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The blockchain hype certainly hasn’t risen without catching the attention of regulators. Reports noted the efforts echo those seen in Nevada, with one bill that aims to “prohibit cities and villages and counties from taxing or otherwise regulating the use of distributed ledger technology.”. Regulatory Moves.
which owns and operates two dozen gambling properties in seven states, including Nevada and Louisiana. Beyond that, legal gambling culture in the United States, despite the Supreme Court ruling , remains a tangle of state laws and regulations. That could lead to additional taxes, possibly at or above 15 percent.”.
Heavy-handed regulators. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. Executioner’s Tax (Swing of the Ax) – Power Trip. Payments chaos.
The latest example of that, a closed-loop payments effort in Nevada, comes amid fresh signs of significant revenue growth for this nascent part of legitimate commerce. Under the program, the Nevada state treasurer’s office will “set up a three-year pilot program” to ease the payments situation for the local cannabis industry.
Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. The state reportedly would impose a $250,000 licensing fee on betting providers, along with a 3 percent tax. Since the U.S.
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