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India Seeks 18% Tax on Cryptocurrency Sales in Potential Legitimacy Push
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India Seeks 18% Tax on Cryptocurrency Sales in Potential Legitimacy Push

India is considering applying a tax to cryptocurrency trading in a move which could mark a step towards its legitimacy in the country. CRYPTO COULD BECOME ‘INTANGIBLE GOODS’ According to Bloomberg quoting anonymous sources May 23rd, the government’s ...
China Using Blockchain to Help Fight Poverty in Tibet
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China Using Blockchain to Help Fight Poverty in Tibet

The Bank of China will use the technology to upgrade their existing poverty reduction system in hopes of increasing efficiency and transparency. The benefits of blockchain technology are both powerful and far-reaching in that it does much more than just...
Weiss Ratings: Cryptocurrency Will Become ‘fundamentally Safer’ Than Banks
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Weiss Ratings: Cryptocurrency Will Become ‘fundamentally Safer’ Than Banks

The founder of Weiss Ratings Agency Martin D. Weiss has forecast that an upcoming rule change in US banking will compel investors to move their money away. SPOTLIGHT ON VOLCKER RULE CHANGE TIMING In a dedicated blog post about the watering down of th...
From Russia With Love: How Cryptocurrency and Blockchain Are Finding Their Feet
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From Russia With Love: How Cryptocurrency and Blockchain Are Finding Their Feet

In the West, crypto markets continue to battle with the regulatory uncertainty as the SEC and other regulatory bodies take their time to decide which camp they sit on. At the same time, things are not much rosier in the East either where China is yet to warm u...
Argentine Bank Lets Customers Send Bitcoin Across The Border
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Argentine Bank Lets Customers Send Bitcoin Across The Border

Banco Masventas joins with an exchange, Bitex, to facilitate international payments in bitcoin. Argentina’s troubled economic history suggests customers will welcome the news. Banco Masventas, a bank in Argentina, will partner with Bitex, an Argentina-bas...
Thailand Bank Partners With MUFG To Facilitate Cross-Border Transfers Using Its Own Blockchain
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Thailand Bank Partners With MUFG To Facilitate Cross-Border Transfers Using Its Own Blockchain

Thailand’s Bank of Ayudhya strengthens its relationship with MUFG through blockchain technology. In September of last year, Thailand's fifth-largest bank, the Bank of Ayudhya (also known as Krungsri), along with local petrochemical company IRPC, announced...
Bank Of America Issued US Patent For Blockchain Security Regulated By Time, Tagging, And Tokens
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Bank Of America Issued US Patent For Blockchain Security Regulated By Time, Tagging, And Tokens

Bank of America has been granted a patent by the US Patent and Trademark Office for a system that uses time and native security tokens to control access and security for subcomponents of blockchains. Bank of America's newest blockchain-related patent, a "...
IBM Announces Creation Of 1,800 New Jobs At European Tech Summit
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IBM Announces Creation Of 1,800 New Jobs At European Tech Summit

IBM plans to hire for positions in AI, IoT, cloud computing, and blockchain. France is ready to welcome the new jobs. IBM has announced that over the next two years it intends to hire 1,800 new workers focused on the areas of cloud computing, AI, blockcha...
CFTC Offers Guidance Around Listing Cryptocurrency Derivatives
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CFTC Offers Guidance Around Listing Cryptocurrency Derivatives

The US Commodity Futures Trading Commission has unveiled a new set of guidelines relating to cryptocurrency derivatives. On May 21, the US Commodity Futures Trading Commission (CFTC) issued new guidelines for financial institutions planning to offer crypt...