Swiss Regulations Are Driving ICOs Away
Ever since ICO mania exploded in early 2017, Switzerland has served as Europe’s de facto crowdsale launchpad. Financial authorities have welcomed crypto startups, and the likes of Tezos, Mysterium, and Arcblock have all heeded that call. Guidelines laid out by Switzerland’s Financial Market Supervisory Authority (FINMA) in February were meant to add clarity for ICOs. Instead, they’ve had the opposite effect. Also...
Bitcoin in Brief Monday: Twitter Wields the Banhammer – Shuts Down @Bitcoin
The cryptocurrency space is rarely short of drama, but there’s something about Twitter drama in particular that sets tongues wagging and crypto influencers crossing swords. The suspension of the popular @Bitcoin account on Sunday has sparked furious debate. In today’s edition of Bitcoin in Brief, there’s all that plus some ludicrous claims from new blockchains. Also read: Bitcoin in Brief Sunday: Stablecoin v...
Bitfinex Introduces Trading for 12 Altcoins Including Tether Competitor
Bitfinex has announced the introduction of 12 new ERC-20 tokens. Among the tokens listed is Dai – a stablecoin competitor to Tether. Also Read: First Soros, Now Rockefellers Move into Cryptocurrency Bitfinex Announces Trading Pairs for 12 New Altcoins On April 7th, Bitfinex announced via Medium the introduction of 12 new altcoins on its trading platform. All of the new tokens are ERC-20 tokens (the technical standard...
South Africa Puts Onus on Taxpayers to Declare All Cryptocurrency Income
The tax authority of South Africa has warned taxpayers in the country against forgetting to report all their cryptocurrency transactions. However, it also presented a framework with a few positive points for those trading cryptocurrencies such as the ability to claim expenses and losses. Also Read: ADS Securities Adds Bitcoin Cash, Litecoin, and Ripple CFDs Not Legal Tender, Still Taxable The South African Revenue Service (SARS)...
Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular
The State Bank of Pakistan (SBP) has issued a circular on the “prohibition of dealing in virtual currencies”. The measure comes right after a similar move by the central bank of neighboring India. Commercial banks and payment providers have been told to stay away from crypto operations. They should not facilitate transactions of virtual currencies and tokens, the document states. Also read: India Orders...
