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
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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
Spanish Island Government Decides to Sell Its Bitcoin Investment by Citing ‘Ethical’ Reasons
Bitcoin is not liked by everyone from the Island Council of Tenerife, Spain. At least that’s what was suggested by its president, Pedro Martín, who ordered the sale of the local government’s investment in cryptocurrency. Bitcoin Is an ‘Opaque’ Currency, Martín Says Martín, from the Spanish Socialist Worker’s Party (PSOE), issued the order of dismantling … Read more
Bahamas’ Sand Dollar nears commercial rollout as interoperability completed
Following cybersecurity assessments, commercial institutions are being cleared to issue the world’s first CBDC — the Bahamas’ Sand Dollar. Go to Source Powered by WPeMatico
Former OCC official says crypto has backing but dollar ‘may not’
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.” Go to Source Powered by WPeMatico
Russia’s Hermitage museum to host NFT art exhibition
The NFT exhibition will be part of the “Hermitage 20/21” project. Go to Source Powered by WPeMatico
Texas chases after Wyoming with crypto law proposal, but challenges remain
Will Texas follow in Wyoming’s footsteps to become the next crypto-friendly U.S. state? Go to Source Powered by WPeMatico