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South Korean exchange Youbit filed bankruptcy last week but has now come up with additional options to pay back its members. The exchange is asking them to vote between three options. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Youbit’s Bankruptcy Filing Youbit exchange’s operator Yaffian filed bankruptcy on December … Read more
A recent survey shows that 49% of Russians want to receive cryptocurrency as gifts, with a large percentage specifying bitcoin. As cryptocurrencies grow in popularity, another survey reveals 73% of Russian investors expect to increase their cryptocurrency holdings next year. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales 49% Want … Read more
This week the popular cryptocurrency exchange based out of Delaware, Poloniex, has issued a notice to legacy account holders. According to the exchange, all traders who use the platform must verify their identity using the company’s upgraded verification portal. Also read: Dancing With the Devil: ‘Cashing Out’ Cryptos Into Fiat Not So Easy Legacy Account Holders … Read more
The bill for the regulation of cryptocurrencies and initial coin offerings (ICOs) in Russia is ready. It was jointly developed by the country’s central bank and finance ministry. The regulators have shared some details of the bill including how mining activities are to be taxed. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, … Read more
Bitcoin is booming in India, and the top trading platforms in the country Zebpay, Coinsecure, Unocoin, and Bitxoxo have seen unprecedented trade volumes and exchange sign-ups. However, in the midst of the bitcoin fever taking place in the region, the country’s Income Tax Department of India (ITDI) has been investigating exchanges and are researching the … Read more
Bitcoin and other cryptocurrency assets are precious and some of them have grown over 1300 percent in value this year. Although, with the price on exchanges being higher than ever before its now a bit more difficult for those who want to ‘cash out’ or make significantly large purchases without being watched by the prying … Read more
The government of South Korea held a meeting on Thursday to discuss measures to deal with the growing trend of cryptocurrency speculation. The regulators clarified the clampdown on virtual accounts as well as other measures to end anonymity. In addition, the Ministry of Justice suggested an even more extreme measure. Also read: Russian Regulators Draft Law … Read more
Bitcoin mania has taken over the business world. Companies from India to Long Island are rushing to add bit, coin, crypto or blockchain to their names. As that is the case it would not be a big surprise if some have also stretched the definition of what they do too far just to have some … Read more
The Russian finance ministry has unveiled its proposals for the regulation of initial coin offerings (ICOs) in the upcoming bill to be submitted this week. They include the maximum amount an ICO can raise as well as an investment limit for unqualified investors. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and … Read more
Despite the government ramping up regulatory measures for bitcoin traders and exchanges, Indian entrepreneurs are rushing to set up companies with bitcoin or cryptocurrency-related words in their names. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Capitalizing on Crypto Indian entrepreneurs have been rushing to register businesses with the … Read more
