Business

Democrats pushing to close digital currency tax loophole via wash-sale rule
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16 September, 2021

Democrats pushing to close digital currency tax loophole via wash-sale rule

The Biden administration said the law would not apply to non-custodial actors, but there is still some debate as to...
European Securities and Markets Authority brands digital currency ‘volatile’
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16 September, 2021

European Securities and Markets Authority brands digital currency ‘volatile’

The report views digital currency a trending innovation in finance, but also a threat to the sustainability of financial services...
Kenya leads in global P2P volume for second year in a row
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16 September, 2021

Kenya leads in global P2P volume for second year in a row

Kenya has ranked first in the world for P2P volume for the second year in a row and fifth for...
Bitcoin is for barter, not currency: Mexico central bank chief
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16 September, 2021

Bitcoin is for barter, not currency: Mexico central bank chief

The head of the Bank of Mexico compared digital currencies to barter trade as opposed to being a currency, claiming...
Digital currency tax guidance still a priority for IRS
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15 September, 2021

Digital currency tax guidance still a priority for IRS

The IRS released a joint Priority Guidance Plan for ‘21-‘22 with Treasury and it lists its intention to issue tax...
Zimbabwe finance minister calls for digital currency adoption in remittances
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15 September, 2021

Zimbabwe finance minister calls for digital currency adoption in remittances

The minister was inspired by solutions being developed at the DMCC Crypto Valley in Dubai and believes that digital currencies...