Month: December 2019

PBoC Officials Confirm its Digital Currency has Major Telecom Support

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There are still many questions associated with China’s digital currency plans. The PBoC has now confirmed how the currency will be tested in a few cities, and will gain the support of telecom giants. The to-be issued central bank currency in China will go through rigorous testing first and foremost. PBoC Announces Digital Currency Test … Read more

IRS Now Requires Tax Filers to Disclose Crypto Activities

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The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning whether the answers would increase the chances … Read more

Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

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In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto taxation plan, and the European Commission’s announcement regarding stablecoins. … Read more

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