European Central Banks Demand Strict Cryptocurrency Regulations

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Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported.

Square Lands Hard On Cryptocurrency

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5) was its prowess in cryptocurrency. Cash App users can purchase and sell bitcoin; they can also make cryptocurrency transfers to other wallets. Square has been a supporter of cryptocurrency, which generated $65.5 Earnings Bitcoin cryptocurrency News Square

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Israel to Tax Cryptocurrencies

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Israel is going to put a tax on cryptocurrencies including bitcoin, regulators in the country said yesterday. According to a circular by Israel Tax Authority yesterday, the government said it looks at cryptocurrencies as a property rather than a currency, and therefore it will be taxable. According to the circular, translated by multiple reports, cryptocurrencies will […]. Cryptocurrency Exclusive Bitcoin cryptocurrency

Report: $50B In Cryptocurrency Moved Out Of China

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More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency has not been without controversy.

Thailand to Tax Cryptocurrencies

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Taxes on cryptocurrency? Taxing cryptocurrency is a way for […]. Compliance Cryptocurrency Exclusive Bitcoin cryptocurrency regulationsThat’s what regulators in Thailand are planning to institute. According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains.

Regulating the cryptocurrency markets

Chris Skinner

I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog. Someone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised?

Cryptocurrency Expert: Government-Backed Cryptocurrency Misses the Point

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EXCLUSIVE- To make a government-backed cryptocurrency is to defeat the point of cryptocurrency, Jacob Eliosoff, a programmer, crypto trader, businessman, and teacher, explains in an interview with Bank Innovation. There is no shortage of interest in government-backed cryptocurrency in today’s world.

Cryptocurrencies are not currencies

Chris Skinner

I’ve been watching the rollercoaster ride of cryptocurrencies very carefully for the last year, and it only struck me today that these are not currencies … yet. Apart from a few novelty vendors and merchants who put bitcoin on their websites, I don’t see many others accepting ether or XRP, … The post Cryptocurrencies are not currencies appeared first on Chris Skinner's blog.

China Does a 180° on Cryptocurrency

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China has reportedly banned all bitcoin executives from leaving its borders as part of the country’s crackdown on its cryptocurrency industry. Though these reports named bitcoin executives in particular, some see the move as the onset of a larger “war” between governments everywhere and all cryptocurrencies. Compliance Cryptocurrency Exclusive Online Bitcoin China compliance cryptocurrency regulations

Most People Don’t Know What Cryptocurrencies Are

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Sure, cryptocurrency and bitcoin might seem like the talk of the town, but a recent survey found that most people don’t even know what a digital currency is. According to a survey conducted by cryptocurrency platform COBINHOOD, only 56% of the 1,035 Americans surveyed knew that cryptocurrency is a digital decentralized currency designed as a […]. Cryptocurrency DataBank Bitcoin cryptocurrencies Ethereum ICOs initial coin offerings Litecoin

The State of Cryptocurrency in 2019

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It was a tough year for cryptocurrencies. Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase. Cryptocurrency Daily Post 2 Exclusive Premium Bitcoin cryptocurrency ICOs Initial Coin Offering securities and exchange commission

China’s Latest Ban Threatens All Cryptocurrencies

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The price of bitcoin is down following a report that China may ban all cryptocurrency exchanges within its borders. On Friday, Chinese financial news outlet Caixin reported that the Chinese government is considering banning all exchanges between bitcoin, ether, and other cryptocurrencies, and the Chinese yuan. Compliance Cryptocurrency Exclusive Bitcoin Caixin China Chinese Fintech cryptocurrency Ethereum

Lawmakers take a hard look at cryptocurrency

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With Facebook's announcement of its cryptocurrency Libra, cryptocurrency has gotten a lot more attention recently, and not all of it is positive, especially from U.S. Many are seeing cryptocurrencies like Libra as a national security issue lawmakers.

South Korea’s Crackdown on Cryptocurrency

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South Korean government’s skepticism on the cryptocurrency phenomenon has taken a new form as reports emerge that the government is looking to ban all digital currencies as well as prominent exchanges. Cryptocurrency Exclusive Bitcoin cryptocurrency South KoreaReuters reported that two of the country’s largest exchanges Coinone and Bithumb were raided this week by police and tax agencies on allegations of […].

The future of cryptocurrencies

Chris Skinner

2017 has been a wild and fantastic year for cryptocurrencies, especially bitcoin. 2017 was when everyone thought they had to get into cryptocurrencies, and … The post The future of cryptocurrencies appeared first on Chris Skinner's blog Everyone was wondering whether they should buy bitcoin. That was back when it was $500 a coin. Now it’s over $11,000 a coin. Funny year 2017.

IRS Offers $625K For Help Cracking Cryptocurrency Secrecy

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The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies.

New York To Ease Cryptocurrency Regulations

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It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The New York State Department of Financial Services (DFS), which supervises 1,500 banks and financial institutions and more than 1,400 insurance companies, has proposed a conditional licensing framework that promises to make it easier for cryptocurrency startups.

Russia to Regulate Cryptocurrencies in 2017

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Russia will start regulating cryptocurrency trading by the end of the year, according to the country’s Finance Minister. At the Moscow Financial Forum on Friday, Russian Finance Minister Anton Siluanov said: The state certainly understands that cryptocurrencies are a reality, there is no point in prohibiting them. Cryptocurrency Bitcoin Bitcoin regulation cryptocurrencies Russia

Uruguay’s Central Bank to Lauch Pilot Program for Cryptocurrency

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The Banco Central del Uruguay (BDC) said that it has engaged a focus group to test the transfer of cryptocurrency funds via a mobile-based app. Cryptocurrency Exclusive Mobile Bitcoin BlockChain cryptocurrencies cryptocurrencyUruguay’s central bank is testing out its own digital currency, joining a growing group of other nations doing the same.

Estonia to Launch Government-Backed Cryptocurrency

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Estonia, a small Northern European country bordering the Baltic sea and Gulf of Finland, wants its own official digital cryptocurrency. Cryptocurrency Exclusive cryptocurrency Estonia Ethereum ICOsAccording to reports, officials at Estonia are looking to launch a government backed digital currency called “Estcoin” with the help of Ethereum founder Vitalik Buterin through an initial coin offering. Kaspar Korjus, Managing Director at […].

Facebook Reverses Cryptocurrency Ad Ban

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PREMIUM –Facebook has changed its stance on cryptocurrency ads by reversing a ban it had placed on the ads only five months ago. The news didn't do much for bitcoin, the most well known cryptocurrency, which is trading today a little above $6,000. Facebook is reversing the ban it placed in January on cryptocurrency advertisers, […]. Cryptocurrency Exclusive Online Premium Social Media advertisements cryptocurrency Facebook ICO ban

Japanese Cryptocurrency Exchange bitFlyer Launches in Europe

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Japanese cryptocurrency exchange bitFlyer today announced its launch in Europe. Compliance Cryptocurrency Exclusive Bitcoin bitFlyer cryptocurrencies European UnionbitFlyer, the first Bitcoin exchange to be regulated in Japan and the U.S., said it received a Payment Institution (PI) license to operate in the European Union. The company’s founder and CEO of bitFlyer, Yuzo Kano, said in a statement: When I set up bitFlyer […].

China Likely to License Cryptocurrency Exchanges

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The People’s Republic of China will likely re-legalize cryptocurrency trading, ending its nation-wide ban on crypto exchanges from early September, as reported by cnLedger, a well-known source on cryptocurrency news in China. The report in question revealed that Xinhua News, recognized by many as the voice of the Chinese Government, published the following statement: Virtual […].

The Two Faces of Cryptocurrency in China

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Even after shutting down dozens of bitcoin exchanges and banning bitcoin executives from leaving its borders, the“mouthpiece” for the People’s Bank of China, Financial News, published an article declaring that Beijing should “accelerate the process of launching a digital currency after it curbed the risks of [en]cryptocurrencies.” Compliance Cryptocurrency Exclusive Online Security Chinese cryptocurrency crytpocurrency.

Japanese Cryptocurrency Exchanges Report 669 Cases of Money Laundering

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Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according to a report by Nikkei Asian Review. Japanese cryptocurrency exchanges have been having a rough time lately with a major hack ($550 million) and some major technical glitches – one that almost cost one exchange.Read More. Cryptocurrency Exclusive Security Bitcoin cryptocurrency money laundering

13 Questions to Cryptocurrencies From SEC

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The Securities and Exchange Commission is telling investors to ask their cryptocurrency platforms 13 questions to weed out the “”potentially unlawful” ones. Cryptocurrency Exclusive Bitcoin Commodity Futures Trading Commission cryptocurrency securities and exchange commissionIn a statement released yesterday, the SEC released 13 questions for investors to ask as a means of identifying crypto trading platforms that could be illegal and thus dangerous to investors.

Cryptocurrencies Surge as Debate Over Digital Tokens, Securities Reignites

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EXCLUSIVE— Cryptocurrencies are experiencing one of their highest points in recent weeks, after remarks made by former financial regulator Gary Gensler brought back concerns that certain tokens should really be considered securities. The remarks point to a reoccurring debate among cryptocurrency aficionados about the nature of digital currency, which is having its first positive movements […].

Amazon Registers Three Cryptocurrency Domain Names

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Amazon Technologies, a subsidiary of e-commerce giant Amazon, has acquired three domain names relating to cryptocurrency: “amazoncryptocurrency.com,” “amazoncryptocurrencies.com,” and “amazonethereum.com.” Commerce Corporate Cryptocurrency Exclusive Innovations Online Payments amazon Amazon Pay Amazon Technologies Bitcoin copyright cryptocurrency digital currency domain names Ethereum Ripple

Namibia’s Central Bank Outlaws Cryptocurrency

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Namibia’s Central Bank said cryptocurrency exchanges are not allowed under the nation’s law. According to this same law, cryptocurrency cannot be accepted as payment for goods and services, the nation’s central bank has said. Cryptocurrency Exclusive Bitcoin cryptocurrency nambiaBased on a statement released by the government to The Namibian on this subject: It should be noted that there is […].

Mexican Central Bank to Regulate Cryptocurrency

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Mexican President Enrique Peña Nieto is presenting a legislation that proposes to regulate cryptocurrency to the Mexican Senate today, according to reports. The legislation states that cryptocurrencies are not considered legal tender in Mexico, and proposes that the country’s central bank – the Bank of Mexico – should regulate firms working with these cryptocurrencies.

Facebook makes its big move into cryptocurrency with Libra

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Cryptocurrency and blockchain technology are now mainstream. If you still doubt this fact, then take a look at Facebook, which has formally announced its entry into the cryptocurrency space

Major Indian Bank HDFC Bans Cryptocurrency Purchase

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EXCLUSIVE – HDFC (Housing Development Financial Corporation), one of India’s largest private sector banks has banned cryptocurrency purchases from its cards, both credit and debit. In an email sent to its customers yesterday, HDFC notified its users that it will no longer allow cryptocurrency purchases on its credit, debit and prepaid cards. Cryptocurrency Exclusive Premium Bitcoin cryptocurrency HDFC Bank ICICI Bank India Reserve Bank of India

Cryptocurrency Exchange Bakkt Raises $182.5 Million Ahead of Delayed Launch

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Bakkt, a cryptocurrency startup led by Intercontinental Exchange, scored $182.5 million to build out its futures trading platform for cryptocurrencies ahead of an anticipated, albeit delayed, launch in 2019. Cryptocurrency Exclusive Premium Startups Trading Bakkt Bitcoin CFTC cryptocurrency cryptocurrency exchanges ErisX ICECEO Kelly Loeffler made the announcement of Bakkt’s first capital raise in a Medium post published Monday. "We’ll

Russia Will Likely Ban All Cryptocurrencies – Except Its Own

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The Russian government is poised to launch the world’s first national cryptocurrency, the CryptoRuble, in the next few weeks, after which it will likely ban all other cryptocurrencies, effectively establishing a state monopoly over the Russian cryptocurrency market. Compliance Cryptocurrency Exclusive Innovations Online compliance cryptocurrency cryptocurrency exchanges CryptoRuble Putin regulation Russia

Institutions Haven’t Given Up on Cryptocurrency

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Trading volume is down and cryptocurrency miners -- the outfits that solve complex equations to generate new digital coins -- aren’t mining with the same enthusiasm. Cryptocurrency Daily Post 1 Exclusive Innovations Premium Bakkt Bitcoin Blockchain Coindesk cryptocurrency ICE NYSEThe price of bitcoin took a plunge last week and over the weekend, and took other digital currencies down with it.