Auto Added by WPeMatico
A Russian arbitration court of appeals has recognized cryptocurrency as a property with value in its ruling on Monday. This overturned a previous ruling by another court even though Russia currently has no legal framework for cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Recognized as Property The Ninth Arbitration Court of […]
The post Cryptocurrency Recognized as Valuable Property by Russian Court appeared first on Bitcoin News.
Powered by WPeMatico
A Norwegian district court has ruled in favor of Norway’s largest bank against a local cryptocurrency exchange. The court says the bank has full rights to close the account of the exchange, citing money laundering risks and criminal activities associated with bitcoin trading. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Court Ruled in […]
The post Norwegian Court Rules Nordea Bank Can Close Account of Crypto Exchange appeared first on Bitcoin News.
Powered by WPeMatico
Miami-based Cblocks has announced that it will relocate to Canada, citing a lack of regulatory clarity regarding cryptocurrency in the United States as the principal catalyst for the move. Also Read: South Korean Top Regulator Considers Easing Cryptocurrency Regulations Cblocks to Relocate to Canada Cblocks, a Miami-based company that generated $32,000 in a month through selling […]
The post Cblocks Moves to Canada Citing Regulatory Hurdles appeared first on Bitcoin News.
Powered by WPeMatico
South Korea is a very important country when it comes to cryptocurrency. With local trading platforms generating a lot of volume for most top currencies, the regulatory aspect is taking center stage. Although the initial guidelines were a bit harsh, it seems a more lenient approach will be embraced soon. Easing Crypto Regulation in South Korea According to local news sources, South Korea’s Financial Supervisory Service Governor Yoon Suk-heun is looking to ease cryptocurrency regulation. This news comes at a rather interesting time for the industry. With prices having risen in recent weeks, one would have expected a much tougher crackdown on Bitcoin and altcoins.Powered by WPeMatico
The main regulatory body of cryptocurrencies in South Korea has a new chief who has just been approved by the country’s president. He is a known “activist and reformist” and has reportedly announced that he will consider relaxing crypto regulations to help businesses grow in this sector. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]
The post South Korean Top Regulator Considers Easing Cryptocurrency Regulations appeared first on Bitcoin News.
Powered by WPeMatico
A utility provider in Washington has ramped up security measures in anticipation of backlash in response to a moratorium recently placed on cryptocurrency miners by the company. Despite the measures, the company has not experienced a single incident requiring police assistance. Also Read: Ripple Sued for Alleged Violations of US Securities Laws Washington Utility Fears Backlash […]
The post Washington Utility Increases Security Amid Crypto Mining Moratorium appeared first on Bitcoin News.
Powered by WPeMatico
Chinese state media outlet, Voice of China, has published reports criticizing the efforts of Chinese cryptocurrency exchanges and initial coin offerings (ICOs) to continue operations in spite of the central government’s 2017 crackdown. Also Read: Markets Update: BTC Resistance at $10,000 Holds, Gains Dwarfed by Alternative Markets State Media Criticizes Cryptocurrency Exchanges’ Defiance of Crackdown Voice […]
The post Chinese State Media Accuses ICOs and Exchanges of Defying Crackdown appeared first on Bitcoin News.
Powered by WPeMatico
Gains from cryptocurrency transactions will be taxed in Azerbaijan, according to a high-ranking official from the Tax Ministry. Authorities in the energy-rich nation intend to tap into both corporate profits and personal incomes. The country has previously taken a conservative stance on cryptocurrencies but the focus on taxation now signals a change in Baku. Also […]
The post Azerbaijan to Tax Crypto Incomes and Profits appeared first on Bitcoin News.
Powered by WPeMatico
RBI’s ban on crypto-related banking services has been challenged again. Maharashtra-based Flintstone Technologies has turned to the High Court in Delhi to seek withdrawal of the April 6 circular issued by the Reserve Bank of India, calling it “arbitrary, unfair and unconstitutional.” The company points out that the central bank has not provided any reasons […]
The post Another Indian Company Challenges Ban on Crypto Banking appeared first on Bitcoin News.
Powered by WPeMatico
Investors in India are flocking to trade cryptocurrencies before the ban order by the Reserve Bank of India takes effect. There is a positive sentiment in the local crypto community that the Indian government will not outright ban crypto trading. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Investors Rush to Get Into Crypto […]
The post Indian Investors Flock to Trade Crypto Ahead of RBI Ban appeared first on Bitcoin News.
Powered by WPeMatico