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Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRS

Biden Vows to Veto House Republicans’ ‘Fair Tax Act’ Proposing Elimination of IRSSeveral U.S. House of Representatives Republicans have proposed legislation that would significantly decrease funding for the Internal Revenue Service (IRS). The move comes after the newly elected Speaker, Kevin McCarthy, stated that he would challenge the funding granted to the U.S. tax agency in the previous year. Biden Administration Opposes Bill for Rescinding Funding for […]

LayerZero tackles sybil activity with self-reporting mechanism

Crypto Users and Exchanges Must Now Report Transactions in Colombia

Crypto Users and Exchanges Must Now Report Transactions in ColombiaThe Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported via an online reporting system, and exchanges will be required to issue periodic reports of suspicious transactions made by users. Colombia Tightens AML Controls New […]

LayerZero tackles sybil activity with self-reporting mechanism

UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions

UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global TransactionsThe chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users and, hypothetically, to control and filter global transactions. UK Worried […]

LayerZero tackles sybil activity with self-reporting mechanism

Poll: 3 Out of 4 Russian Investors Would Rather Buy Cryptocurrency Than Gold or Fiat

Poll: 3 Out of 4 Russian Investors Would Rather Buy Cryptocurrency Than Gold or FiatAn overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established. Even among those who have never traded digital assets, most already think of buying crypto in the near future. Crypto Is the Promising Opportunity for Russian Investors National currencies are […]

LayerZero tackles sybil activity with self-reporting mechanism