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Fed Slashes Interest Rate to Near Zero and Launches 700Bn QE, Bitcoin Hovers Near $5k

Fed Slashes Interest Rate to Near Zero and Launches 700Bn QE, Bitcoin Hovers Near $5k

In an attempt to stimulate U.S. economy amid coronavirus pandemic, the Federal Reserve (“the Fed”) decided to slash the main interest rate to near zero together with the purchase of $700 billion Treasury securities.

US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules

US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules

The IRS is developing domestic reporting rules for cryptocurrency taxation and assessing different models, according to a Treasury Department official at an OECD event.

Circle CEO Tells US Treasury Department to Provide a "Meaningful Safe Harbor" for the Crypto Industry

Circle CEO Tells US Treasury Department to Provide a "Meaningful Safe Harbor" for the Crypto Industry

Circle CEO wants the US Treasury Department to provide improved regulation that can offer a “meaningful safe harbor” for players within the cryptocurrency.

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