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- 【Gate Daily Market Digest】📊
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- #Digital Asset Market Clarity Act#
US House Republicans have introduced the Digital Asset Market Clarity Act to clarify crypto regulations. The bill gives the CFTC exclusive authority over digital commodity spot markets, and crypto platforms can register with either the CFTC or SEC. Will this reshape crypto regulation? What’s your take?
#Trump Tariff Update#
A US appeals court has reinstated Trump-era tariffs during the appeal, and further tariff hikes (up to 15% for 150 days) are being considered. Could these tariffs return? How might this affect the crypto market?
#Nvidia Tops Global Marke
Lawmakers submit encryption payment regulation bill to the Guatemalan Congress
Gate News bot news, Guatemalan congresswoman Shirley Rivera recently submitted a draft cryptocurrency bill to Congress aimed at clarifying the rules that citizens and businesses must follow when using these tools.
The draft contains 15 clauses that regard Crypto Assets as a tool to enhance financial inclusion, and calls on nations to innovate and promote their application. One of the clauses suggests that even if a coin is not recognized as legal tender, it can still be used voluntarily in transactions.
The bill emphasizes: "Crypto Assets will not become legal tender, but can be used for legal transactions in both public and private sectors." It also acknowledges the payment use of Crypto Assets.
In addition, the document also stipulates that wallets and Crypto Assets exchanges will be subject to the jurisdiction of the Banking Regulatory Bureau (SIB) and must register with the agency to operate legally.
As long as crypto assets trading is used for payments for goods or services priced in encryption, or as a savings tool, there is no need to pay capital gains tax, but business transactions are subject to taxation.
Source: Bitcoin.com