Chain News by Thebittimes.Com

Source: AdobeStock / Tada Images Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today&rsquo ;s crypto news. __________ Adoption news Brazil's Nubank announced plans to release its own crypto as part of a new customer rewards program, with a goal to offer customers benefits such as discounts and perks as they accumulate its Nucoins, Reuters reported. The Nucoin digital currency is expected to be launched in the first half of 2023. Investment news Investment giant Fidelity , through its digital assets subsidiary Fidelity Digital Assets , plans to offer institutional users access to Ethereum (ETH) transactions, according to investor Bruce Fenton, who cited a company email to investors. Customers will be able to buy, sell, and transfer the asset from October 28, it said. Exchange news Bitpanda said that it joined forces with digital bank N26 to give its customers access to cry...

Source: OECD The Organisation for Economic Co-operation and Development (OECD), an intergovernmental organization that seeks to stimulate economic progress, has published a global framework for crypto tax reporting.  According to a press release, the framework, dubbed the Crypto-Asset Reporting Framework (CARF), was approved in August and ensures "the collection and automatic exchange of information on transactions for relevant crypto ." The scope of the record also includes crypto exchanges, brokers, ATM operators, and other intermediaries and service providers facilitating exchanges between relevant crypto assets.  "The current scope of assets, as well as the scope of obliged entities, covered by the Common Reporting Standard (current standards) do not provide tax administrations with adequate visibility on when taxpayers engage in tax-relevant transactions in, or hold, relevant crypto assets," the report said.  The CARF was reportedly develope...