Chamber Blog

Asia-Pacific’s Increasing Demand for Food Traceability

Asia-Pacific’s Increasing Demand for Food Traceability

Asia-Pacific’s Increasing Demand for Food TraceabilityBy: Ken Kodama June 23, 2021   Rising Demand for Product Traceability in Asia By 2030, Asia’s population is projected to be 250 million people larger and 65% of the world’s middle-class population will reside...

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New York’s Proposed Ban on Cryptocurrency Mining Takes Two Steps Back – Freezing Innovation and Undermining U.S. National Security

New York’s Proposed Ban on Cryptocurrency Mining Takes Two Steps Back – Freezing Innovation and Undermining U.S. National Security

The Chamber of Digital Commerce strongly opposes legislation introduced in New York –– NY S. 6486 and NY A. 7389 –– to establish a three-year ban on cryptocurrency mining. This legislation is harmful to the cryptocurrency mining industry. The ban pushes businesses out of the state, hurting jobs and revenue growth. And it freezes innovation –– in an area where the United States is already lagging behind other countries, such as China –– threatening our national security. It’s a significant concern, given the two trillion dollar market capitalization of cryptocurrency today, which is growing exponentially.

Chamber to IRS: Tax Payers Need Guidance on Crypto Tax Rules

Chamber to IRS: Tax Payers Need Guidance on Crypto Tax Rules

Chamber to IRS: Tax Payers Need Guidance on Crypto Tax RulesMay 17, 2021 Over the past five years, the Internal Revenue Service (IRS) has significantly increased enforcement actions against taxpayers who transact in digital assets. But, while ratcheting up its...