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Instagram’s NFT Feature Now Available 100 More Countries; Coinbase, Dapper & Flow Wallets Added

Facebook, now Meta, was one of the first large technology companies to support and enforce crypto, although its previous attempts of introducing the Libra cryptocurrency ended in failure, today, Facebook-owned Instagram has announced the rollout of anNFT feature to over 100 more countries.   Facebook has historically faced a great deal of criticism for the way they…

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Know-Your-Customer Regulations Are Stirring Fierce Debate Within The Blockchain Space

Cryptocurrency is rapidly moving into the mainstream financial space, and many of the largest crypto exchanges are seeking greater legitimacy and trust from regulators and politicians. Increasingly, these exchanges are enacting know-your-customer (KYC) protocols on their platforms, ostensibly to please these leaders. This move is fueling a heated debate among crypto advocates over the future…

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IRS Proposes to Backdate Tax Payments of Digital Currencies

The Internal Revenue Service (IRS) has sent communication to several market participants discussing backdated tax settlements in the digital asset trade. The IRS posted on its website that investors' federal returns differ from the information provided by cryptocurrency exchanges. As such, the agency is seeking traders' contribution on amended tax returns using profits from digital…

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Crypto Chaos Happening in India As Central Bank Continues Policy of Opposition

Cryptocurrency adoption in India continues to accelerate, yet the nation’s central bank, the Reserve Bank of India (RBI), is holding firm on its stance against it. Recently the RBI issued a “Regulatory Sandbox” of promising fintech developments that it considers worthy of testing and exploration. The document expressly puts cryptocurrencies on a “negative list” of…

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Crypto Related Business Continue to Experience Difficulty Acquiring Banking Services

Crypto-related businesses continue to emerge across the globe, with entrepreneurs seeking to capitalize on the enormous development of the blockchain space. Despite their potential for success, access to banking and professional financial services remains one of the greatest challenges faced by these upstart companies. Most banks continue to be wary of working with cryptocurrency startups,…

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