• news
    Alt coins,  Asia & Australia,  Bitcoin,  Europe,  Latin America,  Media,  Politics

    Must-reads for August 23, 2018

    SEC rejects bitcoin ETFs (CNBC) Crypto bros are used to getting a lot of rejections, especially on Tinder. Now it’s the Securities and Exchange Commission turn, rejecting seven bitcoin-based exchange-traded fund. Bitcoin prices remain above $6,000, perhaps because it was mostly priced in. Obviously, everyone read the Modern Consensus piece about why the SEC shouldn’t approve such ETFs in the first place. A cryptocurrency is making huge inroads in Venezuela as inflation runs wild — and it’s not bitcoin or the petro (Business Insider) Spoiler alert: The cryptocurrency they’re talking about is Dash. Hey, maybe one of the upsides to a regime marked by terror, failed financial planning, corruption, persecution…

  • crypto handcuffs
    Canada,  Europe,  Regulation,  United States

    Five countries join forces to crack down on crypto tax crimes

    A group of five nations have formed an international alliance to fight cryptocurrency-related tax crimes and money laundering schemes. The Joint Chiefs of Global Tax Enforcement, or J5, includes tax agencies from Australia, Canada, the Netherlands, the United Kingdom, and the United States. Authorities from the five countries hope the collaborative effort will increase their success in combating cross-border tax crimes. “We will work together to gather information, share intelligence, conduct operations, and build the capacity of tax crime enforcement officials,” the group said on its new page on the IRS website, adding that J5 plans on piloting new approaches and conducting joint operations against offshore tax crimes. Cryptocurrency allows…

  • Bitcoin Rupees
    Asia & Australia,  Europe,  Regulation

    As India bans cryptocurrencies, Thailand, South Korea, Switzerland, and the EU embrace them

    India is thought of as a tech giant but there’s one technology it doesn’t like, even while other parts of the world do: crypto. India’s Supreme Court has decided to keep in place a cryptocurrency ban on regulated financial institutions announced by the country’s central bank three months ago. This basically dries up a large portion of the crypto market in the second-most populous nation in the world. On April 5, the Reserve Bank of India issued at statement saying, among other things: “In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any…

  • Malta
    Cryptocurrencies,  Europe,  Innovators

    Binance shines light on Malta as crypto’s new tax haven

    Good news for European Binance customers: The one-year-old cryptocurrency exchange based in Hong Kong is looking to set up shop on Malta The prime minister of Malta personally welcomed the crypto behemoth to the Mediterranean island nation between Sicily and Tunisia. The move may be good news for the EU’s wealthy, too. On Thursday, , the exchange got a slap on the wrist from Japan for operating without registering first. A few hours later, the company’s CEO, Zhao Changpeng, told Bloomberg that Binance will start a “fiat-to-crypto exchange” on Malta instead. Prime Minister Joseph Muscat personally tweeted his greeting to company: Welcome to #Malta 🇲🇹 @binance. We aim to be…