The European Securities and Markets Authority (ESMA) has announced that it will impose restrictions on the leverage offered for contracts-for-difference (CFDs) and binary options offered to European retail investors. Under the new measures, the leverage offered on cryptocurrency CFDs will be limited to no more than 2:1. Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018  European Securities Regulator Imposes Restrictions on Leverage Offered by CFD Providers ESMA has agreed on what it describes as “temporary product intervention measures on the provision of [CFDs] and binary options to […]

The chairman of the central bank of Kazakhstan said that the bank has prepared legislation to prohibit the sale and purchase of cryptocurrencies in the country as well as any kind of crypto mining, citing several risks he sees. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies National Bank’s Crackdown on Crypto The chairman of the National Bank of Kazakhstan Daniyar Akishev said on Friday that “Kazakhstan intends to prohibit the purchase and sale of cryptocurrencies and any kind of mining of cryptocurrencies” in […]

Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. Also read: 0 to 50 percent – Time to Pay Crypto Taxes in the European “Union” Tax Obligations Apply to All Residents, Including Foreigners Lawmakers are finalizing the legislation that should regulate […]

The week began with news that Twitter’s ban on cryptocurrency ads was taking effect immediately, affecting an industry already taking a hit in interest worldwide. Studies are showing that internet searches are on the decline. But things are looking a little more optimistic in areas like South Korea, which seems poised for growth. Indeed, it was announced that cryptocurrencies will be accepted in over 6,000 South Korean stores over the coming months. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe […]

Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Still No Tax on Crypto Transactions A lawyer in his early 40s recently revealed that he “made a profit of nearly 30 million […]

The Satoshi Revolution: A Revolution of Rising Expectations Section 2: The Moral Imperative of Privacy Chapter 6: Privacy is a Prerequisite for Human Rights How Centralized Exchanges Intend to Devastate You. Chapter 6, Part 6. The root problem with conventional currency is all the trust that’s required to make it work…We have to trust them [third parties] with our privacy, trust them not to let identity thieves [including government] drain our accounts. – Satoshi Nakamoto Satoshi never envisioned centralized exchanges. The spectacle would have appalled him. Bitcoin […]