The online drug trade is on the rise. Learn about Bitcoin’s involvement and whether it is able to completely replace cash in the drug trade in the near future. From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a […]
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Bitcoin is poised to benefit from the economic havoc and political implications of a possible no-deal Brexit, analysts argue. With Britain reeling from a parliamentary showdown aimed at thwarting the government’s threat to pull the country out of Europe in a no-deal Brexit, Bitcoin (BTC) is relatively stable as compared with the British pound sterling. […]
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Here’s how today’s crypto taxation laws look like across the globe, from the U.S. to South Korea, Switzerland, Japan, Australia and Malta… Upon its inception, Bitcoin was envisioned as a borderless currency that could be used by its owners without being affected by the regulatory impositions of any centralized agency or government body. And while […]
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Barclays halts business with Coinbase as exchange needs an innovative bank to tailor to its AML and KYC needs, but will U.K. customers be better off now? It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the […]
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The upcoming implementation of the California Consumer Privacy Act of 2018 has grave implications for businesses utilizing blockchain technology… The California Consumer Privacy Act of 2018 (CCPA), which goes into effect on Jan. 1, 2020, has signaled a new push in the United States to strengthen and broaden privacy regulations, similar to the trends seen […]
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Crypto regulation in the U.K. is changing for the better, but can the country truly step up its game and build a blockchain friendly ecosystem? The United Kingdom has long been a financial mecca. Ever since the Big Bang and the arrival of Thatcherism in the ‘80s, Britain has cultivated a finance-friendly environment revolving around […]
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Why do countries forego large cash transactions and what role will cryptocurrencies play in this transformation. The Liberal Party of Australia recently proposed a draft bill clarifying that purchases of over 10,000 Australian dollars (around $6,750) in cash would not be legal. According to the government, this step will dissuade tax evasion and encourage a […]
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Will Brexit attract more fintech business to the U.K. or force those that already settled in London to leave England? Experts in the fintech industry answer. Back in 2016, there was a referendum that caused Brexit, which has since been affecting all spheres of British life. Would Brexit’s effects be positive or negative for the […]
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Naughty North Korea has stolen billions in crypto, India could be missing out on billions in crypto, and Litecoin’s halving disappoints. U.S. Federal Reserve launching payment system, crypto bulls nonplussed The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known […]
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A no-deal Brexit could fundamentally shift Bitcoin’s position in the global economy, according to a blockchain firm CEO. Some analysts believe that the looming no-deal Brexit will push Bitcoin (BTC) price to an unprecedented breakout and record highs in 2019. Nicholas Gregory, CEO of blockchain firm CommerceBlock, even predicts it could fundamentally shift Bitcoin’s place […]
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