Crypto taxes will be no picnic under the Infrastructure Bill getty What Happened Cryptocurrency tax compliance has historically been poor, but the government is trying to get better at collection. A controversial section of the Infrastructure Bill, signed into law by President Biden on November 15h, requires “brokers” such as cryptocurrency exchanges to issue Form…
Islands cofounders Nikhil Srinivasan (left) and CEO Tiffany Zhong (right) are hoping to provide tools for more creators and collectors to jump into NFTs. Islands After years spent trying to “bridge generations” by guiding brands and investors to better understand Gen Z, Islands CEO Tiffany Zhong is now trying to do the same for different…
Germany is moving swiftly to legitimize crypto assets. With the passing and introduction of the Fund Location Act a few months ago, a new milestone has now been reached. This new regulation allows specific funds (open-ended domestic special AIFs with fixed investment terms) to allocate up to 20% of their assets under management in crypto…
Nigeria’s President Muhammadu Buhari ASSOCIATED PRESS Nigeria recently launched the continent’s first digital currency, the eNaira. While it holds considerable promise, it faces a tough competitive environment and key challenges to adoption and implementation. Follow me on Twitter or LinkedIn. Source link
Zhao Changpeng, founder and chief executive officer of Binance. © 2021 Bloomberg Finance LP Binance CEO Changpeng Zhao (often referred to as CZ), runs the world’s largest crypto exchange. He is a billionaire, valued at $1.9 billion, ranked number 5 on Forbes’ Crypto Rich List, and one of the most followed and influential members of…
Bitcoin and cryptocurrency prices have rocketed over the last year, fueling a surge of interest in the digital asset space as traders and investors pile in. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains’ The bitcoin price is now trading at just under…
Today, the Office of the Comptroller of the Currency (OCC), the nation’s regulator of large banks such as J.P. Morgan Chase and Wells Fargo, issued Interpretive Letter 1179, which erects supervisory barriers that will slow the entry of the fast-growing cryptocurrency industry into the U.S. banking system. Acting Comptroller Michael Hsu effectively issued a rebuke…
Computer, Bank, Blockchain, Coin, Currency getty Are all bitcoins created equal? Not necessarily according to Galaxy Digital. Revealed exclusively to Forbes, today the company is releasing a report, How Much Does It Cost To Mine A Bitcoin?, from its research team. The answer to this question matters greatly. First, as the price of bitcoin grows…
Busha’s team Busha There aren’t many countries where residents feel the effect of inflation and currency devaluation as much as in Nigeria. Grocery prices in the country tend to be markedly higher from month to month, and the result is that many Nigerians, whose income remain stagnant, are constantly looking for alternative ways for making…
President of El Salvador, Nayib Bukele, gestures during his speech at the closing ceremony of the … [+] Latin Bitcoin conference (LaBitConf) at Mizata Beach, El Salvador, on November 20, 2021. (Photo by MARVIN RECINOS / AFP) (Photo by MARVIN RECINOS/AFP via Getty Images) AFP via Getty Images Over the weekend, El Salvador’s President Nayib…