Indonesia Announces New Crypto Regulatory Framework
Feb18

Indonesia Announces New Crypto Regulatory Framework

The Indonesian Bappebti, the country’s Commodity Futures Trading Regulatory Agency, has announced the establishment of a new regulatory framework to govern digital assets futures markets, according to Finance Magnates. The framework will require cryptocurrency exchanges operating in the country to register and obtain approval first.

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Liechtenstein Postal Service Now Offers Customers On-Site Crypto Exchange Services
Feb17

Liechtenstein Postal Service Now Offers Customers On-Site Crypto Exchange Services

Liechtenstein’s postal service this week announced that it will now provide its customers with cryptocurrency exchange services at its post office locations. During the first phase of the effort, these services will be available at the Liechtensteinische Post AG’s office in the capital of Vaduz, with plans to extend the service to other post office locations.

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Japanese Association Asks FSA to Lower Crypto Tax Rate
Feb15

Japanese Association Asks FSA to Lower Crypto Tax Rate

A leading Japanese business association has asked the country’s Financial Services Agency (FSA) to lower the rate at which taxes are assessed for cryptocurrency trading. The request from the Japan Association of New Economy (JANE) asked the regulator to use progressive rather than general taxation, according to a February 14 report from Cointelegraph Japan.

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Kapersky Lab: 13% of People Have Used Crypto for Purchases
Feb13

Kapersky Lab: 13% of People Have Used Crypto for Purchases

A recent press statement from Kapersky Lab highlighted the results of the company’s Global IT security Risks Survey 2018, which found that 13% of surveyed respondents said that they have used cryptocurrency to make a purchase. The company also noted a rise in sophisticated actors targeting consumers’ cryptocurrency assets for theft.

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OSC Confirms It is “Looking Into” QuadrigaCX Matter
Feb08

OSC Confirms It is “Looking Into” QuadrigaCX Matter

The Ontario Securities Commission confirmed in a statement to Reuters on Friday that regulators are looking into the issues surrounding QuadrigaCX, the besieged Canadian cryptocurrency company whose founder passed away in December. The OSC cited concerns about potential harm for investors as a reason for its interest, though commission spokesperson Kristen Rose refused to confirm that there is an official investigation.

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JP Morgan Analyst: Crypto Price Stability Could Help Renew Institutional Investor Interest
Feb07

JP Morgan Analyst: Crypto Price Stability Could Help Renew Institutional Investor Interest

JP Morgan analyst Nikolaos Panigirtzoglou said this week that continuing price stability in the cryptocurrency markets could help contribute to renewed institutional investor interest. Appearing on Tuesday’s CNBC Futures Now, Panigirtzoglou predicted that the current lack of interest is probably temporary:

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EU and EFTA Coinbase Customers Can Now Withdraw Funds to PayPal
Feb07

EU and EFTA Coinbase Customers Can Now Withdraw Funds to PayPal

U.S.-based cryptocurrency exchange Coinbase announced in a blog post Tuesday that its customers throughout the European Union and the European Free Trade Association nations can now withdraw funds to their PayPal accounts. The company had previously restored PayPal withdrawal support to U.S. customers in late 2018.

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QuadrigaCX Receives 30-Day Creditor Protection Stay Order
Feb05

QuadrigaCX Receives 30-Day Creditor Protection Stay Order

The Nova Scotia Supreme Court has granted Canadian cryptocurrency exchange QuadrigaCX temporary creditor protection by issuing a 30-day to prevent any lawsuits against the company from moving forward. The order was granted to give QuadrigaCX time to search for a way to access $250 million CAD in customer funds that the company has been unable to recover since the December death of founder Gerald Cotton, CBC reports.

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Appeals Court Overrules Judge Who Dismissed Miami Beach Resident’s Bitcoin-Related Charges
Feb02

Appeals Court Overrules Judge Who Dismissed Miami Beach Resident’s Bitcoin-Related Charges

The Third District Court of Appeal has overruled a Miami Judge’s decision dismissing felony charges against Miami Beach resident Michell Espinoza, clearing the way for prosecutors to reinstate the illegal money transmission and laundering charges. According to a report from the Miami Herald, the court order found that the defendant’s “bitcoins-for-cash business requires him to register as a payment instrument seller and money transmitter.”

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Wyoming Senate Passes Bill Clarifying Crypto’s Legal Status
Feb01

Wyoming Senate Passes Bill Clarifying Crypto’s Legal Status

In a 28-1 vote on Thursday, Wyoming’s Senate approved a bill designed to bring new clarity to cryptocurrency’s legal status in the state. That bill, SF0125, would formally recognize the property rights of cryptocurrency holders and create an opt-in framework to enable Wyoming banks to provide digital asset custodial services.

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Indiana Bill Would Allow Crypto Payments for State Taxes
Jan28

Indiana Bill Would Allow Crypto Payments for State Taxes

Indiana legislators may soon consider a new bill that would allow taxpayers to pay their taxes with certain approved digital currencies. The proposed law, House Bill No. 1683, was introduced last week and submitted to the Committee on Ways and Means on January 24.

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Van Eck: Bitcoin Investors Eyeing Gold
Jan27

Van Eck: Bitcoin Investors Eyeing Gold

Many Bitcoin investors are choosing gold over Bitcoin as their primary investment for 2019, according to Van Eck Associates CEO Jan Ven Eck. In comments during a Wednesday appearance on CNBC’s ETF Edge, Van Eck suggested that his observation was based on a survey of 4,000 bitcoin investors.

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Coinbase Announces New Crypto Tax Resources for U.S Customers
Jan25

Coinbase Announces New Crypto Tax Resources for U.S Customers

California-based digital currency exchange Coinbase has taken steps to simplify the crypto tax-filing process for its customers in the United States. In a January 24 blog post, the company announced the addition of resources to aid taxpayers who have engaged in any sale, use, or conversion of cryptocurrency assets that may trigger U.S. tax obligations.

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Pennsylvania DoBS: Crypto Exchanges Not Money Transmitters Under MTA
Jan24

Pennsylvania DoBS: Crypto Exchanges Not Money Transmitters Under MTA

The Pennsylvania Department of Banking and Securities (DoBS) issued guidance this week declaring that cryptocurrency service providers and exchanges do not qualify as money transmitters. As a result, they are not subject to the licensing provisions of the state’s Money Transmitter Act (MTA).

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Nasdaq CEO: Crypto Could be Currency of Future, or Next Segway
Jan22

Nasdaq CEO: Crypto Could be Currency of Future, or Next Segway

The future for cryptocurrency remains unwritten, and only time will tell whether it eventually becomes as integrated into the economy as the internet or as limited and forgettable as the Segway, according to a LinkedIn post published this week by Nasdaq President and CEO Adena Friedman.

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Coinnest Exchange Asks Users to Return Funds Mistakenly Sent in Bungled Airdrop
Jan21

Coinnest Exchange Asks Users to Return Funds Mistakenly Sent in Bungled Airdrop

Last week, South Korean digital currency exchange Coinnest mistakenly airdropped more than $5 million worth of cryptocurrency and Korean won to its customers, according to reports from Coindesk. Now, the exchange is asking those users to return the funds as it takes steps to roll back the erroneous transactions.

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News Asia Reports Two Komid Exchange Execs Jailed for Falsifying Trading Volume
Jan20

News Asia Reports Two Komid Exchange Execs Jailed for Falsifying Trading Volume

Two executives from the one-year-old South Korean cryptocurrency exchange Komid have been jailed on charges that they inflated trading volume and falsified volume reports, according to recent reports from News Asia. The scheme reportedly included 5 million fabricated transactions designed to deceive investors, which enabled the duo to fraudulently earn about $45 million.

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Bitwage Service Enables US Companies to Pay W2 Employees and Payroll Taxes Using Crypto
Jan17

Bitwage Service Enables US Companies to Pay W2 Employees and Payroll Taxes Using Crypto

Bitwage revealed this week that its services will now enable companies in the United States to use cryptocurrency to pay their W2 employees and related payroll tax obligations. The service is the result of a partnership between Bitwage and Texas-based payroll and human resources firm Simply Efficient HR, according to a Coinstituency article posted on the Bitwage blog.

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Danish Tax Authority Authorized to Obtain Crypto Exchange User Info and Transaction Data
Jan16

Danish Tax Authority Authorized to Obtain Crypto Exchange User Info and Transaction Data

Denmark’s Tax Council recently authorized the country’s Tax Authority to acquire user data and transaction details from three cryptocurrency trading exchanges, according to a January 14 announcement on the agency’s official website.

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Report: Malaysia’s New Crypto Law Is Ready, Goes into Effect Jan. 15
Jan14

Report: Malaysia’s New Crypto Law Is Ready, Goes into Effect Jan. 15

The Malaysian government confirmed on Monday that its new cryptocurrency law will go into effect on January 15, according to reports from Reuters and local Malaysian news outlets. Finance Minister Lim Guan Eng is reported to have confirmed the news, mere days after Federal Territories Minister Khalid Abdul Samad told reporters that the government had not yet decided cryptocurrency’s legal status in the country.

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