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Oklahoma signs bill protecting cryptocurrency spending, mining and self-custody
Oklahoma has signed a bill into law to protect crypto-related rights. The bill, called HB 3594, was approved by Governor Kevin Stitt on May 13 and will take effect on November 1.
Under the new law, the Oklahoma government cannot prohibit, restrict or impair the use of cryptocurrencies in purchases or the self-custody of cryptocurrencies. This means that residents and businesses can freely use cryptocurrencies for transactions in Oklahoma without worrying about government interference or restrictions.
Additionally, the new law states that state and local governments cannot impose additional taxes or other fees specifically for cryptocurrencies. This is to ensure that the use of cryptocurrencies is not hindered by additional tax burdens. However, this does not mean that cryptocurrencies can be completely tax-free, but should be taxed in accordance with the provisions of legal currency taxes.
Under the new law, the Oklahoma government cannot prohibit, restrict or impair the use of cryptocurrencies in purchases or the self-custody of cryptocurrencies. This means that residents and businesses can freely use cryptocurrencies for transactions in Oklahoma without worrying about government interference or restrictions.
Additionally, the new law states that state and local governments cannot impose additional taxes or other fees specifically for cryptocurrencies. This is to ensure that the use of cryptocurrencies is not hindered by additional tax burdens. However, this does not mean that cryptocurrencies can be completely tax-free, but should be taxed in accordance with the provisions of legal currency taxes.
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Brian Armstrong: Fiat and crypto will coexist for “a long time”
This article briefly:
• Coinbase CEO Brian Armstrong sees Bitcoin as a key player in ensuring the long-term success of Western civilization.
• Additionally, Armstrong highlighted the rise of cryptocurrencies as a strategic means to combat inflation.
• Contrary to concerns, Armstrong sees this shift not as a threat but as a natural check and complement to the dollar.
In a recent statement, Coinbase CEO Brian Armstrong explored the idea that Bitcoin could be the key to continuing the success of Western civilization.
• Coinbase CEO Brian Armstrong sees Bitcoin as a key player in ensuring the long-term success of Western civilization.
• Additionally, Armstrong highlighted the rise of cryptocurrencies as a strategic means to combat inflation.
• Contrary to concerns, Armstrong sees this shift not as a threat but as a natural check and complement to the dollar.
In a recent statement, Coinbase CEO Brian Armstrong explored the idea that Bitcoin could be the key to continuing the success of Western civilization.
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Former professional kickboxer Andrew Tate announces purchase of $100 million in Bitcoin
Former professional kickboxer Andrew Tate announced on social media that he would completely abandon fiat currency and invest more than $100 million in Bitcoin. This news attracted widespread attention and heated discussion.
Andrew Tate is a high-profile Internet celebrity who has attracted much attention for his unique views and outspoken style. As a former professional kickboxer, he also enjoys a certain reputation in the sports world. However, his decision has undoubtedly put him at the center of controversy.
It is understood that Tate said that he would invest more than $100 million in Bitcoin. This move has aroused people's renewed attention to Bitcoin. As a cryptocurrency, Bitcoin has attracted widespread attention and discussion around the world in recent years. Although the price of Bitcoin fluctuates greatly, it still attracts a large number of investors and speculators.
Andrew Tate is a high-profile Internet celebrity who has attracted much attention for his unique views and outspoken style. As a former professional kickboxer, he also enjoys a certain reputation in the sports world. However, his decision has undoubtedly put him at the center of controversy.
It is understood that Tate said that he would invest more than $100 million in Bitcoin. This move has aroused people's renewed attention to Bitcoin. As a cryptocurrency, Bitcoin has attracted widespread attention and discussion around the world in recent years. Although the price of Bitcoin fluctuates greatly, it still attracts a large number of investors and speculators.