French authorities intend to levy income taxes on converting cryptocurrencies to fiat. Cryptocurrency trading does not require paying taxes without fiat transactions, Bloomberg reports citing Finance Minister Bruno Le Mer. The official added that when buying goods and services for cryptocurrencies, VAT will be charged. A similar tax policy is approved in Portugal, where the conclusion in […]
Finance
Digital Financial Assets Bill Done. It will be considered at a meeting with Finance Minister Anton Siluanov as early as next Wednesday, September 18. This was stated by the head of the State Duma Committee on the financial market Anatoly Aksakov, Rossiyskaya Gazeta reports. Judging by his words, the authorities still have not decided on the cryptocurrency market regulation vector: “In principle, in order to […]
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System (FRS), said that his department is monitoring the field of crypto assets, but does not plan to issue its own digital currency. Highlight: “We are following the whole question of digital currencies,” says Fed Chair Jerome Powell. “It's not something that we are actively considering. For us, it raises significant issues that we […]
The United States National Security Agency (NSA), whose previous activity in the cryptosphere was tracking bitcoin transactions, began to develop a cryptocurrency-resistant cryptocurrency. Anne Neuberger, head of the NBA’s cyber security directorate, made a statement at the 10th annual Billington CyberSecurity Summit in Washington, which was also written by Bloomberg reporter William Turton. Anne Neuberger, Director of NSA's new Cybersecurity […]
The Dutch bank will begin to regulate the activities of cryptocurrency companies as early as next year. This was reported on the official website of the bank. It is reported that the regulator will begin to monitor the activities of companies providing cryptocurrency services on January 10, 2020. We are talking about companies that offer services for exchanging digital assets for fiat, as well as suppliers of cryptocurrency wallets. Regulation of companies operating […]
A spokesman for the DPRK National Coordinating Committee on Combating Money Laundering and the Financing of Terrorism called the report of the UN Security Council on cyber attacks by North Korea fraud. It is reported by The Korea Central News Agency. “The United States and other hostile forces are spreading rumors that we illegally seized the $ 2 billion needed to develop weapons of mass destruction programs through […]
The developer of ZCash Electric Coin Company (ECC) published a new report, according to which the company, despite financial losses in a bear market, managed to avoid staff reductions. According to the document, in the first quarter of 2019, the average monthly loss of ECC was 30% – with revenues of $ 449,000 per month, expenses were on average at $ 635,000. When […]
The German blockchain startup Bitwala has launched a banking application with an integrated Bitcoin wallet. This was reported on the company's website. The application is available for devices on iOS and Android. With its help, residents of 30 European countries can open an account with a German bank in a few minutes using the video identification function. Also, users can receive a Mastercard debit card with the possibility of depositing funds in the amount of […]
The Middle East Media Research Institute (MEMRI) published a report stating that terrorist organizations ISIS, al-Qaeda and Hamas receive funding in the cryptocurrency using the Telegram messenger. It is reported by Jewish News Syndicate. In particular, MEMRI noted that in January representatives of Izz al-Din al-Kassam (the military wing of Hamas) used the Telegram and WhatsApp messengers, and […]
Chairman of the House Financial Representatives Committee of the US House Maxine Waters said that her department will continue to study in detail the features of the cryptocurrency initiative Libra from the largest social network Facebook. Congresswoman introduced the agency’s work plan for this fall. The list of tasks, in particular, contains an obligation to continue studying Libra and the Calibra wallet, created by Facebook. The committee also intends to learn the views of […]