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Crazy and Cruel: Why the US Should Tax Crypto As Currency So, begins T.S. Eliot's masterpiece The Waste Land. While the poet wasn't referring to the U.S. tax season, it fits. And there is something extraordinarily cruel, crazy even, in the IRS's approach to the tax treatment of virtual currencies. The blockchain has the power to promote the general welfare and ...
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Currency Markets Keep Wary Eye on Trade Troubles F oreign exchange markets trod water on Wednesday, with investors seemingly unable to make up their minds about any wider fallout from a Sino-US trade dispute, though the safe-haven Japanese yen gained versus the dollar. Those tensions have overshadowed a bounce in US stock markets and ...
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RBI looking to introduce central virtual currency, bans bitcoins Several central banks all over the world are debating the introduction of a fiat digital currency as opposed to the private digital tokens, which are growing in popularity, said the RBI. This currency will be issued by the central bank and constitutes the liability of the central bank. Digital currency, if issued, ...
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Most Asian currencies firm slightly as trade war fears recede Still, gains in Asian currencies were muted, reflecting lingering nervousness about the potential fallout for the region's trade-reliant economies. Nomura believes China's hi-tech parts suppliers such as Taiwan, Malaysia, South Korea and Singapore could be hit harder by U.S. trade measures than China ...
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