Economy
Economy
Hungary may cut cryptocurrency taxes in half — from 30.5% to 15%. In a Facebook video published today, Hungary's Minister of Finance Mihály Varga addressed plans for the country's economic recovery, which included the consideration of updated taxation around cryptocurrencies. At the moment, income from cryptocurrency
Bank of England Governor Andrew Bailey reiterated his views that cryptocurrencies "have no intrinsic value" and their holders should "be prepared to lose all [their] money." At a press conference on Thursday, Bailey was quoted saying, “they have no intrinsic value. That doesn’t mean to
El Salvador has big plans for Bitcoin: the Central American country seeks to become the first to declare Bitcoin legal tender and pave the way for wider adoption of Bitcoin among its population of 6.5 million. The efforts are led by Nayib Bukele, a Salvadorian businessman and the country&
News - Economy - Jun 05, 2021El Salvador has big plans for Bitcoin: the Central American country seeks to become the first to declare Bitcoin legal tender and pave the way for wider adoption of Bitcoin among its population of 6.5 million. The efforts are led by Nayib Bukele, a Salvadorian businessman and the country&
News - Economy - Jun 05, 2021Hungary may cut cryptocurrency taxes in half — from 30.5% to 15%. In a Facebook video published today, Hungary's Minister of Finance Mihály Varga addressed plans for the country's economic recovery, which included the consideration of updated taxation around cryptocurrencies. At the moment, income from cryptocurrency
News - Economy - May 11, 2021Bank of England Governor Andrew Bailey reiterated his views that cryptocurrencies "have no intrinsic value" and their holders should "be prepared to lose all [their] money." At a press conference on Thursday, Bailey was quoted saying, “they have no intrinsic value. That doesn’t mean to
News - Economy - May 08, 2021Kazakhstan's central bank is considering the issuance of a central bank digital currency (CBDC). A report published by the National Bank of Kazakhstan on Wednesday outlines plans to launch a pilot project for a digital tenge. The pilot would see a two-tier structure, with the National Bank as
News - Economy - May 06, 2021Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for
News - Economy - Mar 24, 2021The public needs to understand the risks associated with Bitcoin, according to Federal Reserve Chair Jerome Powell. During a webinar hosted by the Bank of International Settlements (BIS) on Monday, Powell said the Fed prefers to refer to cryptocurrencies as "crypto assets" rather than currencies, as their volatility
News - Economy - Mar 22, 2021An official from the Central Bank of the Russian Federation announced that the institution plans to develop a prototype of a digital ruble and test it by the end of 2022. Russian news outlet Prime reported on March 10 that Deputy Chairman of the Central Bank Alexei Zabotkin announced at
Feature - Technology - Mar 11, 2021Donner & Reuschel, a private bank in Germany founded in 1798, is planning to launch crypto asset services. Finance Magnates reported on March 9 that Donner & Reuschel announced plans to launch a suite of crypto asset services, including bitcoin trading, digital asset custody, and asset tokenization. The bank reportedly
News - Business - Mar 09, 2021