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China Ranks 35 Crypto Projects as President Xi Pushes Blockchain


China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development...

Why Central Banks Are Not Designed for Democracies


Through their policies, central banks exert tremendous influence over the socio-economic conditions in a country and its business environment. Their decisions are so powerful that it’s obvious they are part of the government. But most people would be surprised to find out that central banks...

Indian Crypto Trading Volumes Accelerate on Positive Sentiments


Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users. Also read: Mistakes Crypto...

The Big Lie Perpetuated by Central Banks


The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy. Also read: Bitcoin...

The Next Level of Crypto Adoption: Bank Teaches Clients About Bitcoin


One German bank has an original way to teach its clients about the world’s most popular cryptocurrency, Bitcoin (BTC). It needs only two old-school things to accomplish this: a pen and a paper. Recently, Cryptonews.com wrote about the Bitcoin-bullish report published by German bank Bayern LB. We’ve...

Cash Runs Dry at ATMs as Protests Escalate in Chile


There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs....

Bank of Lithuania Issues Guidelines on Security Token Offerings


Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European...

Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland


Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read:...

Coinplug Gets Support From Major Korean Banks in Its $6.4 Million Round


Coinplug, a leading cryptocurrency exchange based in South Korea, has raised $6.4 million from the venture capital divisions of several local Korean firms. It was founded in the year 2013, and since then, it has been successfully operating as a crypto exchange and a Bitcoin prepaid card service...

Bank of Lithuania Received 'Dozens' of Inquires About STOs


The Bank of Lithuania (BoL) sees an increased interest in security token offerings (STOs) and estimates that this new form of raising capital will become more popular. The bank issued the Guidelines on STO earlier this week and is reaching the final stage in creation of its blockchain-based...

State Bank of India Chief Argues Crypto Regulation Is a Must


The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman. Also read:...

Lebanese Protestors Gather at Central Bank as Financial Lockout Continues


Since the beginning of widespread protests in Lebanon last week, banks and lending institutions have remained closed, fueling fears of an impending nationwide cash crisis. Attempts to assuage the concerns of suffering individuals without money or options are not proving effective, as officials...

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