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NY Creates Cryptocurrency Task Force

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A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

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It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. .

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Direct Listings And SPACS, Change The Face of Public Offerings

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Securities and Exchange Commission approved a plan by the New York Stock Exchange to approve “direct” listings by companies, which let companies come to market without the underwriters (typically) large banks that charge hefty fees to bring the deals to the Street and reach institutional and retail investors.

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Deep Dive: Why State And Local Agencies In The US Still Struggle With Instant Payments

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Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. Payment Challenges Stall Government Innovations . One problem when implementing new payment software or systems is that other departments may lag in similar efforts. Forty-four out of the 50 U.S.

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Bitcoin Daily: Samsung SDS Tests Blockchain Health Claims; Bermuda To Accept Digital Currencies; CIMB Singapore Does Blockchain Trade Financing

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In other news, Bermuda will now accept one-to-one U.S. dollar-backed digital currencies for the payment of government taxes, fees and services. We know that embracing new technology is necessary for the future growth of our economy, and so, in Bermuda, we are making sure that we are leading the world in facilitating innovation. “We

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Bitcoin Daily: Malaysia Will Start Regulating ICOs, Russia May Invest In Bitcoin To Take On Sanctions

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Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. With the order, exchanges and offerings for tokens would need the SC’s approval.

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Employee Or Contractor? California Freight Enters The Worker Classification Debate

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It’s a debate with significant implications for lawmakers in areas like minimum wage and tax policy. Labor Department classified these gig workers not as employees, but as contractors, in a case that enabled an unnamed company hiring these gig workers to not have to pay federal minimum wage, overtime or Social Security taxes.