To avoid recession of national economics Turkey is planning to become the crypto and blockchain hab in Eurasia: What has been done and what to expect in the future? Turkey is making huge strides toward becoming one of the world’s premier locations for blockchain and cryptocurrency adoption. A nation that has often been seen as…
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Authorities in the 3rd-largest economy are meeting to discuss adopting a digital currency. With finance ministers and central bank governors having recently discussed cryptocurrency regulations at the G-20 summit, Japan is taking notice at home. Leaders at the Bank of Japan (BOJ), Ministry of Finance (MOF), and Financial Services Agency (FSA) have held a number…
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Belgium’s Financial Services and Markets Authority has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. Belgium’s Financial Services and Markets Authority (FSMA) has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. The FSMA made the update following a number of complaints from Belgium-based users who dealt with fraudulent offers of investment…
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Central bank governors and finance ministers discussed regulatory oversight of cryptocurrency at the G-20 meeting in Riyadh this week. Facebook’s plans to launch its cryptocurrency Libra this year has more than a few agencies in the European Union and the United States wondering what to do. While government bodies around the world are working to…
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The digital currency set to be released by Facebook in 2020 still has unanswered questions from the EU. Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the…
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A lawyer for the WikiLeaks founder claims a Republican congressman dangled a pardon for denying Russian involvement in the DNC leak. A lawyer for Julian Assange spoke in court on Wednesday, claiming a former Republican congressman offered the WikiLeaks founder a presidential pardon. This clemency was to be in exchange for denying Russian involvement in…
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The mastermind behind the $147 million Gemcoin cryptocurrency scam, has admitted to wire fraud and tax evasion. Steve Chen, the mastermind behind the $147 million Gemcoin cryptocurrency scheme, has admitted to wire fraud and tax evasion in a plea agreement. The 62-year-old Southern California resident agreed that he and other co-conspirators fraudulently promoted a cryptocurrency…
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The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks. One of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments. The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with…
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Indian IT giant Tech Mahindra is launching a blockchain accelerator together with the government of the southern state of Telangana. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana. The parties hope the accelerator will become a “torch-bearer” for…
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Cryptocurrency companies and advocates will meet in DC to discuss how the IRS can “balance taxpayer service with regulatory enforcement.” With the 2019 tax season upon us, the IRS is leaving nothing off the table. Cryptocurrency holders are looking for ways to avoid reporting failures on their returns, and the agency has noticed. According to…
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