The US Treasury Department reiterated last week the Joe Biden government's intentions to apply new tax rules to cryptocurrency transactions and related activities.
Among the measures, “the illegalization of wash-trading and the imposition of a special tax on electricity costs for cryptominers” have…
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Treasury Department
Changpeng Zhao resigns as CEO of Binance
Binance CEO Changpeng Zhao agreed with the Treasury Department and the US Commodity Futures Trading Commission to resign and plead guilty to several crimes.
According to The Wall Street Journal, the agreement between the parties “includes…
The US will increase quarterly debt issuance after Fitch’s rating downgrade
The United States Department of the Treasury has announced that it plans to issue 103,000 million dollars (93,784 million euros) in long-term debt to repay the approximately 84,000 million dollars (85,590 million euros) in bonds maturing on…
OFAC authorizes limited transactions of US firms with PDVSA
The Government of the United States announced this Tuesday, through OFAC, the authorization of some transactions of four US firms with the state oil company Petróleos de Venezuela (PDVSA), prohibited since November 2018, while maintaining…
United States evaluates payment of taxes by NFT
The payment of taxes for collectibles, such as stamps, sooner rather than later will reach non-fungible tokens (NFT), according to the advances in this regard by the US Department of the Treasury and the Internal Revenue Service (IRS).
The…
US sanctions a cryptocurrency company
The United States Department of the Treasury announced for the first time sanctions against a cryptocurrency mixing company, accused in this case of serving to hide funds linked to the North Korean regime.
The firm in question, Blender,…
Biden analyzes the possible launch of the digital dollar
The president of the United States, Joe Biden, commissioned various agencies and federal agencies, including the Treasury and Trade Department, as well as the Federal Reserve of the United States, the assessment of risks and benefits, as…
US Treasury publishes study on NFTs
The US Department of the Treasury recently published an investigation highlighting the potential of non-fungible tokens (NFTs) for illicit money laundering and terrorist financing operations, among others.
The research, called "Study on…
Budget bill could include new demands on the crypto market
The upcoming US budget reconciliation bill could include additional requirements for cryptocurrency companies, following a request from the US Department of the Treasury to extend the scope of new rules designed to protect the market for…
Bitcoin and other critpos suffer sharp decline
The cryptocurrency bitcoin suffered a significant drop in the market this week, when it went from trading at $ 59,000 to $ 51,000 in less than an hour.
But this was not the only case, since other assets such as dogecoin and ethereum also…
US court protects Citgo from shares of PDVSA bondholders
Judge Katherine Polk Failla, of the Southern District of New York, ruled in favor of the suspension measure requested by the ad hoc administrative board of PDVSA, appointed by the Venezuelan Parliament, with an opposition majority.
In the…
Visa, MasterCard and American Express authorized to operate in Venezuela
According to the information released by the Treasury Department, the US authorized Visa, MasterCard, American Express, Western Union and Moneygram to continue operations with Venezuelan public banks such as Banco de Venezuela, Banco del…