Wyoming legislature passed a bill to allow for the regulation and recognition of cryptocurrencies as money. In the United States, the state of Wyoming passed a bill that will allow for cryptocurrencies to be recognized as money on Jan. 31, according to the state legislature website. On Jan. 18, Wyoming legislation presented the bill, which […]
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Danish state-owned energy company Energinet aims to use Iota Tangle to develop IoT-based products and services. Danish state-owned energy company Energinet has expanded its partnership with distributed ledger network Iota to investigate use of its technology in new areas, Iota revealed in blog post Jan. 30. Energinet, which is an independent enterprise under Denmark’s Climate […]
Continue ReadingDenmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information from three domestic crypto exchanges. Denmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information regarding all trades of cryptocurrencies across three domestic crypto exchanges. An official announcement published on the agency’s website reported this development on […]
Continue ReadingThe Bulgarian National Revenue Agency has announced the launch of inspections of cryptocurrency-selling companies. The Bulgarian National Revenue Agency (NRA) has announced the launch of inspections of cryptocurrency-selling companies, English-language Sofia-based news outlet novinite reports on Jan. 14. The objective of the investigation is to assure compliance with tax and social security regulation, as the […]
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After months of monitoring and observing the potential of blockchain, EU is finally making a turn into it After months of monitoring and observing the “promising and challenging” potential of distributed ledger technology (DLT), the European Union (EU) is finally making a turn into the blockchain industry. How it all started Back in February 2018, […]
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Danish authorities are going after those who traded Bitcoin for profit but did not yet declare the extra income. Denmark’s tax agency (Skattestyrelsen) has confirmed it is “identifying” 2,700 individuals it says owe taxes on Bitcoin (BTC) gains, according to a Dec. 12 press release. According to Skattestyrelsen, the Danish citizens bought and sold Bitcoin […]
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Crypto exchange traded products prove divisive, as the SEC mulls over its latest landmark decision. On Nov. 16, Switzerland’s primary stock exchange, SIX Swiss Exchange, announced that it will list the world’s first multi-crypto-based exchange-traded product (ETP). Exchange-traded products (ETP) are derivatively priced securities that are traded on a national securities exchange. Their pricing derives […]
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The regulation of cryptocurrencies continues to be a talking point as governments and institutions look for clarity in the space. Regulation has been a major talking point in the cryptocurrency sphere in 2018 – mainly due to the monumental crypto-craze in 2017. This has come to the fore in Europe, after the Financial Action Task […]
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Danske Bank, which is involved in a 200 billion euro ($230 billion) money laundering scandal in Estonia, revealed that it processed more than $1 trillion in cross-border payments in and out of the country between 2008 and 2015. In September, Denmark’s largest bank launched an inquiry to see if companies with ties to Russia were laundering […]
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Port of Rotterdam partners with major Dutch bank and Samsung IT subsidiary to see how blockchain can improve shipping logistics from Asia to The Netherlands. The largest port in Europe, the Port of Rotterdam, has partnered with major Dutch bank ABN AMRO and the IT subsidiary of Samsung to test blockchain for shipping, a press-release […]
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