Digital Currency

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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

Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money

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Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets ‘The End of Fiat Money?’ – … Read more

SEC Approves Bitcoin Futures Fund

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The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures … Read more

Boerse Stuttgart’s Crypto Exchange Live for All Traders in Germany

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Germany’s second-largest stock exchange, Boerse Stuttgart, has opened up its cryptocurrency trading platform to all interested traders in the country. This move follows the passing of a bill allowing banks in Germany to sell and hold cryptocurrencies for their clients starting next year. Also read: Regulatory Roundup — Germany to Let Banks Sell and Store … Read more

Tron and Poloniex Relationship Scrutinized After Digibyte Delisting

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The crypto firm Circle recently revealed that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to state governments. Following the announcement, the founder of the crypto network Digibyte (DGB), Jared Tate, explained he was extremely upset that his friend’s and family’s sensitive … Read more