Tag: Regulation

South African Revenue Service (SARS) Exploring Blockchain for Tax Declarations

South African Revenue Service (SARS) Exploring Blockchain for Tax Declarations

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Cryptocurrency continues to receive a lot of interest in South Africa, especially considering recent news of land expropriation and government corruption. Citizens are understandably concerned about the future of South Africa's economy and are looking for other means to store wealth. Du ...
Japan’s FSA Prepares to Punish Major Cryptocurrency Exchanges, Again

Japan’s FSA Prepares to Punish Major Cryptocurrency Exchanges, Again

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Japan’s Financial Services Agency (FSA) is yet again preparing to hand down punishment to several major cryptocurrency exchange operators in the country, including prominent exchange bitFlyer. The move represents the third time in just one year that the FSA has had to reproach digital a ...
Strong Market Recovery Following SEC Securities Announcement

Strong Market Recovery Following SEC Securities Announcement

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Today has seen improvement across the board for the majority of cryptocurrencies following yesterday's announcement by the SEC that Ethereum (ETH) will not be considered a security. The past few weeks saw significant distress amongst various cryptocurrencies, particularly Ethereum and R ...
SEC Says Ether Is Not A Security

SEC Says Ether Is Not A Security

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Perhaps the biggest question in crypto at the moment has been, are Ether and Bitcoin securities? Well, today, Thursday 14th June, that question has finally been officially answered by the SEC. William Hinman, the U.S SEC Director of Corporate Finance announced that the SEC will not class ...
German Government Cashes in On Seized Crypto Worth $14 Million

German Government Cashes in On Seized Crypto Worth $14 Million

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The German federal state of Bavaria has struck gold! Bitcoin Gold that is - not to mention Bitcoin Cash, plain old Bitcoin, and Ethereum.   In a landmark sale of seized assets, prosecutors earned the government almost $14 million (€12 million) selling cryptocurrency that had been recove ...
Seoul’s Mayor Promising City Cryptocurrency and Support for Blockchain Startups

Seoul’s Mayor Promising City Cryptocurrency and Support for Blockchain Startups

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In a bid for reelection, Seoul’s mayor, Park Won-soon, has promised local government support for blockchain startups and even the creation of a new cryptocurrency, the “S Coin”, for use in South Korea’s capital.   Describing Seoul as the “world’s leading city in ICT” he said that it was ...
Chilean Crypto-Exchanges Cry Out for Clearer Regulation

Chilean Crypto-Exchanges Cry Out for Clearer Regulation

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After having their bank accounts closed without warning, two cryptocurrency exchanges in Chile are calling on government regulators to give some much needed guidance to a confused crypto industry. Bitcoin exchange BUDA and Ethereum trading platform CryptoMKT have released a public stat ...

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