Russia’s Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform. According to a Tuesday report from Russia state-owned news agency TASS, deputy finance minister Alexey Moiseev said the government was looking to create the settlement platform in an effort to avoid the use of U.S. dollars and euros. The finance…
Category: government
Australian Treasury consults public on Bitcoin foreign currency tax exclusion
Australia’s ministerial department of Treasury reached out to the public to seek consultation regarding draft legislation that would exclude cryptocurrencies from being taxed as a foreign currency if passed. In a press release, Assistant Treasurer Stephen Jones highlighted the Australian government’s intent to exclude crypto assets from being regarded as a foreign currency for tax purposes. However, the legislation would have…
Liz Truss, who said UK ‘should welcome cryptocurrencies’ will be the next prime minister
After a race to be the next leader of the Conservative Party, Secretary of State for foreign, commonwealth and development affairs Liz Truss has defeated former chancellor of the exchequer Rishi Sunak to become the next prime minister of the United Kingdom. Boris Johnson, who served as the U.K. prime minister since 2019, will be on his way out of…