pelosi has now decided to take the bill to the floor for a vote by Sep 27. The committee doesn't want any compromising alterations to the stringent crypto tax rules. Crypto proponents oppose the passing of the…

Being on the wrong side of the law is never a good idea, not least when it could cause jeopardy to investments. Keeping tabs on what regulations demand is a wise step. Cryptocurrencies are a relatively new means of trading and therefore keep changing in scope and tech. So in making the regulations regarding them, many governments take quite a combative position against them.  Diving straight into the crypto trade without considering the underlying regulations is like walking on eggshells.…