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The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. … Read more
Gazprombank, one of Russia’s largest financial institutions, is planning to perform some cryptocurrency deals by the end of the year. According to one of its top managers, the bank is responding to demand from “substantial clients”. The pilot transactions will be conducted through its subsidiary in Switzerland. Also read: New Bill Aims to Allow Crypto … Read more
Football Fans will be able to pay with bitcoin for their accommodation when they visit Russia for this year’s World Cup. Hotels in Kaliningrad, expecting guests from eight countries, are partnering with a local payment provider to offer the service. Booking a room for the day when England plays Belgium will cost approx. $300 in … Read more
Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in … Read more
A draft law aiming to protect the rights of owners of cryptocurrencies, while regulating their use for payments, has been introduced in Russia’s parliament. The bill defines terms like “digital money” and “digital rights”. It also allows authorities to subject cryptos to taxation, inheritance rights, and bankruptcy claims. Also read: Bill “On Digital Assets” Filed … Read more
At times when the Indian crypto community is dealing with increasingly hostile environment, an initiative is bringing new investors on board. Bitcoin gift vouchers are gaining popularity in India’s IT hub – Hyderabad. A growing number of Indians like the idea of a cheap and low-risk entry into cryptocurrencies. Also read: Tax Filing Platform Teams … Read more
Days before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies. It classifies digital tokens according to their acquisition and intended use. The document defines the information companies will be required to share with authorities. The presidential decree regulating the crypto sector comes into force on March 28. Also read: … Read more
This week the U.S. Immigration and Customs Enforcement’s Homeland Security agency (ICE) has revealed that it is charging two Canadian brothers and the company Payza with illegal money transmission and money laundering charges tethered to cryptocurrency transactions. Also read: ICO Trackers Are the New Gatekeepers of Crowdsales Money Transmitters are Required to Register With U.S. Federal … Read more
Regulatory pressures and a broadening bank clampdown have seriously affected cryptocurrency exchanges in India. Their representatives claim bitcoin trading has dropped as much as 90 percent in the last two months. Cryptos are not considered legal tender in the country and authorities have demonstrated a negative attitude towards their use. At the same time, leading … Read more
The draft-law “On digital financial assets” aimed at regulating crypto-related matters in Russia has been officially filed in the State Duma on Tuesday. Disagreements between the Central Bank and the Ministry of Finance have been resolved, according to Deputy Finance Minister Alexei Moiseev. The CBR will have the final say in regards to the circulation … Read more
