Kiffmeister’s #Fintech Daily Digest (08/14/2021)*

Treasury Seeks to Quell Fears Crypto Tax Rules Are Overly Broad

According to Bloomberg News “the U.S. Treasury Department is set to clarify that only cryptocurrency companies it considers brokers will need to comply with proposed internal revenue service (IRS) reporting requirements, aiming to quell concerns over a provision in the bipartisan infrastructure bill passed by the Senate.”

Cardano’s Alonzo Upgrade Date Revealed

The Cardano “Alonzo” upgrade will reportedly launch on September 12, adding smart contracts via a hard fork combinator (HFC) event… The upgrade will bolster its handling of tokenization and non-fungible token ideas, and it will enable Cardano to leverage ERC20 tokens deriving from Ethereum. 

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