South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake
South Korea's Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 10% Tax on Crypto Grains...
Bitcoin Regulation
Bitcoin regulation has been a hot potato recently. Not a day goes by when news does not emerge somewhere in the world of new regulations being brought in. Crypto is such a new industry that governments are scrambling to keep up. The massive ICO boom of 2017 and 2018 led to a lot of bad actors entering the scene which has put the entire ecosystem in the spot light for regulators. Bitcoin regulation is not a bad thing, it is necessary to protect traders and investors from bad actors though governments will often use this as an excuse to clamp down on crypto companies. The nations of Asia appear to be further ahead with bitcoin regulation with Japan and Singapore leading the way. The US has procrastinated thus far but moves are afoot to accelerate the process as institutional interest increases and new bitcoin investment products await regulatory approval. At Bitcoinist we have access to the latest news and updates on regulation efforts around the world as nations either warm to crypto or decide to prevent their people using it.
‘Money Has Changed Over Time’: US Supreme Court Cites Bitcoin in Positive Light
While traders and naysayers alike fret over bitcoin price, the market leader quietly achieved a first in its history. On...
Bitcoin Traders in Ireland Accuse Banks of ‘Cryptocurrency Profiling’
It is not a happy time for Bitcoin brokers in Ireland. Reports indicate that Irish banks are denying financial services...
Cryptocurrencies Could Make Banks Obsolete, Says Malta Bankers Association Head
As Malta cements its position as major cryptocurrency hub in the global landscape Marcel Cassar, the new Malta Bankers Association...
Russia to Classify Cryptocurrencies as ‘Digital Rights’
Following an earlier push for legislative measures to regulate cryptocurrencies, Russia moves to determine how they would be classified by...
International Watchdog to Introduce Binding Regulations for Cryptocurrency Exchanges
The Financial Action Task Force (FATF) - a multi-national agency tasked with combating global financial criminal activity, will discuss developing...
India ‘Not in Favor’ of Banning Cryptocurrency (Reports)
The Indian government is reportedly “not in favor” of banning cryptocurrency, new sources claim June 13. Gov't vs. Central Bank...
Lithuania ICO Guidelines: ‘Brave New Crypto Economy Is Here To Stay’
Lithuania’s finance ministry has unveiled new ICO guidelines, continuing its efforts to unite sections of the country’s finance sector and...
