Author: Kevin Helms

New Bill in Oklahoma Proposes Depository for Cryptocurrencies Used by Government – Bitcoin News

Bitcoin.com

A bill has been introduced in the U.S. state of Oklahoma to establish a new type of state-chartered financial institution that will be “the central depository for virtual currency used by governmental agencies in this state.” The new establishment aims Read More

Crypto Experts Join OECD ‘High Level’ Advisory Board – Bitcoin News

Bitcoin.com

The Organisation for Economic Cooperation and Development, an intergovernmental body with 36 member countries, has formed “a high-level expert group” which includes executives from the crypto industry. They will provide advice in helping develop international blockchain policy principles. Also read: Read More

FATF Holds Global Forum to Discuss Crypto Supervision – Bitcoin News

Bitcoin.com

The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing Read More

Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax – Bitcoin News

Bitcoin.com

Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and Read More

Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans – Bitcoin News

Bitcoin.com

U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network Read More

EU Countries Commence Crypto Regulations as Mandated by New Directive – Bitcoin News

Bitcoin.com

The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Read More

Philippine ‘Crypto Valley of Asia’ to Get Own Airport – Bitcoin News

Bitcoin.com

The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone Read More

Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream – Bitcoin News

Bitcoin.com

A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s Read More

Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, India’s National Blockchain Seminar – Bitcoin News

Bitcoin.com

In this roundup, we cover several crypto-related actions by the U.S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working Read More

33,000 Companies in China Claim to Use Blockchain Technology – Bitcoin News

Bitcoin.com

China now has more than 33,000 registered companies claiming to use blockchain technology in their businesses, according to the country’s Center for Information and Industry Development. The information was released at a recent blockchain conference hosted by a Chinese municipal Read More

Government Confirms Crypto Profits Not Taxable in South Korea – Bitcoin News

Bitcoin.com

South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an Read More

Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia – Bitcoin News

Bitcoin.com

In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized Read More

Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India – Bitcoin News

Bitcoin.com

The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about Read More

Indian Government’s Institute Offers Blockchain Training in Multiple Cities – Bitcoin News

Bitcoin.com

The National Power Training Institute, under India’s Ministry of Power, is offering blockchain training in multiple cities throughout the country. Participants will learn about blockchain technology, its use cases, smart contracts, Ethereum, cryptocurrency, Bitcoin, and even mining. Also read: Regulatory Read More

4 Beijing Regulators Issue New Crypto Activity Warning – Bitcoin News

Bitcoin.com

Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their Read More