austin998099

@austin998099

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State legislators have already passed 30 pro-crypto and blockchain bills, including a legal framework for decentralized autonomous organizations (DAOs), and Governor Mark Gordon is the chair of the Stable Token Commission.

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Apollo revealed that the stable token will likely hit testnet in the next six weeks and launch next quarter.

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“I think that’s a great starting point. But I do think having a real-time, traceable ecosystem is exponentially better,” he said.

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Apollo said the existing WyOpen digital platform highlighted the state’s willingness to embrace financial transparency:

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“Wyoming took its first bold step toward a strategic Bitcoin reserve,” Wyoming Senator Cynthia Lummis wrote in a Jan. 17 X post, following the introduction of the bill titled “State Funds-investment in Bitcoin,” which, if passed, allows a portion of Wyoming state funds to be invested in Bitcoin.

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Wyoming, in the United States, has introduced a bill to create a Strategic Bitcoin Reserve, joining several other states nationwide ahead of Donald Trump’s presidential inauguration on Jan. 20.

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Kwon was apprehended in Montenegro in 2023 after authorities arrested him for using falsified travel documents. He was sentenced to four months in prison but remained in custody for much longer as courts tussled over his extradition destination.

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The YouTuber argued that the launch of the memecoin was not a rug pull and that her team pre-sold millions of tokens to “strategic advisers,” who offloaded the memecoin early.

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Popular YouTuber “Coffeezilla” took to social media to dispel rumors about the HAWK launch.

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Six councilors supported the motion, two were in opposition, and three were absent from the vote altogether.

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Mayor Ken Sim introduced the motion to become a “Bitcoin-friendly city” before the Dec. 11 meeting, suggesting it could be a way to safeguard against inflation and currency devaluation.

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With penalties and interest, WazirX has paid 20% more than the GST amount it was accused of not paying, or 49.18 crore rupees ($5.8 million).

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The statement mentioned 17 crypto companies found to be involved in GST evasion, including WazirX with 40.5 crore rupees ($4.8 million) in unpaid GST taxes, CoinDCX with 16.84 crore rupees ($1.9 million) and CoinSwitch Kuber with 14.13 crore rupees ($1.7 million).

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The Indian government has already recovered 122.3 crore rupees ($14 million) in taxes, penalties and interest as part of the ongoing crackdown, Chaudhary reported in a response to a parliamentary question on Dec. 2.

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The report comes a few months after Indian law enforcement agencies demanded 722 crore Indian rupees ($85 million) in unpaid taxes from Binance in August.

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Authorities have reportedly initiated multiple related investigations into crypto exchanges, including WazirX, CoinDCX and CoinSwitch Kuber.

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India’s Minister of State for Finance, Pankaj Chaudhary, said the government has found 824 crore Indian rupees ($97 million) in GST in unpaid taxes by several crypto exchanges, The Economic Times reported on Dec. 3.

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The Indian government has detected a significant amount of unpaid goods and service taxes (GST) by major cryptocurrency exchanges, including Binance and WazirX.

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At launch, Topper’s off-ramp will have a 1.75% transaction fee, he said, adding that the tool will offer a no-fee promo for off-ramp transactions until Dec. 22. The daily limit on withdrawal transactions is $24,000, O’Connell said.

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“To ensure we remain in compliance with applicable reporting requirements in the jurisdictions in which we operate, we may collect and verify a user’s personal information, including their legal name, address, government identification, date of birth and additional applicable details as needed,” O’Connell told Cointelegraph.

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