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US SEC Prioritizes Crypto Compliance in 2020, But Hints at Kinder Gentler Approach
7.1.2020
U.S. SEC will continue to prioritize crypto compliance in the coming year, but seems to be more interested in bringing the industry in from the cold
Former Bakkt CEO Sworn Into Senate, Casts 1st Vote to Support Trump
7.1.2020
Former Bakkt CEO Kelly Loeffler has been sworn into the U.S. Senate to become the newest Georgia’s Senator and cast her first vote to support Trump
Court Denies SEC Request to Make Telegram Reveal ICO Bank Records
7.1.2020
The U.S. District Court for the Southern District of New York has denied the SEC’s request to compel Telegram to reveal its bank records
Problems Escalate in Venezuela as Millions Rush to Spend Petros
7.1.2020
According to the Venezuelan government, millions of families have used the petro, the country’s national digital currency, to pay for goods and services. As shoppers rush to spend their coins, merchants are reportedly struggling, effectively forced to sell goods at a deep discount. At least...
Turkey Prepares to Increase Oversight in the Crypto Space
6.1.2020
Turkish authorities, alarmed by the spread of cryptocurrencies in the country, are reportedly ramping up efforts to introduce greater oversight into the sector. Local media revealed that regulators are under pressure to increase supervision in 2020 because of the growing popularity of decentralized...
33,000 Companies in China Claim to Use Blockchain Technology
6.1.2020
China now has more than 33,000 registered companies claiming to use blockchain technology in their businesses, according to the country’s Center for Information and Industry Development. The information was released at a recent blockchain conference hosted by a Chinese municipal government...
Stablecoins Are Crypto’s Version of Fractional Reserve Banking
6.1.2020
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price...
HSBC Closes 2 Branches Following New Protests in Hong Kong
3.1.2020
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend...
Government Confirms Crypto Profits Not Taxable in South Korea
2.1.2020
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend...
These Are the Bitcoin Stories You Loved in 2019
2.1.2020
2019 was a crazy year for cryptocurrency enthusiasts and a number of interesting events happened throughout the last 12 months. It’s hard to keep track of the day-to-day activities taking place within the cryptosphere and there may be a few incidents some of our readers missed....
Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria
1.1.2020
A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive...
China Takes Another Step Away From USD Hegemony
1.1.2020
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro...
China Is Opening Doors to Blockchain — Private and Public
30.12.2019
China has been changing its attitude towards blockchain, eventually coming to praise the emerging tech
Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India
30.12.2019
The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about what the Indian...
SEC’s Cryptomom Talks New Rule Changes and Meaning for Crypto With Cointelegraph
29.12.2019
SEC Commissioner and ‘Cryptomom’ Hester Peirce tells Cointelegraph how recent changes in securities law may impact crypto and what she wants to see from Congress
Indian Government’s Institute Offers Blockchain Training in Multiple Cities
29.12.2019
The National Power Training Institute, under India’s Ministry of Power, is offering blockchain training in multiple cities throughout the country. Participants will learn about blockchain technology, its use cases, smart contracts, Ethereum, cryptocurrency, Bitcoin, and even mining. Also...
France’s Social Media Stalking Points to the Violence of Fiat, Consent of Crypto
29.12.2019
France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car. The country’s budget minister, Gérald Darmanin, called...
Around the World in 2019 — A Landmark Year for Crypto Taxation
28.12.2019
US, UK, France, Australia and many more – a glance of crypto tax legislation worldwide in 2019
Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season
28.12.2019
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower...
Asia’s Love Affair With Blockchain Is Blossoming
28.12.2019
Far away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business endorsement of distributed ledger technology (DLT). Many of these chains are virtually unknown outside of...