US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s Success
U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S....
Original source
Read on Bitcoin NewsRelated market context
Japan’s Lower House Passes Sweeping Bill to Regulate Crypto Like Stocks, Opening a Path to Lower Taxes and ETFs
Japan’s lower house passed a sweeping bill on Thursday to regulate cryptocurrencies like stocks, a structural shift for one of the...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
Ripple and Bitso Unleash MXNB on XRPL to Transform a $65B U.S.-Mexico Payments Corridor
Key Takeaways: Ripple is strengthening its collaboration with Bitso by launching the first regulated stablecoin on the XRP Ledger,...
British forces board sanctioned Russian oil tanker in English Channel, exposing crypto-paid shadow fleet
The operation highlights the growing use of cryptocurrencies for sanctions evasion, potentially increasing regulatory scrutiny on...
Abu Dhabi airports to accept Bitcoin and crypto payments through new fintech partnership
The integration of crypto payments at Abu Dhabi airports signals a strategic shift towards mainstream digital currency adoption in...
Bitcoin Selloff Pushes Over Half of Supply Into Loss, Worst Week Since FTX Collapse
Bitcoin fell below $60,000, pushing over 50% of circulating supply into loss. The worst week since FTX collapse raises questions a...