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“To trade or not to trade?” or How Chinese Exchanges Overcome the bitcoin Ban?
*It is a wide-known fact that China had banned bitcoin exchanges. The reason for this ban is the government’s statement that frauds and money laundering took place on the exchanges.* Before these bans, China had a trustworthy role as one of the biggest **cryptocurrency** trading markets. At the same time, this country is ahead with the mining business and became, actually, one of the cente...
Path: BlogIn 2020 Starbucks will allow you to buy coffee using bitcoin
...thousands of people will be able to buy their coffee paying with cryptocurrency. **The largest coffeehouse chain Starbucks entered into a partnership with Bakkt, a digital assets trading platform, to allow its customers to pay for a coffee using bitcoin.** Bakkt is launching a crypto consumer app and merchant portal to enable cryptocurrency transactions for retail customers. Bakkt’s obje...
Path: BlogSEC representative "hopes" bitcoin ETF will be approved
In a recently published interview Robert J. Jackson Jr., a commissioner at the U.S. Securities and Exchange Commission (SEC), has announced his expectations regarding bitcoin Exchange-Traded Fund (EFT). He hopes that soon the time will come and someone will satisfy the standards set by the SEC. As you may know, there was a number of bitcoin-based ETF proposals filed with the SEC in order to re...
Path: BlogIsraeli court determined bitcoin as an asset
An Israeli court has recently ruled that bitcoin is an asset and not legal currency. This is crucial a decision since it means profits earned selling cryptocurrency will now be liable to capital gains tax. Lod’s Central District Court rejected an appeal from a founder of a crypto startup who argued that profits from the sale of cryptocurrency should be exempted from taxes. The claimant state...
Path: BlogLolli: how legit is the customer loyalty program that rewards users in bitcoin
...ine. Even better, imagine getting paid in cryptocurrency while shopping online. Sound good? A new customer rewards platform called Lolli thinks so and is paving the way for a new cryptocurrency cashback model. Or perhaps it should be coined the new bitcoinback model? Either way, users of the service will receive rewards in bitcoin when shopping at one of Lolli’s participating online retailers. ...
Path: BlogThe government of Zimbabwe is willing to treat bitcoin same way Switzerland does
Recently **Mthuli Ncube, the new minister of Finance in the Republic of Zimbabwe has stated that it is in the country’s interest to enforce bitcoin at a national level**,similar to the way Switzerland does. Referring to the Swiss central bank’s “investment and understanding” in bitcoin, the financial minister said he will communicate with the Reserve Bank of Zimbabwe (RBZ) to follow t...
Path: BlogLegal bitcoin to be!
The recent research, conducted jointly by Blockchain analytics company Elliptic, researchers from Massachusetts Institute of Technology (MIT) and tech giant IBM, showed an overwhelming bitcoin transaction clearness. The aforesaid partnership was organized in order to use deep learning developments and analyze bitcoin transactions in the context of measures to detect illicit activities, such a...
Path: Blogbitcoin and its possible impact on insurance
...hout having to spend too much money or wait too long for a reply. International financial transactions have also become more straightforward and hassle-free. One of the significant technological strides in the financial sector is the invention of bitcoin. **bitcoin is a new type of currency which can be used in financial transactions without the need for a middleman** (usually banks). bitcoin w...
Path: Blogbitcoin Mining Faces Rumors in China
Major bitcoin mining companies in **China** were shocked by the news about power cancelation. Rumors claimed that the power companies are up to cutting off electrical supply of the mining rigs. However, soon after this report was promulgated, the information changed drastically. Sichuan Electric Power company published an article where **bitcoin mining** was indicated as an illegal activity a...
Path: BlogNorwegian airline’s customers may be able to purchase flight tickets with bitcoin
...from our side,” said the NBX’s CEO in the interview. Crypto-airline collab may widespread advanced solutions this spring. The project will be likely rolled out as early as next month but it is still unclear which digital currencies apart from bitcoin will be accepted. Although bitcoin is the best-known digital currency, there is a possibility that the list of supported cryptocurrencies will...
Path: BlogChinese court: bitcoin is a property with "economic value" and must be protected by law
Recently a **Chinese arbitration court stated that crypto-assets such as bitcoin have to be considered as property**, regardless of the infamous internal restriction on cryptocurrencies and other digital assets. As it was reported by a local newspaper, the Shenzhen Court of International Arbitration decreed that cryptocurrencies supposed to be legally treated as a property with “economic val...
Path: Blogbitcoin and cryptocurrency litigation
...addition of shops that credit virtual currency as payment. ***Top Cryptocurrencies*** Websites such as CoinMarketCap track cryptocurrencies that are hitting the market and show their current value in dollars. Among the top cryptocurrencies are bitcoin, Ethereum, and Litecoin. * ***bitcoin (BTC).*** It remains to be the most popular form of cryptocurrencies. bitcoin price is at $6,573.69 p...
Path: BlogPossible Effects of bitcoin Halving
March, April, and May were major months for bitcoin (BTC). After a big price dive on March 12th, bitcoin slowly recovered to almost $10,000, where it was before the coronavirus world-wide pandemic crushed into the economy. A large portion of the increase came in the days preceding and following the bitcoin halving last week. In the middle of the May the rewards that bitcoin miners receive in ...
Path: BlogCan bitcoin Replace Gold As the Safe-Haven Asset?
Experts quite a while have attempted to propose a correlation between bitcoin and gold as safe asset to invest. Both assets are suitable as the crypto asset and the gold are used as a macro guarantee against inflation, and the devaluation of fiat currency and traditional equities in unstable markets. As the bitcoin boom continues, it could overtake gold as a safe-haven asset. Nevertheless, evi...
Path: BlogEl Salvador: bitcoin will become legal tender, alongside the US dollar
El Salvador, which uses the US dollar as the go-to fiat, has become the first country in the world to adopt bitcoin as legal tender. With 62 out of 84 possible votes, lawmakers voted in favor of the move to create a law to adopt bitcoin, despite concern about the potential impact on El Salvadors’s program with the International Monetary Fund. President Nayib Bukele’s is known for his love ...
Path: Blogbitcoin fortifying its positions: El Salvador, Paraguay and Beyond
Paraguay is taking steps to accept BTC as a legal tender and continue a trend, set by El Salvador. Nearly for a month, bitcoin has been fluctuating between $30,000 and $40,000. While on the 30th of June BTC price is set to be almost $35,000 , there are signs of bitcoin price increasing significantly in the nearest time. Nayib Bukele, president of El Salvador, last week made a statement tha...
Path: BlogBrief description of the first day of bitcoin usage in daily payment: technical problems and protests
**Due to BBC reports, the first week that bitcoin has been a legal tender in El Salvador resulted in technical problems, protest and cryptocurrency’s sharp fall in market value.** On Tuesday, September the 7th, the price of bitcoin fell from USD 52,000 per coin to USD 43,000, reaching its lowest mark in almost a month. As a result of a cryptocurrency daily usage blurry start one of the poore...
Path: BlogIs Accepting bitcoin a Reasonable Choice for Banks?
The buzz around the **cryptocurrencies** remains and we understand the mixed feeling about it. Many people still think it is just a bubble, whereas others believe that **bitcoin** is the new fiat. Unfortunately, nobody can predict all perspectives for sure and all we have is a forecast and assumptions. The rapid growth of the bitcoin rate and dozens of successful ICOs made many entrepreneurs...
Path: BlogTierion: utilizing the bitcoin blockchain to verify documents
**What Is Tierion?** The Tierion project utilizes **bitcoin’s blockchain to verify documents.** The platform accomplishes this task through a process known as anchoring. Anchoring links documents to exact blocks in bitcoin’s blockchain. The anchored documents are then verifiable at any time without the need of a trusted third-party. Let’s take a moment to examine this unique platform an...
Path: BlogCryptocurrency Exchange License in El Salvador
El Salvador adopted bitcoin as legal tender in June 2021 and became the first country to officially recognize the digital currency at the national level. The government's rapid development of the cryptocurrency sector is supported by tax incentives and exemptions for companies with a cryptocurrency license in El Salvador. Timeframe: within 3 – 4 months Minimum capital requirement: Share c...
Path: LicensingWhat is coin selection and why does it matter?
**Coin selection is the process that describes how the algorithms driving bitcoin choose which of your bitcoins to spend when you approve a spending transaction.** If you have 1.2 BTC in your wallet and you pay out 0.3, you have 0.9 BTC left, right? Well, yes. But it isn’t necessarily that simple. After all, you can have $100 in your physical wallet. That $100 could comprise two fifties...
Path: BlogHedge fund billionaire joined crypto market
...pto market.** Cohen through his venture capital firm, Cohen Private Ventures, made a significant investment in cryptocurrency-focused hedge fund Autonomous Partners, as was stated in the Fortune [article](http://fortune.com/2018/07/12/steven-cohens-bitcoin-crypto-autonomous-partners/){._blank} published on the 12th July. The amount of the investment is not revealed yet. Arianna Simpson, a vent...
Path: BlogWhy cryptocurrency is the future of electronic cash systems
In this article, we’ll look at why cryptocurrency is the future of electronic cash systems. Why it should become the most widely-used type of payment–and how this could impact the future of the global economy. We’ll also discuss why the bitcoin dip and other market factors present both challenges and opportunities. **Consumer Benefits of Cryptocurrency** Since the beginning of the 21...
Path: BlogAlbania is preparing a legal framework for virtual assets
In 2017, the Albanian Central Bank issued a warning to citizens that digital currencies like bitcoin were not under the direct supervision of the domestic banking sector regulations and that such assets carried high levels of risk. **Currently in Albania are no law providing for the regulation, prohibition or penalty in connection with virtual assets and related services.** But to change that...
Path: BlogCovid-19 Effect on Growing Number of Crypto Related Scams
...lso were a main bait in Bitconnect –another scam that was shut down in 2018. As an example could be mentioned another scheme were anonymous group of ‘entrepreneurs’ run the scam bot iCenter, which is a Ponzi scheme for cryptocurrencies such as bitcoin and Litecoin, which promises investors 1.2% daily returns and some of investors iCenter’s Facebook posts promised returns over 2.5% accordin...
Path: BlogPotential PayPal Entry into Cryptocurrency Market
...ryptocurrency sales is highly likely. PayPal have some experience in cryptocurrency market in past, but this would be the first time company directly take a part in industry. PayPal has been working with crypto since 2014 when they started accepting bitcoin, and over the years, company have gained experience with crypto and blockchain technology. Furthermore, PayPal is hiring crypto and blockchain...
Path: BlogFirst central bank issued digital coin in the euro zone
...entral bank digital currency (CBDC) putting Lithuania at the forefront of development of fiat digital currencies. CBDCs are traditional money in digital form, issued and governed by a country’s central bank. In comparison, cryptocurrencies such as bitcoin are produced by solving complex equations, and governed by disparate online communities instead of a centralized governmental body. With na...
Path: BlogLegalization of Cryptocurrencies in Russia
...ative liability for violation of rules involved in the crypto transactions. Decision to legalize cryptocurrencies follows the non-consensual government's attitude towards crypto currencies. In May 2020 Russian government was moving to criminalize bitcoin transactions by proposing new legislation controlling the digital currencies even proposing prohibition on their issuance and circulation with...
Path: BlogGovernment of India working on law to ban crypto trading
.... In the middle of the landmark court judgment, the trading volume of the Indian crypto skyrocketed. Many oversee crypto companies are also entering the Indian market lately. Notably, there is no supportive voice from the Indian lawmakers towards bitcoin or other digital currencies. However, many were hailed for their contribution to the blockchain technology. Millions of dollars worth of bu...
Path: BlogLocal Swiss Authority Planning to Accept Taxes in Cryptocurrency
**Authorities in the Swiss canton of Zug plan to begin accepting taxes in cryptocurrency from the start of next year.** From February 2021, citizens and companies based in Zug will be able to pay of their taxes in either bitcoin (BTC) or Ether (ETH), as the two are the biggest cryptocurrencies in the market. Starting from next year this will be applicable for local citizens and companies as th...
Path: BlogNigeria’s Crypto regulation as a solution for financial services
..., but it is said that if the virtual digital assets can be classified as securities and they will be treated as securities and will fall under the jurisdiction of the SEC. In 2018 Central Bank of Nigeria did declare that crypto-currencies such as bitcoin, Ripple, Monero, Litecoin, Dogecoin and others, were not considered as the money or any other means of payment. Although new regulation has no...
Path: BlogA raising trend of investment scams in Australia
... that current level of fraud schemes, associated with cryptocurrencies, is alarming. Early this year, Consumer Affairs Victoria, a business unit of the Department of Justice & Regulation, within the Victorian government, announced its concerns about bitcoin scams. The above-mentioned regulator received reports of people being deceived through fake cryptocurrency websites. Recently in Australia...
Path: BlogHerding in the most volatile market in decades
...n between price and volume is 0.66, this means that both price and volume follow each other especially over a longer term, but this does not explain which one causes the other. The graph below shows a scatter plot of the volume and closing price of bitcoin, with volume being scaled down by a factor of one hundred thousand, in order for the data to fit into the chart. Using other mathematical p...
Path: BlogTanzania takes steps to cryptocurrency implementation
After bitcoin received legal tender status in El Salvador, Tanzania has also made steps towards wide-spreading bitcoin usage. According to local media reports, this Sunday, 13.06.2021, Tanzanian president, Saami Suluhu Hassan, gave a speech, in which she urged the central bank to start preparations for cryptocurrency implementation. She stated, that it is impossible to ignore the fact, that cr...
Path: BlogVirtual Currencies’ Control in Singapore
...cies. Singapore took up an interesting position: this jurisdiction accepts innovations and helps them to develop, and at the same time makes sure that illegal actions using these innovations are limited and reversed. Furthermore, controlling **bitcoin** currency transactions is not an easy task. The **Monetary Authority of Singapore** chose quite a challenge by stating their obligation to co...
Path: BlogJapan and South Africa are to set new crypto regulations
...financial product and should be regulated as a financial product.” New regulatory approach could come in effect this year as a result of a jolt of recent Ponzi scheme scandals, which resulted in the disappearance of an estimated $3.6 billion in bitcoin. “Now we are defining this as a financial product and if there are scams where the public is being duped, given incorrect or false inform...
Path: BlogJapanese Financial Services Agency is discussing to impose stricter Crypto Laws
...sidered as FSA’s efforts to track cryptocurrency developments. Japan has always been considered as a pioneer in cryptocurrency adoption and legislation development, as some of the first crypto-exchanges were established here and led the market in bitcoin trading for some years already. **Hacks Led to Strict Rules** After the massive attack on the Japanese leading crypto exchange, Coinchec...
Path: BlogCuba is up to define Crypto Regulation Guidelines
...es, the announcement made by the Central Bank of Cuba did not come as a surprise. Deutsche Welle, world-wide famous media outlet from Germany, at the very end of the last year has released a report, highlighting those start-ups in Cuba were using bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies to fill the gap created after the Western Union closed more than 400 branches in the country ...
Path: BlogSouth Korea is planning to establish Crypto-Focused Bureau
...ding its plans to regulate the digital assets following the central bank’s circular in suspending bank accounts for crypto companies. Nigeria is one of most crypto-penetrated countries in Africa. Data complied by Coin Dance, exposed that 60,215 bitcoins were traded in Nigeria starting from 2016. In addition to that, SEC recognized cryptocurrencies in September 200 and is planning to create re...
Path: BlogHow Brokers in China Feel After the Website Blocks
We have already informed you regarding the latest **Chinese website restrictions** that occurred due to lack of information towards the financial regulator. Soon after the government **banned bitcoin and other cryptocurrency exchanges**, followed by the bans of other trade platforms. It affected all FX and trading platforms without ICP certificates. Trading community stated that the access to...
Path: BlogFrom now on, Cryptocurrency Transactions are under strict AML regulation in Israel
...Post, Israeli Authority for Combating Terror Financing and Money Laundering has significantly increased their efforts in fighting with the money laundering throughout the digital assets. The authority will monitor not only mainstream assets like bitcoin and Ethereum, but Fintech and other financial products as well – in order to make the innovative digital financial tools secure for transact...
Path: BlogControversy on 30% Crypto Tax in India
...alize the billions of dollars invested by Indians in crypto assets and create a new tax revenue stream for the government.” On the other side, Kamath again pointed out that such laws around cryptocurrencies will change the core value with which bitcoin was first introduced. “Clearly, crypto, at best, will be treated as an asset and not a currency. If it's not a currency, it loses its prima...
Path: BlogAttempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
...ch includes both crypto businesses and exchanges — to comply with FATF-ready AML rules. Additionally, to adapt FATF directive requirements, Singapore set its Travel rule threshold at around $1000 (SG $1,500). In 2017 Japan started acknowledging bitcoin and its crypto derivatives as property within Japan’s Payment Services Act. In addition, Payment Services Act calls for local crypto busines...
Path: BlogOutbreak of Crypto Frauds Amid Coronavirus Outbreak
...are used in order to steal passwords, money, and cryptocurrencies, or hold user files to ransom. The City of London’s National Fraud Intelligence Bureau (NFIB) has tracked 21 coronavirus scams since February, with a small number asking victims for bitcoin. It reports that non-crypto schemes have managed to scam around £800,000 so far. Crypto currency related scams have forced many countries ...
Path: BlogCrisis Impact on Crypto Lending Sector
...e most affected sectors has been global financial markets. This has also been true in the cryptocurrency industry. Everyone is aware that the crypto lending sector has gained a reputation for resilience amid market downturns. While a majority of bitcoiners and other crypto advocates believed that cryptocurrencies would act as a safe haven during times of crisis, the opposite has proven to be t...
Path: BlogPandemic effect on Cryptocurrency markets
...* Many are stunned by the fear of the world economy to slow down, which is, therefore, affecting the stock prices to dip down. Reports suggest that the S&P 500 index has gone red with 10% since January 2020. Before Black Monday, when the price of bitcoin dipped below $4,000, indicating that cryptocurrencies are not immune to the influence — and downturns — of traditional financial markets, ...
Path: BlogFATF is planning to release International Crypto Regulation by next summer
...above-mentioned regulation will face restrictions, and be added to a FATF blacklist. FATF shall require relevant firms across the globe to become duly licensed and regulated in attempts to prevent money launder by the way of cryptocurrencies like bitcoin and Monero. Initial coin offerings will be subject to the same regulations.
Path: BlogAttention! New guidelines for crypto holders were announced by the UK Tax Agency
...to note that the above-mentioned report explains that the method of token treatment depends rather on the token’s use case, than its definition. HMRC stated that the guideline takes into account the taxation of exchange tokens (like Ethereum or bitcoin) and does not particularly treat utility or security tokens. For utility and security tokens it provides basic principles. The report goes ...
Path: BlogEthereum has attracted considerable interest of the CFTC
...integrity of the derivatives markets as well as monitoring and reducing systemic risk by enhancing legal certainty in the markets. The RFI seeks to understand similarities and distinctions between certain virtual currencies, including here ether and bitcoin, as well as ether-specific opportunities, challenges, and risks.”* The questionnaire consists of 25 various questions about Ether and the...
Path: BlogJapan's Financial Services Agency is ready to approve crypto exchange-traded funds (ETFs)
... previously had a brokerage account. In the U.S., certain number of individuals are preparing to initiate such crypto products, although the SEC (Securities and Exchange Commission) has not yet allowed any of it. In August 2018, SEC has dropped 9 bitcoin ETF applications in order to prevent fraudulent and manipulative acts and practices. Stay with Offshorelicense in order to be updated with ...
Path: BlogBitmain's IPO: looming threats and insights from a Bear market
When bitcoin mining and ASIC miner-producing juggernaut **Bitmain** released its IPO prospectus to the Stock Exchange of Hong Kong in September 2018, the world got to take a peek at some wild growth rates in the cryptocurrency industry not purely linked to astronomical gains from market speculation. The most impressive component is the leap from Bitmain’s 2016 revenue ($278M) and profit ($11...
Path: BlogCrypto exchange industry is not as compliant as it appears to us
...urns out that this is entity formed in some dodgy jurisdiction and you don’t know who is the owner, it’s very difficult to have recourse.”* This type of business structure can possibly create more lawsuits, similar to the famous one against bitcoin Market, filed in November 2018. It is still unclear whether Oklahoma, where the exchange owners reside, is the correct jurisdiction for this c...
Path: BlogCryptocurrency: what are your options?
...e addition of shops that credit virtual currency as payment. **Top Cryptocurrencies** Websites such as CoinMarketCap track cryptocurrencies that are hitting the market and show their current value in dollars. Among the top cryptocurrencies are bitcoin, Ethereum, and Litecoin. * -bitcoin (BTC). It remains to be the most popular form of cryptocurrencies. bitcoin price is at $6,573.69 per c...
Path: BlogFCA is planning to restrict crypto derivatives
...consumers. These are complex contracts built on top of complex assets."* A decision to discuss the ban of crypto derivatives was previously announced by the FCA last November. It became even more relevant due to a recent variation in the price of bitcoin and its general volatility. Global regulators have long encountered difficulties with derivatives related to crypto assets because of the w...
Path: BlogPolymath CEO Trevor Koverko on smart investing, secret societies, and security tokens
...CoinCental’s Christina Comben squeezed a few minutes of Trevor’s time at the World Blockchain Forum in London, and here’s what we found out. **He Makes Smart Investment Choices** Active in crypto since the early days and buying his first bitcoin on eBay, Trevor is famous for investing in early ICOs, including MasterCoin, Ethereum, ShapeShift, and EOS. Before that, he was in Silicon Val...
Path: BlogUK FCA issued clarifications of cryptocurrency regulations
...y be expected, the final guidelines do not significantly change the regulatory ground, instead these specify when certain types of crypto assets fall under existing categories. In these guidelines, the FCA determined main cryptocurrencies such as bitcoin and Ether as “exchange tokens". The regulator highlighted that such digital currencies do not fall under the regulatory scope of the FCA, ho...
Path: BlogLegal salary in crypto. New Zealand experience
...said changes were implemented by New Zealand’s tax authority under the Income Tax Act with regard to section RD 3. The Inland Revenue Department (IRD) states that released rules applies to salaries and wages paid up in cryptocurrencies such as bitcoin, Ethereum or other. An employee can receive salary in crypto assets as long as payments are made regularly, the amount is fixed and employment...
Path: BlogCompliance deadline of January 2020: Crypto exchanges implement FATF anti-money laundering standards
...ons. Applying the “travel rule” can be quite challenging: unlike the bank transactions containing IBAN code, there is no information about the identity and location of the customer in a crypto transaction. As cryptocurrency’s address (e.g. bitcoin) consists of random characters, the only option to tie it with the identity of the owner is the owner’s consent to share his or her details....
Path: BlogHow blockchain will combat bias in news reporting
... centralized, ad-funded news, decentralized news outlets are not subject to advertiser bias. By handing control of news promotion and censorship to a decentralized blockchain community, Civil and DNN secure the news itself. In much the same way that bitcoin and other blockchains are vulnerable to a potential 51% attack, the decentralized news would need 51% of its network to agree to promote “ba...
Path: BlogRussia adopting three-tier cryptocurrency regulation
... each type of crypto assets, it will be easier to clarify the right law and remain compliant. Under the three-tier regulation, cryptocurrencies are differentiated as: **Virtual Assets** - cryptocurrency that is used to transfer values (e.g. bitcoin) **Technical Tokens** – utility/technical tokens (e.g. Ethereum) **Digital Finance Assets** - ICO tokens. It worth noting that man...
Path: Blog5 signs of booming blockchain innovation in Australia
...The Australian Securities Exchange (ASX) already been listing cryptocurrency exchanges and blockchain companies since 2014, but they’re actually migrating their entire infrastructure to blockchain by 2020. We’re not just talking about listing bitcoin or other digital assets here. The country’s main stock exchange will embrace blockchain technology entirely. The plan is to implement a post...
Path: BlogChina to become the first country to issue state-owned cryptocurrency
...come into effect on January 2020. The regulations introduce new standards for the function of cryptography. However, such positive announcements and developments in relation to the blockchain technology do not necessarily mean that China supports bitcoin and other similar cryptocurrencies. Perhaps, China’s bitcoin ban might be just one of the security measures which the government sees as...
Path: BlogHow political unrest affects cryptocurrency?
...icult to quantify the ways in which political instability can affect the financial systems, there is doubt about the interdependent nature of finance, government, and politics. But what effects the political upheaval has on cryptocurrency? Since bitcoin and digital currency is a relatively new phenomenon, the effects of political events on cryptocurrency have not been closely studied. However,...
Path: BlogThe UN warns on North Korean Crypto Conference
...as been previously reported, North Korea will host its second blockchain conference that will take place in February. The event is being arranged by Alejandro Cao de Benos, a president of the Korean Friendship and Chris Emms, a business developer at bitcoin.com. This January, the United Nations warned people not to attend the upcoming North Korean Crypto Conference and openly stated that attend...
Path: BlogDecentralized Internet – affordable resources and privacy on the web
...Finally, the Filecoin project developed by Protocol Labs represents another popular choice. ***Decentralized Internet – Concluding Thoughts*** To some extent, decentralization resides in the eye of the beholder. The blockchain network for bitcoin is decentralized in terms of the consensus algorithm. But given the cost of hardware resources and electricity, wealth is required to mine it....
Path: BlogCrypto-Friendly bank ‘freeze’ bank account
... be viable.** If the bank restricts your cryptocurrencies purchase, cryptocurrency brokers are a good way to buy cryptocurrencies. Peer-to-peer cryptocurrency websites are very popular. These services connect you to other people who wish to sell bitcoin or other cryptocurrencies. Considering above mentioned and fact that every situation is being solved on case by case basis, the outcome of ...
Path: BlogCrypto aspirations: North Korea is holding cryptocurrency conferences
...Korea is seeking to develop a “token based on something with physical value” and which would be designed for DPRK banks, companies and organizations. One of April’s conference attendees revealed that the **Government is interested in using bitcoin as a substitute for SWIFT**. Indeed, many international experts expressed concerns that North Korea may be intended to use bitcoin to get arou...
Path: BlogJapan Virtual Currency Exchange Provider’s License
...ncy of the Payment Services Act. There are two types of Virtual Currency that are described and regulated by the mentioned Act. In short, they are: A currency that has financial value and can be used to pay for goods and services (for example: bitcoin, Litecoin, Ether etc.); A currency that can be exchanged with the virtual currency that falls under the first description. That said, a...
Path: LicensingSwitzerland Crypto License
...et by each canton. Overt he past few years, Switzerland, and in particular the canton of Zug, has become the world center of business in the field of cryptocurrency. The Canton of Zug is sometimes called the crypto capital of the world and many bitcoin service startups are located there, including Xapo, Shapeshift, Ethereum, Monetas, and bitcoin Suisse. This situation is the result of several...
Path: Licensing