Facebook

Representatives of the People’s Bank of China (PBoC) confirmed their intention to speed up the development of their own digital currency, which, as experts suggest, is likely to replace traditional paper banknotes. This writes the AMBCrypto, citing the statement of the Central Bank of China on August 2. Also, China’s financial regulator noted that it will track the latest trends in the development of virtual currencies – like […]

On July 29, Joel Cohen, a judge at the New York State Supreme Court, decided not to make a final decision in the case of the State Attorney’s Office (NYAG) against the Bitfinex exchange. This means that at least one more meeting will take place, and the court will continue to consider the case for the next 90 days, reports The Block. So, in April, the prosecutor's office has made prescriptions against companies Bitfinex and Tether, […]

According to Forbes, the United States Revenue Service (IRS) sent letters to more than 10 thousand investors with the requirement to report income from operations with cryptocurrency. Lawyer Tyson Cross, who specializes in cryptocurrency taxation, said that several of his clients had recently received letters on the 6174-A form. In them, the IRS warns of possible future law enforcement actions “civil or criminal […]

Facebook CEO Mark Zuckerberg said that the world's largest social network does not abandon plans to launch a digital currency, Libra, and will spend "as much time as it takes" to win over regulators and other interested parties. Zuckerberg made a corresponding statement this week during a conference call with investors on Facebook, during which he tried to reassure […]