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The Finance Ministry of the South Korean government announced a plan to tax initial coin offerings and digital currencies in accordance with the creation of the taxation infrastructure and international trends. South Korea Closer to Legalize and Tax Crypto Fundraisers as New Government Takes Over Hong Nam-ki, Minister...
While cryptocurrency-related scams are commonplace on Twitter, Facebook users have started being targeted by scammers with fake cryptocurrency ads. Facebook Users Targeted with Fake Crypto Ads Twitter has been widely plagued with cryptocurrency-related scams, typically through phony giveaways that lure users into sending crypto in exchange for a...
Despite China’s crypto crackdown, a Chinese cryptocurrency enthusiast recently embarked on a twenty-one-day journey to survive solely on a small stash of Bitcoin, no more, no less. 21 Days, 0.21 Bitcoin When it comes to cryptocurrency diehards, there isn’t anyone as committed as China-based crypto proponent He You Bing,...
The Reserve Bank of India (RBI) decided, in a circular issued on April 6, that banks in the country will no longer be allowed to do business with crypto exchanges. The deadline, which expires on July 5, is forcing companies to prepare for the worst. Zebpay, one of...
Wells Fargo has announced that it will begin to block all cryptocurrency purchases on credit cards under the Wells Fargo name. Wells Fargo Imposes Credit Card Restrictions Despite the ban, Wells Fargo has implied that the ban may only be temporary. To clear up the waters regarding this issue,...
India may apply the Goods and Services Tax (GST) to cryptocurrency trading as they could be classed as intangible goods. Reports claim this 18% tax is being examined by the Central Board of Indirect Taxes and Customs. India Refuses to Embrace Bitcoin The implications of this would mean...
Taking a step forward for the cryptocurrency market in the battle against traditional banking, Chilean crypto trading platform Buda has persuaded a court to force the re-opening of the exchange’s accounts. Chile’s anti-monopoly court has ordered Itau Corpbanca and Banco del Estado de Chile — the country’s central...
India’s recent problems with cryptocurrencies and the exchanges that trade them has caused investors a lot of stress, both locally and globally. Fortunately for crypto-enthusiasts, dealings have now reached the country’s high courts. Challenging Royal Bank of India’s Crackdown Yesterday, April 22nd, the Delhi high court issued a...
Bitcoin case study: Aniket Patel is an Indian teenager and cryptocurrency investor who is still working on his school exams. Despite this, Patel spends more time checking the Reserve Bank of India’s (RBI) website than scouting for exam results. This is because Patel considers himself a long term...
The Reserve Bank of India (RBI) has explicitly prohibited regulated entities from doing business with any companies dealing in virtual currencies. Last week’s decision raised concerns regarding a full ban on cryptocurrencies, which is not true. The jolted market fears Bitcoin and altcoins will face a drop in...
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