IRS warns crypto holders: dodge tax and we’ll hand out stiff punishments

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Service sending out warning letters to more than 10,000 people holding digital currency and says taxpayers should take these very seriously Watch out, crypto-heads the taxman cometh. The Internal Revenue Service has begun mailing more than 10,000 letters to cryptocurrency … Continued

‘Breathtaking arrogance’: senators grill Facebook in combative hearing over Libra currency

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Banking committee questions Facebook on its Libra project, while the House will later take aim at Google, Apple and Amazon Facebook was greeted with hostility in the US Congress as the tech giant sought to defend its proposed digital currency … Continued

Libra: US Congress asks Facebook to pause development

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Legislators say they need time to investigate cryptocurrency and its potential impact The US Congress has asked Facebook to pause development on its cryptocurrency until lawmakers have had more time to investigate the ramifications of the companys actions. In a … Continued

Why Facebook’s Libra currency gets the thumbs down | Joseph Stiglitz

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Only a fool would trust Facebook with their financial wellbeing. But maybe thats the point of the Libra currency Facebook and some of its corporate allies have decided that what the world really needs is another cryptocurrency, and that launching … Continued