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The founder of Alibaba, Jack Ma, believes that cryptocurrencies are the future of finance, and they are here to stay as they provide financial freedom.

Alibaba founder Jack Ma says cryptocurrencies are the future of finance.

The founder of e-commerce giant Alibaba, Jack Ma, states that cryptocurrencies are the future of finance. In his speech, he said that digital currencies are here...
The US Commodity Futures Trading Commission has issued a new advisory to futures commission merchants (FCMs) holding digital currencies in segregated accounts.

The US CFTC issues new advisory to future commissions for holding cryptocurrencies.

The US Commodity Futures Trading Commission (CFTC) has issued a new advisory to futures commission merchants (FCMs) that hold digital currencies in segregated accounts....
The Swiss National Bank and the Bank for International Settlements (BIS) plan to test a central bank digital currency (CBDC) by the end of this year.

Swiss parliament approves new laws to regulate cryptocurrencies.

Switzerland's government continues to lead the way in blockchain regulation, approving a raft of new laws that amend existing statutes to bring them in...
The US Internal Revenue Service provides clarification on the rules around declaring digital currency activity in the new guidance.

Blockchain analysis firm Chainalysis wins the IRS contract to track cryptocurrencies.

The U.S. Internal Revenue System, has granted a contract to Chainalysis to develop a tool that will allow authorities to track privacy coins like...
The Nigerian government has launched a roadmap on promoting the adoption of blockchain technology and digital currencies.

Small value transfers involving cryptocurrencies increase by 55% in Africa – a report by...

People in Africa are increasingly turning to cryptocurrencies as a means of an exchange over local fiat currencies, according to a new report from...
Cryptocurrency miners in Iran will now have access to electricity from three of the country's biggest power plants. Crypto mining industry grows in Iran.

Iranian authorities allow power plants to mine cryptocurrencies.

Iranian authorities gave the green light to industrial power plants to operate as cryptocurrency miners, provided that they don't use subsidized power for it....
Digital currencies offer an exciting avenue for them to continue expanding the network-of-networks to support new forms of commerce, says Visa.

Global payments giant Visa reveals its plans involving cryptocurrencies.

In a blog post, the global payments technology company Visa revealed its views and aspirations from cryptocurrencies. The payment giant wrote in the blog...
South Korea's leading banks' officials call for more regulation on cryptocurrencies to support the long-term development of the industry within the country.

South Korean regulators seek to impose a 20% tax on cryptocurrencies.

According to local reports, the South Korean government is seeking to impose a 20% tax on digital currencies. The East Asian country has been...
Despite regulatory criticism, the social media giant has decided to move ahead with its crypto project. Libra Association held its inaugral meeting today.

The European Commission to present strict regulations for cryptocurrencies like Libra.

The European Financial services commissioner Valdis Dombrovskis said that the lack of legal certainty is often cited as the main barrier to developing a...
Public officials in Russia starting will be required to declare all the crypto assets they hold as income. The new law would come into effect next year.

Russian post office head jailed for mining cryptocurrencies on work computers.

A Russian post office boss is now in jail for allegedly using wok computers to mine cryptocurrencies. According to the report published in Russian...
The Central Bank of Myanmar has announced to outlaw the use of digital currencies in the country. However, the crypto community is unfazed by the decision.

The central bank of Myanmar outlaws the use of cryptocurrencies in the country.

Myanmar's financial services regulator is not a fan of digital currencies, and it has made its stand quite clear. The Central Bank of Myanmar...
The Canadian e-commerce giant, Shopify has added to its acceptable range of cryptocurrencies with a CoinPayments partnership.

Shopify partners with CoinPayments to enable payments in 1800 cryptocurrencies.

The Canadian e-commerce giant Shopify has partnered with CoinPayments to enable its clients to pay merchants in over 1,800 digital currencies as opposed to...
Tether's ability to resist uncertain price crashes has attracted millions of investors. It is the highest traded crypto surpassing Bitcoin, ETH, and XRP.

Tether’s traded volume eclipses all other cryptocurrencies; market capitalization swelled by $8.8 billion

Tether might be the underdog in the cryptocurrency sphere. Currently, its market cap is just behind XRPUSD. With an increase in USDT prices, it...
According to a new update in the amendment of Califonia's existing securities law, the cryptocurrencies could get regulatory clearance.

New amendment in California’s securities law could provide clarity to cryptocurrencies

According to a new amendment in California's securities-law, the world's technological industry could be providing new clarity to cryptocurrency owners. California is one of...
A recent survey conducted by the South Korean wallet provider Childly showed that two-thirds of crypto users are in favor of cryptocurrency taxation.

Two-third of crypto users support taxation on cryptocurrencies

A recent survey conducted by wallet provider Childly found that 66% of respondents are in favor of taxing cryptocurrencies. The survey included more than...
Vladimir Putin said that cryptocurrencies are work beyond borders, so it not possible for any country to have its own cryptocurrency.

Vladimir Putin says countries can’t have their own cryptocurrencies

Russian President Vladimir Putin, when asked about whether Russia will soon have its own national cryptocurrency or not, said that it is not possible...
The President of the Brazilian banking Federation, Murilo Portugal, has argued that digital currencies are not actual currencies.

President of the Brazilian Banking Federation says cryptocurrencies are not actual currencies.

While speaking in a debate in regards to the impact of the digital revolution in the world of finance, President of the Brazilian banking...
Bitcoin failed to prove its status as safe haven as it witnessed one of the worst days in its history on Thursday amid coronavirus outbreak.

How Coronavirus is affecting cryptocurrencies and financial markets all over the world

Coronavirus outbreak has destabilized lives and businesses all over the world as governments continue to work to contain the novel coronavirus. So far, more...
US Congressman Paul Gosar introduced a crypto bill that aims to bring legitimacy to cryptocurrency in the United States of America.

US Congressman presents a bill to regulate different cryptocurrencies.

Representative Paul Anthony Gosar, on 9th March, introduced the Cryptocurrency Act of 2020 that aims to bring clarity and legitimacy to the crypto industry....
US citizens who invested the entirety of their first $1,200 stimulus checks in Bitcoin have seen more than a 40% return as of today.

US FinCEN is all set to roll out new requirements for cryptocurrencies

The US Treasury Secretary Steven Mnuchin, while speaking before the Senate Finance Committee, revealed that the FinCEN has increased its funding on anti-terror funding...
Five people have been accused of cheating investors of over Rs 26 lakh ($34,000) in a cryptocurrency scam in Maharashtra's Palghar district, India.

Two arrested for allegedly scamming $7.5 million in cryptocurrencies

US law enforcement arrested two citizens from the US state of Arizona that allegedly conned MLB (Major League Baseball) players and scammed over 90...
Lawmakers in Hawaii have filed a bill that would allow banks to provide custody for cryptocurrencies. The bill would allow banks to hold cryptocurrencies.

Hawaii lawmakers introduce a bill that would allow banks to hold cryptocurrencies

Five senators from the US state of Hawaii have proposed a bill seeking to authorize banks to provide crypto services. The ambitious bill, if...
The Indian government is planning to introduce a law that might effectively ban the use of cryptocurrencies in the country.

India’s Central Bank clarifies that cryptocurrencies are not banned

RBI made this argument during the ongoing case in the Supreme court of India that will judge if RBI's decision to suspend banking support...
Pro Islamic State-linked terror groups have conducted first transactions in cryptocurrencies in the Southeast Asian country, Philippines.

Terrorists are using more sophisticated ways to raise funds via cryptocurrencies.

The New-York based researching firm, Chainalysis, reported that terrorists are getting more sophisticated as to how they raise their funds, which in result has...
Venezuelan citizens can now pay in bitcoins for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the country.

Burger King starts accepting cryptocurrencies in crisis-hit Venezuela.

According to local news reports, Burger King outlets in the inflation-hit nation of Venezuela announced a partnership with Cryptobuyer to accept cryptocurrencies as a...
A South Korean court has ordered a freeze on the crypto funds belonging to the alleged operator of a child pornography ring.

Profits earned from cryptocurrencies are not taxable in South Korea.

The government of South Korea revealed that it is studying approaches of other major countries to amend its tax laws regarding cryptocurrencies. But as...
Chinese authorities have issued warnings to companies to avoid indulging in cryptocurrency related businesses in the country.

Beijing authorities warn firms from dealing in cryptocurrencies.

According to the Shanghai Securities News report, local authorities in China's capital city have jointly issued a risk warning to businesses not to deal...
A Russian court rejected a victim's appeal for his kidnappers to pay back stolen bitcoins by arguing that the cryptocurrency was not legal tender.

The Supreme court of Russia says cryptocurrencies can be subjected to bribe

The Supreme court of Russia acknowledged that cryptocurrencies like bitcoin and XRP could be used to bribe authorities in the country. Currently, there is...
Japanese e-commerce giant Rakuten now allows users to convert their Rakuten Super Points to bitcoin, ether, and bitcoin cash.

Japan-based Rakuten now allows users to convert loyalty points to cryptocurrencies

Japan's equivalent to Amazon, Rakuten has announced that its users will now be able to convert Rakuten Super Points to cryptocurrencies. Rakuten is the...
Uzbekistan banned citizens from buying cryptocurrencies from licensed crypto exchanges in the country. The country legalized crypto trading in 2018.

Uzbekistan regulators ban citizens from buying cryptocurrencies.

Uzbekistan had legalized the crypto trading in the country last year when it introduced licensing for cryptocurrency exchanges. But the National Agency for Project Management...
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