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Breaking: US Treasury sets $10K Crypto Limit for Exchanges to Report to IRS

The US Treasury Department today announced a major clampdown on crypto transactions in the US as it set an upper limit of $10,000 to be reported to the Internal Revenue Services (IRS). The department said that the measures have been taken to keep a check on illegal activities and tax evasion using digital assets. The

The US Treasury Department today announced a major clampdown on crypto transactions in the US as it set an upper limit of $10,000 to be reported to the Internal Revenue Services (IRS). The department said that the measures have been taken to keep a check on illegal activities and tax evasion using digital assets. The

News
News

OCC Greenlights the Use of Stablecoin by Federal Banks

The Office of the Comptroller of the Currency (“OCC”), the largest regulator of federal banks in the US on Monday published Interpretive Letter 1174, which marks the beginning of a new era for the American Banking systems. The letter declares that the banks may incorporate the use of emerging fintech technology such as independent node

The Office of the Comptroller of the Currency (“OCC”), the largest regulator of federal banks in the US on Monday published Interpretive Letter 1174, which marks the beginning of a new era for the American Banking systems. The letter declares that the banks may incorporate the use of emerging fintech technology such as independent node

Bitcoin News
Bitcoin News

Bitcoin [BTC] Price Logs $11,000 as Crypto Market Hails Secretary Mnuchin’s Speech

The Secretary of the US Treasury held a press conference to address the concerns around the popularity of cryptocurrencies, especially Bitcoin and Libra. Since Facebook’s announcement of Libra, many regulating and statutory bodies in the US have come out and expressed their doubts. Secretary Steven Mnuchin issued the address as an emergency announcement on cryptocurrencies. The

The Secretary of the US Treasury held a press conference to address the concerns around the popularity of cryptocurrencies, especially Bitcoin and Libra. Since Facebook’s announcement of Libra, many regulating and statutory bodies in the US have come out and expressed their doubts. Secretary Steven Mnuchin issued the address as an emergency announcement on cryptocurrencies. The