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Trump Aims to Appoint Crypto-Supportive Officials to Key Federal Finance Positions

Donald Trump's upcoming administration would install crypto-supportive candidates in key federal finance positions to foster a more receptive inclination towards crypto in the United States. Notably, this aligns with the ultimate goal of elevating the country to the status of the "Crypto Capital of the planet," as reported by local media. In his second term…
November 12, 20240Comments

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IRS building with digital displays featuring Bitcoin and Ethereum, representing the 1099-DA form for digital asset reporting.
Markets

Understanding the IRS’s New 1099-DA Form: What It Means for Cryptocurrency Taxation

The Internal Revenue Service (IRS) has recently unveiled the first draft of the 1099-DA form, tailored specifically for digital asset transactions. This development is a significant step in the integration of digital assets into the regulatory framework of the financial system, reflecting their growing prevalence. As digital assets increasingly intersect with traditional finance, comprehending the…
April 27, 20240Comments

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News Technology

Pakistan Adopts Crypto Regulations, Plans Launch of Cryptocurrency by 2025

So far, Pakistan’s stance towards digital currencies has been quite harsh, granted that the country’s national bank and government often warned businesses, individuals, fintech firms, and banks to abstain from processing crypto-based payments, and offering digital currency-related services. Pakistan adopts new crypto regulation, following FATF recommendations However, things are slowly changing. Since digital currencies can…
April 12, 20190Comments

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