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Kraken CEO: We Won’t Give Info To ‘Audacious’ New York Regulators

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The CEO and co-founder of cryptocurrency exchange Kraken defended the company’s refusal to comply with a regulatory “questionnaire” sent by New York lawmakers.

Kraken Rails Against Attorney General’s ‘Disrespect’

In comments, which contrasted with the other 12 exchanges targeted by New York Attorney General Eric T. Schneiderman’s “Virtual Markets Integrity Initiative,” Jesse Powell said Kraken would not hand over any information about its business.

Jesse Powell, chief executive officer of Kraken

When it launched the Initiative April 17, Schneiderman’s office explained it was “requesting disclosures on their operations, use of bots, conflicts of interest, outages, and other key issues” with the aim of “protecting consumers.”  Read more...

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These Countries Won’t Tax Your Bitcoins Too Much

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These Countries Won’t Tax Your Bitcoins Too Much

A growing number of governments can’t resists the temptation to get their hands on some of the bitcoins their citizens are making. Several states, however, think that leaving some breathing space for crypto users and entrepreneurs is a better idea in the long run. Crypto-friendly tax regimes can still be found around the world.

Also read: Tax Paying Americans Owe $ 25 Billion in Cryptocurrency  Read more...

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No, India Won’t Ban Bitcoin and Will Embrace Blockchain Technology Too

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The Indian government talks a big talk when putting down Bitcoin and other cryptocurrencies, but such actions has done little to curb their popularity.

Crypto-Not-Currency

In his annual budget speech today, Union Finance Minister Arun Jaitley once again made clear the government’s intention to halt the use of Bitcoin and other cryptocurrencies in India, claiming the South Asian country does not recognize digital currency as legal tender. He states:

The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems.  Read more...

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Coinbase, Exchanges ‘Won’t Run’ Lightning Network – Andreas Antonopoulos

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Andreas Antonopoulos has said he doesn’t expect regulated exchanges such as Coinbase to run the Lightning Network as it gains mainstream acceptance.

‘Their KYC Fell Apart’

In comments on the first episode of Let’s Talk Bitcoin! in 2018, the educator said AML/KYC obligations exchanges face are incompatible with the nature of Lightning, which recently launched a limited yet rapidly-growing mainnet implementation.

The upgrade to the Bitcoin network promises vastly reduced transaction times and fees, yet its tentative 230-node launch is still experimental, with various parties warning users not to use it until suitable advances have been made or face losing money.  Read more...

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Singapore Won’t Be Part of the State-controlled Crypto Movement

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Even though many countries are interested in, and indeed are pursuing, the creation of national state-run virtual currencies, Singapore isn’t one of them.

The digital currency revolution is here, and it’s not just reserved for Bitcoin and other decentralized cryptocurrencies. More and more countries are exploring the benefits of having a cashless society.

Sweden has previously voiced their desire to investigate the development of an e-krona, Israel is looking into creating a digital shekel, while Russia could soon develop their CryptoRuble. Venezuela also seems to be well on its way to issuing their Petro, even though the legality thereof is up for discussion.  Read more...

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South Korea Tightens Grip, But Won’t Ban Bitcoin Trading

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It was only a matter of time until authorities pulled the reins in on one of the biggest crypto trading nations in the world. South Korea, which is responsible for as much as 25% of total crypto trading volume, said on Thursday it will impose additional measures to regulate speculation in crypto within the country.

South Korea Will Ban Anonymous Crypto Trading

As previously reported that more regulations are expected, South Korean regulators have confirmed additional measures to curb illegal activities at cryptocurrency exchanges. According to Reuters, the government noted that trading prices of most digital currencies were much higher on South Korean exchanges than they were on exchanges in other countries.  Read more...

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Eurozone Won’t Introduce a Fiat-Based Cryptocurrency Anytime Soon

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Cryptocurrencies are steadily gaining support and popularity and, as a result, many experts believe that governments will launch fiat-based digital currencies.

Is It Time for a Fiat-Based Digital Currency?

Governments Are Embracing Cryptocurrencies

In this year many governments and regulators have taken measures regarding cryptocurrencies, exchanges, and ICOs. 2017 has been a very interesting and exciting year for the whole cryptocurrency space. The Japanese government officially recognized and legalized Bitcoin as a payment method, and this decision surprised many cryptocurrency users. Later in the year, Chinese regulators suspended several cryptocurrency sites and exchanges amid plans to introduce official regulations. This caused a massive exodus of Chinese cryptocurrency traders, and many decided to use exchanges based in Japan and South Korea in order to bypass this ban.  Read more...

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Changelly Review: The 1 Thing They Won’t Tell You…

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The post Changelly Review: The 1 Thing They Won’t Tell You… appeared first on 99 Bitcoins.

Changelly is a cryptocurrency exchange that aims to remove the technical barriers of traditional trading platforms. In operation since 2015, the service was originally associated with the Minergate team, which we recently reviewed as well; however, today these are two different companies (according to a source inside Changelly). Changelly uses an automatic trading robot that […]

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