In the latest Africa crypto news, the Kenya new virtual assets bill is before Parliament as the country seeks to regulate crypto. Meanwhile, Nigeria postponed the Binance tax lawsuit until the end of April. The government wants the exchange to pay $2 billion in tax it claims was not paid. Meanwhile, the Bitcoin Africa Conference … Read more
What Was the IRS DeFi Broker Rule? This rule required decentralized finance (DeFi) platforms to report their users’ transactions to the IRS. It also attempted to redefine who constitutes a “broker” in DeFi, which included a number of software developers and participants in protocols. The rule caused concern regarding privacy, innovation, and regulatory burden. Many … Read more
Utah has advanced its Bitcoin reserve bill to the next stage of legislation, with a second and third reading in the Senate pending before a final vote. As per the latest update, Utah’s Senate Revenue and Taxation Committee has passed the Blockchain and Digital Innovation Amendments bill (House Bill 230), bringing the state closer to … Read more