• Each country has its own systems for tax evaluation and collection, and some countries are stricter than others. One of the major issues governments have with cryptocurrencies is the difficulty in taxing profits made on trading. The United Kingdom’s HMRC (Her Majesty’s Revenue and Customs department) found this out the hard way. Finance experts have warned that a loophole which reduces crypto gains to zero can be exploited on tax returns in the UK. It

    Tax Loophole Found for UK Crypto Profits

    | 2018/01/21 9:00 am
  • Several South Korean exchanges have announced that they will ban foreign residents from trading cryptocurrencies.  Tighter Cryptocurrency Regulations The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading across the country. Soon after the news was released, the total cryptocurrency market valuation dropped by almost 50%, causing major financial losses for a lot of traders worldwide. Later, government officials

    South Korean Exchanges Are Barring Foreign Residents from Trading

    | 2018/01/21 3:00 am
  • Countries across the world remain divided over the cryptocurrency revolution that has emerged over the past year. Some, such as China, strive to eradicate all instances of it, but others, including Switzerland, are embracing the blockchain with open arms. Ahead of a potential crypto G20 summit which could result in a wave of regulatory action, Switzerland has emerged in full support of the technology as voiced via Economics Minister Johann Schneider-Ammann. Crypto Nation The affluent

    Switzerland Wants a Crypto-Nation, France and Germany Want Regulation

    | 2018/01/20 4:00 am
  • Retailers in Bali are being forced to stop accepting bitcoin at their shops and restaurants. The actions of governments and regulatory authorities in Asia have been a hot topic in the cryptocurrency space over the last few weeks. The recent crash is widely seen as being driven by reports that the South Korean government indicating it is set to crackdown on cryptocurrency usage. A similar concern is hanging over the already heavily regulated Chinese market

    The Indonesian Government Is Cracking Down Further On Bitcoin Use In Bali

    | 2018/01/20 1:00 am
  • The effect this one Southeast Asian nation has upon crypto markets is quite astounding. South Korean exchanges dominate trade in the region, and constant government threats of clampdowns has caused waves of nausea among investors elsewhere on the planet. Contrary to multiple fearmongering reports on mainstream news sites, including Reuters, Bloomberg, and CNBC, South Korea will not close crypto exchanges. In fact, according to the chairman of the South Korean Fair Trade Commission, Kim Sang-jo,

    Impossible to Close Exchanges Say South Korean Regulators

    | 2018/01/19 1:00 pm
  • When markets are volatile and crashes occur, the majority of people are cashing out and taking profits or panic selling. There are some, however, who see opportunity in the sea of red and buy up at lower prices. This is exactly what has been happening in Singapore this week when Bitcoin ATM machines ran dry. According to reports, Bitcoin machines in downtown Singapore sold out of the virtual currency yesterday as prices plummeted below $10,000

    Singapore Bitcoin ATMs Sold Out, Trading Still Allowed

    | 2018/01/19 6:30 am
  • Markets are tumbling during Asian trading today as fears escalate of further clampdowns across the region. Authorities in China seem hell-bent on preventing their citizens trading in cryptocurrencies, which may have sparked a wave of panic selling across the board. According to reports, the Chinese government plans to widen its crackdown on domestic crypto trading by targeting methods for doing so, including over-the-counter trading, offshore sites used for centralized trading, and peer-to-peer trading of large

    China Increases Pressure on Crypto Traders

    | 2018/01/17 8:45 am
  • The former deputy governor of France’s central bank is to lead a task force examining how to regulate cryptocurrency in the country. ‘We Want A Stable Economy’ As local media outlet Les Echos reports Monday, Jean-Pierre Landau will look into “directions for regulatory development” pertaining to cryptocurrency. The move was announced by Minister for the Economy Bruno Le Maire, who in a press conference Monday morning reiterated previous commitments to raising the topic of Bitcoin

    France: Bitcoin Skeptic To Lead Regulation ‘Development’ Task Force

    | 2018/01/16 7:00 pm
  • Bitcoin pundits are forecasting a fresh bull run as news from South Korea and the cryptocurrency’s price turn markets increasingly optimistic. Seoul To Regulate After ‘Sufficient Consultation’ After the South Korean justice minister caused “confusion and anger” last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn. “The proposed shutdown of exchanges that the justice minister recently mentioned is one of the

    South Korea Won’t Ban Bitcoin Trading as Price Chart Turns Bullish

    | 2018/01/15 7:00 am
  • Blockchains and cryptocurrencies are here to stay, and banks and governments are concerned. With the momentum that the budding markets have built in recent months, digital assets like Bitcoin, Ethereum, Litecoin, and Ripple have become household names. However, crypto regulation does not necessarily have to mean prevention if it can be approached in the right way. In recent weeks, news has emerged of steps concerning crypto regulation taking place across the world, most significantly in

    Why Crypto Regulation Should Not Mean Prohibition

    | 2018/01/15 4:30 am
  • With regulation coming thick and fast across Asia the effects on the markets can be seen instantly. Last week a bucket-load of FUD caused a sell-off when a number of large news agencies misreported that South Korea was banning crypto trading. This wasn’t the case at all and the country remains open. Russia could soon be joining them as it prepares to vote on legalizing crypto exchanges. According to Newsweek, citing Russian media, the Ministry

    Russia Set to Vote on Legalizing Cryptocurrency

    | 2018/01/15 2:00 am
  • Even though many countries are interested in, and indeed are pursuing, the creation of national state-run virtual currencies, Singapore isn’t one of them. The digital currency revolution is here, and it’s not just reserved for Bitcoin and other decentralized cryptocurrencies. More and more countries are exploring the benefits of having a cashless society. Sweden has previously voiced their desire to investigate the development of an e-krona, Israel is looking into creating a digital shekel, while

    Singapore Won’t Be Part of the State-controlled Crypto Movement

    | 2018/01/12 9:00 pm
  • Bitcoin’s explosive growth is dramatically disrupting the monetary and banking system to such an extent that banking and government authorities are sounding the alarm. In effect, the chief of the U.S. Treasury now fears that Bitcoin will become like a “Swiss Bank Account.” Bitcoin Defies the Banking System Bitcoin lets you have your private bank in your electronic wallet. As a result, Bitcoin will eventually render the fiat monetary and banking system obsolete. Hence, U.S. Treasury

    US Government Fears Bitcoin Will Be the Next “Swiss Bank Account”

    | 2018/01/12 6:30 pm
  • South Korea cryptocurrency users are voting en masse against the country’s prospective trading ban and demanding ministers resign. Ban Bitcoin? Fire The Government The results of two government surveys shows support exceeding 100,000 people for halting the restrictions on trading, while more than 30,000 want to see the justice minister and finance minister fired for “market manipulation.” South Korean lawmakers have stepped up efforts to severely limit cryptocurrency activity under their jurisdiction in recent months.

    Over 100K South Koreans Petition To Stop Crypto Ban, Fire Ministers

    | 2018/01/12 3:30 am
  • Bitcoin regulations may be on the way as the US Senate Banking Committee is scheduled to meet with top market regulators in February over cryptocurrency. The noose may be tightening around Bitcoin and its digital brethren in the United States in the coming months. According to Reuters, the Senate Banking Committee will be meeting with some top financial regulators in early February. Their topic of concern – cryptocurrency. Are Regulations Coming? Right now, there are

    The Noose Tightens? US Senate Meeting with Market Regulators Over Cryptocurrency

    | 2018/01/11 6:00 am
  • Bitcoin China chief executive Bobby Lee remains defiant in the face of the Chinese government, saying that Bitcoin will continue to thrive and go up in value. It’s always refreshing to come across a person who remains unbowed in the face of stiff opposition. One such person is Bobby Lee, the chief executive of Bitcoin China, the longest-running Bitcoin exchange in the world until it was shut down by the People’s Bank of China. Despite

    Bobby Lee Defiant Against China, Expects Bitcoin to Hit $100,000 in 2018

    | 2018/01/11 3:30 am
  • A few Harvard professors feel that Bitcoin, and other cryptocurrencies, will soon be a thing of the past as regulation efforts increase. With Bitcoin reaching $20k on some exchanges in December 2017, it’s hard to believe that it ever traded at laughable amounts like $5 in the years following its creation. Now there may not be a time machine on hand to take us back to purchase bitcoins at a cheaper price, but according to

    Cryptocurrencies: Death by Regulation Strangulation

    | 2018/01/09 4:30 am
  • It is common knowledge that banks are far from comfortable with the explosion of interest in cryptocurrency investing in the last year. Just by its nature, a decentralized currency goes against the business model of a bank, which essentially profits from holding and moving other people’s money. Banks in India have been frowning upon virtual currencies recently and have been attempting to change the way money flowed from them into crypto exchanges. A FactorDaily article

    Indian Banks Squeeze Crypto Exchanges

    | 2018/01/08 9:00 am
  • The United States Securities and Trade Commission warned investors on Thursday about their inability to help those who’ve lost money investing in digital currencies. Sec Restates Cryptocurrency Worries It’s not a secret that the SEC is very wary about Bitcoin and crypto-currencies in general, and today they restated their concerns. They’ve advised investors to exercise caution when dealing with digital assets such as Bitcoin, outlining that there is nothing State level or even Federal level regulators

    SEC Warns About Lack of Regulation in Cryptocurrency Markets

    | 2018/01/06 10:00 pm
  • Even though China is one of the countries spearheading the fight against decentralized cryptocurrencies, previous BTCC CEO, Bobby Lee, is hopeful that the country will eventually become more accepting of the industry. Think ‘Bitcoin banning’, and your mind probably goes directly to China. The country has been vocal in its disdain for the cryptocurrency industry. In proving that its bite is indeed worse than its bark, it banned ICOs and closed down Bitcoin exchanges. High

    Could China Learn to Love Crypto Again?

    | 2018/01/04 7:30 pm
  • South Korea cryptocurrency exchanges have submitted a legal challenge to the government claiming its new restrictions are “unconstitutional.” Law Firm: Govt. Is ‘Devaluing’ Virtual Currencies As local news outlet Korea Times reports today and Wednesday, Seoul-based law firm Anguk Law Offices has filed a complaint on behalf of a group of investors and exchanges, and is “preparing follow-up appeals.” South Korea enacted restrictions last month as Bitcoin and altcoins shot up in value. Among them,

    Official Complaints Say Korea Trading Restrictions Are ‘Unconstitutional’

    | 2018/01/04 2:30 pm
  • A new initiative from oBike allows users to earn their customized cryptocurrency simply by riding their bicycles. As we begin a brand-new year, we also start thinking about resolutions. #newyearnewme, right? One of the most common goals is to get fit, whether it be hitting the gym or hitting the sidewalk for a jog. However, based on its stellar performance last year, many people might be resolving to get in on that crypto action by

    Two-Tired? Here’s Some Free Crypto from Obike to Motivate You

    | 2018/01/03 11:00 pm
  • The list of experts and talking heads eager to belly up to the bar and spout forth on why Bitcoin is a bubble and we’re all fools for believing in it is, as Goose would say, long, but distinguished. The latest expert to lend his voice to the bubble echo chamber is Columbia University professor Jeffrey D. Sachs. Sachs, who is also a published author and director of the Center for Sustainable Development at Columbia

    Poking Holes in the Latest ‘Bitcoin is a Bubble’ Argument

    | 2018/01/03 8:30 pm