UTC-05:00,Saturday , October 19th 2019
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24H News Roundup Oct 9: The IRS Just Issued Its First Cryptocurrency Tax Guidance In 5 Years

18:03 Wednesday , October 09th 2019
[Policy]
1. The Swiss National Bank (SNB) and BIS have cooperated on the BIS Innovation Hub Centre in Switzerland to study the integration of CBDCs into a distributed ledger technology infrastructure;
2. The U.S. Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings;
3. The European Union should not allow Facebook to develop Libra on "European territory," because it threatens the monetary sovereignty of member states, France's finance minister Bruno Le Maire said;
4. The House Financial Services Committee announced on Oct 9 that Zuckerberg will testify on Oct 23 during a hearing titled "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors."
[Cryptocurrency]
1. MakerDao will launch multi-collateral Dai on November 18;
2. The United Nations charity for children,UNICEF, launched the UNICEF Cryptocurrency Fund, a new funding method whereby UNICEF will receive, hold, and disburse donations of Ether and Bitcoin.
[Exchange & Wallet]
1. Binance has added WeChat/Alipay on-ramps and launched P2P trading functionality with BTC, ETH and USDT available for trading against CNY;
2. Poloniex announced that trading of PASC, STEEM, NAV, GAME, LBC, and CLAM will be disabled on Oct 15;
3. Bitstamp announced that it will expand its partnership with BitGo to include custodianship of digital assets.
[Others]
1. Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, says that cryptocurrency is a farce;
2. The Libra Association is thinking of radical approaches to reach the unbanked in certain locations, including a "step-ladder" approach to KYC regulations.