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Problems Escalate in Venezuela as Millions Rush to Spend Petros


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


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


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...

IMF Helping Philippines Become Important Crypto Market


The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The IMF believes the country may become an important crypto market and has provided the Bangko Sentral ng Pilipinas with suggestions for the country’s crypto regulation...

Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data


Instantly verifiable, unhackable and forever retrievable are some of the key features of information stored on a blockchain. These are also the characteristics that traders of various assets, commodities and currencies would appreciate when it comes to the price data they are using. The team behind...

Government Confirms Crypto Profits Not Taxable in South Korea


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...

Using a VPN May Get Israeli Crypto Traders in Trouble


Do you use a VPN? It’s a privacy-enhancing tool that everyone should be using, especially those with digital assets. Or do you happen to be older than the typical crypto trader? Both of these characteristics are part of a list of so-called ‘red flags’ that can get you in trouble...

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb


The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...

Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India


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...

Market Update: Crypto Traders Search for Bullish and Bearish Trends


During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents...

4 Beijing Regulators Issue New Crypto Activity Warning


Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their blockchain promotion. Also...

Ripple Executive Team Reflects on the Impact of Blockchain & Digital Assets


Global leaders in crypto-blockchain solutions, Ripple posted a video, which shows members of their executive team, including CEO Brad Garlinghouse, predicting the impact of blockchain technology and digital assets in the last decade. The video sheds light on various aspects like the future...

Shenzhen Stock Exchange Launches Index of Top 50 Blockchain Public Companies


The Shenzhen Stock Exchange has launched a blockchain index comprising 50 of the largest publicly listed companies with blockchain ventures by market capitalization. Blockchain-related stocks in China have been gaining value since President Xi Jinping openly advocated for the technology. Also read:...

Russia’s Supreme Court Recognizes Tokens as Assets Like Money and Property


A phenomenon like bitcoin can gain recognition, including regulatory, in many different and often unexpected ways. Governments that hesitate to accept cryptocurrencies as legal tender, sometimes validate their existence indirectly and even acknowledge they can be used for payments. Taxing crypto...

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