BY NEWSDESK8
The U.S. Internal Revenue Service (IRS) is aiming to release crypto tax guidance within the next “12-ish months,” according to Julie Foerster, who spoke on the topic at the Consensus 2023 event in Austin, Texas on Friday.Foerster, the director of the crypto asset project, remarked that the IRS is planning to alter their approach to cryptocurrency, and wishes to have a closer relationship with the industry.
Evaluation of Supervisory Practices by Federal and NYDFS Agencies Following March’s Bank Closures!
Google Positive Regarding Blockchain, British Government’s 125 Million Dollar Investment in AI, Voyager and Binance!
The Google for Startups Cloud Program has recently broadened to include 11 blockchain firms, granting them access to funding, expertise, and services in the field of tech and cryptocurrency news. Additionally, the UK government has allocated $125 million for an AI task force to accelerate the country’s AI preparedness. This task force will be dedicated to preserving public services and promoting the implementation of secure and dependable AI foundation models.
Trust Machines Reports Surging Adoption of Bitcoin Use Cases!
Trust Machines reported that during the first quarter of 2023, the use cases for Bitcoin (BTC) saw an “explosive growth”. The firm’s research found this to be true. The report outlined Bitcoin Non-Fungible Tokens (NFTs), Bitcoin Name Services (BNS), and the latest developments on the Stacks blockchain – a Bitcoin-based smart contract platform that plays an integral role in the Trust Machines ecosystem – as the major use cases that are propelling new growth and adoption.