Why cryptocurrency is booming in India despite national ban fears
Cryptocurrency is taking off in India, despite regulatory fears which many are now dismissing as nothing but FUD. Go to Source Powered by WPeMatico
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More Russians are disclosing their cryptocurrency incomes: report
Consulting firms like PwC Russia said that Russians have been increasingly reporting their income from cryptocurrency operations. Go to Source Powered by WPeMatico
Russian lobby group launches new campaign against anti-crypto laws
According to Russian crypto advocates, the existing laws “do not meet the needs” of the cryptocurrency market. Go to Source Powered by WPeMatico
Indian IT giant Tech Mahindra to launch stablecoin tool for banks
Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January. Go to Source Powered by WPeMatico
Singapore authority issues crypto warning after PM falls prey to scammers
The Monetary Authority of Singapore has issued a warning to crypto investors after the state’s prime minister was unwittingly caught up in a fake token scam. Go to Source Powered by WPeMatico
Bank of Japan begins first digital currency proof of concept
The first phase of Japan’s CBDC pilots will be completed by March 2022, the central bank states. Go to Source Powered by WPeMatico
Tyler Winklevoss thinks Bitcoin is past the risk of a US ban
Bitcoin has likely become too interwoven into the world for a ban to be plausible, says the Gemini CEO. Go to Source Powered by WPeMatico
Former Chainalysis brass is now FinCEN’s acting director
Michael Mosier will replace Kenneth Blanco as the U.S. government agency’s acting director. Go to Source Powered by WPeMatico
With US Tax Season Around the Corner, Here’s How to Report Crypto Activity to the IRS
The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes has been pushed to May 17th, there is … Read more
Digital ruble is ‘highest form of money’, Russian Bitcoin critic says
The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted. Go to Source Powered by WPeMatico