Latest cryptocurrency news from around the world!
✅ Ukraine plans to implement crypto taxes and enact MiCa regulations in September
The work on the draft law regarding crypto taxes is nearing completion at the National Securities and Stock Market Commission (NSSMC) in Ukraine. The agency has made amendments to the Virtual Assets Law. The next step involves the implementation of new rules and amendments to the Tax Code of Ukraine. According to Forbes, the deputies plan to carry out this step during the September session. If all goes according to plan, Ukraine will become the first country in Europe to implement the MiCa draft law.The amendments include:1. The regulators of the crypto market will be the National Bank of Ukraine (NBU) and the National Securities and Stock Market Commission (NSSMC).2. All cryptocurrencies will be divided into three categories: electronic money tokens, asset-referenced tokens, and other virtual assets.3. Only legal entities registered with the NSSMC will be allowed to issue virtual assets.4. Profits from crypto assets will be subject to an 18% tax and a 1.5% military levy. The tax applies only to the actual profit.
✅ The US Department of the Treasury continues to consider the implementation of a digital dollar (CBDC)
They are studying how to make retail payments with such a currency as anonymous as possible. Assistant Secretary of State Graham Steele stated this at the Transform Payments USA 2023 conference."It is important to determine the extent to which we can maintain confidentiality and anonymity in such payments. For this purpose, the Treasury Department is studying all available technologies and methods, including Privacy Enhancing Technologies (PETs)," said Assistant Secretary of State Graham Steele.Privacy Enhancing Technologies are solutions that minimize the use of personal data. They include various tools.
✅ The Bank of Thailand has launched a pilot project for retail CBDC testing
The Bank of Thailand has initiated a pilot project to introduce retail central bank digital currency (CBDC) involving the participation of three financial service providers. The goal of this project is to involve over 10,000 consumers in the use of this digital currency. The project involves Bank of Ayudhya, Siam Commercial Bank, and 2C2P Thailand.Top-ups of the CBDC account are available through mobile applications provided by the service providers. Users can deposit funds in the country's currency and easily exchange them for digital currency at a 1:1 ratio. A final decision on the implementation of CBDC has not yet been made.
✅ McKinsey: AI to automate 50% of work tasks within 22 years
McKinsey, the international consulting firm and a global leader in its field has released a report on the prospects of artificial intelligence (AI).According to their research, the implementation of AI can contribute between $2.6 trillion and $4.4 trillion annually to the global economy. This is equivalent to adding a new country with the size and productivity of the United Kingdom, which had a GDP of $3.1 trillion in 2021.To prepare this study, McKinsey's experts analyzed 850 professions and 2,100 different types of activities across 47 countries, covering over 80% of the global workforce.Moreover, McKinsey sees the potential of modern AI and other technologies in automating work processes that currently occupy 60% to 70% of employees' working hours. Neural networks can fully take over half of such tasks.
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