Bahamas to Allow Citizens to Pay Taxes With Digital Assets

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The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

Residents of the archipelago nation the Bahamas may soon be able to ues digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes. In a white paper released on Wednesday on the future of digital assets, the Bahamas’ Office of the Prime Minister said the government will begin to […]

FCA veteran becomes interim head of financial regulator’s digital assets unit

Victoria McLoughlin, who has worked more than11 years at the Financial Conduct Authority, is temporarily heading the digital assets department of the United Kingdom’s financial watchdog. According to a Tuesday post on LinkedIn, McLoughlin assumed the position of interim head of the department of the regulator’s digital assets unit in April after serving as supervision […]

U.K. Regulator FCA Names Interim Head for Digital Assets Unit

McLoughlin started her new position earlier this month, her profile shows. For the past two years she has been the financial-services regulator’s supervision manager of crypto assets and digital markets. Prior to a one-year break, she had been at the FCA for more than nine years. Source link

BlockApps Raises $41M to Bring More Real Assets to Its Blockchain

“[BlockApps is] solving some of the world’s biggest challenges and causing industries to re-think what’s possible with blockchain technology – especially when it comes to navigating the complexities of today’s sustainability challenges and supply chain issues,” said Murtaza Akbar, founding partner at Liberty City Ventures, in the press release. Source link

Ethereum Foundation treasury expands non-crypto assets to 19%

The Ethereum Foundation (EF) has released a report detailing how its $1.6 billion treasury consists mostly of Ether (ETH), but with a surprising 18.8% in non-crypto assets. In total, the EF non-profit organization which manages the funds for Ethereum developments holds about 0.3% of the current total ETH supply, amounting to roughly $1.3 billion which […]

How digital assets make a difference amid a war

The ongoing conflict in Ukraine has become a stress test for crypto in many tangible ways. Digital assets have emerged as an effective means of directly supporting humanitarian efforts, and the crypto industry, despite enormous pressure, has largely proved itself a mature community — one ready to comply with international policies without compromising the core […]

Russia to regulate digital assets as currency, McDonald’s eyes the metaverse, YouTube to adopt NFTs and XRP pumps 30%: Hodler’s Digest, Feb. 6-12

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Russian government and central bank agree to treat Bitcoin as […]

Fed Officials Discussed Shrinking Assets by Up to $95B a Month

With the release of the minutes this month, the Fed is laying the groundwork for its upcoming meeting on May 4-5, signaling traders what to expect in the coming months, which is why the impact of the central bank’s decisions can already be seen now. Source link

DeFi can breathe new life into traditional assets

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. Traditional finance experts are warming up to the idea of crypto, but outlandish headlines of record-breaking hacks and overhyped projects […]