Crypto industry disappointed as Australia looks to enshrine tax rules

SYDNEY, Oct 26 (Reuters) – The cryptocurrency industry said on Wednesday it was disappointed with Australia’s decision to continue treating digital currencies as assets for tax purposes, and not as foreign currency. The government said in its budget announcement on Tuesday it would introduce legislation to enshrine the treatment of digital currencies such as Bitcoin … Read more

A year on, El Salvador’s bitcoin experiment is stumbling

CONCHAGUA, El Salvador, Sept 7 (Reuters) – A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a volcano – is still dense jungle. President Nayib Bukele had promised that “Bitcoin City” would be a tax … Read more

Honduras launches ‘Bitcoin Valley’ in the tourist town of Santa Lucia

July 29 (Reuters) – People can pay for a slushie with crypto in the streets of “Bitcoin Valley,” a project in the Honduran tourist enclave of Santa Lucia through which the country has entered the digital currency trend. The small town in the mountains, 20 minutes from the capital Tegucigalpa, has become a bitcoin city. … Read more

Crypto fears now materialising, central bank body BIS says

LONDON, June 21 (Reuters) – Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body for central banks, sounded the warning in an upcoming annual report, in which it also urged more effort in developing … Read more