Expert explains why Britain needs a digital pound
One of the contributors to the Bank of England’s preliminary CBDC research tells us why a digital pound is neccessary in the United Kingdom. Go to Source Powered by WPeMatico
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Ohio senator wants clarity for crypto tax reporting in proposed bill
Senator Rob Portman said lawmakers were “still pulling in information” on crypto to formulate the bill, implying he announced it to the public prematurely. Go to Source Powered by WPeMatico
Governments can stop Bitcoin by shutting down mining, says Electric Capital exec
“If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80-90% of the hashrate pretty quickly,” said Curtis Spencer. Go to Source Powered by WPeMatico
UAE employs blockchain tech for remote litigation services
The UAE government’s adoption of blockchain technology for its legal notary services builds on its ambitions to go completely digital. Go to Source Powered by WPeMatico
Bahamas ranked first for retail CBDC development, according to PwC
Countries like the Bahamas and Thailand are on the leading edge of CBDC development, according to a new research report. Go to Source Powered by WPeMatico
South Korea plans interagency crackdown on illegal crypto transactions
South Korea’s top financial regulator established dedicated crypto investigation teams across the country last week. Go to Source Powered by WPeMatico
Crypto users demand reinstatement of Pakistani government adviser following sudden resignation
Zia Ullah Bangash’s potential departure from an important role in facilitating Pakistan’s regulatory environment for crypto had many threatening to withhold votes and demanding answers. Go to Source Powered by WPeMatico
More IRS summonses for crypto exchange account holders
The recent John Doe summons developments indicate that the IRS is seriously interested in crypto — better to report than to be audited. Go to Source Powered by WPeMatico
You can’t talk about blockchain and not bring up CBDCs and stablecoins
Economies are currently experiencing the development of brand new ideas around CBDCs, stablecoins or private digital currencies. Go to Source Powered by WPeMatico
Massachusetts regulator seeks to revoke Robinhood’s broker-dealer license
State regulators claim that Robinhood has targeted inexperienced investors. Go to Source Powered by WPeMatico