Category: Regulations
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Huobi Informs Users on Decision to Launch P2P Trading in India
Following several announcements of plans for global expansion, this week crypto exchange Huobi has reportedly informed Indian users of its intentions to present them with a P2P platform that allows trading in Indian rupee. The email notice published by local media promises zero transaction fees for exchanging BTC, ETH, and USDT. Also read: 3 Million…
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Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov
Residents of Rostov, the Russian port city on the Don River, are enjoying a growing number of bitcoin-related services. Some crypto-savvy taxi drivers have started accepting Bitcoin Cash (BCH), and several BTC teller machines have been installed in supermarkets. All that happens while officials in Moscow are still mulling over the legislation needed to regulate…
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Clear Regulations Result in High Volumes of Crypto Trading, According to Morgan Stanley
Morgan Stanley has been researching the financial sector for decades and gained universal acclaim as it was able to provide governments and other institutions valuable insights, which have significantly aided their development. The company has just released a new research which targeted crypto markets, specifically exchanges. The research measured trading volumes in different regions and…
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CFTC Chairman Does Not Expect to See Crypto Regulation Resolved Anytime Soon
Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo has recently spoken on CNBC’s “Fast Money” segment, touching the topic of cryptocurrency regulation. Many believe the lack of clear regulatory framework is the biggest obstacle, stopping big institutional investors from entering the virtual currency market. The chair of CFTC was skeptical about the regulation being introduced…
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Taiwanese Bitcoin Regulations Expected by November 2018
Taiwan’s Minister of Justice has indicated that the country is anticipating to have implemented a regulatory apparatus for cryptocurrencies by November 2018. The Minister made comments revealing the expected deadline during a recent anti-money laundering conference. Also Read: Venezuela Shuts Down Two Cryptocurrency Exchanges Cryptocurrency Regulations Expected to be Enacted in Taiwan Before 2019 High-ranking Taiwanese…
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France Slashes Tax Rate on Cryptocurrency Sales from 45% to 19%
France has cut the tax rate on cryptocurrency sales from 45% to a flat rate of 19% in a reclassification move by the Council of State. The Conseil d’Etat (Council of State), France’s supreme overseer on matters of legal administration announced on Thursday that sales of bitcoin would no longer fall under the classification of…
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Bitcoin in Brief Friday: World Satoshi Summit Canceled, Pump and Dump Scheme Exposed
In today’s Bitcoin in Brief we’re covering disappointing news for the crypto community: the World Satoshi Summit in Delhi has been canceled because of “regulatory issues” according to its organizers. Also, an alleged crypto pump and dump scheme has been exposed. There is more than one opinion on the case, as you’ll see below. Also…
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New Party in Ukraine to Fund Itself Only with Cryptos
A newly formed party in Ukraine has vowed to rely only on cryptocurrency contributions to sustain its activity and never to accept money from the oligarchs. Weakening state control over economy and expanding civil liberties are among its main political priorities. The party wants to protect the interests of people and companies from the IT…
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Georgia Has Become Eurasia’s Cryptocurrency Mining Epicenter
Typically when people think of bitcoin mining operations they look to countries like Iceland and mainland China. However, most people do not know that the small country of Georgia, a region of Eurasia, is ranked the second most profitable area in the world for cryptocurrency mining just below China. Also read: Russian Regulators Draft Law to…