Cryptocurrency

Cryptocurrency
White House Budget Projects $11B in New Crypto Taxes, Calls for Enforcement Funding
March 29, 2022

Hot on the heels of an executive order tasking federal agencies to collaborate on a coherent crypto strategy, the Biden Administration has issued a proposed budget that anticipates taxes on digital assets will need to rise by $5 billion this year — and by up...

Cryptocurrency
DeFi Advocates Blast Proposed SEC Rule Change as Crippling ‘Shadow Attack’
March 29, 2022

The Securities and Exchange Commission (SEC) is making a “shadow attack” that is designed to kill decentralized finance, according to several prominent attorneys in the cryptocurrency industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Financial Firms Bring Inside Perspective to Crypto-as-a-Service
March 29, 2022

As cryptocurrency digs deeper into the mainstream, more and more companies find their customers are asking about it. 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...

Cryptocurrency
Today in Crypto: Sudan Central Bank Warns of Crypto Risk; Bitcoin Rally Excites Bulls
March 28, 2022

The Central Bank of Sudan has warned against citizens using cryptocurrencies due to the tokens supposed risks, especially as Sudan’s economy suffers, Coindesk reported Monday (March 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
As KYC Comes to Crypto, Mainstream Financial Services Have a Chance to Cut Exchanges Out
March 28, 2022

Top cryptocurrency exchange Coinbase told customers in Canada, Japan and Singapore sending crypto to another digital wallet or exchange to provide the name and address of the recipient. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cryptocurrency
Crypto Payments Firm Wirex Withdraws from FCA Registry
March 28, 2022

Wirex, the London-based cryptocurrency exchange platform, has withdrawn its application for a license from the United Kingdom’s Financial Conduct Authority (FCA), CoinDesk.com reported Monday (March 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
With Routing Number, Crypto Exchange Kraken’s Bank Closing in On Global Payments Rails
March 28, 2022

The banking arm of cryptocurrency exchange Kraken is one step closer to gaining full access to the global payments system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cryptocurrency
Yellen Changes Tune on Crypto, Moves Dial on Regulatory Debate
March 28, 2022

Cryptocurrencies are now playing a significant role in America’s financial decision making, Treasury Secretary Janet Yellen said in an interview Friday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
North Korea Uses Hacking Groups to Steal Crypto Assets
March 28, 2022

A global cybersecurity firm reports the North Korean regime is filling its coffers with cash from government-sponsored hacking groups who perform crypto thefts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...