As the world continues to fight with the rapid spread of coronavirus, data privacy comes into question. Governments are now considering tracking online user data as a way to fight the rapid spread of COVID-19. As a result, the question of personal data privacy is increasingly becoming a subject of discussion within the crypto community.…
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In an exclusive interview with CT, a senior member of the Japanese government discusses the urgent need to implement a digital yen. Even amid the financial turmoil caused by the coronavirus outbreak, countries are continuing to consider the adoption of a central bank digital currency (CBDC). In an exclusive interview with Cointelegraph Japan, Kozo Yamamoto,…
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In view of the recent Steem takeover fiasco, how do some of the most popular exchanges handle user deposits? Crypto exchanges have become the most powerful stakeholders in the crypto ecosystem. Currently, just 12 crypto exchanges hold around 2.5 million Bitcoin (BTC) in their wallets, worth around $15 billion. That’s 13.8% of all Bitcoin mined…
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As the Coronavirus outbreak rages in the U.S., the government passed relief measures that delay the payment of taxes to July, which also affects crypto investors. The United States Internal Revenue Service (IRS) will defer tax payments below $1 million from April 15 to July 15. Crypto traders can also take advantage of the measure…
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The Reserve Bank of Zimbabwe is reportedly working on a regulatory sandbox that would help fintech and crypto companies operate in the country freely. The Reserve Bank of Zimbabwe (RBZ) is reportedly developing a regulatory sandbox for cryptocurrency companies in the country. The news was reported on March 16 by local newspaper Chronicle, citing a…
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Colombia is one of the key players in the crypto sphere by pace of adoption. What are the reasons behind such popularity? The growing popularity of cryptocurrencies in Colombia has been widely discussed, as there is no unanimous consensus over the key reasons that are driving this momentum. The fact is that there are several…
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Rhode Island Rep David Place explains the state’s new bill also relates to cryptocurrencies. Although Rhode Island’s recent Blockchain Act does not explicitly reference cryptocurrencies, the bill aims to provide regulatory clarity for them. “If you look at the legislation, it doesn’t necessarily mention crypto specifically, but when it talks about complex financial instruments and…
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GMO Coin reported record volume, Tokai Tokyo Securities joined the Japan STO Association, and more headlined news from Japan this past week. This week’s headlines from Japan included GMO Coin reporting record transaction volume from February, BitFlyer surpassing 2.5 million users, Tokai Tokyo Securities joining the Japan STO Association, and SBI FX seeking margin trading…
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Wilshire Phoenix CEO Bill Herrmann sees the Fed’s latest capital injections as tiny, meaning Bitcoin is even smaller. The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price. “So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO…
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U.S. ISIS supporter gets 13-year sentence for funding the terrorist organization using cryptocurrencies including Bitcoin back in 2017. A United States federal court has sentenced a U.S. citizen to 13 years in jail for laundering money for ISIS using Bitcoin and other cryptocurrencies. Per a Department of Justice announcement on March 13, Zoobia Shahnaz of…
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