Don’t Forget the ‘Other’ Cryptocurrency Tax
If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.
OECD
Bitcoin jumped the most in two weeks Monday, surging alongside U.S. stocks amid speculation that the Federal Reserve and other central banks will support markets as the coronavirus spreads.
Many southeast Asians consumers are interested in establishing or increasing their crypto investments, according to the OECD, but also admit to not really understanding them.
Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus.
The Organization for Economic Cooperation and Development thinks ICOs may be a beneficial fundraising tool, but not yet for "mainstream" firms.
The intergovernmental economic organization plans to host an international conference on blockchain in September, its first ever.
OECD
