Cryptocurrency Exchange GOEX Moves To Centralisation The common idea of cryptocurrencies is the decentralization and the lack of intermediaries that impose their conditions on users. As at the current moment, the governments are not able to control cryptocurrency transactions, then these limitations…
Offshore Cryptocurrency Exchanges Being Monitored In China Once again China steps up on enforing the policies of banning cryptocurrency trading. According to the report, domestic traders have tried to circumvent these restrictions by accessing offshore exchanges. The Shanghai-based publication Yicai says the…
Germany Isn’t Going To Tax Bitcoin Purchasers An announcement set by German Finance Ministry says, that the country isn’t going to tax Bitcoin users for applying cryptocurrencies as a payment method. Besides that, converting Bitcoin into a fiat currency or vice versa…
EU Is Ready For Cryptocurrency Regulation European Commission Vice-President Valdis Dombrovskis said on Monday, that European Union is preparing itself to regulate cryptocurrencies if risks emerging from the sector are not handled at the international level. The financial services commissioner stated that…
Bitcoin Regulation In UK By Treasury Commitee Bitcoin news; It seems, that UK is going to regulate cryptocurrency market. The authorities of the country have stated, that they are in process of investigating Bitcoin. The purpose is to identify the possible risks…
ICO Regulations & Crypto-Token Classifications By Switzerland The Swiss Financial Market Authority published guidelines about ICO regulation. The purpose is to regulate the booming market to prevent money laundering, giving investors a higher degree of mutual trust. Every ICO will be rated…
Israel Is Going To Tax Bitcoin As An Asset The Israel Tax Authority said yesterday, that Bitcoin isn’t a currency and people doing speculative movements with cryptocurrency will be subject for tax. The result is that profits made on digital currencies will…
Russian Finance Ministry Intends To Open Cryptocurrency Farm In Murmansk There is a program to open a new cryptocurrency farms in Murmansk region, where we can see abundant electricity available at affordable prices. This information appeared last week at Russian Investment Forum…
A US State May Accept Cryptocurrencies By 2020 The Arizona Senate passed a bill on February 8 by a 16-to-13 vote allowing its residents to pay income taxes with bitcoin or other cryptocurrencies from the start of 2020. The measure also passed…
Indonesia’s Ex-finance Minister: We Can’t Stop Cryptocurrency Circulation The country’s former finance minister Chatib Basri has said that bitcoin and other cryptocurrencies ban would not be effective for preventing negative influences. He said, that Bank of Indonesia had to issue digital currency…
Philippines Make Steps To Regulate Cryptocurrency Trading Today, the Securities and Exchange Commission of Phillippines said it is making rules for cryptocurrency transactions regulation. The purpose is to protect investors and weaken the risk of fraud. Emilio Aquino, the SEC commissioner in…
Cryptocurrency Trading Legalized By Russian Finance Ministry, But Central Bank Disagrees Today, the local media TASS reported, that the Russian Finance Ministry (MinFin) has presented a regulation bill to establish cryptocurrency trading, ICOs and mining. However, the Russian Federation central bank disagrees…
Crypto Space In Brazil “Cryptocurrencies cannot be defined as financial assets … and for this reason, their direct purchase by investment funds … is not permitted,” said Brazil’s securities regulator the Comissão de Valores Mobiliários (CVM). The announcement was made on January 12….
Cryptocurrency Regulation by Ukraine REGULATING CRYPTOCURRENCIES Many governments worldwide are introducing regulatory frameworks for digital currencies and exchanges, as cryptocurrencies are becoming more popular and widespread. The entire cryptocurrency market experienced an explosive growth rate in 2017, drawing a lot of…
Venezuela’s National Cryptocurrency “Petro” Backed By Crude Oil The president Maduro showed a document proving that country’s national cryptocurrency being supported by Orinoco Petroleum Oil. Maduro said the field’s “reserves amount to 5 billion barrels of oil,” which is confirmed by the corresponding “international…
Japanese Bank To Protect Cryptocurrency From Hacking According to Japan-based company Nikkei’s post, Japanese Mitsubishi UFJ Trust and Banking wants to create a service to protect cryptocurrency users in case of hacking exchanges. The Bank is going to take records from cryptocurrency…
Crypto-Shekel: Israel Wants to Create Its Own Cryptocurrency Israel’s Finance Ministry official and Central Bank are considering launching a cryptocurrency. The government has been discussing whether to launch a cryptocurrency or not, which is based on the country’s national currency called shekel….
Russia Will Present a Bill to Regulate Cryptocurrencies Next Week Russia is going to introduce a new cryptocurrency laws to national legislature for official consideration on December 28. According to media sources RIA and TASS, Russia’s state financial markets committee lawmaker Anatoly…
Cryptocurrency Testing in Saudi, UAE Central Banks A pilot inititive is being launched by the central banks of the United Arab Emirates and Saudi Arabia to test a new cryptocurrency for cross-border payments. Mubarak Rashid al-Mansouri, the UAE central bank’s governor, unveiled…
ICO Regulation to Unite Crypto Platforms A blockchain platform Waves wants to set up independent regulatory body to provide reporting, legal, tax & accounting, KYC (identity verification), and business standards for the blockchain industry and ICOs. Founding organization is based in Switzerland, which…
