カテゴリー: international

ATO to Target Crypto Traders Using International Data Agreements

ATO to Target Crypto Traders Using International Data AgreementsAustralia’s financial press is expecting that the Australian Taxation Office (ATO) will take a hard stance on cryptocurrency investors this tax season, with the ATO recently vowing to leverage international data-matching agreements in order to track the taxation obligations of Australian cryptocurrency traders. Also Read: The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades […]

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Retail Adoption of Crypto Would “Bring the Internet to a Halt” – BIS Report

Retail Adoption of Crypto Would "Bring the Internet to a "Halt" - BIS ReportThe Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would […]

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BIS GM Argues New Cryptos Are “the Alchemy of the Age of Innovation”

BIS GM Argues New Cryptos are "the Alchemy of the Age of Innovation"The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to “fosters international monetary and financial cooperation and serves as a bank for central banks,” recently published its quarterly review of “International banking and financial market developments” for June 2018. The report includes an op-ed written by […]

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China to Block Access to International Cryptocurrency Exchanges

China to Block Access to International Cryptocurrency ExchangesWe know you heard this one before, but China wants to ban bitcoin…again. Only this time the government plans to use one of its most far reaching tools, the Great Firewall of China, to completely prevent anyone in the country from reaching foreign exchange sites. Unless they have the technical capability to bypass it, of […]

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International Market Maintains Demand for Chinese Cryptocurrency Mining Hardware

International Market Maintains Demand for Chinese Mining HardwareThe future for manufacturers of bitcoin mining hardware in China appears bright despite reports that the Chinese central government will seek to rein in the power consumption of mining companies operating within its borders. Hong Kong-based media outlet, South China Morning Post, has reported that there is considerable international demand for Chinese mining hardware internationally […]

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South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading

The South Korean government has called for financial regulators and central bankers of 23 other countries as well as 12 organizations, including the International Monetary Fund and the European Union, to collaborate on curbing cryptocurrency trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Other Regulators Urged to Take Action […]

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1 Million Yen, 100 Million INR – Bitcoin Sets New Price Milestones on International Markets

Bitcoin Sets Price Milestones on International MarketsWith all eyes on bitcoin’s meteoric break of $10,000, less attention has been paid to the price milestones recently established on leading international markets. In recent weeks, the CAD, AUD, NZD, and SGD pairings also surpassed $10,000, whilst a single bitcoin exceeds 500,000 RUB in Russia, 1 million JPY in Japan, 10 million KRW in […]

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Citizens of Zimbabwe Use Bitcoin to Access International Markets

Citizens of Zimbabwe Use Bitcoin to Access International MarketsAccording to Yeuki Kusangaya of Zimbabwe-based bitcoin exchange Golix, an increasing number of Zimbabweans are adopting bitcoin as a means to access a variety of international markets. The increasing popularity of bitcoin combined with significant liquidity issues have led to heavily inflated prices in the African nation, with a single bitcoin currently trading for approximately […]

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Russia’s Central Bank Pushes for National Cryptocurrency

Russia’s Central Bank Pushes for National CryptocurrencyThe Russian Central Bank is contemplating creating a national cryptocurrency, after seeing multiple benefits it could bring to the country. This follows First Deputy Prime Minister Igor Shuvalov’s earlier support of introducing the “cryptoruble.” Meanwhile, the bank is skeptical about other cryptocurrencies including bitcoin. Also read: Russia Proposes Adding Cryptocurrency to the Population’s Financial Literacy Strategy […]

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Xero to Offer Cross-Border Payments Through Bitcoin Partnership With Veem

Cloud-based accounting software company Xero has announced that its users can now send cross-border payments using bitcoin technology thanks to a partnership with B2B payments company, Veem. The solidifies a strong year for Veem, who in 2017, having raised $24 million USD, rebranded to Veem from Align Commerce, and integrated their services with Intuit Quickbooks. […]

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