"Persons who are just validating transactions through a consensus mechanism are not likely to know whether a transaction is part of a sale," according to the Treasury.

The post US Treasury reiterates that the IRS won’t consider crypto miners, stakers or coders to be brokers appeared first on The Block.

According to a Wall Street Journal, at the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded that of Visa. (Read More)

China is testing out a central bank digital currency (CBDC) during the 2022 winter Olympics while the rest of the world still remains in a research and development phase. The digital yuan (eCNY) is currently being offered to athletes and foreign visitors to Olympic Village in Beijing, as well as cash or Visa cards. The […]

The post China Debuts Digital Yuan At Olympics appeared first on Coin Bureau.

Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, urges the Treasury and State Departments closely examine Beijing’s CBDC rollout during the Olympic Games. (Read More)

U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has […]

In light of media crackdowns, social scoring and human rights abuses within China, a digital yuan strikes this Senator as a tool of control. 

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