Crypto Update 8/27/21 | The Latest on Congress's Crypto Tax Provision

With crypto markets rallying back up and a look at the likely course as Congress prepares to take up the Crypto-Tax-Provision contained within the Infrastructure bill, CoinDesk’s Markets Daily is back with the latest news roundup.

This episode is sponsored by Kava, Nexo.io and Celo.

Today's Stories:

Finance Chiefs are getting Squeezed by Ongoing Rise in Airfreight Costs

U.K. car production suffers worst July since 1956

Supply chain disruption threatens to hold back UK economic recovery

The Social-Media Stars Who Move Markets

Wall Street Is Looking to Reddit for Investment Advice 

Cuba Regulates the Use of Virtual Assets for Commercial Transactions

Binance Removes Norwegian Krone Trading Pairs, Payment Options 

India Could Launch CBDC Trials Later This Year

South Korea’s Top Financial Regulator Is Forming a Dedicated Crypto Bureau 

Bit2Me Hires Former Mastercard International President as Senior Adviser

How Bitcoiners Should Watch the Fed’s Jackson Hole Symposium

Constellation Network to Provide US Air Force With Blockchain Security for Data Sharing

AriseCoin Inventor Sentenced to 5 Years in Prison for Securities Fraud 

3LAU Raises $16M to Tokenize Music Royalties for Artists and Fans

Featured Story: State of Crypto: The Latest on Congress's Crypto Tax Provision

This episode was edited & produced by Adrian Blust. 

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Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.