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South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains

9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed

EU Finance Ministers Place Defacto Ban on Libra

6.12.2019
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges...

Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years

6.12.2019
U.S. Treasury Secretary Steven Mnuchin says he and the Federal Reserve chairman see no need for the country to issue a digital dollar

Thai Police Arrest 24 Chinese Nationals for Alleged Bitcoin Scam

6.12.2019
Thai immigration police have arrested 24 Chinese nationals in connection with an alleged Bitcoin scam call center

Deutsche Bank Research: Crypto to Replace Fiat Currencies by 2030

6.12.2019
Per Deutsche Bank’s recent research, people’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies

RBI Governor Discusses Crypto and Central Bank Digital Currency

5.12.2019
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies. Also...

Stablecoin Adoption Can Impact Economy, Warn Senior US Regulators

5.12.2019
Senior U.S. financial regulators warn that stablecoins pose risks to the economy in an annual report from the Financial Stability Oversight Council

Canadian Government-Assisted Bitcoin Miner Files for Bankruptcy Owing Millions

5.12.2019
Great North Data, a firm that ran bitcoin mining and AI processing data centers in Canada, has filed for bankruptcy. According to bankruptcy filings late in November, the firm has just 4.6 million Canadian dollars (US$3.5 million) in assets, but owes creditors CA$13.2 million (US$10 million),...

Crypto Startups to Get up to $75,000 From the Government of Ukraine

5.12.2019
Ukrainian crypto companies can now receive up to $75,000 each in the form of government sponsored grants. A special fund set up by the authorities in Kiev is already accepting applications from startups in various high tech sectors including the blockchain industry. Over $1.5 million will...

Circle Warns Poloniex US Customer Assets May Be Sent to the Government

5.12.2019
As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property....

Bakkt CEO Kelly Loeffler Appointed to US Senate Seat

4.12.2019
Georgia Governor Brian Kemp has appointed Bakkt CEO Kelly Loeffler to a U.S. Senate seat

Kazakhstan Won’t Tax Cryptocurrency Mining: Report

4.12.2019
Kazakhstan’s lawmakers won’t be taxing crypto mining until the mined crypto is exchanged for fiat money, a report says

No Demand for a State Digital Currency in Japan: Central Bank Governor

4.12.2019
There is no public demand for a central bank digital currency in Japan, according to Bank of Japan Governor Haruhiko Kuroda

China's Great Firewall Blocks Popular ETH Block Browser Etherscan

3.12.2019
China banned its residents from using one of the most popular Ethereum blockchain explorers, Etherscan

It’s been a boring week so far

3.12.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 3 December, 2019 “It is nice to have valid competition; it pushes you to do better.” - Gianni Versace In today's newsletter, we will be covering: Singaporean government blockchain platform facilitating $15.7 million in […] The post...

It’s been a boring week so far

Huobi Says It’s Joining a Chinese Government-Led Blockchain Alliance

2.12.2019
Huobi China has joined a blockchain consortium backed by a powerful state-sponsored entity

Power Ledger, Indian Government to Boost Renewables With P2P Energy Trading Initiative

2.12.2019
Australian blockchain startup Power Ledger will pilot a peer-to-peer solar energy trading platform alongside an Indian utility firm and a government agency

‘In Small Steps’ China Cuts Benchmark Interest Rates

1.12.2019
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis...

US Lawmakers Want to Brand Libra a Security, Association Disagrees

1.12.2019
Will Libra be able to operate in the U.S. if Congress classifies stablecoins as securities?