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Witnessing the digital breakthrough
South Korea Prepared a New Bill to Regulate Digital Assets
Legislation   |   27.11.19  |  

South Korea's National Policy Committee passed a bill according to which cryptocurrencies are classified as digital assets The South Korean National Policy Committee, which is a department of the National Assembly of the country, passed a bill according to which cryptocurrencies are classified as digital assets, Korea JoongAng Daily reports . This step should establish the rules and requirements for their further performance. According to the Financial Services Commission (FSC), the decision of...

Crypto Taxes: A New Tax for a New Currency
India   |   11.11.19  |  

The cryptocurrency market in India is presently quite uncertain. There aren’t clear tax regulations when it comes to cryptocurrencies, but nevertheless, it continues to develop Cryptocurrencies could possibly the future of money. These digital assets utilize strong cryptography to secure and regulate transactions. Any cryptocurrency has to meet 6 conditions. The system should not have central control, it should be regulated through distributed consensus. The blockchain or ledger should contain...

The Tale of SEC Regulating Telegram
Bnt-reviews   |   17.10.19  |  

The story of TON is happening live, in front of the whole world. It is full of obscure, contradictory, unsaid things, and every day brings a fresh batch of news and rumors It’s easiest to speak about events that happened a long time ago: put the right accents, check the facts, evaluate the consequences and bring the whole story to a logical conclusion. However, the story of TON is happening right now, live, in front of the eyes of the whole world. It has a lot of obscure, contradictory, unsaid...

Bermuda Allowed to Pay Taxes with Cryptocurrency
Innovations   |   17.10.19  |  

Bermuda is the first sovereign territory to support the USDC as a means of tax payment for approximately 60,000 residents Bermuda residents can now pay taxes with cryptocurrency: the Bermuda government has announced that it will accept USDC payments “for taxes, fees and other government services.” This is stated in the press release of crypto finance startup Circle. USDC is a stablecoin pegged to the US dollar, launched a year ago by Coinbase and Circle. Thus, Bermuda is the first sovereign territory...

Bank of England’s Governor Emerges as a Libra Supporter Among Critics
Cryptocurrencies   |   16.10.19  |  

His views are that the transactions should be almost instantaneous and virtually free. It’s unknown whether Libra will handle that much volume due to restrictions on scalability Mark CARNEY , who is the governor of the Bank of England has been a very active supportive voice for Facebook’s new digital project. In fact, he may just be the only person in a “position of power” who hasn’t directly criticized the project and is doing quite a lot for its popularity. Carney’s words are directly projecting...

The G7 Agreed That Global Stablecoins are a Real Challenge for Financial Stability
Legislation   |   14.10.19  |  

The G7 has prepared a report stating that stable coins operating on a global level pose a serious threat to the financial stability of the world The G7, which is comprised of the largest seven economies all over the world has drafted a report where they all agree that stablecoins that operate on a global level pose a serious threat to the financial stability of the modern world. According to that report , any stablecoin who has the ambition to perform on a global level should not be allowed to...

FATF Week Participants To Discuss Stablecoins and Their Risks
Legislation   |   14.10.19  |  

FATF Week has started, where representatives of 205 countries and jurisdictions, as well as the IMF, the UN, the World Bank and other organizations will discuss virtual assets On October 13, the FATF Week started, where representatives of 205 countries and jurisdictions, as well as the IMF, UN, World Bank and other organizations will discuss issues related to stablecoins and virtual assets, as well as the risks associated with them. The FATF will also brief the G20 on these issues. The plenary...

Legislative Сhanges in September 2019: Switzerland is Loyal, Others are Not
Regulation   |   10.10.19  |  

In September, different European regulators developed laws regarding cryptocurrencies. Bitnewstoday reviewed the innovations and which countries adopted the amendments In September, European regulators drafted regular laws regarding cryptocurrencies. Bitnewstoday got acquainted with what the innovations are and which countries have adopted the amendments. Switzerland FINMA, the banking sector regulator, reported on the licensing process for the Libra Association, which is based in Geneva. At least...

The Review of SEC Activity for 9 Months of 2019
Bnt-reviews   |   10.10.19  |  

The United States Securities and Exchange Commission (SEC) plays a large role in the crypto market. Who fell out of favor with the SEC in 2019, as well as about the most high-profile statements — read the article The actions of SEC and the statements of its representatives can both crash the cryptocurrency market as well as cheer up its participants. BNT provides an overview of the activities of the SEC for the nine months of 2019. Opinions March 2019. Some stablecoins may be regarded as securities...

Crypto Donations to Political Parties in Japan Will Not Be Subject to Regulation
Japan   |   09.10.19  |  

Crypto donations to political parties have been deemed completely legal without having to adhere to any type of regulations It may be hard to believe that this got past the parliament, but crypto donations to political parties have been deemed completely legal without having to adhere to any type of regulations. But what are the regulations for donating to political parties? Disclosure, of course. Whenever an individual or a corporation makes a donation they need to specify what they are giving...


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