South Korea’s finance ministry is considering imposing a 20% income tax on cryptocurrency transactions. South Korea’s Ministry of Economy and Finance is considering imposing a 20% tax on income from cryptocurrency transactions. According to a report published by local English-language news outlet The Korea Times on Jan. 20, the ministry had reportedly ordered its income […]
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As the 5AMLD is signed into law, turbulent times lie ahead for the crypto industry, experts discuss the changes. On Jan. 10, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. However, aside from tracking dirty money to offshore […]
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Over 5,000 victims of the alleged crypto pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam. Over 5,000 victims of the alleged cryptocurrency pyramid scheme Dunamiscoins have petitioned the Ugandan Parliament asking to refund money lost in the scam. Arthur Asiimwe, the leader of the petitioning group who […]
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The U.S. should learn from other countries, especially China, on digital currency, says SEC commissioner Hester Peirce. The United States could learn from China’s innovations in digital currency, says Securities and Exchange commissioner Hester Peirce. Fielding questions via webcam at this week’s Crypto Finance Conference in Switzerland, the public sector leader known as CryptoMom, called […]
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Huobi joins Turkey’s leading blockchain initiative to support local cooperation. Major crypto exchange Huobi becomes a member of the Blockchain Turkey Platform to cooperate with local players on blockchain efforts. Five months after officially entering the Turkish market, Huobi joined the Blockchain Turkey Platform as a “Platinum” member, the global crypto exchange announced on Jan. […]
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Cointelegraph interviewed Bancor’s Eyal Hertzog and Nate Hindman to learn more about the planned BNT airdrop, DAO transition and the future of crypto. Decentralized exchange project Bancor (BNT) is currently in the midst of launching a massive airdrop to all its token holders. Cointelegraph took the occasion to interview Co-founder and Product Architect Eyal Hertzog, […]
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Coinbase-backed Crypto Ratings Council expands its network with three new members and five digital assets. The Coinbase-backed Crypto Ratings Council (CRC), a group of major United States’ cryptocurrency firms seeking regulatory clarity, has welcomed new members. Established in late 2019, the CRC has expanded to include members like trading platform eToro, crypto exchange OKCoin and […]
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The SEC lands the latest blow against Telegram, forcing it to disclose its bank records, while Durov promises to comply. Telegram’s battle with the United States Securities and Exchange Commission became one of the most closely followed legal dramas of the crypto space in 2019. This was not only because it appeared to be the […]
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Bithumb has taken the South Korean National Tax Service to court over a multi-million dollar tax levy. Major South Korean cryptocurrency exchange Bithumb has decided to litigate a near $69 million (80 billion won) tax bill levied by the National Tax Service (NTS). According to a report published by The Korea Times on Jan. 16, […]
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Catalonia has emerged as one of the regions most interested in adopting blockchain in its administration. Cointelegraph speaks to the man behind the push, Daniel Marco. Several years ago, a blockchain strategy for Catalonia was revealed to the world, presenting a comprehensive outline of how a government — albeit a local one — can in […]
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