The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe ...
Tag: Treasury
Canadian Arm of Accounting Giant KPMG Adds Bitcoin (BTC) and Ethereum (ETH) to Corporate Treasury
The Canadian arm of Big Four auditing firm KPMG is adding the two largest crypto assets to its balance sheet. KPMG in Canada says that allocating Bitcoin (BTC) and Ethereum (ETH) to its corporate trea...
Alcohol Industry Needs Serious Reform To Boost Competition, Lower Prices: Treasury Report
Topline With the Biden administration looking to fight consolidation in industries from meatpacking to shipping, a new report from the Treasury Department on Wednesday zeroed in on the $250 billion (a...
NFTs for Illicit activities: Warns U.S. Treasury through studies
The U.S. Treasury recently released a study signifying the potential risks NFTs can pose. Traditional industry participants like the art auction houses might have a lack of technical understanding for...
Treasury official behind stablecoin report to testify at Senate hearing next week
advertisement The Senate Banking Committee has released details ahead of its upcoming hearing on stablecoins, confirming the Treasury’s Under Secretary for Domestic Finance Nellie Liang as its s...
Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year – Taxes Bitcoin News
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government h...
Top Four Accounting Firm Buys Bitcoin and ETH For Treasury Reserves – Trustnodes
KPMG, one of the big four accounting firm with 236,000 employees and $32 billion in yearly revenue, has bought bitcoin and ethereum for its treasury reserves. “Investors such as hedge funds and family...
‘Big-Four’ KPMG Firm Adds Bitcoin and Ethereum to Its Treasury Reserves
Companies adding cryptocurrencies to their reserves have been a trending topic over the past few years and one of the largest financial services companies in Canada recently declared to add Bitcoin an...
KPMG adds Bitcoin and Ethereum to its Corporate Treasury
TL;DR Breakdown Crypto acceptance is growing in corporate firms in Canada, while KPMG is the first to adopt it. KPMG has announced that it will add bitcoin and Ethereum to its treasury and other fiat ...
KPMG in Canada Makes First Direct Crypto Investment — Adds Bitcoin, Ether to Corporate Treasury – Featured Bitcoin News
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional ado...
Big Four Firm KPMG Adds Bitcoin And Ethereum To Treasury
According to a press release, Canadian giant Klynveld Peat Marwick Goerdeler (KPMG) has added Bitcoin and Ethereum to its balance sheet. The multinational is one of the top accounting firms in the wor...
KPMG in Canada adds BTC and ETH to its corporate treasury
advertisement Professional services firm KPMG in Canada is allocating bitcoin and ether (ETH) to its corporate treasury, according to a Monday announcement. “Cryptoassets are a maturing asset c...
KPMG Canada Adds Bitcoin and Ethereum to Its Corporate Treasury
Alex Dovbnya The Canadian arm of accounting behemoth KPMG has put a portion of its treasury funds into Bitcoin and Ethereum KPMG Canada, a member firm of “Big Four” accounting giant KPMG, has added Bi...
US Treasury Department Concerns NFTs Crime of Money Laundering
The growing popularity of digital artworks as highly valued non-fungible tokens (NFTs) is now a major financial red flag as the United States Treasury Department believes they could be a vital tool fo...
US Treasury Warns NFTs May Present New Illicit Finance Risks – Bitcoin News
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more ...
U.S. Treasury Department Issues Warning, Says NFTs May Be Used for Money Laundering
The U.S Treasury Department is issuing a warning to investors that non-fungible tokens (NFTs) could be used to launder money. In a new study, the agency says that the ability to transfer NFTs instanta...
Treasury Inflation-Protected Securities: What Investors Should Know About TIPS
TIPS have suddenly moved to center stage for investors, as the surge in inflation has drawn new interest in Treasury inflation-protected securities. But how much do investors really know about these s...
NFTs Can be Used for Money Laundering, Says U.S. Treasury Department
A new report by the United States Department of the Treasury has revealed that the burgeoning non-fungible token space could be a conduit for money laundering. It says in the report that the increasin...
US Treasury discuss the use of NFT for money laundering
TL; DR Breakdown US Treasury wary of the use of NFT for laundering The agency released its findings in a document The US Treasury breakdown The Non-fungible token sector has continued to rack in tons ...
US Treasury targets NFTs for potential high-value art money laundering
The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financ...
Treasury Weighs In on NFTs and Art Crime
Key Takeaways The U.S. Treasury warned today that the NFT art market is susceptible to money laundering and other types of fraud. It also suggested that some (but not all) NFTs can be considered virtu...
Treasury Department warns NFTs may be used money laundering
advertisement The United States Department of Treasury released a report describing how the non-fungible tokens (NFT) art market fits into money laundering schemes. The Treasury writes that while NFT...
House and Senate hearings on stablecoins will spotlight official behind Treasury report: sources
Hearings on stablecoins before both the House and Senate in the next two weeks are scheduled to feature just one witness: The Treasury official spearheading recent work on stablecoins, sources tell Th...
3 Stocks For Rising Rates, 628%+ Dividend Growth
Woman putting coin in the jar with plant. getty We’ve been saying the 2022 edition of the stock market will be a mess for a while now—and we were right. But there are still dividend-paying gems out th...
‘Funds are Sifu’: Wonderland’s Controversial Treasury Chief Washes $8.3M of ETH Via Tornado Cash
Sifu, the pseudonymous treasury manager of troubled DeFi protocol Wonderland, has started to cash out his multi-million-dollar Ethereum (ETH) stash through crypto mixing service Tornado Cash, making i...
COTI Network Launches COTI Treasury Decentralized Pool: Details
Vladislav Sopov COTI Treasury goes live as a novel instrument for crypto holders to earn COTI rewards Contents COTI Treasury goes live to change the game in crypto staking Cross-chain mechanism to be ...
Provision in House Bill Allowing Treasury Secretary to Block International Crypto Transactions to Be Removed
Under existing law, the Treasury secretary, in consultation with the Federal Reserve chairman, secretary of state, federal regulators and other agencies, has the power to impose such restrictions on t...
Unhosted Wallets Rule Will be Considered in 2022, Says U.S. Treasury
Crypto advocates are not happy about a rule that is set to be reviewed this year by the Treasury department, as the battle intensifies between the government’s desire to prevent money laundering and t...
Treasury Has Self-Hosted Wallets And Adding Crypto To BSA On 2022 Agenda
First reported by CoinDesk, the Semiannual Agenda and Regulatory Plan of the U.S. Department of the Treasury, which includes the most important regulations that are expected to be issued, indicate two...