China Makes Asian Digital Currency Proposal to Fight Dollar Hegemony
Researchers from the Chinese State Institute have put forward the idea of a pan-Asian digital currency to reduce the dependence of the region’s economies on the US dollar.
US Congressmen Want to Include Cryptos in Cybersecurity Law
Senators Cynthia Lummis and Marsha Blackburn have drafted amendments to the Cybersecurity Act of 2015 and have proposed to include cryptocurrency.
Fed Head: The Decision to Launch a Digital Dollar Has Not Yet Been Made
Jerome Powell, head of the The Fed, has said that the regulator has not yet made a decision to launch a CBDC in the US.
LBRY CEO: The SEC Wants to Undermine the Industry
The US Securities and Exchange Commission (SEC) has clearly demonstrated it intends to “damage or destroy the cryptocurrency industry in the United States.”
The IRS Will Investigate Crypto Users Evading Taxes
The US Internal Revenue Service (IRS) will send out invitations to appear at the department to users who do not report and do not pay tax on crypto transactions.
US State of Colorado Allows Residents to Pay Taxes with Cryptos
The Colorado Department of Revenue has allowed the state residents to make tax payments in cryptocurrencies.
“The US Needs to Launch a CBDC to Compete with China”
China’s efforts to work on a digital yuan could negatively impact the US economy.
