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Users Pay $1M for Digital Land as 2017 ICO Finally Opens Virtual World
20.2.2020
Dcentraland, a 2017 ICO, recently launched its virtual reality platform, seeing major traffic in its first 10 days
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
US Department of Justice Is Criminalizing Onchain Privacy, Starting With Mixers
14.2.2020
The American government’s long-running war on privacy escalated this week following the arrest of Coin Ninja’s Larry Harmon on money laundering charges. A Department of Justice statement that “seeking to obscure virtual currency transactions in this way [using mixers] is...
IRS Does Not Consider Fortnite Money as Virtual Currency After All
13.2.2020
The IRS seems to have struck certain video game currencies and Ether from its list of examples of convertible virtual currency
Trump Views Crypto a Threat, Proposes Countermeasures in New Budget
11.2.2020
The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts...
40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
11.2.2020
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into...
312 Crypto Exchanges Registered in Australia, Regulator Confirms
10.2.2020
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read:...
DISCUSSION: US Crypto Taxes Are a Nightmare. Could These Proposals Help?
9.2.2020
This week, the Let's Talk Bitcoin! Show gathered to discuss the US tax treatment of "Virtual Currencies" and how scams find a home wherever opportunity exists, at least for a while
”Decentralized Networks a Powerful Phenomenon” – Why the SEC Commissioner Proposes Time-Limited Grace Period for Tokens
9.2.2020
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed a grace period of three years for tokens. Project developers would be exempt from the federal securities laws during that time, provided that they meet certain conditions. After that, they must determine...
Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos
7.2.2020
Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies....
Tax Friendly Saint Kitts and Nevis Approves Progressive Crypto Bill, Lenient Capital Gains Exemption
7.2.2020
The island country of Saint Kitts and Nevis, located in the West Indies, recently passed a bill that legalizes digital currency assets like bitcoin cash. The act is cited as the Virtual Asset Bill 2020 and it aims to provide the regulation of cryptocurrencies for Saint Kitts and Nevis businesses...
Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests
5.2.2020
Crypto exchange service provider Bitspark is shutting down next month despite reporting exponential growth following the launch of its cash point product. The CEO of the company explained that its internal restructuring has not worked out but insisted that the ongoing protests in Hong Kong...
Indian State Government’s ‘Blockchain District’ Now Has a Dedicated Accelerator for Blockchain Startups
5.2.2020
The Indian state of Telangana has launched a blockchain accelerator in its recently created Blockchain District, in collaboration with Tech Mahindra. Selected startups will pitch innovative ideas and get mentored by experts from the Telangana government, Tech Mahindra, the Ministry of Electronics...
US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks
4.2.2020
The U.S. government has opened registration for the bidding of over 4,040 bitcoins, currently worth more than $37 million, which will be auctioned off on Feb. 18. The winning bidder will be notified on the same day. These bitcoins were forfeited in various federal criminal, civil and administrative...
Government Think Tank Niti Aayog Identifies Key Blockchain Use Cases for India
4.2.2020
The policy think tank for the government of India, Niti Aayog, has published a strategy document identifying a number of key areas blockchain technology can significantly benefit the country. “By empowering citizens through features of transparency, decentralization and accountability...
Virtual Currency International (VCI) Vladimir Galabov on All Things
4.2.2020
Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com journalists.
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Unless you’ve been living under a rock, then you’re probably familiar with affiliate marketing and how it works. It’s particularly popular in the world of digital marketing and there’s...
Line’s Digital Currency Link to Be Available in Japan as Early as April 2020
3.2.2020
Launched in October 2018, Asian messaging giant Line’s Bitbox crypto exchange has made its link (LN) digital asset available to users worldwide, with the exception of notable locations like Japan and the U.S. Last Thursday the group announced it was preparing to launch the coin in...
41 German Banks Now Charge Negative Interest Rates
2.2.2020
The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are imposing negative interest rates even for small deposit amounts. Also read: Survey: 58% of German Banks...
IRS Explains What Crypto Owners Must Know to File Taxes This Year
2.2.2020
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million...