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Business & Lifestyle

Proposed legislation in Hawaii would allow banks to serve as cryptocurrency custodians

HONOLULU (Heartland Newsfeed) -- Proposed legislation in Hawaii's state legislature could change the banking system, allowing for the storage and custody of cryptocurrency. Senate Bill 2594 was filed and introduced in the Hawaii Senate with bipartisan support. The legislation would make it legal for banking institutions in the state to hold "digital securities," "virtual currencies," "digital consumer assets" and other "open blockchain tokens" for their customers and allow the court system to hear cases on digital asset claims. Democratic Sens. […]

todayJanuary 23, 2020 75

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Business & Lifestyle

CONFIRMED: IRS trains staff on finding cryptocurrency wallets

WASHINGTON (CoinDesk) -- The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation from an IRS cyber training session, which details a number of ways the agency’s criminal investigators might find potential crypto tax cheats. “Issuance of a grand jury subpoena should be considered for Apple, Google and Microsoft for the subject’s complete application download history,” says the slide […]

todayJuly 13, 2019 75

Business & Lifestyle

Actor Jamie Foxx promotes crypto exchange ICO

LOS ANGELES (Heartland Newsfeed) -- Yet another celebrity has entered the cryptocurrency promotion fray, with Academy Award winner Jamie Foxx promoting an upcoming initial coin offering (ICO). In a post on Twitter, Foxx promoted the token sale for Cobinhood, which is being advertised as a zero-fee cryptocurrency exchange. That sale is currently underway, according to its website, netting about 17,840 ethers (worth roughly $5.1 million at press time) to date. Looking forward to participating in the new @cobinhood Token! ZERO fee […]

todaySeptember 19, 2017 48

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