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Bitcoin Daily: Russia’s Sberbank To Launch Stablecoin This Year; Pornhub Expands Crypto Payment Options

PYMNTS

The filing process only takes about 45 days, but Sberbank is also still debating how Sbercoin will be taxed, according to Cointelegraph, citing news agency Interfax. Meanwhile, Nebraska Sen. Mike Flood introduced two bill drafts to allow Nebraska’s banks to provide digital asset custodial services, Cointelegraph reported.

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DC Bar: Lawyers Allowed To Take Digital Currency As Payment

PYMNTS

” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes. This decision comes on the heels of other bars, including New York City, Nebraska and North Carolina, also deciding recently to allow virtual currency as payment, according to Bloomberg Law.

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How to Withdraw Bitcoin to Your Bank Account

MyBankTracker

As long as you don’t live in one of the excluded states (Vermont, New York, Connecticut, Nebraska, Hawaii, and Nevada) you can withdraw cash directly to a linked bank account. Remember to Pay Taxes. Remember: Any profits made make from trading cryptocurrency is subject to tax. What about in the UK or other countries?

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The Blockchain Wave Isn’t Always Smooth Sailing

PYMNTS

Some policymakers are beginning to step into the space, including in the state of Nebraska, in which a lawmaker has submitted three bills focused on distributed ledger and cryptocurrency technology. The Swiss government is taking exploratory measures on blockchain regulation too.

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

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Surprises from the Consumer Financial Decision Making Conference (Behavioral Economics)

Celent Banking

Here are a few other tidbits that I’ll expand upon in the full report: People don’t like to pay taxes (no surprise). But tax costs are perceived more negatively than other costs; Betterment got people to trade less by highlighting the tax consequences of the trade. There is no such thing as the “right thing” for everybody.

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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Rates typically peak after holiday shopping then come down as consumers receive their tax refunds and use it to pay down debt. Leanne, who works from Denver, is a graduate from the University of Nebraska and holds a Master of Science in Statistics and a Bachelor of Science in Mathematics and Sociology. year-over-year, respectively).

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