The legal status of cryptocurrency remains an open question in Malaysia as the government has yet to make a final determination on the subject, according to recent reports from Malaysian media outlet Malay Mail.
The last 24 hours has seen Bitcoin drop below $4k, with more than $11 billion dollars wiped from the total market capitalization, according to data procured from CoinMarketCap.
The Japanese Financial services Agency (FSA) is currently assessing interest in cryptocurrency exchange-traded funds, according to a January 6 report from Bloomberg. The report cites information obtained from a “person familiar with the matter” and comes on the heels of regulators’ rejection of cryptocurrency futures and options.
In 2018, the state of Ohio announced a new option to allow the state’s businesses to use Bitcoin to pay certain tax obligations. This week, Overstock announced that it will use that new option to pay the company’s Commercial Activity Tax (CAT).
Last month, New York Governor Andrew Cuomo signed the Digital Currency Study Bill, which created a cryptocurrency task force to study critical issues related to regulation and use of digital currency and blockchain technology. That task force is expected to issue its report by December 15, 2020, nearly two years from now.
With 2018 coming to its end, it was inevitable that experts, media observers, and others would offer their best predictions for cryptocurrency’s future in the new year. Newsweek has done just that in a December 31st article that presents a fairly optimistic outlook for the industry’s prospects in 2019.
The Chinese government’s efforts to rein in the cryptocurrency phenomenon within China has been ongoing for many months now, but a new survey from PANews suggests that the crackdown has done little to deter the Chinese people’s interest in digital currency. The survey collected 4,200 valid questionnaires from nearly 5,000 respondents, and revealed that many Chinese still have cryptocurrency on their minds.
Digital currency advocates envision a future in which people everywhere have access to cryptocurrency that is neither controlled nor directly influenced by any centralized authority. Many of them dream of a world where fiat currencies are replaced by a global cryptocurrency. In a recent conversation with CNBC Make It, however, Payoneer CEO Scott Galit suggested that the idea is unrealistic:
Cryptocurrency exchange and online wallet Coinbase have announced what the company claims is the largest cryptocurrency transfer to date in a Dec. 19 blog post.
Greek High Court Upholds Ruling Supporting French Extradition Request for Alleged Bitcoin Fraudster Vinnik
The ongoing legal saga of accused Bitcoin launderer and fraudster Alexander Vinnik continued Wednesday, as Greece’s Supreme Court upheld a Thessaloniki court ruling honoring France’s extradition request. Previously, the high court has ruled in favor of extradition requests from both the United States and Russia.
Bitcoin payment processor, OpenNode announced Dec. 18 that the company has secured seed funding, with participation of Tim Draper.
Cryptocurrency exchange Coinbase has opened direct cryptocurrency-to-cryptocurrency trading markets for its retail customers, according to a Dec. 17 report by Coindesk.
As part of an effort to prevent people from confusing digital currencies with government-issued legal tender, Japan’s Financial Services Agency (FSA) has decided to categorize digital currencies as crypto-assets, according to reports that cite details learned by Japanese newspaper Yomiuri Shimbun.
DNotes Global, Inc. today announced the release of DNotes Bot, a trading bot designed to assist cryptocurrency exchange traders by providing automated trading for buy and sell orders.
Coincheck President Toshihiko Katsuya told reporters on Wednesday that the ongoing slump in Bitcoin’s price has negatively impacted the exchange’s ability to regain its footing since being hacked earlier this year, the Nikkei Asian Review reports.
Officials from Japan’s National Policy Agency say that they received about 6,000 cryptocurrency-related money-laundering reports from January to October 2018, according to a December 7 report from Japan Today. The number represents a significant increase over last year’s reported cases:
A commissioner from the U.S Securities and Exchange Commission (SEC) has said that institutionalization of cryptocurrency will happen but ceded that crypto advocates shouldn’t hold their breath when it comes to waiting for the approval of cryptocurrency Exchange Traded Funds (ETF).
Congressman Warren Davidson (R-OH) has reportedly announced his intention to introduce legislation to enable more effective federal regulation of cryptocurrency and ICOs, according to Cleveland.com. Davidson made the announcement on Monday, during the Blockland Solutions conference.
South Korean finance minister nominee Hong Nam-ki reportedly suggested that the government will draw up plans to tax digital currencies, according to reports from the Korea Times. The Times quoted recent written remarks Hong submitted as part of his confirmation process:
The United States Treasury Department broke new ground this week as it included cryptocurrency addresses for two targets of U.S. sanctions related to an Iranian ransomware scheme. The sanctions were placed on two men who allegedly laundered millions in Bitcoin payments made as a result of the SamSam ransomware attack that reportedly affected more than 200 victims who were forced to pay more than $6 million in ransom.