Fri, March 29, 2024

Cryptocurrency

Taxes and cryptocurrencies

Internal Revenue Service and Crypto Owners

The 2019 tax season in the U.S. starts on Monday. As a result, taxpayers will have to provide information about their assets, including cryptocurrencies. People should disclose information about any cryptocurrency transactions in 2019. It is a very important moment for the taxpayers, as they should be careful when it comes to reporting their crypto …

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Ripple and authorities

Crypto Companies and Initial Public Offerings

Ripple’s CEO Brad Garlinghouse attended the World Economic Forum in Davos. On January 23, during his speech, he mentioned crypto companies and Initial Public Offerings. According to Garlinghouse, in the next 12 months, crypto and blockchain companies will go public. Ripple’s CEO stated his company also plans to go public. However, he did not provide …

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Cryptocurrencies and new patent

Cryptocurrencies and the New Payments System

Payments provider Square, founded by Twitter’s CEO Jack Dorsey, obtained a patent. Three days ago, the U.S. Patent and Trademark Office granted a to the payment provider Square. This patent will make it easier to use cryptocurrencies. The purpose of the new network is to enable seamless crypto-to-fiat transactions. The application submitted by the company …

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Central banks and digital currencies

Digital Currencies and New Opportunities

The interest in Digital Currencies is increasing not only among private organizations but governmental organizations as well. Central banks in Europe and elsewhere are creating special groups to explore this emerging technology. Last year, the central bank of Thailand announced the decision to launch its digital currency project. Another Asian country also plans to unveil …

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ECB and its program

The Future of Central Bank Digital Currencies

Central banks of Canada, Switzerland, Sweden, the U.K., and Japan along with the European Central Bank and BIS, formed a working group. The Bank of International settlements (BIS) is an international financial institution owned by central banks. The purpose of this working group is to learn more about central bank digital currencies (CBDC) and to …

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Crypto and Thailand

Crypto-Related Companies in Southeast Asian Country

Crypto-related companies are evolving as they have to adapt to the ever-changing crypto market. One of the biggest challenges is to comply with crypto regulations. It is quite hard as regulations some clarity or they are unnecessarily complicated for the businesses. However, crypto regulations are important by using rules and regulations; it will be easier …

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Thai authorities and illegal activities

Thailand’s Regulator and Crypto Trading Platform

Thailand’s Ministry of Finance and the Thai Securities and Exchange Commission (SEC) granted a digital assets exchange license to Zipmex. It is a crypto-fiat trading platform. Based on the press release, authorities granted the license. Zipmex had to meet the requirements. For example, a company should prove that they have robust finances, with shareholder equity …

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Crypto mining in Texas

Advantages and Disadvantages of Bitcoin

The crypto market is constantly developing, and it takes time to learn more about the latest developments. However, crypto adaption is not an easy task and some people are skeptical regarding the future of Bitcoin and other cryptocurrencies. People often use a specific argument against Bitcoin. According to this argument, something better will replace Bitcoin. …

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Crypto mining and power generation

Central Bank-Issued Cryptocurrencies vs. Bitcoin

One of the major arguments against the Bitcoin is that at one point, something better will replace the Bitcoin. Currently, it is the biggest cryptocurrency in terms of market capitalization. Moreover, there is a more specific version of this argument. According to this version, a new digital currency owned by a government or corporation will …

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Crypto industry and legal aspects

Financial Services Committee and Cryptocurrencies

Cryptocurrencies such as Bitcoin, Ethereum, and others offer several advantages in comparison with fiat currencies. One of the main differences is that central banks are not controlling the crypto money. There are some problems as well. Two days ago, the House Financial Services Committee (FSC) discussed some of those issues. The FSC subcommittee hearing was …

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New round of stimulus checks

U.S. Congress and the Role of Crypto

On January 15, the House Financial Services Committee (FSC) discussed the issues connected with illegal activities. It is important to mention that the FSC subcommittee hearing was focused on how domestic terrorists finance their activities in general. In this context, U.S. lawmakers, along with witnesses also discussed the connection between crypto and unlawful activities. The …

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