Crypto and Bitcoin-the race of the great powers

Also in 2021, the global race stops on crypto-technologies. While China attracts these days the pace and to a partnership with the payment processor SWIFT sets, lagging the US legislators. Although there are also in the country of unlimited possibilities, many tentative signs of Opening. Pioneering initiatives in the calibre of China, however, still have to wait. With the recent advances in Beijing, the projection of the people’s Republic seems to cement more.

People’s Bank of China and SWIFT join forces

At first glance, the international payment service provider SWIFT, and the people’s Bank of China PBoC initially appear as extremely inappropriate Partner: SWIFT is the biggest competitor of Chinese financial providers, Beijing, in turn, wants to solve actually from the dependence of the Western financial world. Now Chinese sources of a joint report, however, while still a veil of cooperation. The scope and purpose of this Joint venture is the hour only speculate. Clearly, however, that the Chinese leadership is during the renovation of its financial infrastructure is always pragmatic. Little speaks of the fact that Beijing intersects with the foray into own meat. Speaks a lot, accordingly to ensure that the Initiative is for the E-Yuan, China’s own Central Bank currency.

The mayor of Miami wants to pay civil servants in Bitcoin

Meanwhile, on the other side of the Pacific last release, even if initially only spotlighted advances in terms of crypto-see adaptation. The mayor of the metropolis of Miami, for example, intends to take in future, for example: the state of Wyoming and the city officials allow to receive their Wages in Bitcoin. Fees and taxes may be entrichtetet in the future, also in the form of crypto-currencies. In addition, Francis Suarez plant, a part of the city Treasury in the crypto sector to invest. These ambitious projects, the mayor told the US magazine Forbes. For him there is no doubt that Bitcoin is the “biggest story of the next couple of years”.

Republican Senator wants to set up a Committee on financial innovation

It looks like the rest of the US, with a view on the crypto-adaptation, meanwhile, is still quite skinny, will, however, change the U.S. Senator Cynthia Lummis. In order to connect with their colleagues, wants to set up the representative of the Blockchain-pioneer Wyoming is now a ‘Financial Innovation Caucus’ – kind of a parliamentary Committee. This is to ensure the exchange and the potential of crypto-mediate technology. Corresponding plans announced in the past week in a Podcast. Premiere objective was mainly to counter the negative Image, the crypto-currencies in the United States continue to adhere.

Library of Congress certified the global tax authorities of catching up to do

While Cryptocurrencies continue to walk, lagging behind the public administrations and legislators away from the USA, the progress. This is the most recent shows Report the Library of Congress is the research library of the American Parliament. This attests to pent-up demand in the field of taxation. Not only that there are significant differences between the regulatory approaches of the various tax authorities. In addition, only 16 States guidelines for Mining revenues have adopted the hour worldwide, only five States for revenue from crypto-Staking.

Cards are shuffled New Swiss Blockchain-law comes into force

Switzerland blossoms meanwhile, continue to be one of the world’s Blockchain-a model student. Last week, a new, just last year in record time on the way brought law came in the Confederation now in force. This is intended to give domestic companies increased legal certainty and, therefore, the conditions for the crypto and Blockchain scene continue to improve. Industry representatives are naturally excited. Through the Alps praise for the initiative echoed last.

Roller coaster ride in India – the Cabinet rejects rumors of Bitcoin ban

The Situation is different, however, for crypto-companies in India. Of legal certainty, it can really be the speech. Speculation about a Bitcoin ban had led to a true roller-coaster ride. A Parliament Bulletin the Indian lower house had heating in the past few days, start with rumors of an impending ban on the face. The government missed a damper. Instead of a strict ban to wool set of illegal activities by strict regulation of the craft.