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India: Officials “Survey” Nine Crypto Exchanges

Just a month after the Indian Supreme Court issued a warning to the financial interests of the nation, “surveys” have begun on nine of the country’s cryptocurrency exchanges. An undisclosed source explained to local news outlet DNA:“We are collecting the name of investors and their transaction details. The survey under Section 133A of the Income Tax Act, is being conducted for ga

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Reserve Bank of Australia Will not Issue its own Digital Currency

Cryptocurrency markets are still a problem for most regulators and governments. It is evident this new form of money becomes a very real threat to any financial institution on the market. Reserve Bank of Australia governor Philip Lowe is concerned over this speculative mania surrounding Bitcoin and other cryptocurrencies. Such comments often fall on deaf ears, though, as everyone wants to strike i

Tax Investigators Raid Bitcoin Exchanges Across India

Regulation Investigators from the income tax department of India have conducted onsite searches at the offices of the country’s top nine bitcoin exchanges early on Wednesday morning.Also Read: Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with LitecoinGovernment officials told the Indian news agency PTI that multiple teams of detectives fro

Buy Bitcoin, Not Real Estate

Op-Ed Real estate is how ordinary people have stored value and ultimately accumulated wealth. Indeed, post World War II societies all but demanded access to credit through politics, and governments responded with in-kind favors to keep power. Compounding of easy, loose money spurred decades of growth in housing construction, materials, land, and requ

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What’s the Plan, Government – Bitcoin or No Bitcoin For India?

Are Bitcoin and trading cryptocurrencies legal in India? The government has not come up with a definite answer but with multiple contradicting statements over the years. When it comes to the regulation of Bitcoin and other cryptocurrencies in India, there are three most relevant authorities where the word can come from— the Government of India, the Supreme Court or the Reserve Bank of India (RBI

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Indonesia to Ban Bitcoin transactions; Price Remains Unaffected

As the western world wakes up to the potential of blockchain technology and more institutions recognize it, the countries of Asia remain skeptical. The Asian trading session is always a good indicator of how the rest of the day is going and today BTC surpassed $14,000 for the first time. Many nations of Asia including Japan, Korea, Singapore, and Thailand fully support and embrace Bitcoin and cryp

Russian Presidential Candidate: ‘We Will Legalize Bitcoin and Other Cryptocurrencies’

Featured A recently-announced Russian presidential candidate, Boris Titov, is a bitcoin advocate. He promises to legalize bitcoin and other cryptocurrencies if elected. Titov is friends with President Vladimir Putin and heads up his efforts to fight corruption. He has also repeatedly advocated for the legalization of bitcoin in Russia, suggesting the

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Bitcoin Price Goes Absolutely Parabolic

We’re sure you’re used to us posting these kinds of articles by now – after all, we’ve had all-time highs just about every week for some time. However, today Bitcoin did something that it’s never done before. It increased in price by a massive $2,500 in one day. To put that into perspective, that’s over $40 billion pouring into the market in a 24 hour period. Or, to put it the most exc

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Tadej Slapnik: Slovenia will actively participate in the development of European blockchain environment

Tadej Slapnik, the State Secretary in the Office of the Prime Minister of the Republic of Slovenia, is one of the developers of the national blockchain strategy. He is convinced that soon blockchain will be introduced everywhere in Europe; that it will have a positive impact on its social sector, resulting in the strengthening of the European and global economy as a whole. That is why Slovenia, ac

Azerbaijan Rejects Crypto as Means of Payment

Emerging Markets The chairman of Azerbaijan’s Central Bank (CBA), Elman Rustamov, has described the nation’s position regarding cryptocurrencies as ‘conservative’ according to local reports. Mr. Rustamov stated that the CBA does not recognize cryptocurrencies as a legitimate means of payment and that the central bank intends to develop a “l

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