Tag: Plans

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 […]

Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations

Finland’s Regulatory Watchdog Plans to Supervise Localbitcoins Operations On Monday, the Helsinki-based peer-to-peer crypto exchange Localbitcoins announced it is adding several different identification processes in order to improve AML and KYC requirements. The move to bolster the new customer verification procedure follows Finland’s Financial Supervisory Authority (FSA) mandating supervision over […]

Coinbase Noncustodial Wallet Adds BTC Support and Plans to Add More Assets

Coinbase Noncustodial Wallet Adds BTC Support and Plans to Add More Assets Coinbase has announced support for bitcoin core (BTC) in the company’s noncustodial wallet. The wallet was originally originally dedicated to ethereum (ETH), ethereum classic (ETC), ERC721 and ERC20 tokens. The San Francisco based company plans to add more currencies […]

Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks […]