Cryptocurrency

Coinbase CEO Brian Armstrong is concerned about possible new KYC regulations.

Coinbase CEO Brian Armstrong, in a series of tweets, has suggested new regulations require Bitcoin and other digital asset transactions to be sent only to ID-verified wallets. Armstrong suggested this based on "rumors" he had heard. Though it's hard...

Chinese police seize crypto assets worth $4.2 billion related to the PlusToken Ponzi scheme.

According to a Chinese court ruling, Chinese police seized cryptocurrency worth more than $4.2 billion related to the massive PlusToken Ponzi scheme crackdown. In a November 19 judgment made public this week, the Jiangsu Yancheng Intermediate People's Court has...

Facebook’s Libra stablecoin is expected to be launched in January 2021.

According to the Financial Times report, the long-awaited stablecoin Libra could finally see the light of day as soon as January 2021. After facing scrutiny from global financial regulators for more than a year, Libra will finally launch in...

Australia and Singapore announce plans for cross-border trade using blockchain.

The Australian Border Force has partnered with two separate regulatory agencies in Singapore, Singapore Customs and Singapore Infocomm Media Development Authority, to run a digital verification schemes trial on the blockchain, which aims to streamline cross-border trade between the...

OECD tax director reveals international crypto tax standards are coming next year.

The director of the OECD's Centre for Tax Policy and Administration, Pascal Saint-Amans, has revealed that the 37-nation organization will introduce a common reporting standard, or CRS, for crypto assets in 2021. According to the Law360 report, Amans stated...

Bitcoin price plunges to its lowest in 10 days.

The world's biggest cryptocurrency, bitcoin, slumped as much as 13% to $16,317, a sharp correction from its three-year high of $19,521 hit a day earlier. It was last down 8%. Bitcoin's price has rallied around 150% this year to...

South Korean government to delay the crypto tax law until 2022.

Cryptocurrency holders in South Korea have been granted an extra three months before implementing a new crypto taxation rule. The rule that was to be implemented in October 2021 will now be delayed until January 2022. South Korean lawmakers...

Crypto exchange OKEx to resume withdrawals a month after it suspended services.

Crypto exchange OKEx announced in a post on Thursday that it is expected to reopen withdrawals at 8:00 UTC on November 26. The post follows a long-awaited update last week where the exchange told users that it would resume...

German’s finance minister does not support private digital currencies.

Speaking at a recent regional banking event, the finance minister of Germany disapproved of private-sector digital currencies. Olaf Scholz called for the advancement of European banking systems to adapt to the digital era. The German finance minister has in...

Monex CEO believes digital yen would make the crypto market more alive.

Earlier this year, Japan's central bank announced its plans to begin testing a central bank digital currency proof-of-concept in 2021. Further details of the institution's approach to development and collaborations have since emerged, indicating that the private sector is...

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Coinbase CEO Brian Armstrong is concerned about possible new KYC regulations.

Coinbase CEO Brian Armstrong, in a series of tweets, has suggested new regulations require Bitcoin and other digital asset...
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