Ex-Microsoft Employee Convicted of 18 Felonies in Digital Currency Scheme
A software engineer who worked for Microsoft has been found guilty of a complex $10 million scheme to embezzle funds using Bitcoin Go to Source Powered by WPeMatico
Regulation
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South Korean Tax Policy Association Proposes Two-Step Tax on Cryptocurrencies
Cryptocurrency is here to stay in South Korea as tax experts are looking into how to tax traders Go to Source Powered by WPeMatico
New Zealand Proposes to Free Crypto From Some Taxes to Promote Growth
New Zealand’s new proposed taxation systems considers excluding crypto from certain Goods and Services tax provisions Go to Source Powered by WPeMatico
Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System
The National Bank of Ukraine is still trying to balance the potential threats and benefits of a central bank digital currency Go to Source Powered by WPeMatico
Lawyers Duke it Out Over Who Gets To Lead the Class Action Suit Against Tether
The lawsuit against Tether is proceeding, but first a New York judge needs to choose which law firm takes the lead on the case. The decision will impact the direction of the case Go to Source Powered by WPeMatico
Caitlin Long Starts the First Crypto-Native Bank in the U.S.
Caitlin Long is setting up a first crypto-native bank in the US that will offer crypto services to institutional investors Go to Source Powered by WPeMatico
IRS Crypto Tax Return Question — Be Careful How You Answer
If you received, sold, sent or exchanged any virtual currencies last year, the IRS has to know Go to Source Powered by WPeMatico
Will the Implementation of Regulations Kill the Cryptocurrency-Dependent Industries?
Cryptocurrencies, particularly Bitcoin, have been around for over 10 years now. Currently, we still can’t say that it has already reached the mainstream market, but many still see its potential. In the next years, it is expected that more people will be using cryptocurrencies to transact online. It was really in 2017 when many have … Read more
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and the Financial Crimes Enforcement Network (FinCEN). Also read: Regulatory Roundup — Trump’s Cryptocurrency Proposals, IRS Changes Rule, … Read more
EU Law Prohibits Banks from Banning Transactions Concerning Cryptocurrencies
Cryptocurrencies have changed how online transactions are made and it may remain to do so in the next few years. Many people use cryptos like Bitcoin and altcoins like Ethereum, Litecoin, and DogeCoin in different ways. People mainly use these for online transactions as its quicker, safer, and somehow gives them anonymity as much as … Read more
