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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

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South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. And, the U.S. Abra, which works by letting users bet on price movements of listed U.S.

Taxes 170
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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

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In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form.

Taxes 109
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US Treasury Secretary Sees Libra As National Security Threat

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Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187
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Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For Crypto Fraud

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And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. The slide deck was reportedly leaked through social media by an accountant. at the World Bank.

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Five At Five: Amazon Opens Alexa Voice To iOS

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Coverage includes Amazon opening up voice applications for iOS users, Overstock’s blockchain unit nabbing a huge investment, Intuit securing a bitcoin processing patent, Facebook and L’Oréal using augmented reality for makeup tests and Dish accepting Bitcoin Cash as payment. Dish, one of the leading providers in the U.S.,

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Bitcoin Daily: South Korean Crypto Startup Steals $2.7M In Exit Scam; Venezuela Wants World’s Oil Market To Use Petro

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According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. The government has told residents that the token must be used for anyone who would like to secure a passport.

Marketing 179
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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

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Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as well including insurance claims, contractor payments, tax refunds and even merchant account real-time funds settlement. The culprit is said to be the use of the BitGo wallet and the structure of the bitcoin accounts itself.

Bitcoin 100