Cryptocurrencies and blockchain technology, from regulations, to mass adoption to optimize services, has been a hot topic for governmental institutions all over the world. A recent statement issued by the President of Uzbekistan, Mr. Shavkat Mirziyoev, reveals...
A committee of tax experts seeks to advise the government of the Asian country on the process of simplifying taxes on cryptocurrencies.
The committee met earlier this week to discuss the proposal to change the current cryptocurrency tax filing system....
Hong Kong’s central bank will launch its own blockchain-based trade finance solution, in conjunction with 21 other banks, according to sources. This joint initiative of the Hong Kong Monetary Authority and the FinTech subsidiary of the China...
It also applies to institutions that conduct big operations
with foreign currencies
Decree 3.719, published in Official Gazette No. 6.420
of the Bolivarian Republic of Venezuela, indicates that the persons or
companies that conduct operations with...
United Kingdom authorities have opened a 24 investigation into cryptocurrency businesses over financial regulatory compliance issues.
As the local media outlet, CityWire, reported on May 25th, responding to a freedom of information request, UK’s Financial Conduct Authority (FCA)...
The CEO of Ripple affirms that BTC will never be the global currency.
Brad Garlinghouse, CEO of Ripple, was recently interviewed by CNBC, and stated that he does not believe that Bitcoin will become the global currency. He added that it...
MasterCard applies for a blockchain-based payment system patent that would link fiat and cryptocurrency accounts.
MasterCard, one of the largest financial services organization which processes the transactions carried out on credit cards operated by a range of banks and other...
Venezuelan leader Nicolas Maduro recently announced the introduction of a new fiat currency, the Sovereign Bolívar (Bolivar Soberano,) which is the same as the old Bolívar Fuerte, but with five fewer zeros as a way to counter...
According to official sources, Line users from Japan and the United States will not be able to use instant messages service’s own cryptocurrency due to licensing issues. Despite plans of the Line Corporation to issue its own...
It was reported that 60% of the trading
value of Tether is exchanged in Chinese exchange houses. Analysts consider that
regulated and unregulated exchanges have similar markets.
The Tether market in China could be proof...
