Tag: Currency

US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat

US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat The world’s major central banks are waging war to determine who can make their respective fiat currency weaker. With the likelihood of even more money printing and negative interest rates ahead, people need to be ready to see […]

Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status

Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most […]

‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the […]

Africa’s Interest in Bitcoin Remains High as 15 States Plan to Adopt the ‘Eco’ Currency

Africa’s Interest in Bitcoin Remains High as 15 States Plan to Adopt the ‘Eco’ Currency By 2020, a large group of West African countries plan to adopt a single fiat currency called the eco. After a meeting in Abuja held on June 29 between the 15 member-country regional bloc, the […]

8 Irate Quotes From Officials Who Hate Facebook’s Digital Currency

8 Irate Quotes From Officials Who Hate Facebook’s Digital Currency The best thing about Facebook’s proposed digital currency isn’t its BTF consensus algorithm, account-based data model or single Merkle tree structure. No, the greatest thing about Libra has to be the triggered reactions from politicians and bankers who can sense […]

IRS Plans to Issue Guidance on Virtual Currency Taxation

IRS Plans to Issue Guidance on Virtual Currency Taxation Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official […]