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Posts published in “Bitcoin Regulation”

Operation Cryptosweep: Cryptocurrency Scammers Beware

A joint force, comprised of regulatory bodies from the U.S. and Canada, has announced that they will be facing cryptocurrency scams head-on and will investigate companies which do not practice the best principles. Coming Together to Form ‘Operation Cryptosweep’ The Texas State Securities Board has just announced that they have joined a joint American and Canadian force to help combat fraudulent cryptocurrency-related operations. The TSB will be one of the force’s 40 organizations, which originate from

The post Operation Cryptosweep: Cryptocurrency Scammers Beware appeared first on Bitcoinist.com.

4 Reasons for Bitcoin’s Price Volatility

It goes without saying that the Bitcoin price index has been on a rollercoaster ride, especially in Q4 2017 and Q1 2018. Why such extreme volatility? Here are four possible culprits contributing to the wild price swings. At this time last year, Bitcoin was trading at a price slightly higher than $2,000, according to CoinMarketCap. By the end of 2017, it had reached its all-time high (ATH) of around $20,000 and a market cap of

The post 4 Reasons for Bitcoin’s Price Volatility appeared first on Bitcoinist.com.

Parity Forced to Shut Down ICO Passport Service (PICOPS) Due to GDPR

Parity, the wallet and blockchain provider, is shutting down its PICOPS platform effective May 24, 2018, due to complications stemming from the new EU GDPR guidelines. The company announced the decision in a blog post on its website on May 18. PICOPS: The Latest Casualty of the New EU GDPR The General Data Protection Law (GDPR) of the EU is causing problems for blockchain and cryptocurrency. Part of the fundamental principle of the blockchain is

The post Parity Forced to Shut Down ICO Passport Service (PICOPS) Due to GDPR appeared first on Bitcoinist.com.

Monex Owned Coincheck Confirms Delisting of Privacy Coins

CoinCheck has plans to remove 3 privacy coins – Monero, Dash, and Zcash – from their platform along with an ERC-20 token which elicits gambling on a non-regulated platform. Cryptocurrency Privacy: Is It Under Attack? Coincheck has just announced that they will be ceasing the trading of 4 cryptocurrencies on their platform. These currencies being Monero, Dash, ZCash, and Augur, listed in order of market capitalization. Coincheck plans for the delisting of these projects to

The post Monex Owned Coincheck Confirms Delisting of Privacy Coins appeared first on Bitcoinist.com.

Thailand Temporarily Bans ICOs, Waives Cryptocurrency Tax

Following new cryptocurrencies regulations that came into force Monday, Thailand is grappling with how to regulate and tax the burgeoning market as the public weighs in. Regulations on the Horizon The Thai government will waive the previously planned 7 percent value-added tax (VAT) for individual cryptocurrency investors and temporarily prohibit any new initial coin offerings (ICOs), national media reported Wednesday. “After the digital asset decree became effective on Monday, new ICOs cannot be launched until related regulations

The post Thailand Temporarily Bans ICOs, Waives Cryptocurrency Tax appeared first on Bitcoinist.com.

More Crypto Exchanges Set up Shop in India Despite RBI Ban

Despite the RBI ban, there are reports of more cryptocurrency exchange platforms springing up in India. The country’s apex bank issued a directive in April prohibiting banks from facilitating crypto transactions. New Local Exchange Platforms Beginning in July, India’s banks must comply with the RBI crypto ban. However, just two days after the proclamation, CoinDCX announced that it was beginning operations in the country. The platform will even provide trade tracking services for Indians in rupees.

The post More Crypto Exchanges Set up Shop in India Despite RBI Ban appeared first on Bitcoinist.com.

FUD No More: South Korea Set to Adopt G20’s Unified Cryptocurrency Regulations

As the G20 works to create a set of “unified regulations” in regards to cryptocurrencies, the government of South Korea — the third largest cryptocurrency market in the world — reportedly plans on playing ball with whichever policies the international forum of governments and central bank governors put into place. ‘We Will Step up Efforts to Improve Things’ According to China Money Network, local media has also reported that Korean regulators have agreed to apply the Financial

The post FUD No More: South Korea Set to Adopt G20’s Unified Cryptocurrency Regulations appeared first on Bitcoinist.com.

Russia Moves to Regulate Crypto, Issues First Commercial Bonds via Blockchain

Russia’s State Duma Committee on State Construction is to support the first reading of a regulatory proposition which is to incorporate the fundamental rules for the digital economy in the country’s Civil Code. At the same time, a leading Russian bank issues the first commercial bonds carried out via Blockchain-based technology. Russia is making serious efforts towards dominating the booming industry of blockchain technology, claiming that it will eventually belong to them. In April of

The post Russia Moves to Regulate Crypto, Issues First Commercial Bonds via Blockchain appeared first on Bitcoinist.com.

US Securities and Exchange Commission Launches ‘HoweyCoins’ ICO

In a surprising turn of events, the US Securities and Exchange Commission has launched its own initial coin offering dubbed HoweyCoins. ‘A Hot Investment Opportunity’ Anyone looking for a hot new initial coin offering (ICO) should look no further than the US Securities and Exchange Commission’s brand new token sale for HoweyCoins. States the regulatory authority in an official press release: If you’ve ever been tempted to buy into a hot investment opportunity linked with

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Users Call Revolt As Bitfinex Demands Tax Information

Cryptocurrency users are reacting after exchange Bitfinex has told traders they must confirm their tax status in order to use its services. Bitfinex: We Need Tax Info By May 24 In a message to account holders, Bitfinex, which is registered in the British Virgin Islands (BVI), said it was “required” to gain evidence of tax status, which users must provide themselves by May 24. “Pursuant to BVI law, we are required to obtain self-certifications from

The post Users Call Revolt As Bitfinex Demands Tax Information appeared first on Bitcoinist.com.

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