The country identifies blockchain as a significantly disruptive technology that can efficiently drive innovation and industrial transformation.
In 2014, the IRS decided that cryptocurrency is property, not currency. That means you’ll pay taxes on any digital coins you own.
Green BAR podcast on carbon on blockchain
DBS Bank and Temasek has created Partior that can help settle funds instantaneously between any two banks in the world using blockchain.
As one of the largest financial hubs in the world, inevitably crypto will become extremely popular in Hong Kong.
The People’s Bank of China has hinted taking a softer stance on Bitcoin, saying cryptos should just be regulated as an alternative asset rather than a currency
If China saw bitcoin as a threat to it own planned digital currency, that could affect the whole industry
More crypto exchanges and other blockchain-related projects will list in the US, spurring innovation and cementing US’ leads in the blockchain sector
If it wins approval, a Grayscale Bitcoin ETF would be much better positioned than potential rivals.
Rather than banning NFT’s outright, treating NFTs as a new asset class that requires dedicated legislation would be a far superior strategy in the long run