Category: Cryptocurrency News
France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market. The French Council of State has decided to change the classification of cryptocurrency capital gains, thereby lowering the tax rate from as high as 45% to a flat rate of 19%, a French […]
Maduro has ordered various government services to accept any cryptocurrency including the petro, Venezuela’s oil-backed currency which began its private pre-saleon February 20. This announcement was broadcasted nationwide from the Miraflores Palace and also reported on the website of the Superintendency of Cryptocurrencies. The president said: I order the payment of consular services in all embassies and […]
The central bank in Russia is working with Ethereum to create a system for pan-Eurasian payments. Moody’s, the big credit rating agency, claims that blockchain technology could save the mortgage industry $1 billion. Bank Santander and Ripple announced the launch of the first blockchain international payment service for retail customers. Bank of America applies for […]
Japan differs from what seems to be a regional practice of banning ICOs outright, which is what China and South Korea did, citing fraudulent fundraising and excess speculation. However, sources within the Korean government have already told the media that regulators, tax agencies, and justice officials are considering re-legalizing ICOs should “certain conditions be met,” […]
Nasdaq’s slump will probably continue over coming weeks. That could be good for crypto. crypto is actually undervalued at current levels, a further legitimization of crypto. Lawsuits against Google, Facebook, and Twitter for banning cryptocurrency advertising are creating the market conditions for a rally. There may be a shift of crypto from a risky asset […]
From CNBC Bitcoin fell 7 percent Monday, below $8,000. Prices moved lower after Twitter announced it would ban advertising for cryptocurrencies, following Google and Facebook’s crackdown that aims to protect investors from fraud.
As things stand at the moment, it is not legal in China to hold an ICO or to trade cryptocurrency at an exchange. Chinese Bitcoin mining companies, long responsible for producing the vast majority of the world’s bitcoins, have been told to leave the country. This year the national firewall was extended to stop Chinese citizens from using overseas […]