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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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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