OMGFIN Daily News

US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill
The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally presented after the country's Bit...
Sat, 13 May, 2023 at 1:16 AM
Texas votes to add crypto to state’s Bill of Rights
Texas lawmakers vote to add digital currency to the state’s Bill of Rights, granting individuals the right to utilize digital currencies like Bitcoin for tr...
Sat, 13 May, 2023 at 1:18 AM
IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability
The International Monetary Fund has urged Zimbabwean authorities to weigh the advantages versus threats of publishing a gold-backed digital currency. Rather...
Sat, 13 May, 2023 at 1:29 AM
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
The U.S. Internal Revenue Service (IRS) spoke it’s working nearly with Ukraine to help it trace crypto deals of Russian sanctions evaders. The agency is giv...
Mon, 15 May, 2023 at 1:22 AM
China, France to Deepen Ties Following Meeting of French President Macron and Chinese Leader Xi Jinping
Chinese and French foreign ministers have expressed readiness to strengthen cooperation and pursue a “ close and enduring comprehensive strategic cooperatio...
Mon, 15 May, 2023 at 1:31 AM
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have concurred to “ encourage the usage of local c...
Mon, 15 May, 2023 at 1:46 AM
US Senators Reintroduce 'Accountability for Cryptocurrency in El Salvador (ACES) Act'
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “ Accountability for Cryptocurrency in El Salvador Act, ” understood as the “ ACES Act, ” for...
Tue, 16 May, 2023 at 12:59 AM
Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning
The Reserve Bank of Zimbabwe’s initial gold-backed cryptocurrency sale has been a success.  The Reserve Bank of Zimbabwe has sold 14 billion Zimbabwean d...
Tue, 16 May, 2023 at 1:07 AM
Harvard Economics Professor: US Default Could Spark Global Financial Crisis
Harvard economics professor Kenneth Rogoff, who preliminarily served as the chief economist at the International Monetary Fund (IMF), has warned that the U....
Tue, 16 May, 2023 at 2:07 AM
Updated European tax directive requires reporting on all crypto asset transfers
DAC8 extends tax reporting proceedings to crypto transfers in line with the OECD crypto reporting frame and EU AML regulations. The European Council has ap...
Wed, 17 May, 2023 at 4:54 AM