Banning cryptocurrencies to counter crime is a nonsensical excuse

Banning cryptocurrencies to counter crime is a nonsensical excuse
фото показано с : cointelegraph.com

2021-6-24 12:11

Cryptocurrencies represent far less of a market for criminals compared to traditional finance, so crypto bans won’t solve the problem. origin »

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cryptocurrencies finance compared crypto traditional won problem

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Фото:

South Korea Levying Crypto Tax Will Stifle Industrial Growth, Say Economists

Taxing cryptocurrency income is premature and may stifle the growth of blockchain and crypto in South Korea. Cryptocurrencies, unlike fiat, have not taken root and are largely unstable. This is the view of leading South Korean economists in response to the Ministry of Economy and Finance’s tax office proposal to levy a 20 percent taxRead MoreRead More.

2020-6-22 21:00


Фото:

XRP And Ethereum’s Thriving Use Cases Remain Unrivalled: Senior Ripple Executive

Ripple’s cross-border payments solution and Ethereum’s promise of permissionless finance, are two use cases that have gained traction in the cryptocurrency space as of late. The senior vice president of product at Ripple, Asheesh Birla recently noted that these two cryptocurrencies have already established their niches by finding palatable solutions to real-world problems. Thus, it […]

2020-2-26 23:55


G20 Wants Tougher Rules for Cryptocurrencies; Urging Members To Adopt FATF Standards

G20 central bankers and finance ministers want to push for a wider adoption when it comes to the standards compelling crypto exchanges to disclose information about users. After a weekend summit in Riyadh, the Saudi Arabian capital, G20 members of financial institutions said countries haven’t aligned themselves with the international and intergovernmental standards imposed by […]

2020-2-25 21:46


Mnuchin Tells Congress Tougher Laws Will Be Introduced On Cryptocurrency Payments Soon

During a recent Senate Finance Committee hearing, Steve Mnuchin the U. S. Treasury Secretary called on the FinCEN, a U. S financial regulatory authority, to put in place new cryptocurrencies regulations and guidelines in a bid to reduce the money laundering, illicit trades and activities that cryptocurrencies purportedly enhance.

2020-2-13 21:39


Фото:

India: Government Committee Recommends Cryptocurrency Ban

Despite an earlier statement from India’s Minister of State for Finance that the government wasn’t planning on banning cryptocurrencies, the Inter-Ministerial Committee (IMC) is proposing otherwise. According to the IMC report on July 22, 2019, the committee recommended a blanket ban on cryptocurrency and also penalties for conducting virtual currency activities in the country.

2019-7-23 20:33