IRS begins tax clampdown on unreported cryptocurrency profits

admin

Into cryptocurrency trading? The IRS is onto you If you’ve been trading but not declaring, the tax service might be on your case.Cryptocurrency investors in the United States are receiving letters from the Internal Revenue Service (IRS) which are proposing backdated tax payments relating to the trade of virtual assets. As reported by Bloomberg ,…

The Fed Is Shaking Up the Bank Industry’s Payment System

admin

The Federal Reserve is planning a big change to bank-to-bank payments.Matthew Frankel, CFP Sep 17, 2019 at 5:01PM The Federal Reserve recently announced its plan to develop a new payment and settlement service, known as FedNow, which would allow for real-time payment processing by banks, even at night and on weekends.Many say that this move…

Libra’s likely volatility may limit scope to raise financial inclusion | The Africa Report.com

admin

Libra’s likely volatility may limit scope to raise financial inclusion By David Whitehouse Posted on Monday, 16 September 2019 15:24 The Libra crypto-currency aims to widen financial inclusion REUTERS/Dado Ruvic According to Professor Bitange Ndemo, chairman of Kenya’s Blockchain and Artificial Intelligence Taskforce, Kenyans will be among the fastest adopters of Facebook’s Libra cryptocurrency. The…

French and Riviera News Friday 13th September 2019

admin

French Riviera local news Local Swimming ban – The beaches of Ponteil and Salis in Antibes have been closed to swimmers due to pollution.The ban was put in place on Thursday and will remain until midnight tonight.The Mayor of Antibes introduced the ban following tests which were carried out on the 10th September. Prostitute on…

PayPal cautious about future of Libra cryptocurrency | Sci-Tech | thenews.com.pk |

admin

Listen PayPal cautious about future of Libra cryptocurrency PayPal is cautious about the future of Facebook-backed cryptocurrency Libra , which is slated to debut with the pioneering digital payments firm as part of its oversight association. International outcry is mounting over Libra — with central banks, governments and regulators railing against Facebook’s upstart cryptocurrency and…

Subscribe US Now