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

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Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. ” 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.

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Facebook Working On WhatsApp P2P Digital Currency

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Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. The social media giant has even spoken with crypto exchanges about selling the coin to consumers, telling them that it hopes to have a product out in the first half of the year.

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Fed’s Brainard Warns Of Risks Posed By Libra, Cryptos

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18) outlined key risks associated with cryptocurrency in general and Facebook’s Libra in particular. At the start of Benoît’s ECB term, bitcoin’s market capitalization was small, and only a handful of cryptocurrencies existed. Federal Reserve Gov. Lael Brainard on Wednesday (Dec.

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Libra Association Pursues FINMA Payment License

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The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

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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. Intuit Secures Patent for Bitcoin Payment Processing.

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FINMA Head: Libra Safer Than Unregulated Crypto

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Cryptocurrency pursuits conducted without supervision are more concerning to Switzerland than Facebook’s Libra coin, Reuters reported on Tuesday (Oct. Facebook announced plans for a blockchain-backed cryptocurrency in June, with a target launch of June 2020. It has the lofty aim of connecting the 1.7

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BOE Gov: Facebook’s Libra Will Need Regulation

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Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.