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Chinese Cryptocurrency Regulation in 2018

China has been taking ever-increasing actions to clamp down on all things cryptocurrency. Starting off by banning ICOs, China ordered a bank account freeze associated with exchanges, kicked out bitcoin miners, and instituted a nationwide ban on internet and mobile access to all things related to cryptocurrency trading. The People’s…

Yuan + Bitcoin = CryptoYuan ?

Most Bitcoin operations carried out during the last 30 days in China passed through the state currency Yuan. Bitcoin-China, on the basis of Bitcoin`s exchange, said on Twitter that a total of 71% of transactions were made at certain points by the crypto currency in the territory of the state.…

Venezuela: Maduro Announces Pre-Sale of Petro Cryptocurrency

Venezuelan President Nicolas Maduro announced Tuesday that February 20 will be the date of the pre-sale of the country’s new cryptocurrency, created to outdo the effects of the international blockade imposed by the United States and the European Union. “Six weeks ago I announced the creation of the Venezuelan cryptocurrency,”…

Samsung Is Now Building Bitcoin Mining Chips

Samsung has started mass producing bitcoin mining chips in partnership with an unidentified Chinese mining company. The news was reported by South Korean news outlet The Bell yesterday, citing unnamed Samsung officials as its source. Samsung was slated to start mass producing the chips – called application-specific integrated circuits (ASICs)…

Ex-CFTC Commissioner Joins Crypto Exchange as Regulatory Adviser

Bart Chilton, the former commissioner of the U.S. Commodity and Futures Trading Commission (CFTC), is doubling down on his stated desire for a regulated market to foster the development of cryptocurrency trading. The former U.S. government regulator announced on Jan. 23 that he will join the decentralized cryptocurrency exchange Omega…

Cryptocurrency Activities Will Be Legal and Tax Free in Belarus Starting in March

The decree signed by Belarusian president Alexander Lukashenko which legalizes cryptocurrencies, initial coin offerings, and smart contracts, will enter into force in March. Cryptocurrency activities are not restricted by the decree and will be tax exempt until 2023. The decree which legalizes cryptocurrencies, initial coin offerings (ICOs) and smart contracts…

Blockchain Launches Bitcoin Selling Service in 22 US States

Bitcoin enthusiasts living in the United States have multiple options at their disposal for buying and selling cryptocurrencies. Even so, there is still plenty of room for future improvements and competing services. Blockchain, the renowned Bitcoin wallet provider, has partnered with SFOX to make it more convenient to buy and…

Russian Bill Requires Deputies to Declare Their Cryptocurrency Investments

The bill for the regulation of cryptocurrencies in Russia submitted by the finance ministry and the central bank requires State Duma deputies to declare their cryptocurrency investments. Currently, government officials are not required to declare their crypto holdings, according to a recent announcement by the Russian Ministry of Labor. Bill…

South Korea ‘Legalizes’ Cryptocurrency Trading

Wilma Woo | Bitcoinist South Korea lawmakers have confirmed cryptocurrency exchanges will become de facto legal January 30 as they enact new laws about anonymity in trading. 6 Banks On Board For Change In its most recent statements, the country’s Financial Services Commission (FSC) confirmed that exchanges must only permit…

Microsoft, Hyperledger, UN Join Blockchain Identity Initiative

Tech giant Microsoft and blockchain alliance Hyperledger have joined blockchain-based digital identity initiative, the ID2020 Alliance. Announced during the World Economic Forum at Davos in Switzerland yesterday, the alliance – which aid agency Mercy Corps and the U.N. International Computing Center have also just joined – aims to improve people’s…

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