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Recent Posts

Crypto-related transactions above $10,000 must be reported to IRS – US Treasury

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The US Treasury Department has moved to impose tighter regulations on cryptocurrency-transactions – claiming that they present tax evasion risks. “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” a statement from the Treasury contained. Rumors have been circulating for a while about the …

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Former Russian PM: State-Backed digital currency will gain more trust

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Former Russian President and Prime Minister, Dmitry Medvedev, has expressed his opinion on state-backed digital currency. Medvedev believes that cryptocurrencies and central bank currencies (CBDCs) will gain people’s trust more. While speaking at the Saint Petersburg International Legal Forum, Dmitry Medvedev said “It’s time to recognize their importance,” (referring to …

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