Cryptonews Tags Cryptocurrency

# Cryptocurrency (Page 163)

Revolut Makes Major Crypto Changes, Hints New ‘Cool Features’ (UPDATED)

Major UK-based mobile banking app Revolut is turning more crypto-friendly, as suggested by its upcoming changes in terms and conditions of crypto products. However, the service is still far away from bridging the gap between crypto and traditional finance, as it is not going to allow its customers...

, by Eimantas Žemaitis

Japanese Experts Vote on Jargon after Crypto Called ‘Dubious-sounding’

“What’s in a name?” muses the eponymous heroine of Shakespeare’s Romeo and Juliet. A “rose,” she says “by any other name would smell as sweet.” Not so when it comes to cryptocurrencies, it seems.Some of Japan’s most prominent crypto industry...

Crypto-related Banking Freezes in Brazil, China + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Banking newsA major Brazilian bank has closed the accounts of at least five companies that deal with cryptoassets,...

, by Sead Fadilpašić

South Korean Bitcoin Tax Amendments to Be Unveiled in July

South Korean crypto tax legislation is set for a July rollout. The government appears to have settled on a means of ensuring citizens pay tax on their cryptoasset earnings – and will attempt to tax crypto “like real estate.” Although it has yet to make a formal announcement on the...

Even Russia’s Economy Ministry Doesn’t Want Crypto Ban, Derides Bill

Russia’s long and winding road to crypto regulation has taken another unexpected twist – with the country’s Economy Ministry wading into a bitter dispute between pro-business groups and the crypto-skeptic Central Bank – with experts claiming that a new impasse could see...

Ex-Chinese Central Bank Executive Talks of Bitcoin’s ‘Commercial Success’

The former vice president of People’s Bank of China (PBoC) has spoken out about Bitcoin (BTC), calling it the most successful commercial application of blockchain technology yet – but claiming it also has crucial weaknesses.Per Sina, Wu Xiaoling, who served as the vice president of the...

The Hills Are Alive with the Sound of ECB Money Printers Going BRRR

Crypto enthusiasts will be asking themselves if they can already hear money printers going BRRR in some of the world’s biggest economies – after the European Central Bank (ECB) decided to double down on its emergency bond-buying in the wake of the coronavirus pandemic.Cryptocurrency...

50 Million-user Chat App KakaoTalk Launches Crypto Wallet (UPDATED)

South Korea’s Kakao Group, the operator of the KakaoTalk chat app, has launched its long-awaited crypto wallet Klip – providing most of the country with immediate access to 11 cryptoassets and non-fungible tokens (NFTs). (Updated at 09:45 UTC: updates throughout the entire text).The...

America’s Most Wanted: USD 5m Bounty Offered for Venezuela Crypto Boss

America has slapped a USD 5 million bounty on the head of Joselit Ramírez Camacho, Venezuela’s head of cryptocurrency – accusing him of “having deep political, social and economic ties to multiple alleged narcotics kingpins.”In an official release, the American...

South Korean Gov’t May Introduce Capital Gains Tax on Crypto Earnings

The South Korean government could introduce capital gains tax on crypto earnings – and may unveil its proposals as early as next month.Per a report from Digital Today, the South Korean Ministry of Economy and Finance is seriously considering imposing the same sort of tax rules on crypto...

Russia Sending Mixed Signals: Is China-style Bitcoin Crackdown In Works?

Last week, a leading Russian parliamentarian claimed that Duma financial policymakers were not behind any calls for a ban of cryptocurrencies, such as Bitcoin (BTC). This week starts with worrying news as legal experts and crypto industry leaders have taken aim at a draft bill set to be put before...

Russia Doesn’t Want to Ban Bitcoin – Leading Parliamentarian

The head of Russia’s parliamentary finance commission head has spoken out about new proposed legal amendments, details of which were released in the press – claiming that the measures will not criminalize cryptocurrency, such as bitcoin (BTC), purchases, and could even provide Russian...

Will Easing Lockdown Lead to a Decrease in Bitcoin Trading in Russia?

Financial experts and crypto exchanges say they are confident that as Russia comes out of lockdown, crypto trading and investment will continue to grow. But others warn that some locked-down crypto first-timers will exit the market – although they may not be missed.As previously reported,...

Analyzing the Regulatory Response: Cryptoassets and Digital Assets

Keith Bear is a Fellow at the Cambridge Centre for Alternative Finance, part of the Judge Business School at Cambridge University. Previously, he served as IBM Fintech Head. _____Over the last 2 years we have witnessed multiple trends in the world of digital assets, with the rise and fall of...

, by Keith Bear

Top 5 Catalysts and 4 Obstacles for Bitcoin In Africa

Cryptocurrency is gaining popularity fast in Africa, where a new report claims young people are disillusioned with the conventional financial system and are poised to turn to bitcoin (BTC) and altcoins to power their financial future.The report was co-produced by Arcane Research and the...

New Russian Law ‘Could Hit Illegal Crypto Traders with 7-yr Jail Terms’

The State Duma, the Russian parliament, is reportedly set to vote on new legislation that would propose to make illegal crypto trading a criminal offense that would be punishable with jail time.Per RBC, Telegram users in Russia say that they have seen draft amendments to two Russian laws that...

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