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Regulation

Regulation
Russia to develop amendments which prevent tax evasion through crypto
10 January 2018 21:00, UTC
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
Regulation
Putin: cryptocurrency is backed by nothing
10 January 2018 21:00, UTC
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
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South Korea is not banning crypto trading, government notes huge community reaction
11 January 2018 21:00, UTC
The initial messages on South Korea banning crypto trading have proven to be false, and exactly as Bitnewstoday suspected, officials’ opinions do not equal full-fledged laws. The local channels cite the government which is shocked by huge number of requests to sack the Justice Minister
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Chinese miners start to consider moving to other countries
11 January 2018 21:00, UTC
The government of China is not thrilled with digital financial technologies to such extent that it starts to pressure Bitcoin miners, and in response to this business threat, they start to consider moving operations to Canada and Switzerland
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US Treasury Secretary Mnuchin: Bitcoin is not a Swiss bank account
14 January 2018 21:00, UTC
The head of the United States Ministry of Finance called Treasury (just like the local Ministry of Foreign Affairs is called the State Department) warns against complete trust in Bitcoin as an asset, tells investors might get hurt and tells there is no risk Russia will avoid sanctions through “virtual” currencies
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UK banks do not want to provide mortgages for Bitcoin investors
14 January 2018 21:00, UTC
The banks of the United Kingdom are suspicious towards the origin of money coming out of Bitcoin and do not want to give mortgages for cryptocurrency investors to get homes
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South Korea to fee anonymous crypto exchange users, abandons full trade prohibition
14 January 2018 21:00, UTC
Under the pressure of the local cryptocurrency community, the government explains itself in the official statement regarding the alleged future ban of cryptocurrency organizations - which, in fact, is not happening anytime soon. Simultaneously, it tells about charges for anonymous trades
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Brazilian funds prohibited to invest in cryptocurrency
15 January 2018 21:00, UTC
Yet another prohibitive initiative by the government, now the Brazilian one. The local securities and exchange commission is the one prohibiting
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People’s Bank of China wants to put an end to centralized cryptocurrency trade
15 January 2018 21:00, UTC
The governmental paper acquired by the journalists of one of the major media outlets tells that at the recent meetings, regulators and the Vice Governor of the People’s Bank of China were not exactly disagreeing over the issue of banning centralized cryptocurrency trades and services
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Russian Prime Minister: cryptocurrencies can disappear like companies created in the advent of the Web
15 January 2018 21:00, UTC
Dmitry Medvedev, Russian Prime Minister, compared cryptocurrencies to companies which made a fortune during the dotcom era then abruptly disappeared, telling the similar scenario is not excluded with digital currencies too
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Bundesbank, Germany: cryptocurrency should be regulated at the international level
15 January 2018 21:00, UTC
The central bank of Germany has recognized the powerfulness of cryptocurrencies and due to this fact, the board member suggests to regulate them jointly at the international level rather than at the regional level
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Jean-Pierre Landau, former BOF Deputy Governor, now responsible for crypto regulations in France
16 January 2018 21:00, UTC
The former Deputy Governor of Bank of France Jean-Pierre Landau is going to lead the cryptocurrency regulation team established by Bruno Le Maire, who himself leads the country’s Ministry of Economy. See if Landau is a Bitcoin advocate or a Bitcoin skeptic
Regulation
Herman Gref: cryptocurrencies “should not be banned under any circumstances”
16 January 2018 21:00, UTC
During the Gaidar Forum, the head of Sberbank has demonstrated his long-standing support for fintech and once again warned that under no circumstances should the laws which can “bury what we have right now” be implemented. Meanwhile, the traditional media notes: Bitcoin has plunged by 25% and even reached the values around 11,000 USD
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AUSTRAC reminds crypto exchanges about illicit finance tracking obligations
16 January 2018 21:00, UTC
The regulator responsible for prevention of money laundering and terrorism finance tells the cryptocurrency exchanges to identify customers, report any suspicious activities and keep records of transactions
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Choi Heung-sik, South Korean FSS: the regulator employees were indeed involved in insider trading
17 January 2018 21:00, UTC
The local South Korean news message tells that the head the Financial Supervisory Service openly admitted that staff in the service indeed made profits on insider trading, no confirmation from American media yet
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New Congress bill dedicated to fintech task force, cryptocurrency directly mentioned
17 January 2018 21:00, UTC
The new draft law offered for Congress to review is dedicated to a new team which will monitor and prevent illicit activities connected with digital currencies to combat terrorism. Members of the team will include both officials and private firm representatives
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U.S. Treasury Deputy Secretary: cryptocurrencies are an evolving threat
18 January 2018 21:00, UTC
Sharing the sentiment of the U.S. Treasury Secretary, the Deputy Secretary, too, thinks that Bitcoin and other cryptocurrencies are too engaged in financial flows of criminal money transferred into this network for further anonymization
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Mark Carney, Bank of England Governor: Bitcoin poses no threat to economy
20 December 2017 21:00, UTC
The head of the Bank of England and chairman of Financial Stability Board in G20 assures that Bitcoin does not pose any threat to the wellbeing of the world market
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FINRA: careful with crypto assets
21 December 2017 21:00, UTC
Another American organization with ties to the government (although self-regulated, created by the Congress in 1939) warns of investment risks in cryptocurrency assets
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Belarus legalizes cryptocurrency, mining and tokens
21 December 2017 21:00, UTC
The President of the Republic of Belarus has signed the bill that allows to own and trade cryptocurrency and issue tokens (as long as the token issuer is registered in the country’s technological park), effectively making his country one of the most liberal towards cryptocurrency in the former Soviet Union



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