Singapore’s ‘Bitcoin trial’ rules in favor of market maker

The cryptocurrency world is still unregulated in so many countries, most of which are still debating about the exact framework to shape the industry. As a result, there are many “firsts” for Bitcoin with regards to legal action that many cryptocurrency proponents are watching closely, to see if they set any precedents. On March 14,…

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Singapore’s ‘Bitcoin trial’ rules in favor of market

The cryptocurrency world is still unregulated in so many countries, most of which are still debating about the exact framework to shape the industry. As a result, there are many “firsts” for Bitcoin with regards to legal action that many cryptocurrency proponents are watching closely, to see if they set any precedents. On March 14,…

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Int'l Financial Watchdog FATF to Introduce Cryptocurrency Rules in 2019

The Financial Action Task Force (FATF) – an international agency which is intended to tackle criminal activity across the globe, is set to issue the first set of rules regarding cryptocurrency regulations in 2019. Focus on Crypto Exchanges The FATF is based in Paris and it is currently comprised of 37 countries. Its’ president Marshall…

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Bittrex to Launch Crypto Exchange in Malta Next Month

US-based cryptocurrency exchange Bittrex is reportedly launching a crypto exchange in Malta at the beginning of next month. Bittrex says the new platform will allow them to list coins “a lot faster.” It will operate within the regulatory framework established by the European Union and the Maltese government. Bittrex Eyes Malta Launch in October Bittrex…

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Cryptocurrency Mining Extensions Banned from Web Store – 90% Failed to Comply its Rules

Google has decided to ban crypto mining extensions from the Chrome Web Store. The decision was taken on April the 2nd due to the fact that 90% failed to comply with the current rules. The information has been released yesterday by google in a blog post. Crypto Mining Extensions Banned Google’s main purpose is to…

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American Bar Association Offers IRS Guidance On Rules Around Forked Tokens

The American Bar Association has recommended that the IRS offer taxpayers temporary safe harbor regarding cryptocurrency that they acquired as the result of a hard fork. It has also begun to explore the possible implications that such tokens might have during future tax seasons. The American Bar Association (ABA) Section of Taxation has recommended that…

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