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StableCoins & Crypto Currency

@CryptCurrenc

#StableCoin #CryptoCurrency #Bitcoin #Blockchain #NFT #CryptoToken #DeFi #CryptoTaxes

Stablecoins Reporting Requirements - Capital Gains/Losses. - Income from stablecoins. Record Keeping: - maintain detailed records of all transactions, i. - No De Minimis Exemption


In the U.S. IRS classifies stablecoins as property, for tax purposes. Taxable Events for Stablecoins -Buying / Selling with Fiat Currency - Trading for Other Cryptocurrencies - Converting One Stablecoin to Another - Using to Purchase Goods or Services - Earning as Income


Cathie Wood has reduced Bitcoin price target by $300,000, warning that stablecoins are capturing market share stablecoins are scaling significantly faster than projected. coinmarketcap.com/academy/articl…


Japan's Financial Services Agency announced Friday its support for a stablecoin pilot program involving the country's three major banking institutions. Mizuho Bank, MUFG, and SMBC will jointly issue a stablecoin for payments under regulatory supervision. coinmarketcap.com/academy/articl…


AI: Stablecoins for Small Businesses - USD Coin (USDC): fully backed by cash and short-term U.S. government treasuries. - Tether (USDT): The largest stablecoin by market capitalization and widely used for its high liquidity across global exchanges.


GENIUS Act, gives stablecoin holders in the event of an issuer's bankruptcy, stablecoin holders would be paid out before other creditors, such as general unsecured creditors. The bill grants stablecoin holders senior status over ALL other creditors in bankruptcy proceedings.


StableCoins & Crypto Currency reposted

time to learn about DEX s theblock.co/category/dex

Coinbase CEO Brian Armstrong says every Fortune 500 company will adopt crypto stablecoins.



Real-World Asset Tokenization Hits $24 Billion As Wall Street Bets Big via @Forbes Over 185 crypto tokens are classified as Real-World Assets (RWAs) with their market capitalization over $10.62 billion, a 61% increase from the previous month, forbes.com/sites/digital-…


Texas is the first U.S. state establish a publicly funded bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 into law. The state will allocate $10 million to purchase bitcoin, not like Arizona and New Hampshire, which have not funded their reserves


StableCoins & Crypto Currency reposted

JUST IN: 🇺🇸 US Federal Housing Finance Agency issues order to count Bitcoin & crypto as an asset for a mortgage.

BitcoinMagazine's tweet image. JUST IN: 🇺🇸 US Federal Housing Finance Agency issues order to count Bitcoin & crypto as an asset for a mortgage.

The OCC confirm that crypto-asset custody, certain stablecoin activities, and ---participation in independent node verification networks such as distributed ledger--- are permissible for national banks and federal savings associations. occ.gov/news-issuances…


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