digital currency

Digital currency is a type of currency available in digital form. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency.

Source: en.wikipedia.org

Report: IRS ‘Steps Up’ Work to Find Crypto Tax Evaders

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

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...

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US Not Hurried on Digital Dollar as ECB Targets Tech Infrastructure
US Not Hurried on Digital Dollar as ECB Targets Tech Infrastructure
September 26, 2022  |  CBDC

Negotiations on a stablecoin regulatory bill last week indicated that the congressional sense of urgency on a U.S. central bank digital currency (CBDC) isn’t very...

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3 Reasons a Digital Dollar Is Still a Long Way Off
3 Reasons a Digital Dollar Is Still a Long Way Off
September 26, 2022  |  CBDC

It probably isn’t a coincidence that Bank of America’s cryptocurrency team stomped on the brakes regarding its prediction of a digital dollar as soon as...

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Bank of America Says Digital Dollar Complexity Delays Timeline
Bank of America Says Digital Dollar Complexity Delays Timeline
September 23, 2022  |  CBDC

Bank of America strategists are revising an earlier prediction that the U.S. would issue a digital dollar by the end of the decade. Get the...

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FV Bank Rolls Out Circle Integration
FV Bank Rolls Out Circle Integration
September 21, 2022  |  Banking

Puerto Rico’s FV Bank has launched a service for account holders that lets them instantly convert Circle’s USD Coin into U.S. dollars upon deposit. Get...

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Smart Crypto Policy Can Protect Dollar’s Dominance, Experts Tell House Panel
Smart Crypto Policy Can Protect Dollar’s Dominance, Experts Tell House Panel
September 21, 2022  |  Regulation

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Wall Street Giants’ EDXM Exchange Could Lift Crypto Industry, Lower Prices
Wall Street Giants’ EDXM Exchange Could Lift Crypto Industry, Lower Prices
September 20, 2022  |  Cryptocurrency

While the news that a half-dozen top financial firms are creating a new cryptocurrency exchange has been lauded for what it says about their faith...

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JPMorgan: Desire Waning for Crypto as Payment Method
JPMorgan: Desire Waning for Crypto as Payment Method
September 20, 2022  |  Cryptocurrency

Demand for using cryptocurrencies as a payments method is falling off as the market has shed an estimated $2 trillion in value in under a...

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Today in the Connected Economy: Instacart Unveils ‘Connected Store’ Concept
Today in the Connected Economy: Instacart Unveils ‘Connected Store’ Concept
September 19, 2022  |  Connected Economy

Today in the connected economy, Instacart debuts a bundle of next modular technologies, dubbed “Connected Stores” and designed to combine the best of online and...

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