カテゴリー: Cryptocurrency

How South Korean Government Prevents Officials from Insider Crypto Trading

How South Korean Government Prevents Officials From Crypto Insider TradingSouth Korea currently has no law against government officials insider trading with the knowledge of cryptocurrency regulations. The case against an employee of the country’s Financial Supervisory Service (FSS) accused of crypto insider trading has come to a standstill without grounds for punishment. However, the government has worked out a plan to prevent future occurrences. […]

The post How South Korean Government Prevents Officials from Insider Crypto Trading appeared first on Bitcoin News.

Smartbtc Sees the Need for Centralized Python-Based Smart Contracts

Smartbtc Sees the Need for Centralized Python-Based Smart ContractsJust recently the startup Smartbtc announced the execution of a bitcoin-based smart contract written in the Python codebase. The team intended to grow their Twitter following by creating a contract that paid 0.011 BTC after it accrued 1,000 followers in sixty days. After the goal was met, Smartbtc’s Python contract executed on February 19. Also […]

The post Smartbtc Sees the Need for Centralized Python-Based Smart Contracts appeared first on Bitcoin News.

Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million

Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Now AvailableVenezuela has announced that the pre-sale of its oil-backed cryptocurrency, the petro, has attracted $735 million on the first day. The government has also published a buyer’s manual and confirmed that buyers can use “hard currencies and cryptocurrencies, but not bolivars.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Petro Pre-Sale Starts The private […]

The post Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million appeared first on Bitcoin News.

South Korea Supports ‘Normal’ Cryptocurrency Transactions

South Korean Regulator Supports 'Normal' Cryptocurrency TransactionsThe director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director of […]

The post South Korea Supports ‘Normal’ Cryptocurrency Transactions appeared first on Bitcoin News.

US Lawmakers Eye National Crypto Regulation

US Lawmakers Eye National Crypto RegulationGun control? Russia? Health care? Members of the US House of Representatives and Senate in both parties tend to differ, and often vehemently. Similar to issues of national security and war, however, it appears cryptocurrency regulation is decidedly less divisive. Both traditionally pro-market Republicans and open-minded Democrats are producing bipartisan rhetoric in support of federal […]

The post US Lawmakers Eye National Crypto Regulation appeared first on Bitcoin News.

Crypto Index Fund Bitwise Delivers 45% Return in First Two Months

Crypto Index Fund Bitwise Delivers 45% Return in First Two MonthsThese days more players on Wall Street are adopting bitcoin as a new vehicle that can potentially deliver amazing growth opportunities, and traditional investors are reaping the benefits. An index fund operated by Bitwise, for example, has delivered a 45% return in its first two months. Also Read: Cryptocurrency Regulator Found Dead at His Home […]

The post Crypto Index Fund Bitwise Delivers 45% Return in First Two Months appeared first on Bitcoin News.

Japanese Crypto Exchanges Tap Star Power for Marketing Arms Race

Japanese Crypto Exchanges Tap Star Power for Marketing Arms RaceJapanese cryptocurrency exchanges have been very active in advertising their services. Several exchanges including Bitflyer, DMM Bitcoin, Tech Bureau’s Zaif and the hacked exchange Coincheck have been tapping into star power and launching TV commercials with original music. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Japanese Exchanges’ TV Commercials Japanese cryptocurrency exchanges have […]

The post Japanese Crypto Exchanges Tap Star Power for Marketing Arms Race appeared first on Bitcoin News.

Israel Tax Authority: Bitcoin is Property, Not Currency

Israel Tax Authority: Bitcoin is Property, Not CurrencyIsrael Tax Authority issued a professional circular on February 19 (4 Adar 5768), clarifying the country’s tax policy on cryptocurrencies in general and bitcoin in particular. “Bitcoin and its like” are discussed in what’s referred to as a “final circular” on crypto and value-added tax (VAT) along with capital gains. Also read: Switzerland Enacts ICO Guidelines […]

The post Israel Tax Authority: Bitcoin is Property, Not Currency appeared first on Bitcoin News.

Rural Russia Prepares to Attract Crypto Loans

Rural Russia Prepares to Attract Crypto LoansA proposal was presented at the Russian Expert Council for Non-Bank Credit Organizations to allow rural businesses in the country to receive crypto loans to attract funds from abroad. The chairman of the council, a State Duma member, is asking rural credit cooperatives to study and educate rural residents on cryptocurrency. Also read: Indians Look to […]

The post Rural Russia Prepares to Attract Crypto Loans appeared first on Bitcoin News.

Spain Mulls Tax Breaks for Blockchain and Crypto Firms

Spain Mulls Tax Breaks for Blockchain and Crypto FirmsProposals to introduce tax exemptions for companies using blockchain technologies and cryptocurrency have been put on the table in Spain. The ruling People’s Party is preparing new legislation that will also offer incentives to entrepreneurs raising funds through ICOs. If lawmakers adopt the amendments, investors will not be required to report crypto assets under certain […]

The post Spain Mulls Tax Breaks for Blockchain and Crypto Firms appeared first on Bitcoin News.