According to a supplement to the 2024 annual budget, Canada expects to apply the international Crypto-Asset Reporting Framework (CARF) for taxation by 2026. The country is getting an early start on the new standard, which is expected to be observed by 47 countries by 2027.
The Central African Republic has officially become the second country to adopt Bitcoin (BTC) as legal tender.
During the release, the team of analysts from PwC revealed that a majority of central bank institutions are planning to launch a Central Bank Digital Currency (CBDC) to reap the benefits of the burgeoning digital economy.
According to the details shared by the Bank of England, the twelve-month research project will explore potential challenges, opportunities, and risks associated with the designing of a central bank digital currency system. For the research, BOE will work with the Digital Currency Initiative (DCI) team in the Media Lab of the Massachusetts Institute of Technology.
U.S. President Joe Biden directed federal agencies to coordinate their efforts at drafting cryptocurrency regulations in a first-of-its-kind executive order on Wednesday, March 9.
The Central Bank of Jordan (CBJ) has revealed that it is researching the issuance of a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing.
Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of virtual digital assets, a first for the nation.
A Thursday announcement by Yolande Piazza, Google Cloud's vice president of Financial Services, said the firm has established a Google Cloud Digital Assets Team that will assist clients in creating, trading, storing value and launching new products on blockchain-based platforms. The blog reads;
