Thursday, June 27, 2019
Investigators from the income tax department of India have conducted onsite searches at the offices of the country’s top nine bitcoin exchanges early on Wednesday morning. Also Read: Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin Government officials told the Indian news agency PTI that multiple teams...
Kenya’s Treasury Secretary has been tasked with the responsibility of investigating the current state of cryptocurrency adoption in the country, which has so far been growing with no regulations. In a couple of weeks, he is to give his report to parliament, advising them how to proceed with regulating...
U.S. lawmakers are eyeing the formation of a new task force to combat the use of cryptocurrency in financing terrorism and other illicit uses.Introduced to Congress by House Representative Ted Budd (Republican) of North Carolina on Jan. 10, a new bill aims to establish the team, dubbed the Independent Financial Technology Task...
Having issued a stark warning to “all parties” against any use of “virtual currency”, Bank Indonesia has now joined forces with local police to prevent bitcoin transactions where they are most likely to take place – in Bali. The island, a popular holiday destination with tourists spending both fiat...
The Indian government has been cracking down on cryptocurrency-related tax evasion. While the tax authority has notified crypto exchanges and wealthy traders that they must pay taxes, no clear guidelines have been provided. Indians are confused about how cryptocurrencies are taxed and seven bitcoin exchanges are asking the regulators...
A bitcoin-friendly U.S. lawmaker is hoping to get members of Congress to disclose their holdings of cryptocurrency assets.In a written petition sent to the House Committee on Ethics dated Feb. 5, Colorado House Representative Jared Polis argued that, because cryptocurrency assets are regarded as commodities by several agencies, Congress members should...
A senior official for Zimbabwe's central bank is casting doubt on the legality of bitcoin in the country.As quoted by local news source Chronicle, Norman Mataruka, director and registrar for the Reserve Bank of Zimbabwe, said that "bitcoin ... is not actually legal" for use within the country.Mataruka went...
Just recently, the Bank Negara Malaysia (BNM), the country’s central bank, has issued drafted digital currency regulatory guidelines for citizens and businesses residing in the region. The new regulations will fall under the country’s anti-money laundering and anti-terrorism financing act of 2001. If the guidelines are approved, cryptocurrency trading...
Two committees of the U.S. Commodity Futures Trading Commission will hold meetings this month on digital currency matters, including the self-certification process used to approve new cryptocurrency derivatives products.In a statement issued Thursday, CFTC chairman J. Christopher Giancarlo said the commission's technology advisory committee would discuss how virtual currencies...
Christopher Pallotta and Vincent Molinari are the co-founders of Templum, an alternative trading system designed for cryptographic assets.The following article is an exclusive contribution to CoinDesk's 2017 in Review.As we enter 2018, it appears that blockchain's contribution to capital formation has only begun. An unfortunate influx of both naive and bad actors...