Tagged: medium of exchange

Bitcoin Is a “Speculative” Asset, Facebook led Libra Stablecoin or Payments System may be Useful for Transactions, Former RBI Governor Says

August 21, 2020 @ 7:32 am By Omar Faridi |

Bitcoin (BTC) and the controversial Facebook-led Libra stablecoin or payments project might play a key role in a world where reserve banks are beginning to issue their own digital currencies or CBDCs, according to Raghuram Rajan, former governor at the Reserve Bank of India (RBI)…. Read More

UK’s Tax Authority, Her Majesty’s Revenue and Customs, Makes Changes to Its Digital Asset Taxation Framework

November 4, 2019 @ 7:05 am By Omar Faridi |

Her Majesty’s Revenue and Customs (HMRC), the UK’s tax, payments, and customs agency, has made changes to its crypto-asset taxation framework for local firms and individuals. HMRC, which creates tax guidelines and various other financial policies, published tax guidance updates that aim to clarify the… Read More