cryptos

Korean Exchanges Delist High-risk Coins as They Face Tough Regulations

<div class=”featured_image_container”> </div> <strong>Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. </strong> South Korean Exchanges Wipe Trading Lists of Risky Digital Assets …

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Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains

<div class=”featured_image_container”> </div> <strong>Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency …

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Kenyan Capital Markets Regulator Wants Better Coordination With Other Bodies When Testing Crypto Assets

<div class=”featured_image_container”> </div> <strong>Kenya’s Capital Markets Authority (CMA) says the country needs a more encompassing approach that enables it to leverage other regulators’ expertise when testing crypto assets. </strong> Kenyan Crypto Interest Also, the Kenyan body, which favours a joint financial sector regulatory sandbox, says it is keen to forge “a common stance and joint-messaging …

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India’s central bank ‘very much in the game‘ with digital currency project

Indian authorities continue to express support for a government-backed digital currency to replace privately-issued cryptocurrencies. According to Bloomberg, RBI governor Shaktikanta Das has expressed the central bank’s determination to create a digital rupee. According to Das, India’s central bank is “very much in the game” and wants to emulate China’s digital currency electronic project, the …

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Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro

<div class=”featured_image_container”> </div> <strong>The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR).</strong> Petro Is Gathering Strength Due to Its Surging Prices in the Secondary Market, Says …

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Nicehash Crypto Mining Pool ‘Fully’ Reimburses All Users Affected by 2017 Hack

<div class=”featured_image_container”> </div> <strong>A Slovenian cryptocurrency mining pool and trading platform announced that they’ve managed to fully compensate their users affected by a hacking attack that took place in December 2017, which took over 4,600 bitcoins.</strong> Nicehash ‘Fully’ Reimburses Users Affected in 2017 Hack According to the letter published by Martin Škorjanc, CEO of Nicehash, …

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British Politician Nigel Farage Says Bitcoin Is the Ultimate Anti-Lockdown Investment

<div class=”featured_image_container”> </div> <strong>British politician and leader of the Brexit Party, Nigel Farage is lauding bitcoin branding it as the ultimate anti-lockdown investment. The controversial politician’s comments are drawn from one edition of his daily ‘Fortune &amp; Freedom’ newsletter whose mission is to help “get your money and your destiny back in your hands.” </strong> …

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Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-20.jpg” alt width=”1456″ height=”360″></a></div><strong>According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances …

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