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The Russian Ministry of Justice has taken side in what looks like a lively debate about the status of cryptocurrencies that are still unregulated in the country. A bankruptcy case involving a modest amount of bitcoin has sparked discussions in Russian legal circles. Some say a crypto is nothing more than “a set of characters.” … Read more
The Japanese financial regulator has imposed five new criteria for all cryptocurrency exchanges operating in the country. These rules apply to existing exchange operators as well as new ones applying for registration for the first time. On-site inspections will be conducted on all exchanges prior to approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
The current president and chief executive officer of the San Francisco Federal Reserve Bank, and the man expected to soon be the New York Federal Reserve Bank, John Williams, has rejected the suggestion that cryptocurrencies comprise currency. Also Read: Trading Sanctions Imposed on Tezos Co-Founder Amid FINRA Settlement New York Federal Reserve Nominee Rejects Cryptocurrencies as … Read more
It has become apparent that the state of New York does not take kindly to cryptocurrencies. In fact, it is one of the most hostile places in the world to set up a Bitcoin enterprise right now, which is not a positive development. This sentiment is reflected in potential New York Fed President John Williams’ recent comments on the … Read more
Cryptocurrencies are often criticized for failing to replicate some of the basic functions of fiat money. Governments are always ready to warn you that you can’t spend, or save, or trade, or make digital coins. This state of mind, however, is slowly but surely changing, as more benefits become apparent. Paying, saving, investing – bitcoin … Read more
Private digital currencies are better than any state-issued version, admitted a high-ranking representative of the Swiss National Bank. Cryptocurrencies are also less risky, according to Andrea Maechler, member of the central bank’s governing board. Her comments indicate that Switzerland has no intentions to emit a state-sponsored crypto. Also read: Centralized Cryptoruble Not Possible, Minister … Read more
The United States Internal Revenue Service (IRS) recently published a document reminding taxpayers that income derived from virtual currency transactions must be reported on income tax returns. The IRS states that taxpayers who fail to report virtual currency earning may be audited or made liable for “penalties and interest.” Also Read: Bitcoin Adoption Grows in Ugandan … Read more
A recent study has revealed Litecoin to be the second most adopted means of payment among dark marketplaces. The study also indicated a significant increase in adoption of Monero among English-speaking platforms. Also Read: South Korean Prosecutor Fights to Confiscate Bitcoins from Criminal Proceeds Dark Marketplaces Increase Altcoin Adoption The study, conducted by Recorded Future, involved … Read more
Another suicide has made its way to media scrutiny, and crypto markets plummeting was promptly highlighted as the ultimate cause. It’s time to consider our mental health as investors in light of bitcoin’s infamous feature – volatility. Also read: Landmark Senate Crypto Hearing Seen as Mostly Positive by Bitcoiners Bitcoin’s ”Death” Is Not the End … Read more
The Ho Chi Minh City Customs Department has revealed that in the first 3 weeks of this month almost 8,000 mining rigs were imported into the city. This number exceeds the entire count of mining rigs imported into Vietnam last year. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Nearly 8000 … Read more
