Remove cryptocurrency Remove Fintech Remove National Remove Taxes
article thumbnail

Becoming a “Bahama Mama” Crypto-Style: A Closer Look at The Digital Asset Landscape in The Bahamas

Perficient

Some of these online articles can be found here: OCC Provides Roadmap for National Banks and Savings Associations To Conduct Crypto Activities – Perficient Blogs. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. The Pros and Cons of a Potential U.S.

article thumbnail

Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

The legislation would also cover stablecoins that are “denominated in United States dollars or pegged to the United States dollar, or denominated in or pegged to another national or state currency.”. Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3 Casting a Wide Net .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

China Making Privacy Allowances As It Plans Digital Currency Launch

PYMNTS

The country is laying the groundwork to be the first nation to launch a digital currency and will balance privacy concerns with government oversight, Reuters reported. I think you will see it very soon, in the next maybe two to three months,” Lee told CNBC at the FinTech Festival on Monday (Nov 11).

Bitcoin 101
article thumbnail

Bitcoin Tracker: Bitcoin Black Friday

PYMNTS

As bitcoin stabilized in the wake of an election upset, the fervor formerly surrounding competitor cryptocurrency Zcash has all but faded. It’s set a due date for the report on clarifying the legal treatment of cryptocurrencies: the end of 2017. Until now, bitcoin was the only cryptocurrency available to use on the service.

Bitcoin 192
article thumbnail

Why Digital Assets Are Your Bank’s Future

South State Correspondent

While real estate, airplanes, boats, and automobiles have a transparent chain of title, that title and associated purchase information are stored in various forms in various counties and cities across the nation. Credit card networks like Visa, Mastercard, and American Express have created a whole layer of value by extracting this data.

article thumbnail

Blockchain Firms Flock To Switzerland’s ‘Crypto Valley’

PYMNTS

Zug is a small town near Zürich with only about 30,000 residents, yet it is impacting the FinTech world in a big way. He cited “Zug’s high quality of life, openness, pro-business mindset and favorable tax structure” as factors that make the city attractive to people from around the world.

article thumbnail

Governments Fuel Blockchain’s Global Proliferation

PYMNTS

The latest news from the country comes from its government: Chief FinTech Officer of the Monetary Authority of Singapore, Sopnendu Mohanty, said the central bank is about two years out from being able to assess the impact of its current blockchain project, Ubin. United States.