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IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts


The Internal Revenue Service (IRS) said on Tuesday that it hired two crypto industry executives — Sulolit “Raj” Mukherjee and Seth Wilks — to aid in digital asset reporting, compliance, and enforcement programs. The post IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts...

CBDC Anti-Surveillance State Act Back in the Senate


The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank...

U.S. Republican Senators Renew Efforts to Block CBDC Implementation


US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches....

ETC Group Launches Ethereum-Tracking ETP on Deutsche Börse Xetra


ETC Group, a prominent provider of digital asset-backed securities, has expanded its cryptocurrency product range by introducing an Ethereum (ETH) staking exchange-traded product (ETP).  The post ETC Group Launches Ethereum-Tracking ETP on Deutsche Börse Xetra appeared first on Cryptonews

Digital Euro Association enters a partnership with HBAR Foundation


The DEA (Digital Euro Association) recently announced a partnership with The HBAR Foundation. The consortium released an official post to announce the collaboration. The post read that the DEA will work with HBAR, the force multiplier for the Hedera network. The collaboration will see the parties...

Republican Senators Propose Legislation to Prohibit CBDC: The Hill


U.S. GOP legislators have proposed a bill to ban Federal Reserve-backed central bank digital currencies, citing concerns over privacy and government access to citizens’ spending data. The post Republican Senators Propose Legislation to Prohibit CBDC: The Hill appeared first on Cryptonews

OpenSea NFT Delisting Sparks Retaliatory Move from Game Developers


OpenSea, once a dominant force in the NFT marketplace, has hit turbulent waters. The platform finds itself metaphorically shipwrecked along the digital shores of the Web3 game OpenSeason. This dramatic turn of events comes after OpenSea made the controversial decision to delist the game’s...

Chinese Authority Warns of Fake Digital Yuan App Scam


Chinese Ministry of Industry and Information Technology cautions against counterfeit digital yuan apps as scam tactics evolve, urging the public to verify through official channels. The post Chinese Authority Warns of Fake Digital Yuan App Scam appeared first on Cryptonews

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