Brazil’s Congress moves to levy higher taxes on cryptocurrencies

If approved, the legislation would make crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets.

#LucidHoang #Ufin #Brazilians #legislation

The U.S. House Financial Services Committee will vote on legislation aimed at creating a clearer pathway for digital assets to move from a security to a commodity, as well as a comprehensive framework for stablecoins, in July.

Source: TheBlock

#crypto2023 #legislation

#Binance #stablecoin

South Korean Allegations Sink SUI Token Price? 🇰🇷

The price of #sui token #dropped over 9% as South Korean regulators accused the Sui Foundation of supply manipulation.

SUI token saw a modest 1% recovery in the last 24 hours, falling from $0.41 to $0.37 within two days. The Sui Foundation strongly refuted these claims, emphasizing they had not sold SUI tokens since the initial distribution.

South Korean lawmakers, spurred by previous crypto issues, plan to regulate the industry further with new #legislation . SUI token's future remains uncertain amid these allegations and regulatory actions.

#Binance
#crypto2023

The link between non-fungible tokens and #copyright law is unclear as a result of the expanding market for them. Most of this has to do with the restrictions of the current copyright #legislation and existing licences, but some of it is also due to inexperience and misunderstandings among those who are minting NFTs.

The development of a unique licence for #NFTs is one potential remedy. For the time being, the ambiguity will probably subject producers and merchants to costly legal actions.

▪️Portugal Crypto-Friendly Legislation: In 2021, Portugal introduced a legal framework specifically addressing digital assets and initial coin offerings (ICOs). This framework provides more clarity and regulatory certainty for businesses and individuals operating in the cryptocurrency space.#portugal #crypto2023 #crypto #legislation