Crypto and Fed digital dollar can coexist, says Fed Chair Jerome Powell
Powell says nothing would prevent a well-regulated stablecoin from coexisting with a US CBDC. He also revealed that a much-awaited report on cryptocurrencies was ready...
IMF wants El Salvador to drop Bitcoin as legal tender
El Salvador adopted Bitcoin as legal tender in September 2021 and wants to build a ‘Bitcoin city’. The IMF says the cryptocurrency poses threats to...
Russia banning crypto could have an opposite effect, former president Medvedev warns
Medvedev is a former Russian president and prime minister and currently the Deputy Chair of the Security Country. Russia’s intention to ban cryptocurrencies has elicited...
India to impose 30% tax on crypto income, CBDC in 2022-2023
The 30% tax is the highest income tax bracket in India India will also launch its digital rupee in the financial year 2022-2023, the Finance...
Treasury official calls for “urgent” stablecoin legislation from US Congress
Stablecoin regulation is one of the key issues in the President’s Working Group on crypto. US Treasury Undersecretary for Domestic Finance has said there is...