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Tag Archives: Crypto

SARB New Rules On The Crypto Use

The South African Reserve Bank is planning to launch new rules on the use of the cryptocurrencies and other digital assets. They are doing this to stop the coins from being used to evade the controls of currency. Giving The Report This new directive was announced by the deputy governor of SARB, Kuben Naidoo. While […]

Big Boost For BTC In Germany As Banks Now Offer Cryptos

Banks in Germany were previously not allowed to provide crypto-related services to their customers. This was as a result of numerous regulatory constraints. However, as things stand now, that could be a thing of the past. A new approval will make the German banks to start offering crypto assets. New Directive For Germany’s Banks The […]

China, UAE Opens Doors For Crypto

Do you need more confirmation of the imminent crypto revolution? How about China and UAE opening doors for blockchain implementation and the regulation of cryptocurrencies? It shouldn’t be taken lightly. The two are economic powerhouses and have a profound effect on world economy. Their decision could spell a new dawn for the cryptocurrency markets, especially […]

Increasing Number Of Americans Owning Crypto, New All-Time Hash Rate

The latest study by Finder, has found that the number of Americans owning cryptocurrencies has almost doubled in 2019. From 7.95% in 2018 to 14.4% in 2019. Finder is an Australian based financial service firm. The firm surveyed about 2068 Americans and found that about 36.5 million people in the United States alone possessed some […]

The FCA Moves To With Speed To Enforce Compliance In UK Crypto Economy

Compliance is becoming critical in the future of the Crypto economy. Government agencies have become keener to gain control of Digital Assets Markets through regulations. This revamped effort is being witnessed globally with countries such as the USA, Japan, and UK going the extra mile to be vigilant in monitoring Crypto platforms. In the United […]

The Reason Mastercard and Visa are Generating Cold Feet

Wall Street Journal reports of Visa and MasterCard getting cold feet in regards to helping build infrastructure around Facebook’s Libra Project. The journal also added that several partners have begun backing away from the project owing to regulatory concerns that face the upcoming project. The news follows a meeting on September 9th in Switzerland where […]

Where Next After Bitcoin’s Implosion?

Bitcoin just experienced a catastrophic market implosion. The downward spiral plummeted bitcoin’s price down by 17% to as low as $8000 before it started stabilizing. In the aftermath of the catastrophe when the bleeding stopped, investors were left asking questions like what just happened. And now, they are concerned with where it is headed next. […]

Portugal’s New Crypto Law & More

Portugal’s New Crypto Law The Portuguese Tax & Customs Authority (PTA) has come clear that Crypto trading transactions are exempt from Capital Gains and Value Added Taxes. This is a unique position given that Crypto trading is increasingly considered as commodity trading where the main motive of the sellers is to get positive returns on […]

XRP Price Is Consolidating Around $0.25 & More

XRP Price Is Consolidating Around $0.25 Last week, XRP price was relatively stable after closing the week at $0.2568 which a marginal gain of 1.76%. This week’s XRP charts show that volatility is still low as XRP/USD is still trading in the $0.25’s zone. Therefore, trends indicators reveal that a strong level of support is […]

IRS Sends Crypto Tax Compliance Notices To Crypto Traders

Gone are the days where U.S. Internal Revenue Service (IRS) steered clear of demanding tax remittance from Cryptocurrency hodlers and traders. In its latest set of actions, the IRS has sent out compliance notices to Digital Token traders. The letters target investors with questionable tax remittance history. The basis that the agency has used in […]
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