In the relentless cat-and-mouse game between regulators and cryptocurrency developers, the cats are about to add some serious firepower – this time in the form of a global alliance. But if you think the intergovernmental Financial Action Task Force’s forthcoming know-your-customer (KYC) compliance standards spell the end for the mice, think again. If anything, the […]
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Photo Credit: Jewish Press “What lies behind us and what lies before us are tiny matters compared to what lies within us” – Ralph Waldo Emerson Advertisement ‘); _avp.push({ tagid: article_top_ad_tagid, alias: ‘/’, type: ‘banner’, zid: ThisAdID, pid: 16, onscroll: 0 }); Do you ever end (or start) the day feeling completely overwhelmed and exhausted […]
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Crypto exchange Binance, the world’s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance’s website, which previously stated “wallet maintenance, withdrawal suspended” on the page for USDT. A customer service administrator on the platform’s […]
Continue ReadingThe South Africa Revenue Service (SARS) has put forward a suggestion to tax income generated from cryptocurrency trading and operations, TechWeez reported on Wednesday. The report said the proposal was first introduced in April when SARS announced its plans to tax digital currencies. SARS said in a statement then: “In South Africa, the word ‘currency’ is not […]
Continue ReadingIn 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 settle their tax liabilities online, with payments to be processes by cryptocurrency payment service provider BitPay. Businesses will […]
Continue ReadingMichael Piwowar, a U.S. Securities and Exchange Commissioner, recently appeared as a presenter at a conference in which ICOs and cryptos were topics. Specifically, the topics of whether they are securities came up. The subject of decentralization drew some fireworks, and there were talks about buckets from Piwowar. Piwowar is submitting his resignation as standard […]
Continue ReadingA Texas regulator on Thursday ordered the closure of a trading operation linking cryptocurrency and medical marijuana and offering an eight percent weekly return. Ironically, the company Financial Freedom Club, also known as Millionaire Mentor University, is run by convicted felon Mark Moncher. Texas Securities Commissioner Travis J. Iles accused Moncher and his firm of trying to […]
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The Reserve Bank of India has made it illegal for banks and other financial institutions in the country which come under its oversight to provide services to individuals/companies dealing with cryptocurrencies. The new development was announced via a statement released this Thursday: “In view of the associated risks, it has been decided that, with immediate effect, entities […]
Continue ReadingBitcoin traded higher on Wednesday shrugging off concerns over the fallout from the recent Chinese crackdown on individuals and businesses who use initial coin offerings (ICOs) to raise funds. On the U.S.-based Bitfinex exchange, bitcoin rose to $4,586.6, up $211.6 or 4.84%, as it seeks to return to its recent peak of $4,911.80. At current […]
Continue ReadingThe price of the digital currency bitcoin fell on Wednesday to hit one-week lows, extending a pullback from the five-week highs set earlier this week. On the U.S.-based Bitfinex exchange, Bitcoin was trading at $4,229.90 by 06:23 AM ET (10:24 GMT), down 1.87%, having opened at $4,310.60. Prices hit a high of $4,482.00 on Monday, […]
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