William Hitman, Director at the Division of Corporation Finance of SEC (Securities and Exchange Commission), sees blockchain as a promising technology of the future. The initial coin offering, he notes, is a vital alternative way of doing business. … [Read more...] about US authorities to regulate crypto market in ‘balanced way’
France lowers capital gain tax on cryptocurrency to 19%
Retail traders until recently had to pay up to 45% tax on each transaction, not counting social security payments of 17.2%. The government has changed the rules, lowering the bar by more than twice. … [Read more...] about France lowers capital gain tax on cryptocurrency to 19%
Crypto news in brief (April 27, 2018): Bitcoin, Philippines, BBVA, Binance, IBM
- 17 million bitcoins have now been mined - The Philippine authorities will allow 10 companies to mine bitcoin, conduct ICOs and operate exchanges in a special economic zone - BBVA becomes the first global financial institution to issue loans using blockchain - Binance adds a new feature of converting 'crypto dust' into BNB - IBM introduces TrustChain, a blockchain … [Read more...] about Crypto news in brief (April 27, 2018): Bitcoin, Philippines, BBVA, Binance, IBM
Christine Lagarde shared her opinion on cryptocurrency and blockchain
Managing director of the International Monetary Fund (IMF) Christine Lagarde has recently published two blog posts on cryptocurrencies, describing disadvantages of digital assets and benefits they could provide. … [Read more...] about Christine Lagarde shared her opinion on cryptocurrency and blockchain
Iran’s central bank rules out cryptocurrencies
The Central Bank of Iran (CBI) issued a statement prohibiting the country’s banks and financial institutions from dealing with cryptocurrencies. … [Read more...] about Iran’s central bank rules out cryptocurrencies
Indian central bank prohibits financial institutions from dealing with cryptocurrency businesses
The Reserve Bank of India (RBI) in its recent statement announced that entities regulated by RBI are prohibited from providing services to individuals or businesses dealing with cryptocurrencies. … [Read more...] about Indian central bank prohibits financial institutions from dealing with cryptocurrency businesses
Two minor Japanese cryptocurrency exchanges to shut down due to strict regulations
According to Nikkei, two Japanese exchanges are withdrawing their applications to register with Japan's Financial Services Agency (FSA) as cryptocurrency exchange operators. … [Read more...] about Two minor Japanese cryptocurrency exchanges to shut down due to strict regulations
G20 participants don’t see threat in cryptocurrencies, will implement regulations
The world economies leaders discussed issues on digital currency at G20 summit, which took place in Buenos Aires earlier this week. … [Read more...] about G20 participants don’t see threat in cryptocurrencies, will implement regulations