Daily Archives: 09/03/2021

Venezuelans will be able to buy cryptoassets through the state payment system Biopago

Venezuelan citizens will be able to buy dollar-pegged stablecoins through the government’s biometric payment system Biopago, thanks to the Bank of Venezuela’s partnership with Glufco. Venezuelans will be able to buy cryptocurrency directly from government social security accounts. Thanks to the Bank of Venezuela’s partnership with financial services startup Glufco, Venezuelans will be able to buy USD-pegged stablecoins through the same infrastructure that powers the country’s biometric payment system, Biopago. The Biopago platform plays an…

IRS will track tax evading owners of cryptoassets via blockchain

The US Internal Revenue Service (IRS) has launched a program to identify cryptocurrency owners who are hiding their income. For this, IRS employees will be trained in blockchain analysis. IRS Anti-Fraud Director Damon Rowe said the IRS will work to identify unreported revenue streams through the Operation Hidden Treasure program. The main priority of the program is to detect cryptocurrency users who hide their income. Operation Hidden Treasure is a joint program of the Anti-Fraud…