Oki Matsumoto said a central bank digital currency would make it easier to convert cryptocurrency into legal tender.
The need to regulate global stablecoins like Libra doesn’t mean authorities can’t embrace innovation, according to according to a BIS working paper.
The South Korean congress is reportedly proposing to delay the commencement of a crypto income tax rule by three months to January 2022.
The post Korean lawmakers propose delaying crypto tax rule to January 2022 appeared first on The Block.
Instead of the troublesome 1099-K form, Coinbase will send the 1099-MISC to users of its interest-bearing products. Regular traders may not receive any forms at all.
Coinbase is discontinuing its margin program due to regulatory concerns.
The post Coinbase to discontinue margin trading services due to regulatory concerns appeared first on The Block.
Coinbase plans to suspend all margin trading contracts effective tomorrow, and will end the service entirely by next month.
Bitcoin trades above $19,000 as ether options volume on exchange Deribit spikes.
The Block’s Asia Editor Wolfie Zhao, and Accenture’s Managing Director, Jamie Solomon, co-moderated a panel discussion surrounding Hot and Cold asset storage in Asia Pacific.
The post The Hot vs Cold Storage Debate across Asia Pacific | Full Webinar appeared first on The Block.
A subsidiary of SBI Holdings said it’s launched a service allowing users to ‘lend’ bitcoin to the firm and earn an interest at the rate of 1% annually in return.
Quick Take
- Joe Biden is expected to nominate Janet Yellen as the next Secretary of the U.S. Treasury Department.
- It’s possible a U.S.-centric CBDC will move forward or launch during her tenure.
