The governor of the US state of Colorado confirmed that local residents have the opportunity to pay taxes and state fees using cryptocurrencies. This idea was first proposed by Jared Polis in May 2021. At the beginning of the year, the governor promised that Colorado residents would be able to pay taxes in cryptocurrencies from […]
Sarah
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
Coinbase and Ethereum Name Service launch human-readable name service
Cryptocurrency exchange Coinbase has announced that, together with the Ethereum Name Service (ENS), it will provide its customers with human-readable names instead of long crypto wallet addresses. The American trading platform announced that with the help of the Coinbase Wallet browser extension, users will be able to request a new “name.cb.id” address and use it […]
The US House of Representatives Committee supported the development of the state digital currency
The U.S. House of Representatives Financial Services Committee, fearing the growing influence of the digital yuan, voted to develop an American digital dollar. According to members of the Committee, China’s state digital currency could threaten the US dollar and the country’s national security, jeopardizing the ability to exert sanctions pressure. Republican Congressman French Hill of […]
US Court Orders Tether to Provide Data on US Dollar Reserves
The issuer of the USDT stablecoin will be required to provide documents to determine the actual reserves in US dollars, including statements from banks and other institutions. Also, the list of materials requested by the court includes accounting and management reporting data: accounting books, balance sheets, income statements, cash flow statements, profit and loss statements. […]
The US Treasury proposed to add cryptocurrency mixers to the sanctions list
The U.S. House of Representatives approved a bill banning the use of crypto assets to circumvent sanctions. The Ministry of Finance proposed to blacklist cryptocurrency mixers. The bill was supported by 316 legislators, only 69 people opposed. The bill would require the State Department to notify Congress of any rewards in cryptocurrencies for providing information […]
C Ventures creates a $200 million fund to invest in crypto assets
A venture capital firm owned by Hong Kong billionaire Adrian Chen has announced that it has raised funds. According to Bloomberg sources, in addition to $200 million for the cryptocurrency fund, C Ventures is raising another $300 million. The funds will be used for direct investments and lending over the next 18 months. The company […]
Media: Indonesian crypto exchanges will be banned from reinvesting user funds
Indonesia is developing a set of rules for national cryptocurrency exchanges to root out foreign ownership and stop the reinvestment of user funds. According to local media reports, the Indonesian government is seeking to limit foreign ownership of cryptocurrency exchanges by introducing a new rule requiring 66% of board members and directors of companies to […]
Indian authorities will report their position on cryptocurrencies to FATF in 2023
The Government of India is taking its position on cryptocurrencies to report to the Financial Action Task Force (FATF) next year. The FATF peer review system includes detailed reports from countries through which experts analyze the implementation and effectiveness of measures to combat money laundering and terrorist financing. The Ministry of Economy of the country […]
Brazil Court Orders Founder of GAS Consultoria to Return $3.7 Billion to Fraud Victims
According to a federal court ruling in Rio de Janeiro, the founder of GAS Consultoria, suspected of crypto fraud, must return almost $3.7 billion to more than 122,000 investors. Glaidson Acácio dos Santos, a former Christian Democrat candidate, is accused of having links to a pyramid scheme with his company GAS Consultoria. Dos Santos must […]
Binance exchange will open two offices in Brazil
Cryptocurrency exchange Binance has announced plans to expand in Latin America, which will open two offices in Brazil and consider issuing a debit card for the region. The two new offices in Rio de Janeiro and Sao Paulo will be a co-working space that can accommodate all 150 employees of the exchange. Note that at […]
