S Korean Govt Might Ultimately Raise the Light Flag on Crypto Taxes
gov’t Korean

S Korean Govt Might Ultimately Raise the Light Flag on Crypto Taxes

Source: Adobe/phive2015Pressure is growing on the South Korean government to back down over a controversial crypto tax law that will see trading profits over an annual total of USD 2,100 taxed at 20%.Per the Segye Ilbo, the “dominant feeling” among analysts is that the ruling Democratic Party will try to force through a measure to…

El Salvador Govt to Mitigate Against Gas Price Crisis  Which consists of Bitcoin App
gov’t Salvador

El Salvador Govt to Mitigate Against Gas Price Crisis Which consists of Bitcoin App

Source: AdobeStock/kittisakThe government of El Salvador has launched a drive to help promote its Chivo bitcoin (BTC) wallet – allowing citizens and businesses who use the app to buy fuel at a discounted rate as global prices rise.President Nayib Bukele announced that the Chivo operators had negotiated a deal with two fuel distribution companies, meaning…

NY govt employee faces 15 years over illegal electronic currency mining
employee gov’t

NY govt employee faces 15 years over illegal electronic currency mining

Home » Business » New York gov’t employee faces 15 years over illegal digital currency mining A veteran government employee has been arrested on charges of illegally engaging in block reward mining using work equipment. The man allegedly cost the New York State government up to $6,000 over his activities and could be jailed for…

El Salvador Govt: Were Offering Bitcoin  but Dont Transfer it to Fiat
gov’t Salvador

El Salvador Govt: Were Offering Bitcoin but Dont Transfer it to Fiat

Source: Twitter/@BitcoinbeachEl Salvador government officials said that the bitcoin (BTC) they plan to give away in forthcoming airdrops is for spending, not for converting into USD via crypto ATMs. Per ElSlavador.com, the website of the El Diario de Hoy newspaper, the government, spurred on by the bullishly pro-crypto President Nayib Bukele, is forging ahead with…

China govt company announces roadmap for blockchain advancement
China gov’t

China govt company announces roadmap for blockchain advancement

A Chinese government agency has unveiled guidelines designed to accelerate the adoption and use of blockchain technologies in China. In the latest move from Chinese authorities towards embracing blockchain, the Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology set out plans encompassing four separate areas for adoption. The…