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COVID-19 Pandemic Spurs Crypto Law Updates in J5 Countries

Cybercriminals are taking full advantage of the COVID-19 pandemic, which has forced life into a digital realm, by leveraging increased fear and uncertainty to steal money and launder it through the complex cryptocurrency ecosystem. Accordingly, the Joint Chiefs of Global Tax Enforcement, known as th..

No Tax for You: Why Crypto Traders and Miners Might Head to Portugal

Analysis Existing outside of the realm of traditional finance and with no central point of authority, digital assets have posed several challenges to governments worldwide. Many nations have struggled with how to define and regulate cryptocurrencies, and there is no uniformity because each country..

DeFi Skepticism, Decentralization, Tax Define London Blockchain Week

Event Recap The final stage of London Blockchain Week looked as if it would be the latest victim to the coronavirus crisis. Many of the events that had initially been set to take place physically were held online. Others were canceled outright. But the jewel in the crown of blockchain week in Lond..

IRS Plans Crypto Crackdown for Tax Evaders

The IRS, or Internal Revenue Service, has called for a summit to be held early next month to address the responsibilities that cryptos holders have from the standpoint of taxation. The US government agency has called on both crypto companies, and crypto advocates to attend the event. Cryptos are mo..

Aussie Blockchain Startup Tells Gov’t Its Tax Laws Are Stifling ICOs

News You need nothing short of “a miracle” to succeed with an initial coin offering (ICO) in Australia, a local industry leader told the government this week. At a Select Committee on Financial Technology and Regulatory Technology hearing on Feb. 20, Dr. Jemma Green said her blockchain firm had su..

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Central Bank Digital Currencies Will Not Affect Bitcoin

With greater interest by central banks around the world to create digital versions of sovereign fiat currencies, there are some concerns about how this...

Venezuela is Serious About Building Up Bitcoin Reserves

Holding reserves in currencies and investment commodities is something that nearly all central banks practice. The United States Federal Reserve, for example, keeps ample...

Cryptocurrency Market Surging on Fundamental Developments

The world of digital currency trading posted very solid transaction volumes on May 8 as Bitcoin returned to its highly anticipated $10,000 level. The...

South Korea is Preparing for a Sovereign Cryptocurrency Future

Over the next two years, the central bank of South Korea will be working on a blockchain project that would create a digital version...

How Blockchain Applications Are Being Used During the COVID-19 Pandemic

A couple of major blockchain development conferences have been canceled, and the cryptocurrency markets are feeling the economic impact of the coronavirus pandemic, but...
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