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IRS proposes mandating electronic delivery of tax forms for crypto

The IRS has proposed a new rule requiring the electronic delivery of tax forms related to cryptocurrency transactions. This initiative aims to streamline the reporting process and enhance compliance among taxpayers involved in crypto activities. The proposal is part of a broader effort to modernize tax administration and improve the accuracy of tax filings. Stakeholders are invited to provide feedback on the proposal, which could significantly impact how crypto-related tax information is disseminated in the future.

Read the full article: Coin Telegraph

DTCC to use Chainlink to power 24/7 collateral management network

The Depository Trust & Clearing Corporation (DTCC) has announced its partnership with Chainlink to develop a 24/7 collateral management network. This initiative aims to enhance the efficiency and transparency of collateral management processes in the financial markets. By leveraging Chainlink's decentralized oracle technology, DTCC seeks to provide

Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected

The Senate has confirmed Kevin Warsh as a governor of the Federal Reserve, a position that could influence monetary policy amid ongoing economic challenges. Warsh, a former Fed official, is expected to bring a new perspective to the board, particularly regarding interest rates and inflation. A vote for the chair

Bermuda to transition ‘key’ financial services to Stellar blockchain

Bermuda is set to transition key financial services to the Stellar blockchain, aiming to enhance efficiency and transparency in its financial sector. The initiative is part of the government's broader strategy to leverage blockchain technology for economic growth and innovation. This move is expected to improve cross-border transactions

Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote

The U.S. Senate has confirmed Kevin Warsh to the Federal Reserve Board, a move that precedes an anticipated vote for the position of Chair. Warsh, a former Fed governor, is expected to influence monetary policy significantly. His confirmation comes amid ongoing discussions about interest rates and inflation management. The

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DTCC to use Chainlink to power 24/7 collateral management network

Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected

Bermuda to transition ‘key’ financial services to Stellar blockchain

Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote