IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new 'Digital Asset' category.
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An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new 'Digital Asset' category.
It appears that U.S. lawmakers have bigger fish to fry as stablecoin and crypto regulations remain on the back burner. During a financial conference on Oct. 18, representative Jim Himes…
The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in…
Tether has successfully ditched the entirety of its commercial paper holdings in favor of U.S. Treasury Bills, which could now make up approximately 56.3% of the companys total reserves. The...
A new study shows that over 18% of all crypto received by Eastern Europe comes from addresses associated with risky or illicit activity, far more than any other region. With…
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies.
“Effective regulatory and supervisory frameworks should be based on the principle of ‘same activity, same risk, same regulation,’” said the FSB proposal.
The definitive guide to the top stablecoins in use today. What Are Stablecoins? A stablecoin is a blockchain-based token that is designed to stay at an equal value, typically that...
When stablecoins are sent to exchanges in large quantities, it is usually a signal that institutions are preparing to buy. It has not happened yet, as stablecoins such as USDC…
An estimated $148.7 billion worth of stablecoins are still in circulation.