Media outlets claim that bitcoin (BTC) adoption has been a damp squib thus far in El Salvador – and have bemoaned the fact that the government has failed to produce any explanation of how it has spent the money it has forked out on token purchases…. Read More: Lack of Transparency Blighting El Salvador’s…
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The Russian State Duma approved a bill on crypto taxation in early 2021 but the bill has yet to move any further. The Russian Federal Taxation Service (FNS) is actively monitoring the cryptocurrency market to prevent tax evasion, FNS head Daniil Egorov said. Cryptocurrencies can potentially cause “significant erosion” to Russia’s tax base, Egorov argued…
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US Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw identified two specific structural problems that the decentralized finance (DeFi) industry needs to address: a lack of transparency and pseudonymity…. Read More: DeFi Industry Must Tackle Lack Of Transparency, Pseudonymity: SEC Commissioner Read more »Pay, Trade, Buy Bitcoin with Credit Card
The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points the country encountered while applying its bitcoin strategy,…
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It’s time to give control over personal data in megadatabases managed by a handful of corporations and governments back to the people. The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy.…
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S&P Dow Jones Indices introduces three crypto indices to bring transparency to the emerging cryptocurrency market. S&P Dow Jones Indices, a major global resource for index-based data and research, has introduced its first cryptocurrency indices amid a renewed surge on crypto markets. The company announced Monday that it launched three crypto indices tied to the performance…
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Blockchain technology implemented in the media industry will help to prevent fake news from spreading. Fact-checking agencies are in charge of verifying facts and claims in the news that may be distorted in the process of rewriting or for any political purposes. The news text may consist of truthful information written in a neutral format…
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Crypto is often seen as trustless and failproof. But as more regulation, venues and developers come aboard, just how trustless is it really? Blockchain technology is great because it cuts out the middleman, removes the need to trust third parties, and gives users full agency over their finances, or true ownership of their wealth. From…
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Blockchain can reportedly return billions of dollars back to Kenya’s budget. Blockchain technology can help countries like Kenya from losing billions of dollars to corruption, according to an official at the United Nations’ drugs and crime agency. David Robinson, the regional anti-corruption advisor at the UN’s Office on Drugs and Crime, believes that new technologies…
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Disclosure best practices need to be adopted as their lack is holding the industry back. Some people predicted that crypto assets were going to be a fad that would quickly come and go. But in just a short time, we’ve seen crypto assets become the focus of new innovation. Cryptocurrencies have offered value exchange, the…
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