Viewing bitcoin as an asset rather than as a currency also makes life easier from a regulatory perspective. “All of these regulations … they’re really regulations restraining your use of a digital asset as a currency rather than as a property,” Saylor said, adding that if you acknowledge that, it’s easy to see that the future of the industry is “quite bright.” Source link … [Read more...] about Michael Saylor Calls Bitcoin the World’s Reserve Asset but Not so Good for Buying a Cup of Coffee
Reserve
Crypto Could Destabilize Nations, Undermine Dollar’s Reserve Currency Status, Hillary Clinton Says
Clinton’s comments come in the wake of controversial crypto tax reporting requirement that was part of the $1 trillion bipartisan infrastructure bill signed into law by U.S. President Joe Biden on Monday. Per the bill, from 2023, brokers will need to disclose customers’ names, addresses, phone numbers, capital gains, and losses to the Internal Revenue Service. Entities … [Read more...] about Crypto Could Destabilize Nations, Undermine Dollar’s Reserve Currency Status, Hillary Clinton Says
Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America
One under the radar cryptocurrency-powered payment app that's been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also features the Reserve Rights token (RSR), which is … [Read more...] about Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America
Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets
“The committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the Fed’s monetary policy committee, known as the Federal Open Market Committee, or FOMC, said in the statement. Source link … [Read more...] about Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets
U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says
Speaking before the House Financial Services Committee, US Federal Reserve Chairman Jerome Powell, stated that the authority has no objective to ban cryptocurrencies. According to Powell, who responded to his earlier comments that cryptocurrencies could be replaced by a central bank digital currency (CBDC), the crypto market should be regulated in accordance with existing … [Read more...] about U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell says