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The New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The US Wants South Korean Crypto Data The New York State Department of Financial … Read more
The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies … Read more
Blockchain technology was heralded as the revolution for everything, the next wave in technology, yet, 10 years on and there is still little real use for it. #OP-ED Go to Source Powered by WPeMatico
Scam rumors involving AriseBank followed by the state of Texas demanding it stop serving the state’s residents. #NEWS Go to Source Powered by WPeMatico
Personal income tax does not apply to cryptocurrency gains in Portugal. Transactions on a foreign crypto exchange may be subject to cross-border taxes. #EXPERT_BLOG Go to Source Powered by WPeMatico
According to multiple reports back in October and December of last year, it was said that the financial institution Goldman Sachs had plans to create a bitcoin trading desk. Now a month later, Lloyd Blankfein, the CEO of the firm, says the reports are “not true” speaking at the World Economic Forum in Davos this … Read more
Crypto markets have dropped significantly from their highs in December, leading many pundits to call this a burst bubble. But let’s see what’s really been happening over the last month. #ANALYSIS Go to Source Powered by WPeMatico
Danish unions have vowed to fight Nordea’s Bitcoin ban if the bank uses it as grounds to fire employees. #NEWS Go to Source Powered by WPeMatico
The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In addition to details of the new real-name system to end anonymous trading of cryptocurrencies, the government also published its anti-money laundering guidelines for banks providing services to cryptocurrency exchanges. Also read: Cryptocurrency Activities Will Be Legal and … Read more
UBS Chairman Weber advises against crypto investing for individual, or “Main Street,” investors, wants no blame placed on banks in the event of a future crash. #NEWS Go to Source Powered by WPeMatico
