Crypto regulations: US congress has placed18 bills on digital assets in 2021 so far
Former FDIC regulator Jason Brett claims that this year, US lawmakers have shifted their attention away from private stablecoins and toward regulating decentralised digital assets. The US Congress looks to be pressing for more legislative clarification on crypto assets , with 18 measures relating to blockchain and cryptocurrency submitted so far in 2021. According to […]
Coinbase slams US lawmakers for their hasty insertion of the infrastructure bill
In a statement, Coinbase’s global tax vice president expressed his displeasure with Congress for rushing through controversial crypto tax provisions as part of an infrastructure package, saying that the bill might affect up to 60 million Americans. Cryptocurrency provisions were rushed into the bipartisan infrastructure bill by Congress at the last minute, according to Coinbase […]
Deloitte Survey shows crypto will rival or replace fiat currency Within 10 Years
Deloitte, a Big Four accounting firm, polled finance experts on their thoughts on blockchain and digital assets. According to Deloitte’s annual global blockchain poll, 76% of finance professionals believe digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5–10 years.” Deloitte, together with KPMG, EY, and […]
UK becomes PayPal’s first crypto expansion outside the U.S
PayPal customers in the United Kingdom will be able to buy, sell, and store four different cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. PayPal customers in the United Kingdom can now purchase, sell, and hold Bitcoin, Ethereum, Bitcoin Cash, and Litecoin starting Monday. Through a crypto page on PayPal’s website and mobile app, customers may […]
Australian Police Return to Silk Road Following Record-Breaking Bitcoin Seizure
Victoria Police confiscated over $6 million in Bitcoin during an investigation into internet drug trafficking, a record for Australian law enforcement. In the country’s largest-ever cryptocurrency capture, police in the Australian state of Victoria confiscated about A$8.5 million ($6 million) in Bitcoin from internet drug dealers. Victoria Police also confiscated substances suspected to be cannabis, […]