OMGFIN Daily News

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The ne...
Mon, 26 Dec, 2022 at 6:00 AM
Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto
The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of ru...
Tue, 27 Dec, 2022 at 1:30 AM
Bank of England's Cunliffe Pushes for Crypto Regulation — Sees 'Real' Benefits for UK
Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency tr...
Tue, 27 Dec, 2022 at 5:22 AM
Russia's largest bank issued gold-backed digital financial assets
The issuance became the second major operations of the bank with the new class of assets. Russia’s largest bank Sber — formerly referred to as Sberban...
Wed, 28 Dec, 2022 at 2:01 AM
Crypto can help teach children about personal finance
Learning financial skills can offer children many advantages for the rest of their lives and doing it through crypto could be the way to go.  Being fi...
Wed, 28 Dec, 2022 at 5:02 AM
China’s CBDC wallet resorts to ages-old tradition to boost adoption
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.  ...
Thu, 29 Dec, 2022 at 1:37 AM
Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon
Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tok...
Thu, 29 Dec, 2022 at 4:06 AM
Former Chinese central banker says digital yuan ‘usage has been low’
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”  A for...
Fri, 30 Dec, 2022 at 1:41 AM
Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation
The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining u...
Mon, 2 Jan, 2023 at 5:35 AM
Italy approves 26% capital gains tax on cryptocurrencies
The Italian Senate approved the new tax rate for crypto trading as part of the budget legislation for 2023.  On Dec. 29, 2022, days before the year...
Tue, 3 Jan, 2023 at 1:18 AM