Global #Digital Asset

On August 8, the Internal Revenue Service (IRS) unveiled a revised draft of Form 1099-DA, aimed at streamlining the process for reporting digital asset transactions. The updated form, tentatively titled “Digital Asset Proceeds From Broker Transactions,” is set to come into effect for transactions starting in tax year 2025, with reports due by April 2026.

BitGo, a prominent cryptocurrency custodian firm, has achieved a significant milestone by securing a general payment institution licence from the Monetary Authority of Singapore (MAS).

Anoma, a prominent player in the cryptocurrency and blockchain space, is currently in negotiations for a significant funding round, aiming to secure $40 million at a valuation of $1 billion.

As the financial world ushers in what’s being termed the ‘Macro Summer,’ both Bitcoin and gold are poised for potential breakouts, signaling a shift in investment dynamics and economic sentiment.

South Korea, a nation known for its fervent embrace of cryptocurrency, has finally launched its first comprehensive regulatory framework for the digital asset industry.

Tether Operations Limited, the leading company in the digital asset industry, has announced a strategic collaboration with the Vietnam Blockchain Association (VBA) to promote blockchain and digital asset education throughout Vietnam.