The ATO said it already knows who is invested in cryptocurrencies and expects cooperation. https://cointelegraph.com/news/australian-tax-office-report-crypto-profits-or-else
The Australian Tax Office says it knows who is invested in cryptocurrency and expects proper reporting on capital gains and losses.
cointelegraph.com
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The crypto market is down 8.6% over the past 24 hours. Bitcoin retested lows of $40,000 yesterday shortly after President Biden's $6 trillion budget announcement.
decrypt.co
It's red all over again as Bitcoin down is 8%. https://decrypt.co/72177/bitcoin-falls-8-after-sudden-market-crash
Crypto businesses in the U.K. have been struggling to meet AML standards set by the Financial Conduct Authority, according to the economic secretary to the Treasury.
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year. https://cointelegraph.com/news/crypto-firms-not-meeting-aml-standards-says-uk-minister
In a recent tweet explaining why Tesla would no longer accept bitcoin, Elon Musk displayed a poor understanding of Bitcoin’s energy use.
bitcoinmagazine.com
In a recent tweet explaining why Tesla would no longer accept bitcoin, Elon Musk displayed a poor understanding of Bitcoin’s energy use. https://bitcoinmagazine.com/business/what-elon-musk-gets-wrong-about-bitcoin