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Since launching its digital currency initiative over five years ago, the People’s Bank of China (PBoC) — China’s central bank — has kept its mouth shut on the matter. The outside world only knew of China’s intentions due to leaks and off-hand comments made here and there. Hence, there has been much..
One of the most common critiques of Bitcoin is that the cryptocurrency is unusable as a currency. While this isn’t a popular sentiment to float online, this argument recently gained traction with David Marcus, Facebook’s blockchain lead, revealing that he isn’t a fan of Bitcoin as a currency.Bitc..
Ever since Bitcoin was birthed, its early adopters have dreamed of a world where cryptocurrency is the go-to medium of exchange, not fiat currencies. But, ten years since Bitcoin was released, this dream has not been had. Cryptocurrency pundits on Twitter estimate that less than 1% of the world’s p..
The demand for bitcoin has certainly been tangible over the past few months. Even with a correction of around 30% the digital asset is still up over 160% this year. That growth could have been spurred by central banks devaluing their own currencies as economic skies darken. Big Banks Boosting Bitco..
Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. Ind..
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 countries levy on the sales of goods and services. Georgia has become the latest nation ..