The Central Bank of Iran is also mulling the launch of its own central bank digital currency (CBDC)
Gensler said the SEC is working on guidance for crypto custody, and then said that he thinks exchanges need more direct oversight.
In 2014, the IRS decided that cryptocurrency is property, not currency. That means you’ll pay taxes on any digital coins you own.
Customers of participating banks in Singapore and Thailand will be able to transfer funds up to S$1,000 or THB25,000 daily across the two countries, using just a mobile number.
Canada is moving faster, approving all kinds of crypto ETFs and allowing its first Bitcoin ETF in February
The implications of a central bank serving as a custodian for bitcoin exchanges are unprecedented
When a country imposes a new restriction, we don’t see crypto traders fleeing that jurisdiction for more permissive countries.
Executive Yuan, Taiwan’s highest administrative organ, has announced that crypto trading platforms and exchanges would fall under the provisions of the “virtual currency platforms.”
The US House of Representatives passed a bill mandating that the SEC and the CFTC establish a working group focused on digital assets
And late this past week, on top of reports that President Biden is looking to hike capital gains tax for the rich, there were rumors Yellen wants a 80% percent tax for crypto