by Chamber | Oct 1, 2021
Chamber Responds to Basel Committee on Prudential Treatment of Cryptoasset ExposuresOctober 1, 2021Known as the Bank for Central Banks, the Bank for International Settlements (BIS) is owned by 63 central monetary authorities representing more than 95% of the worlds’...
by Chamber | Jun 23, 2021
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...
When it Comes to Accounting Standards for Digital Assets, the Devil is in the Details, says Microstrategy’s Michael Saylor
by Chamber | Jun 18, 2021
When it Comes to Accounting Standards for Digital Assets, the Devil is in the Details, says Microstrategy’s Michael SaylorJune 18, 2021 Even as the market capitalization for digital assets has exploded to more than $2 trillion and the number of publicly-traded...
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New York’s Proposed Ban on Cryptocurrency Mining Takes Two Steps Back – Freezing Innovation and Undermining U.S. National Security
by Chamber | May 20, 2021
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.
by Chamber | May 14, 2021
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...
by Chamber | May 3, 2021
Proof of Reserves – Establishing Best Practices to Build Trust in the Digital Assets IndustryMay 4, 2021 Background: As the digital assets industry has developed, both consumers and institutional investors have relied on large custodians, exchanges, and other...
House Passes Bill to Create SEC – CFTC Working Group to Foster Digital Asset Innovation in the United States
by Chamber | Apr 21, 2021
House Passes Bill to Create SEC - CFTC Working Group to Foster Digital Asset Innovation in the United StatesApril 21, 2021 By Amy Davine Kim, Chief Policy Officer, Chamber of Digital CommerceYesterday, the U.S. House of Representatives passed H.R. 1602: “Eliminate...
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