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A Snapshot of the Current Questions and Unsettled Policy Related to Cryptocurrency Taxation
Tax issues range from general questions about how digital assets should be taxed to technical issues dealing with accounting practices and reporting obligations. Novel technological aspects of digital assets that...
Does the Merge change how Ethereum is regulated? (No.)
The Ethereum Merge is resurfacing questions about regulatory differences between proof-of-stake and and proof-of-work. As we've said many times, we do not believe that the technological differences between POS and...
1. Introduction In August 2022, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, adding 45 Ethereum addresses to the Specially Designated Nationals (SDN) List of sanctioned...
“Staking” is a loosely defined term in the cryptocurrency ecosystem. Use (perhaps overuse) of the term to describe a variety of activities has resulted in confusion over the term’s meaning...
Understanding Bitcoin’s energy use
Why does Bitcoin consume electricity? Does energy usage increase with the number of transactions? Can we compare Bitcoin's energy usage to traditional payments technologies like credit cards? Are Bitcoin miners...
How I Learned to Stop Worrying and Love Unhosted Wallets
Over the past year, governments around the world have expressed concern about the risks of illicit financial activities such as money laundering, terrorist financing, and the evasion of international sanctions...
The ideal regulatory environment for Bitcoin
We’re often asked what our ideal regulatory environment would be for Bitcoin and cryptocurrencies like it. A few years ago, in a regulatory submission to the Indian Ministry of Finance,...
There is no such thing as “a bitcoin”
Recently on Twitter, the St. Louis Fed’s David Andolfatto asked an interesting question: How hard would it be to track these funds and mark them as fully taxable at any...
The terms “fork” and “airdrop” are not straightforward, nor are they used consistently even within the cryptocurrency community. This backgrounder explains the topic with a lense toward what policymakers should...
Coin Center travel series: Mexico City, Mexico
This is the final installment of Coin Center's multi-part travel series examining how cryptocurrency is used around the world. The final stop on the Coin Center travel series was one of...