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Cryptocurrency is like World of Tanks, Ukrainian minister says

The deputy head of the Ukrainian Ministry of Finance expressed his opinion on the future taxation for operations with bitcoin and urged the authorities to not hesitate to determine the legal status of the cryptocurrency. “While the cryptocurrency has no legal status – this is a common means of usage. According to the Civil Code

Verified
2 months ago
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Noisy mining farm in Norway can be closed due to lack of necessary permits

Located north of Oslo, the miner center of Kryptovault, which was previously accused of excessive noise, may be closed due to possible problems with the law. Representatives of local authorities said that the company does not have the required permits and it works outlaw. At the same time, the head of the Kryptovault farm, Stig

Verified
3 months ago
179
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British regulator warned investors about potential scams

The Financial Conduct Authority  (FCA) issued a warning to investors on August 17 stating that scammers could use images of celebrities, attractive website desogn and prestigious or fancy London addresses to attract investors – and these are all red flags: “Fraudulent firms can manipulate software to distort prices and return on investment. They can force

Verified
3 months ago
138
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The Russian Ministry of Finance: the income from crypto is taxable, but no one knows how

The Russian Ministry of Finance admitted that they can not give a clear answer to the question of taxation of income received in the form of cryptocurrency and tokens, but the logic of the tax legislation obliges to somehow pay taxes from these incomes. The legal status of cryptocurrencies is not defined in the territory

Verified
3 months ago
102
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Japanese financial regulator to tighten requirements for new crypto exchanges

The Financial Services Agency (FSA), based on the results of inspections of local crypto-exchanges, concluded that it is necessary to toughen requirements for new trading platforms. The report points to the need to tighten the requirements for crypto exchanges that want to obtain a license for operations. FSA will conduct on-site inspections of such companies,

Verified
3 months ago
143
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Blockchain is an “everyday thing”: the first meeting of Digital Council of Russia took place

In Kaliningrad, a meeting of the Council of the Russian Federation was held. In particular, during the meeting, Novgorod region Governor Andrei Nikitin said that the blockchain for residents of the region has already become “ordinary”. With the help of a joint project between Vnesheconombank and the Government of the Novgorod region, starting in April

Verified
4 months ago
128
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The authorities of South Carolina lift the ban on two blockchain startups

The Securities Division of the Office of the Attorney General of South Carolina canceled the decision to terminate the activities of the ShipChain and Genesis Mining blockchain startups. In May, ShipChain was accused of running afoul of securities laws during their private SHIP token sale. In response, ShipChain said that it operates within the law,

Verified
4 months ago
105
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The SEC representative criticized the rejection of Winklevoss brothers’ Bitcoin ETF application

The SEC official representative Hester Peirce expressed disagreement with her own department, which for the second time rejected to launch the Winklevoss Bitcoin Trust. According to Hester Peirce official statement on the SEC website, the Commission was considering whether the proposal from the Winklevoss twins complies with the Securities Exchange Act of 1934. The SEC representative

Verified
4 months ago
109
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India will prepare a crypto legislation till September – presumably no ban

By September, the Supreme Court of India will issue a set of detailed bills regulating the crypto market. An unnamed official from the Ministry of Finance said that there is no intention to ban crypto completely. Earlier,  the Reserve bank of India announced the temporary ban of operations with crypto exchanges. Then the Supreme Court

Verified
4 months ago
128
News

Korea to legitimize crypto market to control the industry and prevent crimes

The South Korean financial authorities are planning to adopt the first legislation concerning virtual currencies in the nearest future: the main aim for the regulation is preventing hacker attacks and having control over the crypto market. The regulatory framework that is now being developed will allegedly cover a wide range of cases – from crypto

Verified
4 months ago
119
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Putin’s advisor: only isolated systems for freaks are created on blockchain

Dmitry Peskov, the special envoy for digital development of the Russian president, expressed his opinion on DLT during a recent educational event. “I have a very good attitude towards distributed ledgers, this is the future. Blockchain is one of the subclasses of distributed ledgers, and not the best one. The technology has a number of limitations, some

Verified
4 months ago
114
News

High-tech valley in Belarus will regulate crypto exchange activities

Located in Minsk, the High-Tech Park of Belarus, Eastern Europe develops requirements for the operation of crypto exchanges, as well as rules for services related to the issue and placement of tokens. State representatives of the legal and technological backgrounds participate in making a draft. This was reported to ForkLog magazine by lawyer Denis Aleinikov.

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4 months ago
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