The U.S. Department of the Treasury has issued new guidance on cryptocurrency reporting requirements, clarifying tax obligations for certain types of transactions. Industry representatives have expressed a range of reactions, with some praising the increased clarity while others voiced concerns about the compliance burden.
Meanwhile, Brazil's central bank announced plans to accelerate its CBDC pilot program, with public testing scheduled to begin in the next quarter. This announcement comes as several Latin American countries explore digital currency solutions to address financial inclusion challenges.
In the meantime, major cryptocurrency exchange Binance has launched a new institutional platform offering enhanced custodial solutions and OTC trading capabilities for corporate clients. The service aims to address security and liquidity issues that have historically limited institutional participation.
