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Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax
17.1.2020
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply...
Direct Democracy Party to Solve Issues With Crypto Rights in Russia
16.1.2020
A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. Also read:...
Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime
16.1.2020
Thanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down. Meanwhile, the most heinous criminals in history are continuing to facilitate violence, trafficking...
Russia’s New Prime Minister Sets Course for Digital Economy
16.1.2020
Russia’s new Prime Minister, Mikhail Mishustin wants the country to develop its digital economy
IIF Report Predicts Global Debt Will Reach New All-Time High of $257T in 2020
15.1.2020
Global debt records were broken in 2019, but that likely won’t be the end of such ominous economic milestones, the Institute of International Finance (IIF) predicts. The number could reach $257 trillion sometime in Q1 2020, according to a recent report by the group. Economies worldwide...
Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency
9.1.2020
As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international...
China’s Nationwide Blockchain Network BSN Will Launch in April 2020
8.1.2020
China’s nationwide blockchain network, the BSN, will be fully launched in April 2020, following a six-month beta testing period
Getting In and Out of the Cryptocurrency Economy Can Be Costly
24.12.2019
Since bitcoin and digital currencies have become popular, fiat on and off-ramps have sprung up that allow investors to enter and exit the cryptoconomy. However, many of the entryways into cryptocurrency markets have a hefty fee between 1-4% of the overall purchase and in order to obtain fiat...
Blockchain Economy Conference Will Take Place in Istanbul for the First Time
14.12.2019
The most comprehensive cryptocurrency conference in MENA and the Eurasia region, “Blockchain Economy,” which takes place already the second time in Istanbul, will include the topics on Dual Citizenship, Citizenship through Investment, and Global Citizenship as well. Moreover, the conference will...
China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan
12.12.2019
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of...
Japan’s Third Quarter GDP Grew beyond Expectation; Private Consumption Becomes the King Maker
9.12.2019
Amidst news of gloomy economic conditions world-wide, Japan seems to have good news. Its Cabinet office data has indicated that the Japanese economy has come back on track. Its third-quarter GDP growth has outperformed the initial estimation by the Japanese Government. As per the official data,...
Ex Italy’s Economy Minister on ‘Transition From Old Coins to New Coins’
7.12.2019
“It’s the future and you cannot stop it.” Former Italian Minister of Economy spoke to Cointelegraph about crypto
Goldman Sachs’s Kathy Says Japan’s Stimulus Package May Payoff
5.12.2019
As the global economy is under immense pressure today, no developed nation seems to find it easy to wade off its impact. Japan seems to be on the front absorbing the global shock as it has a multitude of economic issues in its economy. However, some Government sources have lately indicated that...
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
The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History
4.12.2019
Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame...
‘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...
Founders of Crypto AM and World Mobile Chain, Plans to Unlock Global Digital Economy in Africa
1.12.2019
In an interview on the sidelines of the AIBC summit in Malta, Crypto AM’s founder James Bowater, and World Mobile Chain’s Founder & CEO Micky Watkins shared their intention on how they plan to usher in the communication technology in Africa. They spoke at length about their wish to drive...
German Banks Authorized to Store and Sell Cryptocurrency in 2020
29.11.2019
Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians rather than rely on third-party...
Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy
29.11.2019
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos. The central bank explained the move will stimulate more liquidity into the faltering U.S. economy, but economists from the St. Louis Federal Reserve...
Erol User Emphasizes the Role of Blockchain in Circular Economy
25.11.2019
The concept of the circular economy lies at the heart of sustainable development. The closed-loop of a system consisting of raw materials, processing components, and products is one of the cornerstones of the successful circular economy. In order to promote and encourage people to embrace this...