El Salvador Bolsters Bitcoin Strategy Amid Global Scrutiny
El Salvador has recently bolstered its position as a significant player in the cryptocurrency arena by increasing its Bitcoin holdings to over 6,000 BTC, joining a select group of countries that include the US, China, the UK, Ukraine, and Bhutan. This move underscores the nation’s commitment to integrating Bitcoin into its financial strategy, despite facing […]
Blockchain Advocates Sue IRS Over New Cryptocurrency Regulation
Blockchain Association Challenges IRS Over New Crypto Regulation The Blockchain Association, in conjunction with the Texas Blockchain Council, has initiated legal proceedings against the United States Internal Revenue Service (IRS), contesting the agency’s recent regulatory amendments concerning cryptocurrency transactions. This legal challenge was sparked by the IRS’s decision on December 27 to impose new reporting […]