Month: December 2019

India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies

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Here’s everything you wanted to know about how the Indian government addresses cryptocurrency. The Income Tax Department of India is secretly training its officials to investigate cryptocurrencies. An internal guidebook circulated by the department explains cryptocurrencies, their characteristics, the “dark side of Bitcoin” and the best investigation practices for tax officials. The Indian government doesn’t […]

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Crypto Remains Unregulated in Russia — Lots of Talk but No Action

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Russian authorities are poised to introduce several prohibitive measures, yet feasibility and enforcement mechanisms raise questions. At the end of November, news surfaced that Russian cryptocurrency users, who have been operating in a regulatory gray zone, could soon be at risk as the nation’s financial authorities reportedly join forces to outlaw the use of digital assets […]

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Circle Sells OTC Desk to Kraken to Focus On Stablecoin

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San Francisco-based cryptocurrency exchange Kraken announced that it has acquired Circle’s over-the-counter desk, Circle Trading. San Francisco-based cryptocurrency exchange Kraken announced that it has acquired Circle’s over-the-counter (OTC) desk. In a Dec. 17 blog post, Kraken said that the company has bought “one of the most recognized OTC desks in crypto.” Circle co-founders Sean Neville […]

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Stanford Funds Blockchain Startup Touted as ‘the Microsoft for Blockchain’

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Blockchain startup Alchemy gathers funding from several large investors, including Stanford and Charles Schwab. Blockchain infrastructure startup Alchemy has garnered investments from multiple notable mainstream entities, including Stanford University, as well as leaders from other top businesses. Alchemy, a startup focused on providing blockchain infrastructure, as well as other tools for developers, has amassed $15 […]

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Coinfloor’s CEO Explains Decision to Delist All Crypto but Bitcoin to Cointelegraph

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London-based exchange Coinfloor will delist all cryptocurrencies but Bitcoin to focus on Bitcoin only services from Jan. 3, 2020. London-based cryptocurrency exchange Coinfloor will delist all cryptocurrencies but Bitcoin (BTC) to focus on Bitcoin only services in January. The United Kingdom’s oldest crypto exchange will delist all cryptos including the second-biggest altcoin Ether (ETH) and […]

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Former SEC Senior Counsel Joins US Security Token Platform As Chief Legal Officer

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Security tokens platform TokenSoft hired former U.S. SEC Senior Counsel as its chief legal officer to work on the firm’s regulatory compliance. Security token platform TokenSoft has hired Alex C. Levine, formerly of several key United States financial regulators, to handle compliance for all security offerings. In a Dec. 17 press release, the San Francisco-based […]

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