PYMNTS

OCTOBER 7, 2020

The first phase had a focus on designing and checking the technology and ended in July. According to the report, the third phase will include distributing the currency and overseeing its circulation, with blockchain technology used to monitor how that goes.

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PYMNTS

OCTOBER 4, 2019

The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. In a statement published on Sprague’s official website this week, the treasurer said “OhioCrypto.com,” the website that allows businesses to pay their taxes in cryptocurrency, would be suspended immediately. “It

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Ohio Taxes Bitcoin Payments 109

PYMNTS

NOVEMBER 27, 2018

Atiku Abubakar, a 2019 presidential candidate in Nigeria, said he will support cryptocurrency and blockchain if he becomes the country’s next leader, according to the Daily Post. Abubakar, who is a former vice president, plans to use cryptocurrency to help speed up the economy in the country. “In

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PYMNTS

APRIL 14, 2018

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

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PYMNTS

JANUARY 26, 2018

By now you know South Korea is a prime mover for cryptocurrencies — be it up or down. And lest you think changes in tax policy sow confusion only in the United States, think again. he continued, there’s almost no reason to use cryptocurrencies across an actual use case. Which cryptocurrencies will dominate?

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PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies.

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PYMNTS

APRIL 28, 2019

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. It is the first state to let businesses pay their taxes with cryptocurrency. company to pay taxes with bitcoin. “We

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Ohio blockchain Columbus Taxes 149

PYMNTS

JULY 1, 2020

lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar. ” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes. Washington D.C.

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PYMNTS

APRIL 14, 2019

The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CCN.

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PYMNTS

JULY 29, 2019

Ripple CEO Brad Garlinghouse and its Executive Chairman Chris Larsen penned an open letter to Congress regarding the regulations of cryptocurrencies. The way Ripple sees it, cryptocurrency c omplements legacy currencies, it doesn’t replace them. Many companies believe they are serving the greater good. You have the world’s attention.

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PYMNTS

FEBRUARY 19, 2020

The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. The IRS has been trying to combat cryptocurrency tax evasion, and the agency has been working on establishing more concrete guidelines for digital currencies.

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PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Perhaps the most poignant moment in this evolution came about last week when JPMorgan Chase announced the development of the JPM Coin, the first bank-backed cryptocurrency in the U.S.,

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CB Insights

AUGUST 16, 2021

Taxbit, a cryptocurrency tax software provider, has raised $130M in an extended Series B that drew participation from Insight Partners and Institutional Venture Partners. Utah-based TaxBit is a developer of cryptocurrency tax software. HOW’S THE COMPANY PERFORMING? Want the full post? Become a CB Insights customer.

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PYMNTS

NOVEMBER 12, 2018

Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency. In an effort to protect its residents from crypto scams, the Central Bank of the Bahamas (CBOB) has released a regulatory framework before it integrates cryptocurrency-based assets into its services.

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PYMNTS

AUGUST 14, 2019

New Zealand will now allow employers to compensate their workers in cryptocurrency, reports in Blockchain News said Tuesday (Aug. New Zealand tax authorities published a ruling this month that includes guidance for employers that wish to pay their staff in cryptocurrency.

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PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal.

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PYMNTS

JUNE 10, 2019

Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. GAAP,” the letter stated.

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California cryptocurrency Taxes Report 128

Vitalik Buterin

NOVEMBER 22, 2019

In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity. One of the largest problems facing the cryptocurrency space today is the issue of scalability. ENS registration).

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PYMNTS

OCTOBER 8, 2019

In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. The SNB has for some time been closely following the digitalisation of the financial sector and technological innovations in the areas covered by its mandate.

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PYMNTS

JANUARY 21, 2021

The filing process only takes about 45 days, but Sberbank is also still debating how Sbercoin will be taxed, according to Cointelegraph, citing news agency Interfax. Popov also noted Sberbank has completed internal testing of the technology and is “ready to work with such a fiat currency,” the report stated. Meanwhile, Nebraska Sen.

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PYMNTS

JULY 15, 2020

The user received a now-infamous crypto letter from the IRS last August, which informed him and others that the IRS had “information” on their crypto accounts and that the government agency believed taxes had not been paid on the crypto, according to CoinDesk. bills on the table, industry officials say, according to CoinDesk.

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Bitcoin social media cryptocurrency US 152

PYMNTS

NOVEMBER 11, 2016

As bitcoin stabilized in the wake of an election upset, the fervor formerly surrounding competitor cryptocurrency Zcash has all but faded. It’s set a due date for the report on clarifying the legal treatment of cryptocurrencies: the end of 2017. Until now, bitcoin was the only cryptocurrency available to use on the service.

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PYMNTS

SEPTEMBER 15, 2017

Diehards, however, are still crying “ hodl ” — the cryptocurrency community’s rallying cry, inspired by an enthusiastic misspelling of “hold” in a 2013 Reddit thread. business plan, technology, people involved) and prepared to lose your entire stake.”. percent this week. This week, U.K.’s Others continue charging full steam ahead.

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Bitcoin cryptocurrency blockchain Regulation 177

PYMNTS

MARCH 14, 2018

” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. Earlier this week, the head of the International Monetary Fund (IMF) described this dichotomy as the “peril that comes along with the promise” of cryptocurrencies.

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PYMNTS

JULY 26, 2020

dollars that does not suffer from the delayed settlement and chargeback issues of traditional payment solutions, or the legal, accounting and tax issues of stablecoins,” the release stated. The new banking options are largely built around blockchain technologies. Avanti made its Wyoming intentions clear in February. ”

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PYMNTS

JANUARY 4, 2019

The new year has dawned with India’s government stating that it is eyeing cryptos with “due caution” and that there are no “clear recommendations” as to cryptocurrencies. That board has said it has reviewed the rapid growth of crypto and has found that “crypto assets do not pose risks to global financial stability currently.”

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PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. based company offers digital asset instruction, investment technology and information for people in Europe, Asia and Africa. 9) announcement.

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PYMNTS

JANUARY 24, 2020

To create a framework for the international governance of cryptocurrencies, the World Economic Forum (WEF) has reportedly formed a worldwide consortium. Sovereign debt and high-tech initiatives, with the inclusion of artificial intelligence (AI), have been more recent topics.

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PYMNTS

NOVEMBER 12, 2019

April is months away, but tax season is likely top of mind for crypto holders. To that end, in the United States, the Internal Revenue Service (IRS) has said that huddling with other tax authorities across the globe has helped train a spotlight on how to detect and thwart tax evasion efforts.

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Taxes Bitcoin cryptocurrency Fraud 101

PYMNTS

DECEMBER 7, 2017

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. These businesses are desperate for technology that can work with that on which their companies were built, Benson said. Libra, which recently announced $7.8

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blockchain cryptocurrency Software Regulation 131

PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies. “In The current policy is a non-policy.

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PYMNTS

NOVEMBER 15, 2018

As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2B payments. Analysts point to the challenges associated with adoption and implementation of blockchain-powered B2B payment solutions as a key hurdle for the technology.

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blockchain Payments System Survey 187

FluentBanking

MAY 21, 2020

Cryptocurrency is a digital currency that used cryptographic technology and works as a virtual medium of exchange. The most common feature of cryptocurrency is it has no central authority to control the currency and it has no physical form. The history of cryptocurrency is not new. banks, financial companies etc.)

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cryptocurrency Bitcoin Taxes blockchain 52

PYMNTS

AUGUST 2, 2019

The technology could also be used to verify that any returned drives have undergone a “certified erase” process to remove any user data. In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

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blockchain Fraud Data Report 148

PYMNTS

FEBRUARY 27, 2018

Bill Gates took on cryptocurrencies and the future of transportation in an ask me anything (AMA) session on Reddit. And, while he believes innovations in transportation have positive implications, he has reservations over cryptocurrency. Of course, there’s an issue with illegal drugs too.

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PYMNTS

JANUARY 29, 2020

In today’s top payments news, illegal activity involving cryptocurrency is at a record high, U.S. Illegal activity concerning cryptocurrency is at an all-time high, particularly involving drug sales and ransomware cyberattacks. Shady Bitcoin Transactions Hit All-Time High. Mastercard And TabaPay On Accelerating Instant Payments.

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Bitcoin US Payments cryptocurrency 131

PYMNTS

OCTOBER 21, 2020

The hackers published the contribution in addition to tax receipts for 0.88 A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. Eastern Time on Oct.

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Bitcoin New York Taxes Report 234