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Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance
23.12.2019
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...
PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
23.12.2019
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket...
Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia
22.12.2019
Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several...
Bybit CEO Ben Zhou on Crypto Derivatives and Market Predictions for 2020
22.12.2019
12 months ago, crypto derivatives platform Bybit officially launched. The Singapore exchange, which also has offices in Hong Kong and Taiwan, has enjoyed a fruitful first year, attracting users from North America, Europe, Russia and Asia. With products including BTC, ETH, XRP and EOS perpetual...
Google Trends: Ripple Soars in the US and UK, but Plummets in China
21.12.2019
Ripple is a popular name for cross country trades. The traders around the world consider Ripple as a sure shot for the future. The year to date trading in Ripple is indicating downtrend, but there is strong speculation on behalf of the recent ventures that the coin would shine again. If we look...
Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency
21.12.2019
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim...
Chinese Regulators Question 8 Crypto Companies in Shenzhen
20.12.2019
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with...
Crypto Will Eventually Replace Fiat, but How Soon and Where?
20.12.2019
The vicious double-edged sword of the Deutsche Bank Imagine 2030 report and what it means for mass adoption
Thailand Integrates Blockchain to E-Visa System for Higher Security
19.12.2019
Five million Thailand visitors from 20 countries will soon be able to apply for Visa On Arrival using benefits of blockchain technology
Alrosa, Tencent, Everledger Bring Diamonds on the Blockchain to WeChat
19.12.2019
Russian diamond giant Alrosa, Tencent and Everledger partnered on a new blockchain-based e-commerce project for WeChat users
Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity
19.12.2019
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank...
Chinese Crypto Fitness App Reportedly Under Investigation for Fraud
18.12.2019
Chinese regulators are reportedly investigating a crypto fitness app over suspected financial fraud and illegal fundraising
Fidelity Launching Crypto Services in Europe, Citing ‘Significant Interest’
18.12.2019
Fidelity Investments is expanding its crypto services to European clients after seeing increasing potential in this market. The expansion builds upon the company’s U.S. crypto business. “We’ve seen significant interest and engagement by the institutional community, which show...
Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office
17.12.2019
Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office
The Productization of Bitcoin Maximalism
17.12.2019
NLW discusses the rise in bitcoin only businesses and “blockchain not crypto” in China vs. “digital assets not blockchain” in US financial firms
Indian State of Kerala to Produce 20,000 Blockchain Specialists in 2 Years
17.12.2019
Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries...
Blockchain Startup Conflux to Get Shanghai Government Funding for Research Institute
17.12.2019
Shanghai will open a blockchain incubation center by the end of December with substantial investment, even as China’s government continues to crack down on crypto-related businesses
TikTok Has 1st Viral Bitcoin Video as Owner Launches DLT Venture
16.12.2019
TikTok records the first viral Bitcoin video after the firm’s owner reportedly launched a blockchain-related venture in China
Chinese City Warns Investors: Crypto Isn’t Blockchain
16.12.2019
One Chinese city has a stern warning for investors: make sure you are not investing in crypto masquerading as blockchain
Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...