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Cryptocurrencies are becoming more prevalent to residents living in South Africa and over the past year bitcoin interest stemming from the region has grown exponentially. Furthermore, just recently the South African Treasury has proposed a few amendments that apply to the country’s Taxation Laws Amendment Bill (TLAB) and how cryptocurrencies are taxed. According to regional … Read more
Back in early 2015 a Reddit forum was created called r/millionairemakers which is a subreddit that tries to create a millionaire by getting one million Reddit users to donate $1 each and the forum subscribers give the money to a random person in hopes they can create a millionaire. Now the lottery-style forum is allowing … Read more
According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency … Read more
One of Australia’s oldest financial institutions, Bank of Queensland, has prohibited the use of home equity loans for virtual currency speculation. The move has been attributed to concerns pertaining to the growing regulatory oversight of the cryptocurrency sector in Australia. Also Read: Tether Announces Appointment of New Chief Compliance Officer Bank of Queensland Cracks Down on … Read more
The Dutch financial regulator, The Netherlands Authority for the Financial Markets (AFM) has published a letter addressed to new and currently existing institutions invested in cryptocurrencies. The letter seeks to inform that certain cryptocurrency investment activities may require licensing from the AFM, however, expresses “serious doubts” as to “whether managers of investment institutions in cryptos … Read more
On May 23 the cryptocurrency portfolio and risk management platform Caspian Tech announced a partnership with the Seychelles based trading platform the Bitcoin Mercantile Exchange (Bitmex). The move aims to bring Caspian closer to being an all-in-one platform with access to multiple exchanges. Also read: Bitcoin in Brief Friday: Luxury Jets, Cheap Air Tickets Now Offered … Read more
According to multiple reports, the Pentagon and the Defense Department are debating on whether or not cryptocurrency ownership is a problem for those who have U.S. security clearances and those applying for these privileges. The U.S. agencies may define digital currency owners as a ‘security risk’ in order to protect foreign and domestic classified information. … Read more
Digital asset markets are doing some healing during the past 24-hours of trading after touching some lows the day prior. At the moment the entire cryptocurrency market capitalization of all 1,600+ tokens is around $377Bn with around $16Bn worth of 24-hour trade volume. Bitcoin Core (BTC) markets are up 2.3 percent averaging $8,314 per coin … Read more
Japan’s SBI Holdings has reportedly unveiled new plans for its cryptocurrency exchange. The company has set a target launch date and is preparing to list major cryptocurrencies. The group’s CEO expects the new exchange to “be number one in the blink of an eye.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Revised Launch … Read more
China’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency. Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto New PBOC Governor Reaffirms Stern Position Regarding Cryptocurrencies Whilst attending … Read more
