Blockchain Today Weekly Digest
17 Feb — 23 Feb
Social network Steemit will soon be transferred to the TRON blockchain. The U.S. IRS announced plans to host a summit with cryptocurrency startups to discuss an approach to taxing digital assets. US presidential candidate Michael Bloomberg proposed creating the regulatory framework for the cryptocurrency industry as part of massive financial reform. This and other news in our weekly digest.
1. Steemit with millions of users migrates to TRON ecosystem
The decentralized social network Steemit and its applications will soon be transferred to the TRON blockchain. The migration will occur as part of a strategic partnership between Steemit Inc. and the Tron Foundation.
The blog of the Tron Foundation says that work on the migration of a social network, its products and services begins immediately.
It is already known that the existing Steem token is going to be transferred to the Tron blockchain, and for TRON users there will be held an airdrop of new tokens.
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2. US authorities to discuss taxation with crypto startups
The U.S. IRS has announced plans to host a summit with cryptocurrency startups to discuss an approach to taxing digital assets. This was reported by Bloomberg Tax.
The summit is expected to be held on March 3 at IRS headquarters in Washington. During the meeting, four-panel discussions will take place: a discussion of the technology itself, the problems of the exchange, features of tax returns and compliance with regulatory requirements.
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3. Bloomberg proposed creating a regulatory framework for crypto
US presidential candidate Michael Bloomberg (8th place on the US Forbes list with a fortune of $64 billion) proposed creating the regulatory framework for the cryptocurrency industry as part of massive financial reform.
Bloomberg advocates tightening consumer protection measures, he intends to oblige financial institutions to monitor risks and collect data on all transactions in a single database. The former mayor of New York also considers it necessary to create sandboxes for startups.
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