Featured Virtual Currency And Blockchain

Daily bitcoin transactions on darknet markets doubled throughout 2018: report

Use of bitcoin as a form of payment doubled in 2018 on darknet market sites, where users can buy anything from illegal drugs to fake IDs, even though the price of the cryptocurrency crashed, according to a study by data firm Chainalysis. Bitcoin transaction volumes on darknet markets rose throughout… Read More

Malaysia to regulate initial coin offerings, cryptocurrency trade

Malaysia will regulate initial coin offerings (ICOs) and the trade of cryptocurrencies, the finance minister said in a statement on Monday. The minister said an order to recognize digital currencies and digital tokens as securities will come into force on Jan. 15, under the regulation of the Securities Commission Malaysia. Read More

How does the UK tax cryptocurrencies? Government publishes policy paper

The United Kingdom has outlined its views on the taxation of cryptoassets, such as bitcoin, alongside guidance on what holders of such assets need to pay and records they should keep. According to HMRC, individuals will be liable to pay income tax and national insurance contributions on cryptoassets they receive… Read More
17th December 2018
European Parliament and Council of the EU negotiators have reached an agreement on new measures aimed at boosting the fight against fraud involving non-cash means of payment, including credit cards, online shopping and virtual currencies such as bitcoin. The agreed text of the directive on combating fraud and counterfeiting of… Read More
30th November 2018
Boxer Floyd Mayweather Jr. and a music producer known as “DJ Khaled” failed to disclose payments they received for promoting investments in initial coin offerings, the U.S. Securities and Exchange Commission (SEC) said on Thursday. Neither Mayweather nor Khaled Mohamed Khaled admitted or denied the regulator’s charges, but agreed to… Read More
28th November 2018
AP — Ohio is now accepting the cryptocurrency, bitcoin, for business tax payments including sales tax. State Treasurer Josh Mandel’s office announced Monday that businesses can sign up for the program through OhioCrypto.com. Businesses will pay their taxes through a third-party processor called BitPay, which will convert the digital… Read More
27th November 2018
A 27-year-old woman is facing up to 20 years in jail over defrauding a number of financial institutions, and then laundering and transferring the proceeds to support blacklisted terror group the Islamic State of Iraq and al-Sham (ISIS). Authorities allege that American resident Zoobia Shahnaz engaged in a bank fraud… Read More
1st November 2018
A new blockchain-based trade finance platform, developed by HSBC (HSBA.L), Standard Chartered (STAN.L) and 10 other banks, was launched in Hong Kong on Wednesday to boost efficiency in the multi-trillion-dollar funding of international trade. HSBC said on Wednesday the platform, eTrade Connect, had allowed the Asia-focused British lender to reduce… Read More
1st November 2018
Bitcoin, the world’s first and most famous cryptocurrency, celebrates its tenth birthday on Wednesday. Its emergence has spawned a multitude of other digital currencies, brought blockchain technology to global attention, and vexed regulators worried about its crime misuse and weakness to hacking. The following are some major milestones in bitcoin’s… Read More
31st October 2018
Britain may ban some retail financial products based on bitcoin and other cryptoassets and widen its regulatory net to capture potentially “illicit activity” that could harm consumers and markets, a government-backed taskforce reported on Tuesday. The report from the finance ministry, Bank of England and Financial Conduct Authority begins to… Read More
25th October 2018
AP – Japan’s Financial Services Agency (FSA) on Wednesday gave the cryptocurrency industry self-regulatory status, permitting the Japan Virtual Currency Exchange Association to police and sanction exchanges for any violations. The government has been reviewing its approach toward an industry that has been hit twice by large-scale thefts. The FSA… Read More
19th October 2018
When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. They bought more coins. The Cyprus-based German couple, who describe themselves as financial… Read More
9th October 2018
The European Union’s securities watchdog said on Monday it was examining every initial coin offering (ICO) to see whether it should be regulated, mirroring moves by its U.S. counterpart. An ICO issues crypto currencies like bitcoin or tokens to raise funds for a start-up company, and regulatory warnings that investors… Read More