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Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation. Switzerland, New Zealand, Japan and Estonia are a […]
The post Crypto Salaries Gain Regulatory Recognition Around the World appeared first on Bitcoin News.
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Various countries continue to oppose cryptocurrencies. Venezuela has become a notorious example in that regard. In a recent turn of events, the government is now targeting companies who pay employees in Bitcoin. One company has been officially sanctioned for doing so. Things got so bad that numerous employees were laid off in the process. Venezuela has Many Problems Most people are aware of how Venezuela is struggling financially. The country has gone through recession and hyperinflation in recent years. It seems things are not improving either, as the situation only grows direr. Government officials are now officially investigating companies paying
The post Venezuelan Company Paying Employees in Bitcoin Gets Shut Down appeared first on The Merkle Hash.
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A 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed “world’s youngest bitcoin millionaire” at age 18. That’s not where the story ends, though. The high school dropout has since gone on to launch education […]
The post Reformed BTC Maximalist Erik Finman Proves the Value of Unschooling appeared first on Bitcoin News.
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The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still […]
The post ‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders appeared first on Bitcoin News.
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Switzerland aims to position itself as a European leader in the cryptocurrency world. This becomes apparent when looking at the adoption of crypto assets. Additionally, several banking licenses have been issued to what is referred to as “crypto banks” This is a clear sign the future of cryptocurrency looks somewhat promising. although no one should expect any miracles. . Switzerland Forge Ahead There are several reasons why Switzerland is such a prominent region for cryptocurrencies and blockchain. The country has a history as being a financial haven. The Swiss banking system is legendary all over the world. Additionally, it is
The post The Rise of Crypto Banks Begins in Switzerland appeared first on The Merkle Hash.
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The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers?
The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully compliant and licensed exchange launched out of Switzerland and Lichtenstein by a team of crypto pioneers of early Bitcoin days.
The post PR: SMART VALOR Lists Bitcoin Cash & Offers Users 10% Cash Back in Crypto appeared first on Bitcoin News.
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Many signs indicate that the Indian economy is under grave stress, affecting nearly all sectors. “India’s economy is in a deep mess,” due to initiatives such as demonetization and GST, some lawmakers say, as they urge the government to handle the situation “which is intensifying on a daily basis.” Also read: Indian Supreme Court Orders […]
The post India Facing ‘Unprecedented’ Economic Slowdown, Extraordinary Steps Urged appeared first on Bitcoin News.
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Criminals often express their favoritism toward cryptocurrencies. The perceived privacy and anonymity associated with this payment method makes for an excellent tool. In the US, the Treasury is now targeting Chinese drug kingpins. More specifically, they are monitoring Bitcoin revenue streams. That form of payment has become all the more prominent as time went by. China, Drugs, and Bitcoin The vast majority of drugs and other narcotics consumed in the United States is not home-grown. It is often imported from countries such as Colombia, Mexico, and in a fair few cases, even China. Particularly where opioids are concerned, Chinese drug
The post Bitcoin Transactions Lead to International Drug Trafficking Ring’s Arrests appeared first on The Merkle Hash.
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Japan is a prominent country for blockchain and cryptocurrency activity. So much even that government officials are building a new type of infrastructure. It is labeled as the “SWIFT of cryptocurrency”, although living up to those expectations won’t be easy. This new network will be used on an international scale and aims to thwart money laundering. Japan Doubles Down Over the past few years, Japan has become a key region for cryptocurrencies. It is one of the few countries to openly embrace this form of money and legitimize it. Several of the country’s biggest stores accept Bitcoin payments directly as
The post Japan Wants to Rival SWIFT With a Cryptocurrency Network appeared first on The Merkle Hash.
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Security token offerings are still a very niche market. While there is merit to this model compared to ICOs, investors have cooled off on blindly investing in tokens and assets. In Europe, things are not looking all that bad, despite some initial growing pains along the way. A healthy increase in successful tokenized projects shows this market may undergo some prominent changes over the coming years. 26% of STO do not Succeed Reports like these will always make people what the negative statistics are. According to Fintelum, 26% of security token offerings in Europe have failed or were canceled so
The post 26% Of STOs in Europe Failed or Were Canceled appeared first on The Merkle Hash.
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