Cryptocurrency

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

UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
November 28, 2021  |  Taxes

U.K.-based crypto exchanges will now have to pay a new digital service tax after an update to the regulations for Her Majesty’s Revenue and Customs...

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Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose Millions in Taxes on Crypto Due to El Salvador Loophole
Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose...
November 28, 2021  |  Bitcoin

El Salvador’s move to make bitcoin a legal tender could end up causing problems at tax time elsewhere in the world, a report from The...

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The Top 5 Digital Payments Trends We’re Most Thankful For
The Top 5 Digital Payments Trends We’re Most Thankful For
November 25, 2021  |  Digital Payments

In a year that’s seen PYMNTS readers stuffing themselves with news about the ongoing digital shift, while also enjoying a hefty helping of connected economy...

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Metaverse Pilgrims Tear a Page From the Mayflower Playbook to Make It in the New World
Metaverse Pilgrims Tear a Page From the Mayflower Playbook to Make It in the New...
November 25, 2021  |  Commentary

On Thanksgiving, many people in the U.S. are reminded of 17th century pilgrims who left “the old world” and ventured to an unknown “new world”...

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Japan Has a Private and Public Digital Yen in the Works, But Will Cash-Friendly Consumers Go Along?
Japan Has a Private and Public Digital Yen in the Works, But Will Cash-Friendly Consumers...
November 24, 2021  |  CBDC

Two of the most prevalent and fastest-growing ways of making cashless, digital payments are via scannable QR codes and tap-your-card NFC readers. Both were invented...

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Coinbase Buys BRD Crypto Wallet Firm to Accelerate Web3 Adoption
Coinbase Buys BRD Crypto Wallet Firm to Accelerate Web3 Adoption
November 24, 2021  |  Acquisitions

Crypto wallet startup BRD has been bought by Coinbase, according to a BRD blog post Wednesday (Nov. 24), which co-founders Adam Traidman and Aaron Voisine...

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Avocado Guild Lands $18M to Expand Play-to-Earn Gaming Operations
Avocado Guild Lands $18M to Expand Play-to-Earn Gaming Operations
November 24, 2021  |  Cryptocurrency

Play-to-earn (P2E) company Avocado Guild has raised $18 million in a Series A funding round to go toward expanding its gaming services, a Wednesday (Nov....

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Payments App KurePay to Suspend Services in Nigeria Next Year Amid Crypto Crackdown
Payments App KurePay to Suspend Services in Nigeria Next Year Amid Crypto Crackdown
November 24, 2021  |  Cryptocurrency

KurePay, the Nigerian payments app, is reported to be suspending its services in the country over crypto exchange crackdowns, a report says. Get the Full...

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What Senate Banking Committee Chair Sherrod Brown Should Be Asking Tether
What Senate Banking Committee Chair Sherrod Brown Should Be Asking Tether
November 24, 2021  |  Cryptocurrency

The chairman of the Senate Banking Committee sent the issuers of a half-dozen stablecoins letters Wednesday (Nov. 24), demanding they explain how their tokens are...

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