Poland refuses of “Irrational” Crypto Tax

The officials of Poland have understood how inapplicable their decision to tax all crypto transactions really is “accepts the irrational effect” of the tax
21 May 2018   1577

The Polish Finance Ministry is going to publish a new regulation to “temporarily abandon” the tax on transactions with digital currency. It also intends to provide “in-depth analysis” and develop “system solutions” to regulate this particular economic space. This step arrives after an interpretation of the tax code in April caused angry reactions from the country’s crypto community, an online petition, and even protests in Warsaw.

The Ministry of Finance has accepted the irrational effect of the PCC tax on cryptocurrencies. So far, the Ministry hasn’t done anything about the PCC, except for recognizing cryptocurrencies as property rights, which automatically means obligation to pay the civil law transactions tax. 
Paweł Gruza
Deputy Finance Minister, Poland

Gruza meant a controversial decision to tax crypto earnings and profits, that was declared less than a month before the end of the tax campaign in Poland on April 30. In an official position published last month, Ministerstwo Finansów claimed that Polish residents should report on their tax returns all revenues from trade and exchange for cryptocurrencies like bitcoin, litecoin and ethereum.

After this realization, plans to tax crypto transactions have been ceased. The new regulation on the matter is anticipated by June 15.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   882

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.