📚 Daily Digest for Jan 19th

📊 Wyoming Introduces a Bill Aiming to Define Virtual Currencies as Money:
The bill places crypto assets into three categories: digital consumer assets, digital securities and virtual currencies. The bill defines assets falling in any of those three categories as intangible personal property and grants virtual currencies the same treatment as fiat money. Read more
#wyoming #virtualcurrencies

📈 Crypto Payments Service BitPay Reports Over $1 Billion in Transactions in 2018:
Despite a massive crypto decline in 2018, BitPay’s CEO and co-founder Stephen Pair argued that the firm saw growth over the year because its product is “cheaper and quicker than a bank wire from most regions of the world.” Read more
#bitpay #stephenpair

🇨🇱 Chilean Citizens Will Begin Paying Cryptocurrency Taxes in 2019:
Taxpayers in Chile are reportedly going to have to pay taxes on cryptocurrency earnings this year, as the country’s Internal Revenue Service Servicio de Impuestos Internos, SII has included a section for cryptoassets in a form that has to be filled on taxpayers’ Annual Income Tax Returns. Read more
#regulation #chile #taxes

Fear and Greed Index:
Today: 29
Change 1 day: +1
Change 7 day: +8
Change 30 day: +4

📚 Daily Digest for Apr 5th
Great day for XRP and ADA! 💥

🚦 Some Traders avoid Crypto Taxes using Crypto Loans:
Some traders are using cryptocurrency as collateral to secure loans, allowing them to keep their crypto and get cash while avoiding capital gains tax. Due to the popularity of the option, the crypto loan industry has been growing rapidly. Read more
#trader #taxes

💵 Coinsquare Announces CAD-Backed Stablecoin:
Coinsquare will add to the ecosystem of stablecoins, by issuing its own stablecoin backed by Canadian dollars (CAD). The asset is meant to improve the adoption of digital assets. The new coin will be known as eCad. Read more
#coinsquare #cad

🇨🇳 China Approves 197 Blockchain Firms, Baidu and Alibaba Listed:
China’s top-level internet censorship agency has unveiled the first round of firms that were successful in their applications to begin their blockchain-related services in the country. Technology giants such as Alibaba, Baidu and Tencent appeared in the list. Read more
#china #blockchain

Fear and Greed Index:
ꜰᴜᴅ Today: 57 ꜰᴏᴍᴏ
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