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Korean Regulation Fails to Shake Bitcoin Market But Could Wipe Out Some Exchanges

Regulation After South Korea’s regulators announced their emergency measures for cryptocurrencies, the bitcoin market breathes a sigh of relief. While a blanket ban was not adopted, other smaller bans remain and a clampdown on virtual bank accounts is presenting a serious challenge to exchanges.Also read: South Korea Clarifies Position After R

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Israeli PM: Bitcoin Could Replace Banks

In a video published on Tuesday, Israeli Prime Minister (PM) Benjamin Netanyahu claimed that the operation of traditional banks will eventually become obsolete and could be replaced by Bitcoin. He based his claim on the trustless nature of Blockchain technology and on Bitcoin’s continuous, notable growth this year.In the video, Netanyahu stated confidently that banks will eventually become outmo

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Former NZ PM Angrily Denies BTC Investment Rumors

Former New Zealand Prime Minister, Sir John Key, says rumors circulating that he invested in Bitcoin are entirely false. The claim that Key is an avid investor in BTC originally came from a fake NZ Herald site, a link to which was then circulated on Facebook and Twitter.The fake news claimed that Key was holding $300 mln in BTC from his initial investment of $1,000. It also includes a quote from R

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

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South Korea is Going Crazy Over Bitcoin: Real Mainstream Obsession

Teenagers to middle-aged investors in South Korea are engaging in cryptocurrency trading, investing in bitcoin, Ethereum, Bitcoin Cash, and a wide array of cryptocurrencies and assets.Government Steps In To Regulate BitcoinIn the beginning of 2017, the South Korean government, local financial authorities, and the ministry of strategy and finance remained neutral to bitcoin and declined to regulate

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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

10 of the Biggest Lies Told About Bitcoin

Featured As British Prime Minister Benjamin Disraeli once averred, there are three kinds of lies: lies, damned lies, and statistics. Bitcoin is frequently on the receiving end of them all, whether it’s exaggerated statistics about energy consumption or damned lies conflating it with terrorism. We’ve rounded up 10 of the most pervasive mistruths a

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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

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South Korea Is Investigating Methods to Tax Bitcoin Users

Kim Dong-yeon, South Korea’s deputy prime minister and the minister of strategy and finance, revealed earlier this week that the government is investigating various methods to better regulate the local Bitcoin market and tax Bitcoin users accordingly.While the South Korean government and its local financial authorities are actively discussing the possibility of enforcing a policy on Bitcoin taxa

South Korea Outlines Proposed Legislation for Cryptocurrency Exchanges

Regulation The South Korean Financial Services Commission is finalizing its proposals to regulate cryptocurrency exchanges. This follows an earlier “Bitcoin Regulation Act” submitted by lawmaker Park Yong-jin. Meanwhile, the prime minister is very concerned about the growth and risks of cryptocurrencies including bitcoin and has called for immedi

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