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US Lawmakers Begin to Realize that They Cannot Ban Bitcoin


Ever since its inception, Bitcoin (BTC) has divided the people into its supporters and opponents. In fact, there are many out there who want it to be completely banned, especially the regulators and the critics of the cryptocurrency. But is it practically possible to impose a ban on Bitcoin?...

Crypto Bullishness Spreads on Capitol Hill


U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments...

US Lawmakers Draft "Keep Big Tech out of Crypto" Bill


American parliamentarians are moving fast in an attempt to stop major IT companies from offering financial services and issuing cryptocurrencies. The draft discussion bill (which you can read in its entirety here), is entitled the Keep Big Tech out of Finance Act. The proposal has been circulated...

IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users


A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts...

American Lawmakers Want Facebook to Put Brakes on Libra


Source: iStockPhoto/Natali_Mis Facebook’s Libra token is already facing a legal threat, with senior American parliamentarians asking the social network to cease “momentum going forward” while they probe the project – and take their fight to the greater cryptocurrency industry. Per an official...

IRS Plans to Issue Guidance on Virtual Currency Taxation


Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official...

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