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Mastercard Looking to Make Cryptocurrencies Everyday Way to Pay


Payments giant Mastercard believes crypto assets have the potential to transform the financial infrastructure, outlining five key areas that can help “turn cryptocurrencies into an everyday way to pay.” However, to achieve this, we need to bring together the best of tech, banking, fintech,...

Rio de Janeiro to Allow Citizens to Pay Property Taxes in Crypto from 2023


The Brazilian city of Rio de Janeiro will let its crypto-holding residents use their coins to pay their property tax bills from next year. Globo reported that the city hall has published a decree in its Municipal Gazette that states that Rio will “hire companies specialized in carrying out...

Crypto Exchange Bittrex to Pay $30M in US Treasury Sanctions Settlement


Crypto exchange Bittrex will pay the U.S. Treasury Department’s sanctions and money laundering watchdogs $30 million to settle allegations it maintained a poor compliance program between 2014 and 2017, allowing individuals from sanctioned jurisdictions to trade on the platform

SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax


On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans...

Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies


Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators...

US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records


The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party...

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