The Internal Revenue Service plans to make all income tax payers check a box indicating whether they have transacted in crypto over 2020.
Fed Reserve Governor Brainard Said to Be Biden’s Choice for Treasury Secretary
Lael Brainard, who has been involved with the Fed’s efforts to research a digital dollar, is seen as an ideal choice, Bloomberg sources said.
Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin
The draft bill would define bitcoin and other cryptos as “currency” instead of an “asset” for tax purposes.
New Bipartisan Bill Would Classify Digital Tokens as Commodities, Not Securities, in US
A bill introduced by Rep. Tom Emmer could clarify the status of digital tokens issued as part of a securities offering under securities law.
A New Bill Proposes to Put US Crypto Exchanges Under a National Framework
The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission.
CoinDesk Reporters Discuss FinCEN Files, Venezuela’s Stablecoin Flop and More
From the CoinDesk Global Macro news desk, this is Borderless – A twice-monthly roundup of the most important stories impacting bitcoin and the crypto sector from around the world.
EU Proposes Full Regulatory Framework for Cryptocurrencies
The European Commission has formally proposed legislation that will provide a comprehensive regulatory regime for cryptocurrencies.
Russian Ministry Wants Citizens to Report Their Crypto Wallet Details: Report
The Ministry of Finance is seeking amendments to the law that would force cryptocurrency users to report wallet balances and large transactions to the tax authorities.
Russian Ministry Wants Citizens to Report Their Crypto Wallet Details: Report
The Ministry of Finance is seeking amendments to the law that would force cryptocurrency users to report wallet balances and large transactions to the tax authorities.
Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining
Iran is regulating bitcoin mining with an iron fist. But as U.S. sanctions and the pandemic put pressure on the economy, Iranians are seriously considering bitcoin as an alternative to the falling rial.
Venezuela Legalizes Crypto Mining but Will Force Industry Into National Pool
The Venezuelan agency responsible for regulating cryptos has legalized the mining industry, but in the process mandated it be centralized under government control.
Messaging Giant LINE Launches Token Reward Program
Messaging app company LINK has started a rewards program where people can get LINK tokens by using its remittance and investment mobile apps.
0x, Kraken and Stellar Awarded Board Seats at Top Crypto Lobbying Association
The new board members represent decentralized finance and institutional crypto alike.
The Currency Cold War: Four Scenarios
Stablecoins. Bitcoin. Libra. China’s DCEP. Digital $. By 2030, there could be dozens of competing currencies. How will the money wars play out?
‘Misleading’ Term Stablecoin Should Be Ditched, Says ECB
The EU central bank said the term stablecoin is potentially “confusing” and “misleading” to consumers.
A New Social Contract for the Digital Age
Veteran futurist Don Tapscott imagines the world in 2030 and finds reasons for optimism in the face of persistent social crisis.
A New Social Contract for the Digital Age
Veteran futurist Don Tapscott imagines the world in 2030 and finds reasons for optimism in the face of persistent social crisis.
US Space Force Enlists Blockchain Firm to Deploy Hack-Proof Data Defenses
The United States Space Force has engaged blockchain firm Xage Security to develop a new security layer for its communications systems.
Digital Euro Would Provide Alternative to Cryptos, ECB President Lagarde Says
A digital euro for retail payments would “ensure that sovereign money remains at the core of European payment systems,” according to Legarde.
JD.com to Build Apps for China’s Digital Yuan Project: Report
The Chinese e-commerce giant has reportedly agreed to help the nation’s central bank develop infrastructure including a wallet for its cash-equivalent digital currency.