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H.R. 10357 would ease rules for crypto payments, fees and qualifying loans while expanding loss-deferral and trader-accounting provisions. CryptoSlate reported that the proposal is expected to raise an additional $500 million in taxes.
Coin Center’s Laz Pieper says privacy-preserving identity verification could let users satisfy KYC requirements without surrendering underlying personal data, reducing the value of centralized information stores to hackers.
CryptoSlate highlighted operator-failure risks in a Solana AI payments system associated with a million-payments-per-second benchmark, including whether merchants can recover funds after delivering goods or services.
Thailand will require licensed crypto operators to add recipient data, collect extra details for transfers above 30,000 baht and verify some self-hosted wallets, while also increasing scrutiny of offshore crypto transfers.
Bitcoin Magazine features a conversation with artist Rupture ahead of his BMAG-presented New York solo exhibition, running September 2–8 at 46 Hester Street and exploring preservation, decay and collecting.
