The parliament of Ukraine, called the The Verkhovna Rada, has proposed a tax bill on cryptocurrencies. The bill was initiated by 23 officials and is suggesting a tax of 5% on individuals and legal entities that perform any kind of operations with cryptocurrencies. However, the tax rate should increase form the 1st of January 2014,
The UK Financial Conduct Authority issues a warning to all investors about so-called company clone. Many know the investment firm Fair Oaks Capital Ltd., and now, a scammer under the same name is operating. All legal entities in the United Kingdom that work with all kinds of finances and investment should have passed certification and
Austrian Financial Market Authority offers several proposals for tightening the existing regulation for ICOs and cryptocurrencies. The requirements to ICOs will be similar to those of securities. Regarding the financial institutions, for trading foreign cryptocurrencies, they need a mini-bank license, however, for trading cryptocurrencies, there is not such a requirement. During the last year only,
Felix Hufeld, the president of the Federal Financial Supervisory Authority in Germany, explained the main principles which have become the base for the cryptocurrency regulation in this country. The main role of the legislation isn’t the protection of individual investors, but in the protection of the market stability. The investors, even the biggest ones, shall
A board member of Coinbase, Kathryn Haun, claimed, that a proper regulation of the cryptocurrency and the blockchain will not come in the closest years. Haun has made this statement recently at the Code Conference in California. Haun compares cryptocurrency with the internet. It was initially expected and wished, that the internet would have a
New cryptocurrency regulations are being introduced, and the measures become stricter. This is what the customer of one of the biggest crypto-exchange, Bitfinex, already feel. Recently, Bitfinex has submitted a letter to users, where it notifies, that from now, some financial and personal data of the users will be disclosed to government and tax authorities.
Goldman Sachs insists that bitcoin is not a scam, moreover, the bank shares, that they are planning to start buying and selling bitcoins to gain additional revenues. This will create additional competition for Wall Street, but this also will create a healthier atmosphere in the market. Goldman is going to offer various contracts on bitcoin
Japan was the first Asian country to recognize the blockchain and cryptocurrencies. Bitcoin was accepted as a legal tender. But it was Japan where the two biggest hacks in the history took place: Mt. Gox and Coincheck became a history. Regulators have reacted on the hacks with stricter norms, but not only regulators decided to