China’s social media giant Tencent is planning to set up a cryptocurrency research team in response to the country’s push for digital currency, according to an internal notice the firm circulated on December 23. The team will be responsible for the promotions of digital currency researc...
Chinese police has recently busted another major cryptocurrency scam called CloudToken, with 72 suspects arrested and 30 million yuan (over $4 million) involved. According to local police in Taiyuan, the capital and largest city of Shanxi province in Northern China, they have arrested a g...
After five long years, the Internal Revenue Service (IRS) in the U.S. finally decided to release additional guidelines in October 2019 regarding crypto taxes. While the guidelines have brought some measure of relief by clearing up some important ambiguities, many say they’ve left more ...
China has launched a nationwide crackdown on cryptocurrency as crypto-related illegal activities in the country go rampant again alongside the increasing speculation following the country’s president Xi Jinping’s great push for blockchain adoption. The clampdown effort since 2017 has led to...
China’s ambition of cracking down on illegal activities involving cryptocurrency has reinvigorated as crypto-related illegal activities in the country go rampant again alongside the increasing speculation. Following Shanghai’s move to investigate local cryptocurrency marketplace, China’s t...
China is looking to crack down on cryptocurrency trading again as they notice the speculative fever returns following president Xi Jinping’s laud for blockchain technology. Of late, financial regulators in Shanghai has issued a notice to combat illegal cryptocurrency trade in the region. I...
According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021. “Russia plans to develop a legal mechanism for ...
Cryptography is a tool that can work in two different ways. It can be used to hide information using encryption or, with the correct information, it can be used to track data. The latter is what people are talking about when they name transparency as the primary value of cryptocurrency or blockch...
International economic sanctions have propelled many countries toward cryptocurrencies — from Venezuela to Iran. Now, U.S. sanctions imposed on one Russian company have paved the way for a cryptocurrency mining operation to take over a decidedly industrial facility. Rusal Turns to Cryp...
Today’s average cryptocurrency investors, which number in the hundreds of thousands, may not even be aware that they need to pay taxes on their cryptocurrencies. But there is no longer any reasonable doubt regarding the need for reporting capital gains, compliance, auditing, accounting and taxa...
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