• The Supreme Court of Denmark has ruled that Bitcoin profits are now taxable. • This ruling applies to both investors and miners who make a profit from the sale of Bitcoin. • Denmark has one of the highest tax rates in the world, with an average effective rate of 45%. Denmark Ruling: Bitcoin Profits…
• The US Treasury recently conducted a study on the potential impact of introducing central bank digital currency (CBDC). • The results showed that CBDCs could destabilize the banking sector while potentially boosting household welfare. • Additionally, the research suggested that CBDCs could reduce financial system volatility as asset price volatility would decrease after integration.…
• Crypto mixers, such as Tornado Cash, enable anonymous transactions which can be misused by criminals. • Regulators have implemented Anti-Money Laundering (AML) laws and Know Your Customer (KYC) measures to combat money laundering. • Transparency International recently revealed that 8 crypto exchanges in Moscow are willing to assist with money laundering. Crypto Mixers Enable…
• Bitcoin mining has been transitioning towards green energy sources, with 52.6% of the network now using sustainable energy. • Specialized computing units are used to validate transactions on the blockchain, leading to high electricity consumption and emissions. • Total emissions have been trending down recently, despite miners‘ electricity consumption increasing, due to a recent…