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Clinton’s comments come in the wake of controversial crypto tax reporting requirement that was part of the $1 trillion bipartisan infrastructure bill signed into law by U.S. President Joe Biden on Monday. Per the bill, from 2023, brokers will need to disclose customers’ names, addresses, phone numbers, capital gains, and
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The report, which followed a six-month review of U.S. sanctions against countries with whom it is at odds or suspects of being behind illegal activity, noted that “digital currencies, alternative payment platforms, and new ways of hiding cross-border transactions all potentially reduce the efficacy of American sanctions.” Source
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It was a topsy turvy week — “staggering,” a crypto veteran called it. One that saw United States Senator Ted Cruz and Senator Ron Wyden collaborate on behalf of the cryptocurrency and blockchain industry — albeit, in a lost cause. These events could eventually pave the way for future regulatory
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With the wild journey that is bitcoin price swings so far this year, you might have missed the accelerating rhythm of companies announcing services to support bitcoin for payments.We’re not talking about small idealistic startups, either.A week ago, on Visa’s Q1 earnings call, CEO Al Kelly said the company may
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Cambodia’s central bank will launch a distributed ledger technology (DLT) network to enable greater interoperability in the country’s payments sector and to take on the almighty greenback.Consumers will be able to make near instant payments via the platform, using a mobile app and QR codes.During Consensus: Distributed on May 11,
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