“Last week, the United States Internal Revenue Service sent another round of letters to crypto traders called CP2000. These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports.”
Tether is to stablecoins what Bitcoin is to altcoins, but whereas bitcoin’s dominance stands at 62%, Tether is capturing 98% of all stablecoin volume, despite the numerous, and some say more trustworthy, alternatives.
Binance Charity Foundation has introduced Pink Care Token, a blockchain-powered stablecoin pegged to one year’s supply of sanitary pads, “empowering women in underdeveloped countries to improve overall health and well-being.”
On Aug. 16, the BaFin published a leaflet for issuers of crypto tokens that summarized current German legal standards in the field. By condensing active regulations in such a fashion, the BaFin reportedly hopes to encourage compliance among a new wave of ICOs.
Posted from Diigo
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The Kiffmeister is a former Senior Financial Sector Expert at the International Monetary Fund.
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