The White House has weighed in on the ongoing infrastructure bill debates. The Biden Administration has backed an amendment to the infrastructure bill draft that could pose strict tax reporting …
MoreTag: USA
Federal reserve governor ‘highly skeptical’ of digital dollar
U.S. Federal Reserve Governor Christopher Waller has stated that he is “highly skeptical” that the country needs to develop its own central bank digital currency (CBDC). In remarks prepared for …
More
White House reportedly supports only minor changes to cryptocurrency tax proposal
The crypto community is pushing back against amendments to the crypto provisions of the White House’s infrastructure plan — which seeks to raise $28 billion for infrastructure funding through expanded taxation on …
More
Miami to prepare launch of city cryptocurrency
The city of Miami is set to launch its own cryptocurrency, MiamiCoin, tomorrow. The token will allow people to invest in the city to fund infrastructure projects and events, according …
More
US infrastructure bill will make regulatory changes to cryptocurrency
A provision in an infrastructure bill being debated by the U.S. Senate has prompted concerns in the crypto industry as it boosts Internal Revenue Service reporting requirements for investors and …
More
Europe growing into DeFi hub as US tightens screws on crypto
Research by Dove Metrics has delved into the European DeFi scene revealing that things are still looking healthy despite the market pullback and increased regulatory pressure. A July 27 report noted that 56 European …
More
Texas counties welcome Bitcoin (BTC) miners with open arms
Texas, the second-largest state in the U.S. known for its southern hospitality, is embracing the droves of Bitcoin (BTC) miners that have recently flocked to the region. Following China’s crackdown on …
More
Robinhood: “Bitcoin is our most-traded cryptocurrency ahead of IPO”
t’s probably no surprise, but Robinhood said bitcoin was the most-traded cryptocurrency on its trading platform in 2020. In fact, bitcoin hit over $54 billion in daily average market volume …
More
U.S. regulators to meet and discuss stablecoins on Monday
As authorities begin to take more notice of the rapidly expanding class of digital currencies, U.S. Treasury Secretary Janet Yellen stated on Friday that she would meet with regulators tomorrow …
More
Tennessee city plans to accept Bitcoin (BTC) for tax payments
Jackson, the eighth-largest city in the state of Tennessee, plans to allow its citizens to pay their property taxes in Bitcoin, Mayor Scott Conger announced Friday. The city’s blockchain task …
More