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Witnessing the digital breakthrough
New Dash Partnership Accelerates Cryptocurrency Adaptation
Cryptocurrencies   |   13.01.21  |  

... 155,000 merchants The Dash Investment Foundation (DFI) has invested in CrayPay. This should soon enable purchases in Dash to be made at 155,000 US retailers. Dash and CrayPay announced they are working together to make cryptocurrency available to thousands of people. CrayPay is a loyalty platform where consumers can receive rewards. With discounts or bonus promotions, people get a price advantage from retailers. Due to its low transaction fees, the Dash network is ideal for the CrayPay app as payments ...

New US Treasury Proposal: The End of Crypto Privacy?
Usa   |   25.12.20  |  

The US Treasury Financial Crimes Enforcement Network (FinCEN) finally put an end to the rumors surrounding the new regulations on cryptocurrency exchanges. The US Treasury Financial Crimes Enforcement Network (FinCEN) finally put an end to the rumors surrounding the new regulations on cryptocurrency exchanges. What many viewed as Treasury’s Secretary, Steve Mnuchin, last shot at crypto is the new proposal to require registered crypto exchanges to verify the identity of a customer if the transaction...

Huobi Returns To The US
Exchanges   |   23.12.20  |  

Global crypto exchange Huobi Group returns to the US after abruptly departure a year ago Huobi Tech announced that it has received a Nevada Financial Services Division trust license for its subsidiary Huobi Trust Company. The license will allow the company to offer custody services while complying with the requirements of the US market regulators from the beginning of 2021. The return is part of Huobi Group's efforts to launch regulated financial products and services in the states. Huobi US (HBUS)...

US Congress to Face “Stable Act” Bill Concerning Stablecoins’ Fate
Usa   |   08.12.20  |  

On December 2nd, the United States Congress received a new bill dubbed “The Stable Act”, which aims to make any usage of stablecoins in the United States without permission from federal regulatory bodies illegal On December 2nd, the United States Congress received a new bill dubbed “ The Stable Act ”, which aims to make any usage of stablecoins in the United ...

Crypto Investors Get Warning Notices From the IRS
Usa   |   26.11.20  |  

The Internet Revenue Service in the United States (IRS) has sent out many letters to crypto investors reiterating the fact that they have pending taxes on their unreported profits from cryptocurrency This comes as a result of many investors not reporting their real gains in cryptocurrency. For this reason, the Internet Revenue Service in the United States (IRS) has sent out many letters to crypto investors reiterating the fact that they have pending taxes on their unreported profits from cryptocurrency...

U.S. Senator Vows to Bring Bitcoin Debate to National Level
Usa   |   20.11.20  |  

... Even a well-coordinated legal attack by the UN and the WTO is likely to lead to Bitcoin going underground and developing confidentially. Cyberwar Cyberwarfare is hacking and various kinds of illegal manipulation on social networks. Bitcoin, despite reusable hacking attempts, has shown its excellent resistance to hacker attacks. This cryptocurrency is a really strong nut, and it owes such a high level of protection to its Proof-of-Work system. Even if hackers manage to change the Bitcoin code, the ...

Cryptocurrency Tax Guide: How To Prepare Your Bitcoin Tax Filing?
Regulation   |   17.11.20  |  

... cryptocurrencies to buy goods or services. Receiving cryptocurrency from mining, forks, or airdrops. However, as we previously mentioned countries tend to view cryptocurrencies differently. Here’s how major countries regulate tax on cryptocurrencies. USA In the USA, cryptocurrencies are considered property. So, in this case, profits are derived from capital gains , not exchange differences. Hence, cryptocurrency holders are supposed to take note of their transactions and notify the IRS of any capital ...

PayPal To Give Access to Cryptocurrency Service for US Residents
Innovations   |   13.11.20  |  

On Thursday November 12th, fintech giant PayPal said it would give access to cryptocurrency services to all eligible US users Fintech giant PayPal said Thursday it would give access to cryptocurrency services to all eligible US users. "We are pleased to announce that all eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency directly with PayPal," — the company said in a statement. The move follows reports of strong demand from PayPal management. Earlier...

FinCEN Fined Helix Operator
Crime   |   20.10.20  |  

FinCEN fines Bitcoin mixer operator $60 mln for violating Bank Secrecy Act The Financial Crimes Enforcement Network (FinCEN) under the US Treasury Department has fined bitcoin mixer creator and operator Larry Dean HARMON $ 60 mln for violating the US Bank Secrecy Act. For the first time, the regulator fined the service of anonymizing crypto transactions. In February, the US Department of Justice sued Harmon for using the Helix service, which allegedly served participants of the darknet market...

Revolut is Waiting for US Approval
Legislation   |   14.10.20  |  

Revolut, Europe's largest digital bank with 13 mln users, will apply for a bank charter European fintech giant Revolut plans to start operations in California. According to CNBC, the company will soon apply to the Division of Financial Institutions of California and the Federal Reserve Bank of San Francisco to receive a bank charter. The London-based fintech company will use interstate agreements to operate throughout the United States if it succeeds in receiving a California bank charter. However...


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