Bermuda Becomes First Gov’t to Accept Tax Payments in USDC Stablecoin

Bermuda Becomes First Gov’t to Accept Tax Payments in USDC Stablecoin

Bermuda became the first government to accept stablecoin USDC for tax payments, according to global financial services company Circle. Global financial services company Circle announced that Bermuda became the first government to accept its stablecoin USD Coin (USDC) for tax payments.Part of a broader government initiative to embrace stablecoinsAccording to a press release shared with Cointelegraph on Oct. 16, this development is part of a broader initiative, which sees the Bermuda government support “the…

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IBM Says It’s Open to Working With Facebook on Libra Crypto

IBM Says It’s Open to Working With Facebook on Libra Crypto

“Our clients are ready to work with” Facebook on Libra, said IBM’s general manager of blockchain services Jason Kelley. Technology behemoth International Business Machines (IBM) is open to working with Facebook on its Libra stablecoin, CNBC reported on Sept. 23.IBM’s general manager of blockchain services Jason Kelley said that the company is looking to spur collaboration in the space, noting that “blockchain is a team sport.” He also highlighted the firm’s openness to the…

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Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

Crypto exchange Binance and blockchain trust company Paxos join forces to launch USD-backed stablecoin, approved by the NYDFS. Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS)Binance USD available later this monthIn a press release shared with Cointelegraph on Sept. 5, Paxos co-founder and CEO Asia Rich Teo…

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