Hong Kong’s SFC plans to regulate all crypto trading platforms

Hong Kong’s government is planning to change the rules for crypto trading firms that operate or offer services within the city. Clara Chiu, the director of licensing at the Securities and Futures Commission (SFC) disclosed these details through a keynote speech during the Hong Kong FinTech Week 2020.

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Spain plans new bill that requires full crypto disclosure

According to a government spokesperson, Maria Jesus Montero the Spanish government is preparing a bill that requires owners of cryptocurrencies to disclose their holdings, including any profits made.

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Venezuelan Government Plans to Regulate All Bitcoin Mining

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Republic of Abkhazia will lift ban on crypto mining

The President of Abkhazia, Aslan Bzhania, has indicated that the nation will lift its de facto ban on crypto mining. A Russian publication reported that Aslan’s government had plans to regulate and optimize on crypto mining.

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Huawei Plans to Launch Harmony OS on Smartphones in 2021

Coinspeaker Huawei Plans to Launch Harmony OS on Smartphones in 2021Amid restrictions from the U. S. government, China’s Huawei revealed its plan to switch from Android to Harmony OS in a move to create a stable alternative.

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Kazakhstan Plans to Pump Over $700 Million in the Crypto Mining Sector

Kazakhstan cryptocurrency mining sector might be seeing a boost with the government looking to invest over $700 million in the sector. Kazakhstan’s Crypto Mining Industry Getting Government Support According to Reuters, the Digital Development Minister of Kazakstan, Bagdat Mussin, announced the government’s interest in investing $714 million in the crypto mining sector.

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Kazakhstan Set to Impose Taxes on Crypto Mining

Bitcoin miners in Kazakhstan will soon be paying taxes to the state as the government looks to raise funds for COVID-19 recovery plans. Outside China, Kazakhstan controls the third-largest share of the global Bitcoin (BTC) mining hash rate.

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India Proposes Amnesty for Citizens Holding Unreported Gold

The Indian Ministry of Finance has reportedly proposed an amnesty program for citizens holding unreported gold. The government plans to ask people to declare all their gold stashes to tax authorities and pay levies.

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Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit

U. S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U. S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed.

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UK Government Plans to Stamp Out Crafty Crypto Promotions to Protect Investors

One of the biggest ills and threats facing the crypto industry has been the incessant presence of bad actors that seek to profit fraudulently.  When such happens, the unsuspecting investors have always been the losers.

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Japan’s Govt. Is Strongly Considering Launching A CBDC In Cooperation With The US and Europe

Japan is increasing its efforts in developing a central bank digital currency (CBDC), reported the largest financial paper in Japan, Nikkei on Wednesday. The post further confirms that the Japanese government plans to add the development of a digital yen into its policy framework this year.

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Tax Haven Monaco Considers Digital Tokens for Social Projects

Monaco, long known as a tax haven and a playground for billionaires, is close to becoming a digital currency hub after the government approved an ambitious security token project’s broader issuance plans on Thursday, reports CoinDesk.

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Bitcoin Rises to $9.6K as Stocks Cheer Additional US Stimulus Plans

A fresh stimulus "bazooka" from the Fed Reserve and the U.S. government lifted prices for both stocks and bitcoin.

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India Plans Bitcoin Ban Even as Its Banking System Gradually Collapses

The Indian government is planning to introduce a law that would effectively ban Bitcoin. Local media reports that the Ministry of Finance has moved the proposal for inter-ministerial consultation. India’s decision to ban cryptocurrencies surface even as it faces one of its worst credit and banking crisis.

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66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns

Two-thirds of people who use Coinbase are willing to leave the platform following reports that the U.S. exchange plans to sell user data to two government agencies for $250,000. Cryptocurrency trader and analyst John Rager carried out a poll on Twitter, asking his 73,000 followers: “Would you actually delete or stop using your Coinbase account?” […] The post 66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns appeared first on Bitcoin News.

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Bitcoiners are Exiting Coinbase Amid Plans to Sell Blockchain Analysis Tool to top Government Agencies

Coinbase is reportedly preparing to sell off a Blockchain analysis tool to the United State government. This is coming a year after the Cryptocurrency exchange took ownership of intelligence firm Neutrino.

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WHO Collaborates With Oracle, IBM and Government Agencies to Develop COVID-19 Blockchain Data Monitoring System

World Health Organization has teamed up with the likes of IBM, Oracle, Microsoft and many other government agencies to create a blockchain-based open data hub called MiPasa. The platform will verify various data and information related to the COVID-19 outbreak to ensure its validity and create plans to contain the pandemic based on the same. […]

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UAE to use blockchain to fight coronavirus

UAE authorities announced plans to implement blockchain-based digital identity in government workflow. The aim is to protect employees and visitors of state institutions.

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Digital Yen: Japan May Launch CBDC in Three Years

A senior lawmaker of Japan’s ruling party has advised the government to include plans for its central bank digital currency (CBDC) in its mid-year policy guidelines and look to launch its digital yen in two to three years.

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Uganda Crypto Ponzi Scammers Beware, Gov’t Plans New Sanctions

The Ugandan Ministry of Finance have once again issued a warning about investing in crypto-assets, over concerns of rising Ponzi and pyramid schemes. Local sources say the Government is now updating its Penal Code Act to outlaw these types of scams Crypto Ponzi schemes are pilfering Ugandan investors Uganda’s State Minister of Finance, David Bahati, spoke to Uganda’s Parliament yesterday, and asked the government to publish public warnings to Ugandan investors about the risks ofRead More The post appeared first on Bitcoinist.com.

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South Korea Set to Impose Crypto Tax on Trading Profits

The South Korean government is making plans to implement a 20 percent crypto taxation policy on income and profits made from crypto trading and transactions. 20 Percent Crypto Tax Coming to South Korea According to reports from PulseNews, the South Korean government is making plans to implement a new crypto tax policy on gains fromRead MoreRead More.

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Government Officials in Uzbekistan Have Major Plans for Cryptocurrency Mining

The cryptocurrency industry has suddenly become of great interest to a lot of countries. So much even that Uzbekistan now wants to legalize crypto mining through a nationalized venture. It is the first time the government of Uzbekistan introduces such a bold venture.

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Thai Government Plans to Use Blockchain for Its E-Visa System

Thailand’s Electronic Visa On Arrival (eVOA) system is set to implement a new blockchain infrastructure in the next few months. ShareRing will provide the backend infrastructure that will be used… The post Thai Government Plans to Use Blockchain for Its E-Visa System appeared first on CoinCentral.

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Netherlands Plans to Punish Crypto Scammers With Up to 6 Years in Jail

The Dutch government is about to get tougher with fraudulent schemes involving banking apps and cryptocurrencies.

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Indian Firms Big on Blockchain But Gov’t Still Myopic on Crypto

It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain platform, yet lawmakers remain myopic about cryptocurrency.

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Seoul Advances Plans on Smart City Adding Cryptocurrency for Citizens

Coinspeaker Seoul Advances Plans on Smart City Adding Cryptocurrency for CitizensThe government of Seoul has announced concrete plans for its blockchain-based Smart City scheduled to be completed by 2022.

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US Regulator Plans to Outsource Running Cryptocurrency Nodes

A recently published document reveals that the U.S. Securities and Exchange Commission (SEC) has plans to hire contractors to run specific cryptocurrency full nodes for the government agency. According to the SEC documentation, the regulator wants third-party contractors to run nodes for Bitcoin Core (BTC), Ripple (XRP) and Ethereum (ETH) in order to monitor compliance […] The post US Regulator Plans to Outsource Running Cryptocurrency Nodes appeared first on Bitcoin News.

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Indian Government Updates Parliament on Crypto Plans

The Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament.

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Calls Intensify for Indian Government to Regulate Cryptocurrency

Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are.

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Palestine Plans Digital Currency to End Israel Shekel Dependency

Months after Palestine’s current government was sworn in, the prime minister has revealed plans to develop a cryptocurrency meant to reduce dependence on Israel. According to the Anadolu Agency, Palestinian Prime Minister Mohammad Shtayyeh stated that the digital currency will assist the territory to overcome the challenges currently being experienced as a result of the […] The post Palestine Plans Digital Currency to End Israel Shekel Dependency appeared first on CCN Markets

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Iran Gives Nod to Cryptocurrency Mining

Iran’s government has given the green light to a cryptocurrency mining mechanism, thus recognizing the Bitcoin and crypto industry, local media portal TehranTimes reported on Monday, citing news agency Mehr.

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Bitcoin Mining Hotspot Iran Drafts Electricity Tariffs for Crypto Miners

The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are used for exporting electricity.

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“No Cryptocurrency Ban,” Says Indian’s Minister of State for Finance

In the past months, there have been rumours about an imminent bitcoin ban in India. However, a government official recently stated that there were no plans to ban bitcoin or any cryptocurrency in the country as revealed in a July 16, 2019, Q&A with the nations Minister of Finance & Corporate Affairs, Anurag Thakur.

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BRIKCOIN ICO

BRIKCOIN is using an innovative financial model to solve the affordable housing crisis in the UK, working with local government and financial institutions. In addition to property revenue, the company plans to leverage its tenant base to launch payments with BRIKCOIN and support innovative proptech companies.

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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U. S. government seem fearful of a giant tech establishing itself as a financial institution.

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How the US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U. S. government seem fearful of a giant tech establishing itself as a financial institution.

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Iranian Government Plans to Authorise Cryptocurrency Mining

Abdol Nasser Hemmati, the governor of the Central Bank of Iran (CBI), announced yesterday that the government plans to authorise the mining of digital assets in the nation. However, those running computer systems to profit from their support of cryptocurrency networks will be charged for electricity at the country’s export price rather than the cheaper,.

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Facebook Cancels Calibra Launch in India, Thanks to Govt's Crypto Loathing

Days after an Indian government official expressed discomfort with Facebook’s cryptocurrency plans, the social media giant has indicated that it has ‘no plans to offer’ Libra, or its digital wallet Calibra, in its largest market.

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Is the United States Government Actively Sabotaging Iran’s Crypto Mining Plans?

As per an all new statement issued by the Iranian Assistant Minister of Industry, Trade and Supply, Saeed Zarandi, the US government is looking to stop the middle-eastern powerhouse from implementing its cryptocurrency mining plans.

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John McAfee Over the Moon, Offers His Services to Cuba on Crypto

The nation of Cuba has formally announced plans to utilize cryptocurrency on an international scale, and one resident couldn’t be happier. John McAfee, who is currently hiding out somewhere in Havana, praised the decision by the Cuban government and offered his help.

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Cuba Looks At Potential Use Of Cryptocurrency To Boost Economy

As a result of a decline in aid from Venezuela and strict US sanctions, the Cuban government plans to research the possible use of cryptocurrency to boost the nation's struggling economy.

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US Congress Wants Facebook to Halt Libra Cryptocurrency Project

Members of the United States Congress have demanded in a letter that Facebook halts development of the Libra cryptocurrency as it poses a threat to the hegemony of the U. S. dollar. This call by the U.

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City of Dublin Ohio to Launch Bitcoin Cash-Based SLP Token

On July 1, Joshua Green, CEO of the Bitcoin Cash (BCH) implementation Bitcoin Verde, told the BCH community that the local government from Dublin, Ohio plans to mint a token using the Simple Ledger Protocol (SLP).

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City of Dublin Ohio Plans to Launch Bitcoin Cash-Based SLP Token

On July 1, Joshua Green, CEO of the Bitcoin Cash (BCH) implementation Bitcoin Verde, told the BCH community that the local government from Dublin, Ohio plans to mint a token using the Simple Ledger Protocol (SLP).

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Bitcoin, Crypto Assets and Libra Attracting Strict Regulatory Scrutiny

Bankers, government officials, and regulators all over the world are feeling increasingly alarmed by the disruptive capabilities of Bitcoin, cryptocurrencies and blockchain technology. Facebook’s recently launched “cryptocurrency”, Libra, is the latest cause of fury, angst, and fear amongst regulatory bodies.

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Economic Times Implores On Indian Authorities To Embrace Cryptocurrencies, Not Block Bitcoin

Although there are plans to release a digital rupee, there is reportedly a plan to ban cryptos altogether in India. For several years, India’s politicians and elites have been the impediments to a thriving crypto industry in the country.

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Iranian Government to Cut Off Power to Crypto Mining Until Approval of New Energy Prices

Iran plans to cut off power to crypto mining until new energy prices are approved, an official at Iran’s Ministry of Energy revealed

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Facebook Pushes on with Cryptocurrency Recruitment Despite Libra Project Criticism

Facebook is advertising job offers for a cryptocurrency wallet data engineer and regulatory policy expert as it moves forward with its plans for the Libra project. Meanwhile, stakeholders across the cryptocurrency and mainstream finance industries, as well as government officials, continue to express concerns about the company’s foray into the world of cryptocurrency payments.

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Facebook’s Crypto Libra Won’t Be Legalized in Russia: State Press

By CCN Markets: TASS, a major news agency in Russia wholly owned by the federal government, has reported that Russia will not legalize Libra, merely days after its highly anticipated announcement.

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