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Another provision included in the bill to amend Tax code section 6050I has also stoked fear in the crypto industry. The law, written nearly 40 years ago to apply to in-person cash transactions over $10,000, essentially requires recipients to verify the sender’s personal information and record their Social Security number,
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This episode is sponsored by NYDIG.Download this episodeOn this edition of “The Breakdown’s Weekly Recap,” NLW looks at:Hidden crypto tax provision 6050IChilling language from British lawmakers around using CBDCs to control citizens’ spendingThe Compound political gaffeSee also: Compound Founder Says $80M Bug Presents ‘Moral Dilemma’ for DeFi Users“The Breakdown” is
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The Senate still has to vote on its own version of the bill before the two legislative groups conference to reconcile their respective versions. All of Congress will have to vote on the final bill. The provision, inserted by Rep. Patrick McHenry (R-N.C.), seeks to promote U.S. international competitiveness by
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The strategic partnership between Dash and SDM will help consolidate Dash’s business strength with re-spendable and secure transactions, with near-zero fees.Dash, one of the world’s largest cryptocurrencies by market capitalization has entered into a partnership with Secure Digital Markets (SDM) to help pump liquidity into the Dash Network by leveraging
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