After a tumultuous start to the year, the Republic of Korea’s Financial Supervisory Service has a new governor. Judging by recent statements, his official appointment may have implications for cryptocurrency.
<h1>India Sees Rise In Cryptocurrency Trading Volumes Despite Ban</h1>
Investors could be taking advantage of a three-month window before a Reserve Bank of India cryptocurrency ban comes into place.
<h1>Maduro Announces That Venezuelan Petro Will Fund Youth Bank</h1>
Venezuela’s president announced that 20 million petros, the country’s cryptocurrency, would be used to fund a bank for youth projects.
<h1>Much Ado About Blockchain During UK Parliament Treasury Committee Hearing</h1>
In a remarkably detailed hearing on digital currencies, members of the United Kingdom’s Parliament asked industry stakeholders and experts about the possible advantages and disadvantages of blockchain.
<h1>Bermuda Passes FinTech Bill And Develops An Agreement With Binance</h1>
Bermuda’s lower house of parliament has passed an act to regulate ICOs and encourage growth of the island’s FinTech industry, just after announcing the country entered a $15 million agreement with Binance.
<h1>Cryptocurrency In France Considered ‘Movable Property,’ Traders Get Tax Break</h1>
After challenges by French taxpayers, the French Council of State ruled that cryptocurrencies are “moveable property,” and reduced the applicable tax rate from 45 percent to 19 percent.
<h1>Binance CEO Meets With Alleged Autocrat, Announces Togo Project</h1>
Many blockchain enthusiasts like to describe the technology as a tool that will allow users to seize self-determination. Meanwhile, one blockchain firm appears poised to play ball with Faure Gnassingbé, who is widely considered to be a dictator.
<h1>Banque de France Emphasizes Global Strategy For Cryptocurrency Regulation</h1>
On Tuesday, the governor of France’s central bank called for “internationally harmonized answers” to address the potential risks of cryptocurrencies.
<h1>South Korea To Establish Startup Hub To Tackle Youth Unemployment, Focus On Blockchain</h1>
To combat a mounting unemployment crisis, the Korean government is attempting to cultivate new blockchain businesses, among other startups.
<h1>Delhi High Court To Review Reserve Bank Of India’s Ban On Cryptocurrency Banking Services</h1>
The Reserve Bank of India’s recent prohibition on banking services for crypto-related companies is to be examined by the Delhi High Court, which could decide the future of crypto in India.
<h1>Authorities In Crimea Discuss Cryptocurrency Fund To Undermine Sanctions</h1>
In order to circumvent sanctions against Russia, a cryptocurrency fund may be established in Crimea, where a high-ranking Russian legislator has also discussed establishing a so-called “cryptocurrency haven.”
<h1>IMF’s Lagarde Encourages ‘Even-Handed’ Crypto Regulation</h1>
Managing director of the International Monetary Fund Christine Lagarde warned regulators against overly regulating cryptocurrency, and supported a balanced approach that leaves room for innovation.
<h1>Moscow’s Chinese Merchants Using OTC Cryptocurrency For Bank-Free Money Transfers</h1>
A department head with the Central Bank of Russia has said that many of the predominantly Chinese traders at informal marketplaces in Moscow are converting their earnings to cryptocurrency and sending them back to China.
<h1>World Bank Still Eyeing Blockchain</h1>
It has been almost five months since the World Bank published its cautiously optimistic FinTech report on blockchain technology. New official documentation reaffirms that distributed ledgers are not quite ready for prime time – but cautions against waiting for perfect solutions.
<h1>World Bank Still Eyeing Blockchain</h1>
It has been almost five months since the World Bank published its cautiously optimistic FinTech report on blockchain technology. New official documentation reaffirms that distributed ledgers are not quite ready for prime time – but cautions against waiting for perfect solutions.
<h1>Philippine SEC Defines Cloud Mining Contracts As Securities</h1>
Cryptocurrency cloud mining contracts will now be considered securities in the Philippines, and entities that intend to sell them must apply for licensure.
<h1>Digital Day 2018 Highlights EU Blockchain Partnership Initiative</h1>
The European Commission brought prominent digital technology stakeholders from across Europe together with the aim of reaching joint commitments to bolster the European Union’s digital future.
<h1>Polish Tax Policy Worries Cryptocurrency Traders</h1>
On Wednesday, Poland’s Ministry of Finance published a notice about the tax treatment of cryptocurrencies, detailing applicable rules and requirements. The repercussions of the guidance have only been realized in the last several days.
<h1>Cryptocurrency Subject To Income, Capital Gains Taxes In South Africa</h1>
SARS recently clarified that, for now, it will not be creating new tax rules for cryptocurrencies. Gains and losses will need to be reported as assets under existing laws.
<h1>Reserve Bank Of India Prohibits Banking Services For Cryptocurrency Firms</h1>
On Thursday, the Reserve Bank of India (RBI) barred regulated entities from working with businesses or individuals dealing with cryptocurrencies. However, the RBI also addressed the possibility of a central bank digital currency.
