Rumors surrounding a central bank digital currency (CBDC) in China increased again, once China’s law for cryptographic password management came into power at the beginning of January 2020. Even though China issued warning on crypto speculation in Q4 2019, media outlets continue to spread the idea that the PBoC could
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Based on the information available right now, Facebook’s Libra project should be launched in June 2020, but as David Marcus, the man in charge of the project, claimed, the date could be postponed until all regulatory hurdles will be settled. According to a recent Reuters report, it seems like the
Things can easily take a 180-degree turn in the cryptocurrency market and that’s what happened yesterday, when the cryptocurrency market started to rebound impulsively higher, erasing all the weekly losses. If for the past few days cryptocurrencies had dropped mainly due to a Chainalysis report, now we have more upbeat
On December 10th, the U.S. Department of Justice announced that BitClub Network was actually a $722 million-worth crypto scheme and just recently, authorities in New Jersey had arrested three men who are assumed to be important figures from the company, according to Cointelegraph. If Chinese Authorities announced inspections for crypto
The scrutiny surrounding the Facebook Libra project is not over yet, and proposed regulation for stablecoins might represent another important roadblock for the company. On October 28th we’ve talked about the “Stablecoins Are Securities Act of 2019”, a piece of legislation proposed on a bipartisan way that will place some
Even though most of the attention is focused on China and some of its activities to crack on cryptocurrencies, it seems like Switzerland is another country currently asking for better regulation when it comes to blockchain. The Federal Council of Switzerland, which acts as the main executive governing body, made
As time passes the idea of central bank digital currency (CBDC) continues to gain traction and the United States Federal Reserve is among the public institutions exploring this new concept. Just recently we’ve seen how the US major bank JP Morgan, in partnership with Singapore’s MAS, revealed a new blockchain
A few weeks ago, enthusiasm was fueled by an assumed change in the stance of China’s approach towards cryptocurrencies. Even though authorities had made it clear already that they’re interested in the blockchain technology and not cryptocurrencies, some crypto enthusiasts now have to take another hit, following the latest reports
Her Majesty’s Revenue and Customs (HMRC), the UK’s tax, payments, and customs authority, made an important announcement on November 1st when it updated its cryptocurrency taxation guidelines for businesses and individuals. Just last month we’ve talked about how the US IRS had done something similar, and now the tax agency from
Things don’t settle when it comes to cryptocurrency regulation proposals, and despite focused on an impeachment inquiry into Donald Trump, the US Congress found enough time to introduce a bill related to stablecoins – cryptocurrencies pegged to the value of a fiat currency. Last week, Mark Zuckerberg, founder and CEO
