Leaders of G20 member countries have started work on an international cryptocurrency taxation system. The G20 countries have called for the taxation of cryptocurrency, as well as its regulation to combat money laundering, Japanese news outlet Jiji.com reports Dec. 2. According to Jiji.com, the final text of a document jointly delivered by G20 leaders calls […]
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The Estonian Ministry of Finance is about to add amendments to the national AML regulation, bringing tighter cryptocurrency regulation. The Estonian Ministry of Finance will shortly add amendments to a recently-passed financial bill that are meant to “tighten” crypto-related regulation, Estonian financial newspaper Äripäev reports Nov. 28. According to the article, a new version of […]
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UBS’ Paul Donovan repeats Bitcoin bashing from last year, claiming it will “never be a currency.” Swiss bank UBS’ Wealth Management Global Chief Economist and infamous Bitcoin skeptic Paul Donovan doubled down on his distrust of cryptocurrency Nov. 29, calling it “fundamentally flawed.” Speaking to CNBC’s Fast Money segment, Donovan, who earlier this week released […]
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Ohio Treasurer implements tax payments with crypto to drive tech development in the state. In what is being hailed as a first in America, Ohio’s State Treasurer Josh Mandel has made it possible for businesses to pay taxes using Bitcoin. In the coming weeks, business owners in the state will be able to register and […]
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A Cyprus court has dropped the lawsuit against alleged BTC-e former operator Alexander Vinnik, with the next session scheduled for Nov. 29. The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, has said that a district court in Cyprus has withdrawn their lawsuit on charges “of fraud, money laundering and […]
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Institutional investor-focused Liechtenstein Cryptoassets Exchange has received a license for operating in Liechtenstein. Professional traders-focused Liechtenstein Cryptoassets Exchange (LCX) has recently acquired a “business license” in Liechtenstein, according to a press release shared with Cointelegraph Nov. 27. The new license granted by the Liechtenstein Ministry of Economic Affairs is reportedly a milestone for LCX in […]
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Taiwan has implemented new AML regulations on crypto exchanges. Was it influenced by China? On November 2, Taiwan officially tightened anti-money laundering (AML) policies targeted at crypto exchanges, requesting exchanges to monitor and prevent any illegal transaction processed using digital assets. According to the newly drafted Money Laundering Control Act and Terrorism Financing Prevention Act […]
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Malaysia’s finance minister has stated that any entity wishing to issue cryptocurrency must defer to the country’s central bank. Malaysian Finance Minister Lim Guan Eng has stated that any entity wishing to issue cryptocurrency must defer to the country’s central bank, Bank Negara Malaysia (BNM). The minister’s comments were reported by local English-language daily broadsheet […]
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KPMG releases a report that remains bullish on cryptocurrencies, while Bakkt announces a target launch date for the end of January. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much […]
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Alleged former operator of seized crypto exchange BTC-e, Alexander Vinnik, plans to start a hunger strike on Monday. The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, said his defendant will go on a hunger strike this Monday, Russian state-owned news outlet TASS reported Nov. 23. According to Timofey Musatov, […]
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