Australian Tax Agency Seeks Public Input Concerning Cryptocurrency Taxes

The Australian Taxation Office (ATO) has been researching how to formulate regulatory guidelines for taxing cryptocurrencies recently. This week the ATO is seeking input from Australian residents concerning how the country should tax digital assets. Also read: South Korean Exchange Paying Users to Report Illegal Crypto Schemes The Australian Taxation Office is Looking for Public Opinion Concerning … Read more

Crypto Regulator CFTC Chairman Takes Funding Cuts “Incredibly Personally”

The United States’ Commodity Futures Trading Commission (CFTC) has received a $1 million USD budget cut. The announcement has come following the CFTC Chairman, Christopher Giancarlo requested an increase in the regulator’s budget of 12 percent. Also Read: 80,000 New Merchants in Europe Gain Option to Accept Crypto CFTC Request For Funding Increase Answered With Budget … Read more

Bank of Korea Poll: 40% of Young Adults Enthusiastic About Cryptocurrency

The Korean central bank has released the results of its nationwide poll which includes information about cryptocurrency acceptance. Among 25,011 poll participants, 40% of young adults are eager to possess cryptocurrencies, according to local media. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Korean Central Bank’s Crypto Poll The Bank of Korea … Read more

Bitcoin and Cryptocurrencies Are Commodities, Federal Court Rules

Courts, financial regulators, legislators and governments around the world are struggling to fit bitcoin into their existing frameworks. Different legal definitions for the disruptive innovation that is cryptocurrencies can have profound ramifications for the instruments in each jurisdiction such as what agencies will regulate them, under what laws, and how users will be taxed, if … Read more

CFTC Files Against ‘My Big Coin’ for Scamming $6 Million USD

The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against “a virtual currency know as My Big Coin (MBC).” The CFTC alleges that the company raised more than $6 million USD by making false and misleading claims regarding the cryptocurrency’s utility and backing. Also Read: Vouching Bitfinex and Tether’s Bank Accounts Hold Nearly $3 Billion … Read more

US Regulator Sues Three Companies For Cryptocurrency Fraud

The U.S. Commodity Futures Trading Commission has filed charges against three separate companies for engaging in fraudulent schemes involving cryptocurrencies. The cases include fraud and misappropriation of bitcoin and litecoin. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations CFTC Sues Crypto Operators The U.S. Commodity Futures Trading Commission (CFTC) filed civil … Read more

“Bitcoin” And “Mining” Dominate Google Searches as Ukraine Closes in on Legalisation

Keywords like „Бiткойн“ (Bitcoin) and „майнинг“ (mining) have climbed to the top 5 of the “What is…” category in Google Ukraine’s 2017 Zeitgeist report, local media have announced. Queries like “Why did gas go up?” and “Why do we live?” also feature high up in the list – the country has been dogged by economic woes … Read more