There are a number of reasons due to which governments and legislators of various countries would like to drive cryptocurrency into the regulatory framework. Most of these reasons are connected with the creation of an additional source of income for governments, although they usually hide behind good intentions, constantly talking about “risks for investors”. However, besides the desire to create an additional source of income, there is another reason – political, rather than financial. Let's discuss these two scenarios in detail. Taxation Like everything related to finance, cryptocurrencies should be taxed. For example, if you yourself provide yourself with work…
Author: BlockchainJournal
Specializing in ensuring anonymity on the Internet, the Tor Project began accepting donations in various cryptocurrencies. The other day on the project site a list of digital assets taken as donates appeared. Raising funds for the project, Sarah Stevenson, in a conversation with CoinDesk, noted that the organization has been accepting payments in Bitcoin for several years. However, previously receiving funds was carried out through processing […]
The Swiss Federal Assembly approved a proposal requiring the government to begin adapting existing legislation to regulate cryptocurrency . The proposal was submitted by a member of the radical-liberal party, Giovanni Merlini (Giovanni Merlini), who said that the regulation of the sector would close market gaps and protect investors from abuse. The document was adopted by 99 votes to 83, abstained in the voting of 10 lawmakers. Opponents of the Merlini proposal pointed to the absence in it of specific measures to reduce risks associated with cryptocurrencies. There were also doubts whether crypto-trading platforms should be considered financial intermediaries and…
According to the head of the largest Bitcoin exchange Binance Changpen Zhao, thanks to cryptocurrency companies can do without banks. The other day, JPMorgan Chase spokesman Ron Karpovich expressed the opinion that cryptocurrency companies in any case are forced to use the services of banks. Karpovich added that participants in the digital asset market should perceive financial institutions as their partners, not competitors. Zhao objected to the opinion of the representative of a large […]
Chinese telecommunications and electronics giant Huawei has announced its entry into the cloud business services market, including blockchain services . The announcement was made at the cloud technology summit in Hong Kong, where Huawei also announced its intention to invest heavily in this autonomous territory to make it the engine of innovation for all of China. The summit was attended by more than 1,000 companies and entrepreneurs from Guangdong, Hong Kong and Macau. The Huawei platform offer includes : Huawei's artificial intelligence solution, including text recognition and language understanding; Decentralized blockchain services with all the advantages of DLT, designed for…
Russian Alexander Vinnik, suspected of laundering at least $ 4 billion through the BTC-e cryptocurrency exchange, sued the Greek city of Piraeus to appeal for his release or extradition to Russia. This is reported by the local edition of e-Kathimerini. Vinnik claims he is innocent on all charges, and his rights are violated by the Greek authorities. So, the term of keeping a Russian in custody […]
Chicago Mayor and former head of the administration of US President Barack Obama, Rahm Emmanuel (Rahm Emmanuel) argues that the future cryptocurrency is "positive." According to Forbes , Emmanuel spoke about the potential of cryptocurrencies to play an important role in the capital markets and in the third world countries where the currency is unreliable. According to the mayor, digital assets will change the "financial aspects of society." “The trend regarding their future is positive. I do not know whether it will be 10 or 20 years, but the trend is positive. I do not know what is this. I…
Tokenization of assets is a hotly debated topic in the crypto industry for the last two years. Tokenize offer everything: from stocks , to real estate and even art objects. Let us try to figure out what this is – a new way of making money or a step towards revolutionary changes in the market. What is tokenization? Tokenization – transfer of rights to a traditional asset to a token on the blockchain . Such a token is provided with a real asset and is tied to its value. It is assumed that this digital twin has the advantages of…
Intercontinental Exchange Inc., ICE hit a brick wall with its Bakkt project, which should become a platform for trading Bitcoin futures. The company planned to launch the Bakkt platform in November 2018, but the Commodity Futures Trading Commission (CFTC) is in no hurry to give the project the green light. Initially, the company planned to store Bitcoin customers to ensure physical delivery. But according to the CFTC, in this case, the ICE will have to disclose its business plan and go through a public comment period, which will delay the approval process, reports Wall Street Journal, citing people familiar with…
The leading Russian publishing house Alpina Publisher is preparing to release the book Blockchain in Practice. Its authors are Alexander Tabernakulov, the founder and head of the PR agency for technology companies Filigran, as well as the CEO of the blockchain platform for managing electricity NS and energy-saving devices manufacturer EnesFilter Jan Coifmann. The book talks about the technology of the distributed registry, its relevance and prospects, as well as the technical features of […]
