Digital currencies

A recent study on the various projects undertaken by central banks around the world has found that the most commonly named motivation is preserving their role in monetary provision.

A recent study has found a correlation between tax scrutiny of digital assets and the use of tax loss harvesting as a compensating measure.

The GAO recommended that the Treasury Department's Financial Crimes Enforcement Network and the IRS should review registration requirements for the machines.

The interbank transfer network has confirmed through experiments that its infrastructure can also move digital tokens, such as a Central Bank Digital Currency.

A report from the U.S. Treasury Department didn't say the U.S. should adopt a digital currency, but did recommend it start laying the groundwork in case it ever decides to do so.

In response to a rapidly changing digital asset landscape, the department outlined seven priority action items to curtail related financial crimes.

Crypto companies that have been trying to go public since last year’s boom remain stuck in a lengthy back-and-forth with U.S. regulators, adding to the pile of challenges facing the industry.

Financial Accounting Standards Board chair Richard Jones said stakeholders have urged the board to start a project on digital assets, which they believe to be a 'top priority.'

March saw the release of an OECD framework and a Biden executive order that set the tone for digital assets.

Finance leaders at small and midsized entities are increasingly embracing cryptocurrencies and have an eye towards the nascent Metaverse, says a recent Sage Intacct report.