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Blockchain will thrive once innovators and regulators work together

15.5.2021
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem

UK will likely need to issue a digital currency, says BoE deputy governor

14.5.2021
The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention

Cuban President Discusses Adopting Cryptocurrencies for the ‘Convenience’ of the National Economy

14.5.2021
Cuba has been actively discussing the possibility of adopting cryptocurrencies over the last few months during high-political summits. This time, the president of the Caribbean island discussed crypto assets once again during a virtual currencies topic on the summit agenda, talking about...

Shanghai Man: Aping out of gorilla token, digital dollar Biden its time... and more

14.5.2021
An up and down week filled with high volumes for animal tokens and a flurry of digital yuan news, capped by a large fundraising round for Babel Finance

SEC enforcement actions cost crypto firms and individuals $1.7B in penalties

12.5.2021
Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

12.5.2021
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with...

SEC warns of Bitcoin futures risks in mutual funds

12.5.2021
The U.S. SEC will monitor the compliance of mutual funds with exposure to Bitcoin futures and look into whether the market can accommodate an ETF

From cypherpunk to state contracts: the changing face of blockchain

12.5.2021
Three blockchain executives discuss their work with governments in fraught political contexts, and the questions it raises about blockchain’s claim to the libertarian banner

Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report

11.5.2021
With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. Privacy Concerns Reported According to Bloomberg...

Indonesia considers capital gains tax on cryptocurrency trades

11.5.2021
A new capital gains tax scheme on crypto trades is still being discussed, according to a tax official

Kazakhstan’s government to create roadmap for developing crypto market

11.5.2021
Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market

HIVE Blockchain sells Norwegian data mining center, citing loss of government subsidies

10.5.2021
Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property

Former Finance Secretary Urges Indian Government to Encourage Crypto Services, Regulate Cryptocurrencies

10.5.2021
Former Finance Secretary Subhash Chandra Garg, who headed the committee that drafted India’s cryptocurrency bill, says that the government should not ban cryptocurrencies but regulate them instead. He further urges the government to encourage crypto services. Indian Government Should Regulate...

South Korea to Crack Down on Phishing Websites Attacking Crypto Users

10.5.2021
South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. Seoul...

Privacy-Centric Coins See Fresh Gains, Monero Captures All-Time Price High

9.5.2021
On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen,...

South Korea to Impose a 20% Tax on Crypto Mining Activities

8.5.2021
The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published...

Marathon Mines First OFAC Compliant Bitcoin Block

7.5.2021
Marathon, one of the biggest bitcoin mining dedicated companies in the U.S. and Canada, has mined the first OFAC compliant bitcoin block, only accepting transactions that comply with the directives of this government office. This has caused a stir in libertarian circles, that argue this can be...