Russia to develop amendments which prevent tax evasion through crypto
A set of amendments to existing laws is planned to develop during this year so that citizens did not evade taxes through cryptocurrency — efficiency of such amendments is in question, as nobody has seen them yet. Read more recent news from Russia below
10 January 2018 21:00, UTC
Putin: cryptocurrency is backed by nothing
Vladimir Putin commented on the possible emergence of cryptocurrency legislation in Russia. The head of state also said that digital money carries a high risk
10 January 2018 21:00, UTC
This website glitch opened crypto fraud possibilities for a short period of time
A typo in the internal structure of Overstock allowed to buy products for Bitcoin Cash while the system was designed for Bitcoin, which opened a possibility to buy a 70-dollar purchase with only 12 USD. The bug has already been fixed, so trying anything similar is not going to work anymore
10 January 2018 21:00, UTC
Russian officials now have permission not to declare cryptocoin incomes
The Ministry of Labor of the Russian Federation knows about the new money/asset type and made it clear to the officials even before the implementation of the official cryptocurrency legal framework that they can store in cryptocurrency as much money as they want without declaring them
09 January 2018 21:00, UTC
Two Bitcoin ETFs projects delayed due to SEC opposition
The United States Securities and Exchange Commission is now concerned with two projects which would have offered the exchange-traded funds connected with Bitcoin, which is right now one of the most institutionalized cryptocurrencies in the world apart from its notably big price
08 January 2018 21:00, UTC
Indian advocate asks court to either regulate or prohibit Bitcoin
The lawyer in India decides to get the public’s attention to the dark side of Bitcoin by filing a complaint to the Calcutta High Court. In this litigation, he emphasizes the importance of control over digital currencies which are often used by criminal groups
08 January 2018 21:00, UTC
Gibraltar legalized ICO exactly as intended
Gibraltar’s authorities fully implement their plans first heard of in September last year, and now ICO entrepreneurs have a place to open such offerings without many bureaucratic obstacles
08 January 2018 21:00, UTC
Hardware wallet with an unpleasant surprise
The man tells he lost his cryptocurrency investments after buying a hardware wallet on eBay, this means online marketplaces are not secure for such buyings
08 January 2018 21:00, UTC
Egypt's Grand Mufti banned bitcoin trading
Leading Egyptian cleric Shawki Allam issued a fatwa banning Muslims from trading bitcoin. Grand mufti considers use of cryptocurrencies as too risky
02 January 2018 21:00, UTC
China's central bank can limit power supply to miners
The Chinese authorities can introduce a limit on electricity used by miners. Restriction plan was submitted by the People's Bank of China. This may be another tough measure against cryptocurrency after PRC government banned ICO and closed several domestic cryptocurrency exchanges
02 January 2018 21:00, UTC
Bank of England may issue its own cryptocurrency
In 2018, a new cryptocurrency, tied to the pound sterling, may appear in the UK. The decision will be made within 12 months based on the report of the research team
31 December 2017 21:00, UTC
Quoine stays with the money: B2C2’s lawsuit dismissed
The lasting debate of Quoine and B2C2 ends at the court in Singapore decides to close the whole case, stating that Quoine had the right to reverse the unfair deal, backed by its own terms of agreement
28 December 2017 21:00, UTC
Japanese Mitsubishi to set crypto assets trust, South Korea to ban certain type of crypto transactions
The Southeast Asia comes in different directions: Japanese are moving towards institutionalization and consumer protection while South Koreans are now not able to operate with cryptocurrency exchanges without verification
28 December 2017 21:00, UTC
Exmo cryptocurrency exchange manager kidnapped
The top manager of the Ukrainian company called Exmo has recently been kidnapped in Kiev, Ukraine’s capital and still has not been heard from ever since. His colleagues vow to find him as soon as possible, while telling no funds are under threat due to this grim event
28 December 2017 21:00, UTC
Poloniex to identify users in accordance with KYC
The Know Your Customer principle Poloniex decided to follow is one of the main standards of the modern business, but cryptocurrency enthusiasts might become disappointed here — it leaves less room for anonymity
28 December 2017 21:00, UTC
Commonwealth of Massachusetts Secretary: do not invest in Bitcoin
The same body the Secretary of Massachusetts works in has issued a warning on Apple in the 1980s telling this company was dangerous for investors, journalists found out. In this case, William Galvin says it does not pass the “smell test”
27 December 2017 21:00, UTC
FxPro, brokerage company: Russian FinMin’s draft on crypto “moderately denies reality”
Alexander Kuptsikevich, financial analyst from FxPro, has shared his views with Bitnewstoday once again. As seen from his words, certain processes will become taxed and controlled more strictly, but the society is going to receive this law calmly
27 December 2017 21:00, UTC
Russian deputy FinMin buries cryptoruble
Alexey Moiseev, often reappearing in Bitnewstoday’s reports, told during the meeting of the public council under the Ministry of Finance of the Russian Federation that cryptoruble is not feasible. Moiseev is the Deputy Finance Minister
27 December 2017 21:00, UTC
Trump’s newly-signed tax plan means cryptocurrency deals will not be tax-free
26 December 2017 21:00, UTC
This Russian hacker claims he was behind WannaCry, not North Korea
Konstantin Kozlovskiy tells he was the one who developed the interface of the infamous ransomware which demanded cryptocurrency from millions in exchange for unblocking their files. Bitnewstoday can neither confirm nor reject this statement
26 December 2017 21:00, UTC