Big Tech is developing at a rapid pace due to the pandemic, so governments must impose rules to protect the integrity of citizens. On the other hand, in Spain, the tax authority indicates that victims of fraud must declare taxes even if the court rules in their favor. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.

📍 ‌In Asia, governments across the continent began implementing technological solutions to identify and track patients and potential cases of the COVID-19, an initiative that many have found to be highly successful. Now, in Europe, governments such as those of Italy and France are seeking to replicate these tools as an effective way to monitor and control the current pandemic. However, Revathi Krishnaswamy, a professor in the Department of English and Comparative Literature at San Jose State University and a Public Voices Fellow at The OpEd Project, relates that the Big Tech industry offers great benefits to society, but it also hides great risks. In her articleKrishnaswamy stresses that new technologies must be used transparently, and that governments must ensure the privacy and security of data collected by large corporations.

The expert points out that teleworking, telemedicine and many technological applications simplify our daily lives, but they also open the doors to greater surveillance and capture of private data, especially of vulnerable groups. If privacy is not guaranteed and its use is restricted, this data can be sold in a post-pandemic world for the economic benefit of the large Big Tech industries. 

📍‌ In Spain, two tax experts respond to a consultation carried out at the General Directorate of Taxes (DGT) on the entity's interpretations of a class action lawsuit for cases of fraud with investments in platforms cryptocurrencies, . According to the entity, "There is no capital loss if a taxpayer files a collective criminal complaint, considering himself the victim of an alleged fraud and seeking to recover his investment". In view of this, Jose Antonio Bravo, a renowned economist and tax and accounting advisor, tweeted that the filing of a collective criminal complaint does not allow for the imputation of patrimonial loss.

For its part, Alberto Vasquez responded that he disagreed with the interpretation of the DGT, since the measure refers to the fact that funds invested and lost in a scam can be declared to the tax authority, even if they are not recovered in a lawsuit. 

📍‌ The Gibraltar Stock Exchange listed on your list at 3iQ's Bitcoin Fund, who now appears as one of the first regulated funds of Bitcoin, traded on a European exchange. With this announcement, the Gibraltar Stock Exchange ensures accessibility to the digital asset ecosystem, while highlighting the importance of a new class of digital assets, innovative and accessible through conventional investment vehicles. The introduction of 3iQ to Gibraltar and GSX leads to greater adoption of cryptocurrencies and digital assets. 

📍 ‌The University of Buenos Aires (UBA) will hold a virtual conference via Zoom to discuss Bitcoin, cryptocurrencies and other related topics of interest. The conference will take place on October 2 from 4:00 PM to 8:00 PM, Argentine time (UTC –3). Among the most notable participants will be: Johanna Faliero, specialist in Law, Diego Gutierrez Saldivar y Franco Amati, co-founders of the NGO Bitcoin Argentina; Romina Sejas, member of the Buenbit exchange team; Sasha Ivanova, CEO of Sharp Shark; and Cesar Cerrudo, professional hacker and computer security expert.

The virtual conference is named “First National Conference on Cryptocurrencies, Blockchain and Smart Contracts: Fintech, digital economy and decentralization”.

📍‌ The United States House of Representatives approved the inclusion of the Digital Taxonomy Law and Blockchain Innovation Act within the Consumer Safety Technology ActThe new laws include clear definitions for the terms “digital asset” and “digital unit,” thereby clarifying the crypto-asset environment while imposing guidelines for the prevention of illicit and dishonest business practices across the board. 

the congressman Darren Soto (D-FL), the author of both bills, says that as U.S. lawmakers, they have an obligation to ensure that the United States leads the development of blockchain technology. 

Continue reading: Crypto investor Grayscale adds another 17 BTC to its reserves of this cryptocurrency