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Category : Virtual Currency

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US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians

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The U.S. state of Illinois has advanced a bill to consider unclaimed cryptocurrencies at custodians abandoned after five years. The coins will then be liquidated and the proceeds remitted to the State Treasurer. The cryptocurrency...
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Trump Views Crypto a Threat, Proposes Countermeasures in New Budget

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The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over...
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US Presidential Candidate Andrew Yang Says Regulations Cannot Impede Crypto, Affirms Priorities

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Andrew Yang, who is running for U.S. president in the 2020 election, has explained what his priorities will be regarding cryptocurrency under his administration. He said that crypto investors are finding a way to make...
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Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

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The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs...
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Indian Supreme Court Warms Up to Crypto – RBI’s Arguments Not Convincing

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India’s supreme court heard the crypto case on Thursday, starting with the arguments by the counsel for the Reserve Bank of India (RBI). After pointing out that the RBI ban only hurts crypto businesses but...
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Crypto vs RBI: Exchange Counsel and RBI Take Center Stage at Supreme Court

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India’s supreme court spent all day on Wednesday hearing extensive arguments from both the counsel representing crypto exchanges and the central bank, the Reserve Bank of India (RBI). The counsel for the central bank confirmed...
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Malaysia Announces Digital Asset Guidelines

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The Securities Commission Malaysia has published the country’s guidelines on digital assets which set out the regulatory framework for token sales. All token offerings must now be carried out only through platforms approved by the...
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FATF Holds Global Forum to Discuss Crypto Supervision

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The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the...
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Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax

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Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto...