Episode Details

06th Sep: Crypto & Coffee at 8 🎙️
🔴Australia Senate Committee Rejects Crypto Bill ⚡LSEG (London Stock Exchange Group) to Use Blockchain, 💰Tax in the Metaverse? ⚽Christiano Ronaldo NFT via Binance

🔴Australia’s Senate Economics Legislation Committee rejected “The Digital Assets (Market Regulation) Bill 2023” introduced by opposition senator Andrew Bragg, recommending instead that the government “continue to consult with industry on the development of fit-for-purpose digital assets regulation in Australia.” wants to prepare the country for the widespread use of China’s central bank digital currency, the digital yuan, according to a draft digital assets bill introduced on Monday. His bill is here https://lnkd.in/didPwxF4 More info via CoinDesk here https://lnkd.in/dA_qX2jM

🔵 He proposes strict reporting requirements for banks that could potentially make the digital yuan available for use in Australia.

❗ Do we require legislation & and regulation for crypto?

🟢 Gulf News article also states effective August 31, all cryptocurrency businesses in Dubai come ‘VARA-certified’ https://lnkd.in/dNffgQ7a Manoj Nair

🟠 Bitcoin was created as a movement towards the Separation of Money and the state. While regulations may sound good, it defeats the entire purpose of using cryptocurrencies.

🟥 Regulations and frameworks are needed for centralized services such as Exchanges to ensure investor and customer funds are protected. The least involvement in underlying protocol and technology would be the best form of support for the future of cryptocurrencies.

🎙️ Check out Blockchain DXB Crypto & coffee at 8 podcast on this

🔵 Finance Magnates is reporting that LSEG (London Stock Exchange Group) to Launch a Blockchain-Based Trading Platform
- The Head of the London Stock Exchange is to lead the new project.
- If LSEG receives regulatory approvals, the service will launch next year.
❗Conversation with Murray Roos, the Head of Capital Markets at the LSE Group here https://lnkd.in/dPS-CGXz

💡 Harvard Law School and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”
💡 The paper is here https://lnkd.in/d5-Y5CSw More info on this here https://lnkd.in/dZQCZaEU

- Transactions recorded 100% on Blockchain make it easier to tax in the Metaverse.
- Tax Auditing can be done in real-time
- Rather than using