Regulation under the Internal Revenue Code, zero confirmation transactions, crypto is 'the worst financial idea', Grayscale’s report
- Cryptocurrency miners and holders in Russia will be regulated under the Internal Revenue Code. The document will not include separate taxation schemes for cryptocurrency owners.
- When it comes to zero confirmation transactions, it would be an understatement to say that opinions are split. Most people believe that they either don’t work or they aren’t very safe.
- A witness of a U.S. Congressional hearing, entitled ‘The Future of Money: Digital Currency’, said the idea of a central bank digital currency is one of the ‘worst financial ideas of recent times’.
- More than half of the money in Grayscale’s eight crypto funds came from institutional investors, the H1 report revealed.