President Biden Set to End $18B Crypto Tax Loopholes

President Biden Set to End $18B Crypto Tax Loopholes

An official tweet from President Joe Biden revealed the famous MAGA House Republicans supported tax loopholes to benefit the wealthy crypto entrepreneurs in America. The President’s tweet was against the MAGA action that threatened the country’s food security investigations. The President’s May…

IMF and DCMA Launch Universal Monetary Unit (UMU) CBDC for Cross-Border Transactions

IMF and DCMA Launch Universal Monetary Unit (UMU) CBDC for Cross-Border Transactions

Key Insights:  IMF and DCMA launched a CBDC called UMU to improve cross-border transactions. UMU uses SPOT protocol, AI-powered monetary policy framework, and global localization architecture. UMU aims to provide a solution for central banks while mitigating currency depreciation. During the IMF…

Reserve Bank Of Australia Considers Exploring Use Cases For Central Bank Digital Currency

Reserve Bank Of Australia Considers Exploring Use Cases For Central Bank Digital Currency

The Reserve Bank of Australia is further advancing in the race of central bank digital currencies (CBDCs) to discover a CBDC’s use cases within the country. The collaboration will be witnessed between Australia and the Digital Finance Cooperation Research Centre (DFCRC) regarding…