Monday, 03 August 2020

The markets are currently falling, and those recently into crypto could be concerned. Crypto exchange Coinbase certainly isn’t worried. In fact, the company is laughing all the way to the bank. The US-based Bitcoin broker cleared over a billion dollars in revenue last year, smashing predictions.

Financial regulators plan to use the details of all cryptocurrency transactions made by individual investors - starting as early as the end of this month - to prevent money laundering and enforce a transfer tax on profit from cryptocurrencies, signaling a possible embrace of the nascent commodity.

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