IRS Official Says Agency is Concerned about Tax Issues Related to Crypto ATMS, Kiosks
Nov17

IRS Official Says Agency is Concerned about Tax Issues Related to Crypto ATMS, Kiosks

IRS Criminal Investigation Chief John Fort confirmed this week that his agency is now focused on investigating possible tax issues involving Bitcoin ATMs and cryptocurrency kiosks, Bloomberg Law reports. Fort revealed the agency’s interest in the machines during a recent blockchain conference in New York:

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Report: BRICS Business Council Discusses Joint Cryptocurrency and Payment System
Nov16

Report: BRICS Business Council Discusses Joint Cryptocurrency and Payment System

Members of the BRICS Business Council reportedly discussed the possibility of creating a joint cryptocurrency and a new international payment system, Russian financial media outlet RBC reported this week. The council apparently expressed support for the idea while meeting in Brazil at the annual BRICS Summit.

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Worldline Partners with Bitcoin Suisse to Provide Merchant Cryptocurrency Payments Services in Switzerland
Nov15

Worldline Partners with Bitcoin Suisse to Provide Merchant Cryptocurrency Payments Services in Switzerland

European payments service firm Worldline is partnering with Swiss cryptocurrency company Bitcoin Suisse to provide digital currency payment services to consumers and merchants in Switzerland. Bitcoin Suisse recently announced that the two companies have signed a letter of intent, which is designed to increase acceptance and adoption of digital currency across the country.

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Chinese Military Newspaper Proposes Rewarding Soldiers with Cryptocurrency
Nov14

Chinese Military Newspaper Proposes Rewarding Soldiers with Cryptocurrency

The Chinese People’s Liberation Army (PLA) newspaper, the PLA Daily, proposed this week that the military’s adoption of blockchain technology could enable it to reward soldiers with digital currency tokens, the South China Morning Post reports.

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In New Court Filing, Telegram Rejects SEC Claims, Asks Court to Dismiss Complaint
Nov13

In New Court Filing, Telegram Rejects SEC Claims, Asks Court to Dismiss Complaint

In a November 12 court filing, Messaging app service Telegram has asked the United States District Court for the Southern District of New York to dismiss the complaint filed against it by the U.S. Securities and Exchange Commission. The SEC’s complaint had enabled regulators to obtain an emergency injunction preventing Telegram from issuing its Gram token to investors, based on the commission’s determination that the tokens are securities.

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