Treasury
Rio De Janeiro 'Inspired by Miami' to Add Crypto to Its Balance Sheet
Brazil's second most populous city, Rio De Janeiro, is planning to allocate 1% of the city's treasury reserves to cryptocurrencies, also exploring applying discounts to tax payments made with bitcoin. "We were really inspired by Miami actually," Rio de Janeiro Economic Development Secretary Chicão Bulhões said of the move, sharing insights into what this means for the state of crypto in Brazil.
Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto
The mayor of Rio de Janeiro, Brazil’s second-most populous city, reportedly announced last week he plans to allocate 1% of the city’s treasury reserves to cryptocurrencies. Bruno Ramos de Sousa, Head of Global Expansion at Brazilian crypto asset manager Hashdex, shares insights into what this could mean for bitcoin adoption in Brazil.
Bitcoin Price: Still Room to Fall?
Bitcoin's price could continue to fall as the "death cross" pattern looms on its daily charts by some estimates. "All About Bitcoin" discusses BTC's possible outcomes next week and short-term signals to watch. Plus, an update on the state of crypto adoption in Rio de Janeiro, Brazil, as the city plans to invest 1% of its treasury into bitcoin.
Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto: Report
The Brazilian city also plans to give discounts on tax payments made with bitcoin.
Bank of America Sees Stablecoin Regulation as Catalyst to Mass Adoption
Stablecoins are viewed as a systemically important asset with a market value of around $141 billion.
Biden Administration Sanctions Crypto Exchange Chatex Over Ransomware Allegations
The Treasury Department said the exchange provided “material support” to Suex, a previously sanctioned exchange.
US Treasury to Say SEC Can Regulate Stablecoins: Report
SEC Chairman Gary Gensler wants more authority before Congress works out how best to regulate the cryptocurrencies.
US Treasury Department Prepares Stablecoin Report
U.S. Treasury officials are developing a report on stablecoins and their potential risks to the financial system to present to the President’s Working Group for Financial Markets. This allegedly follows last week’s meeting with representatives from financial institutions to discuss stablecoin regulations and other crypto issues.
Here’s How the US’s Infrastructure Bill Crypto Tax Provision Might Be Implemented
The House of Representatives will vote on the infrastructure bill at the end of the month.
Binance Appoints Former US Treasury Enforcer to Anti-Money Laundering Role
Binance has named former U.S. Treasury enforcement investigator Greg Monahan as its global money laundering reporting officer. The appointment comes as the crypto exchange is attempting to be more proactive in its regulatory compliance. Where is it headed next?
