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NCR and NYDIG will now be having a deal of 650 US banks to provide the bitcoin purchases to people. This certainly will create quite a buzz for some time because of its use that can benefit a many people. On June 30, spokesperson for NYDIG commented that this deal shall allow 650 US-based banks and credit unions which of course would invite different services associated with purchase of bitcoin and crypto trading.

The partnership announcement:

Even if NCR did not response on the immediate request but later the NYDIG spokesperson stated, “NCR is the latest in a series of partnership announcements that kicked off last week.” With this merge it is believed that the partnership will be more between these two digital asset management firm in order to get the purchases of the crypto be easily available in credit unions and more than 650 banks.  

The initiative has been done as a repines for the NCR banking clients demands that were made where the customers are purchasing crypto outside the exchanges. It this would ensure that clients can now access the trading of crypto using their own apps of banking while NYDIG shall provide the custody.

The number of 650 U.S banks is not a smaller one. The banks soon can offer the purchases to be done in bitcoin that shall have an estimation of nearly 24 million total customers.

The appealing objective:

Before this announcement, NYDIG and Fiserv had also made an announcement of teaming up to offer consumers get the bitcoin directly in their respective bank account. This can allow the users to access the cryptocurrency without having to go through any kind of external exchange.  

As top officials of the RBI, including Governor Shaktikanta Das, briefed the Parliamentary Standing Committee on Finance, chaired by former minister of state for finance Jayant Sinha. Among their concerns were the challenges cryptocurrencies pose to the stability of the financial system.

RBI officials told the panel, "It will seriously undermine the RBI's capacity to determine monetary policy and regulate the monetary system of the country."

Cryptocurrency may replace the rupee in domestic and international finance transactions, according to central bank officials, saying these currencies "will affect the banking system by undermining the RBI's ability to regulate the flow of money".

Medina commented in parliament that his reasoning for the tax came to fruition by contrasting Portugal with nations that as of now have systems set up. Furthermore, Sapo detailed that Medina noticed that it doesn't seem right for an asset that makes capital increases to not be burdened. He said: "There cannot be gaps that cause there to be capital gains in relation to the transaction of assets that do not have a tax."

Medina won't force a smothering pace of tax assessment on crypto gains. He made sense that it is critical to make and execute a framework that makes tax assessment "adequate," yet which doesn't "end up reducing revenue to zero, which is contrary, in fact, to the objective for which it exists."

According to a press release UnicornDAO has invested $1.4 million in NFT artworks from underrepresented groups in Web3.

As noted in the court document, “The Payments Platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual currency transactions.”

According to a release, on Wednesday, Germany's federal finance ministry (BMF) issued the first nationwide guidance on the income tax treatment of cryptocurrencies which also includes other blockchain-based tokens.

According to Hollywood entertainment news site Deadline, Scott Free Productions will adapt cryptocurrency journalist Camila Russo's bestselling book, The Infinite Machine, into a film.

Camila Russo, the founder of The Defiant and creator of "The Infinite Machine" book about the creation of the Ethereum network, is being adapted for the screen by Scott Free Productions, the production company behind "House of Gucci" and "Blade Runner 2049."

The film is expected to be written and directed by Shyam Madiraju, while Ridley Scott will produce, along with collaborators Tom Moran and Vera Meyer from Scott Free.

"It's incredibly exciting to have Ridley Scott and the crew at Scott Free produce the movie of The Infinite Machine alongside us," said Russo.

He added, “I can’t imagine a better team to turn the riveting story about the people behind the most revolutionary technology since the internet into a feature film that will capture the hearts of our generation.”

In this book, Russo documents the rise of Ethereum, which is the second-largest digital asset in the world, and the development of cryptocurrencies.

"It's incredibly exciting to have Ridley Scott and the crew at Scott Free produce the movie of The Infinite Machine alongside us," said Russo.

According to a report published by Iran's IRNA news agency, the Iranian government is drafting new rules raising penalties including additional fines and imprisonment to restrict the use of subsidized energy in crypto mining. This step was taken to control illegal cryptocurrency mining in the country.

In a move aimed at preventing Russian interference in the European nation's elections against the backdrop of rising tensions between the West and Moscow over the conflict in Ukraine, Ireland is preparing a ban on political parties accepting donations in cryptocurrency.

The Irish Local Government Minister, whose department is working on electoral reform, Darragh O'Brien said, “The appalling invasion of Ukraine and insidious disinformation war highlights the ongoing fundamental threats faced by all democracies.”

Electoral Reform Bill 2022 proposes new political integrity rules to reduce the risk of foreign interference in Irish elections, as well as to introduce safeguards against misinformation campaigns.