After revealing its planned digital currency back in 2018, the Marshall Islands chose blockchain firm Algorand as technology partner for the project. The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as technology partner for its national digital currency. After first revealing its planned digital currency — the Marshallese Sovereign (SOV) —…
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After pioneering the use of blockchain-based voting platform Voatz in 2018, West Virginia has abandoned the app in favor of paper and traditional online voting. On Feb. 27, West Virginia decided against using blockchain-based platform Voatz for residents with disabilities and citizens residing abroad to cast their votes in the state’s upcoming primary election. Instead,…
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None of the 17 ongoing global CBDC projects goes beyond the central bank’s jurisdiction, according to BIS research. Cross-border payments do not appear to be a priority as countries all over the world to engage with their own digital currency projects, a new report says. While global governments are competing to become the first country…
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The Committee on Small Business will hold a hearing focused on the benefits of blockchain technology next week. Blockchain and cryptocurrencies are affecting the way both large corporations and small businesses operate, and governments are taking notice. Next week, a committee in the U.S. House of Representatives will hold a hearing focusing on blockchain’s impact…
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The integration of cryptocurrencies into the travel industry will change it dramatically, and it will also be a huge step toward mass crypto adoption all over the world. If government corruption affects the stability of the national currency, it’s only natural that citizens will turn to gold or other assets like Bitcoin (BTC) to invest…
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A former employee at Microsoft has been found guilty of 18 federal felonies in connection with a complex scheme to embezzle $10 million using cryptocurrency. A former employee at Microsoft has been found guilty of 18 federal felonies in connection with a complex scheme to embezzle $10 million using cryptocurrency. The man — a 25-year…
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As a crypto firm in Ukraine plans to issue the first Ukrainian hryvnia-pegged stablecoin, the country’s central bank is progressing with its e-hryvnia project. Despite considerable testing and research, the prospect of a central bank digital currency (CBDC) still raises significant concerns for bankers in Ukraine. At a Feb. 21 conference in Kyiv, the National…
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New Zealand’s tax authority has issued new proposals on taxation of crypto and is seeking public feedback on the issue. New Zealand’s tax authority has issued new proposals on the Goods and Services tax (GST)-related policy in regard to cryptocurrencies and is seeking public feedback on the issue. On Feb. 24, New Zealand’s Inland Revenue…
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The Internal Revenue Service classifies crypto as property and now wants to know whether or not you acquired any financial interest from cryptocurrency in the last year. When you file your taxes this year, the Internal Revenue Service will ask you a simple question: “At any time during 2019, did you receive, sell, send, exchange…
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A New Jersey lawmaker files a bill for new regulations in the virtual currency industry. The New Jersey state legislature is now considering a new bill that would require cryptocurrency businesses to obtain a proper license to operate. Assemblywoman Yvonne Lopez proposed the Digital Asset and Blockchain Technology Act on Feb. 20. The legislation would…
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