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South Korea Moves to Regulate Domestic Bitcoin Trading, Exchanges

Since late November 2017, South Korea has looked to regulate cryptocurrency trading in domestic exchanges, including Bithumb, Coinone and Korbit, The Korea Herald reports. Now, trying to tame the wave of wild cryptocurrency speculation in the country, South Korea is imposing trade bans for minors and looking for ways to impose taxes on investment returns.South Korea is the world’s third lar

South Korean Banks Drop Crypto Accounts as Government Plans a Ban

News South Korean regulators have announced a plan to ban banks from activities involving cryptocurrencies, prompting major banks in the country to declare they will no longer issue accounts required for crypto trading. South Korea’s top bitcoin exchanges are all effected, including Bithumb, Coinone, and Korbit. Banks that have made announcements 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

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Bulgaria Seizes Enough Bitcoin to Pay Off 1/5 of National Debt

Following an undercover bust of an underground crime network, Bulgaria has seized enough Bitcoin to settle a fifth of its national debt.According to ZeroHedge, the Bulgarian crime enforcement agency and the Southeast European Law Enforcement Center caught 23 Bulgarian criminals and confiscated a total of 213,519 Bitcoins - roughly valued at $3.5 bln.The syndicate had hacked Bulgarian customs compu

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Blockchain & Bitcoin Conference Malta Featured Discussions on the National Blockchain Strategy and Cryptocurrency Legislation

On December 7, St. Julian’s (Malta) hosted Blockchain & Bitcoin Conference Malta, dedicated to cryptocurrencies, the blockchain, and ICO. High officials of the Maltese government and co-authors of the national blockchain strategy attended the event.Around 400 people participated in the conference, including developers, investors, entrepreneurs, representatives of banking and credit instituti

This Week in Bitcoin: Mania, Meltdown, and Futures Fever

Featured Well, that was emotional. What exactly? Oh, you know: every single second of the past seven days in bitcoin. If you didn’t have palms sweaty, knees weak, and arms heavy, you clearly don’t have enough invested in bitcoin. Even for those who are only emotionally invested in the virtual currency’s future, the last few days have been inten

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Bulgarian Exchange Crypto.bg to Resume Trading on Monday

News Crypto.bg, a leading Bulgarian exchange effected by the unexpected banking clampdown on coin-traders in the country last week, is set to resume trading on Monday. The company’s management announced that access to their bank account has been restored after negotiations with bank officials.Also read: Viabtc Announces New Cryptocurrency Exch

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

Despite Warnings China’s Over the Counter Bitcoin Economy Is Booming

News Bitcoin in China has deep roots as a vast majority of mining takes place in the region, and the country once accounted for the lion’s share of the world’s BTC trade volume. These days, however, renminbi and bitcoin volume coming from mainland exchanges is virtually non-existent, but there’s a whole lot more international and undergrou

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US Federal Reserve Has No Plans to Introduce Digital Currencies, Says San Francisco Fed President

San Francisco Federal Reserve (Fed) President John Williams has claimed that there is no official plan by the Fed to issue a digital currency anytime soon. However, he did announce an ongoing study on the possibility of doing so in the future.During a question-and-answer session following his speech in Phoenix, in late November 2017, Williams said:“Right now the Federal Reserve is not developing

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