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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India Plans to Issue a National Blockchain Framework

The Indian government is drafting a paper outlining a new national blockchain framework, a minister wrote Wednesday.

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Bitcoin Usage May Spike Following Cash Restrictions in Malaysia

Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations.

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Media: China abandoned plans to ban mining

Mining farms in China should no longer be afraid of government repressions. Chinese authorities excluded mining from the list of undesirable types of economic activity.

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Guangzhou to dedicate $150 million to fund “outstanding blockchain projects”

According to Dovey Wan of Primitive Ventures, the government of Guangzhou has announced funding worth 1 billion RMB ($150 million), dedicated to blockchain subsidies for “outstanding blockchain projects.

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Russia: Government Official Expects to Mine 20% of the World’s Bitcoin

Russian company plans to open giant Bitcoin mining farm

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Bittrex Leaves Malta Amid New AML Regulations, Coincidence?

Leading crypto exchange, Bittrex, announced that it was leaving Malta last week and setting up new headquarters in Liechtenstein. According to a market onlooker, the relocation has taken place around the same time the Maltese government has announced plans to tighten its money laundering policy for cryptocurrency businesses.

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Zamna Secures $5M Funding for Automating Airport Security Checks Using Blockchain

Coinspeaker Zamna Secures $5M Funding for Automating Airport Security Checks Using BlockchainZamna plans to use blockchain technology to verify and authenticate passenger data which can be then seamlessly silo-ed between security agencies, airlines, and government.

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Justin Trudeau’s Social Media Policing Plans Highlight Bitcoin’s Censorship Resistance

Freedom is a fundamental right — but, when it comes to the Internet and social media, some governments have been restrictive. The issue of freedom of speech risen again in Canada as the government reportedly plans to censor its citizens’ social media activities.

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The UK’s controversial porn block law has been scrapped for good

The UK has scrapped a controversial plan to require age verification for accessing porn online, after repeated delays. Digital Secretary Nicky Morgan said the measure — which was initially scheduled to go into effect in March 2018 — “will not be commencing.

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Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency

Coinspeaker Apple’s Tim Cook Says the Company Has No Plans to Launch a CryptocurrencyApple's Tim Cook has snubbed-off any plans to launch any cryptocurrency. He said that currency matters best belong to government and regulators and private organizations should stay away from it.

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Bithumb Global Plans to Lobby Indian Government for a Regulated Cryptocurrency Exchange

India is the first country to propose going as far as passing legislation to ban the use and custody of cryptocurrencies. In an attempt to open the Indian government’s eyes to the potential of public ledger cryptocurrencies, Bithumb has set out to launch a regulated exchange in India, as per the Economic Times, October 3, 2019.

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China: Digital Currency Experiments and Research to be Headed by Shenzhen

Shenzhen will be the testing grounds for China’s fascinating digital currency ambitions, this according to a central government document. As reported by Beloit Bulletin, September 30, People’s Bank of China (PBoC) plans to launch a significant research effort pertaining to the development of China’s national digital currency and others with hopes of fostering significant urbanRead MoreRead More.

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India’s Proposed Blanket Bitcoin Ban Will Set The Economy Back As Blockchain Devs And Traders Leave

Being too tough on innovation can be a cause for brain drain. At least that is what some crypto specialists in India believe right now. As the government continues its plans to ban cryptocurrencies locally, India is starting to see its first big signs of brain drain happening in the country. A complete blanket ban […]

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U.S. Treasury Yields Continue to Surge as Mnuchin Considers “Dangerous Temptation”

U. S. government debt yields rose on Thursday after core inflation exceeded analysts’ estimates, signaling that the economy is performing better than previously feared. The inflation report seemed to strike a delicate balance on Wall Street: Firming expectations about the domestic economy without compromising the Federal Reserve’s plans to lower interest rates next week.

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Burundi: Government Bans Bitcoin Trading

The government of Burundi has placed a blanket ban on cryptocurrency trading in the state citing a lack of protection for consumers who burn their fingers trading bitcoin (BTC) and other digital assets.

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PwC Luxembourg announces plans to accept Bitcoin payments from clients

Mainstream financial and government institutions have begun embracing blockchain and cryptocurrencies recently. PricewaterhouseCoopers is one such institution, with the auditing giant very open about getting into the space over the past few months.

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Sierra Leone Aims to Finish National Blockchain ID System in Late 2019

The government of Sierra Leone plans to adopt a blockchain-enabled national identity system by the end of 2019

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China’s State-Backed Cryptocurrency: ‘Gaining Momentum’ Or ‘Inaccurate Speculation’?

China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called speculation on an upcoming launch ‘inaccurate speculation’.

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India’s Maharashtra State to Adopt Blockchain Technology 

In a bid to foster transparency and improve service delivery, the Maharashtra state government is making active plans to integrate distributed ledger technology (DLT) into key areas of its economy, including supply chain, agriculture, vehicle registration and more, reports local news source DNA India on August 19, 2019.

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FBI proposal outlines plans for large scale collection of social media data

The Federal Bureau of Investigation (FBI) is planning to step up its efforts to monitor social media platforms more aggressively in order to detect potential threats. The move, according to the Wall Street Journal, clashes with Facebook’s privacy policies and “possibly its attempts to comply with a record $5 billion settlement with the U.

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FBI proposal outlines plans for large-scale collection of social media data

The Federal Bureau of Investigation (FBI) is planning to step up its efforts to monitor social media platforms more aggressively in order to detect potential threats. The move, according to the Wall Street Journal, clashes with Facebook’s privacy policies and “possibly its attempts to comply with a record $5 billion settlement with the U.

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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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