Cryptocurrency

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

(source: en.wikipedia.org)

Cryptocurrency
Today in Crypto: China Arrests 93 in $5.6B Crypto Money Laundering Case; Apple Removes Crypto...
September 26, 2022

Australia is set to complete its CBDC project in the middle of 2023, a new presentation said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Cryptocurrency
Report: IRS ‘Steps Up’ Work to Find Crypto Tax Evaders
September 26, 2022

The Internal Revenue Service (IRS) has reportedly “stepped up” its pursuit of taxpayers who haven’t reported and paid taxes on cryptocurrency transactions by getting a court order to gain access to a bank’s data relating to customers who used a digital currency broker. Get the...

Cryptocurrency
Veto of California Crypto Law Cold Comfort for State’s FinTech Sector
September 26, 2022

The cryptocurrency lobbying industry won another victory Friday (Sept. 23) when California’s governor vetoed a bill that would have created a crypto regulation framework it said would force smaller and startup FinTechs out of the state where a great deal of the technical talent and...

Cryptocurrency
Today in Crypto: Pentagon Hires Inca Digital to Research Crypto Risks; JPMorgan Lowers Coinbase Price...
September 25, 2022

The Defense Advanced Research Projects Agency (DARPA) has hired Inca Digital, a digital asset data and analytics provider, to look into cryptocurrency risks to national security. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Calif. Gov. Newsom Vetoes Crypto Licensing Bill
September 25, 2022

California Governor Gavin Newsom vetoed a bill Friday (Sept. 23) that would have required crypto financial services businesses to have a special license to operate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Russian Financial Regulators Explore Cross-Border Crypto Payments
September 25, 2022

Russian authorities are working on a way to use cryptocurrencies for settlements with other nations amid the sanctions related to the Russia-Ukraine war. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
High-Earning Millennials Most Likely to Use Crypto for Payments
September 25, 2022

Nearly one-third of consumers say they want to use cryptocurrency to make payments in the coming years, with higher earners and those who have difficulty living within their means leading the way. Get the Full Story Complete the form to unlock this article and enjoy...

Cryptocurrency
UK Government Eyes Crypto Opportunity With ‘Agile’ Legislation
September 25, 2022

Little has been heard from Rishi Sunak since losing the Tory leadership race to rival Liz Truss, now Prime Minister of the U.K., earlier this month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Fitch Says Bond Buy Won’t Lower El Salvador’s Default Risk
September 23, 2022

El Salvador has repurchased more than $500 million of its bonds at a huge discount, but that may not lessen its risk of a default at the beginning of 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...