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CryptoSlate

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CryptoSlate

El Salvador targets $9 billion in transfers, but chooses stablecoins

El Salvador is turning to stablecoins for remittances, further separating everyday payments from the country's pioneering Bitcoin experiment. Sivar, a new national community and payments app developed by Modveon, will use Coinbase infrastructure to settle transfers in stablecoins on Base,…

CryptoSlate

A $7 billion crypto ETF plumbing boom just ran into the IRS

The Internal Revenue Service (IRS) is scrutinizing a crypto-linked ETF tax strategy as Washington intensifies its campaign against structures designed to avoid taxable gains. The Treasury Department and IRS identified digital assets as one area where fund managers may be…