RegulationsAmrit Mirchandani

Israeli Bitcoin Exchange to Share Customer Details with Tax Authority
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Israeli Bitcoin Exchange to Share Customer Details with Tax Authority
Israeli’s privacy will soon be lost when dealing in cryptocurrency. Bits of Gold, Israel’s Bitcoin Exchange will share information about client’s who make and have made transactions of over $50,000 in the last one year. The data will be shared with Israel’s Tax Authority. According to Israeli law financial institutes and brokerages need to pass information on fraudulent transactions and activities to the Israel Money Laundering and Terror Financing Prohibition…
Korean Government Formally Proposes Lifting the ICO Ban
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Korean Government Formally Proposes Lifting the ICO Ban
The National Assembly of South Korea, which is the legislative branch of the government, is formally considering allowing ICOs back into the country again. The so-called ‘Fourth Industrial Revolution’ special committee, operating within the National Assembly, even went as far as to claim that the government has ‘neglected its duty’ and failed to benefit from the ‘expansion of blockchain application’. The ban came into effect eight months ago, in September…
Bithumb Bans Crypto Trading in 11 Countries
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Bithumb Bans Crypto Trading in 11 Countries
The biggest Korean cryptocurrency exchange Bithumb, has announced it will cease to offer its services for residents of 11 countries, citing security and money laundering concerns. The undesirable territories include Bosnia and Herzegovina, Ethiopia, Syria, Iran, Iraq, North Korea, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu and Yemen. These countries have been labeled as high risk by the Non-Cooperative Countries and Territories (NCCT) initiative, which has determined they are not…
Investigation of the Suspected Bitcoin Price Manipulation is a Good Thing, Says Mike Novogratz
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Investigation of the Suspected Bitcoin Price Manipulation is a Good Thing, Says Mike Novogratz
Billionaire investor, crypto bull and former hedge fund manager Mike Novogratz has welcomed the recent probe by the US Department of Justice (DOJ) into potential bitcoin trading manipulation. The outspoken cryptocurrency bull, who has recently founded a digital currency merchant bank Galaxy Digital, praised the move, saying that while it might cause some panic initially, it will benefit the nascent industry in long-term. Speaking to Bloomberg, Mr. Novogratz claimed that,…
US Government Will Fight Against Cryptocurrency Market Manipulation
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US Government Will Fight Against Cryptocurrency Market Manipulation
The United State’s Justice Department (DOJ) will finally try to put to rest the several paranoid comments of Bitcoin prices being manipulated. The DOJ will work alongside the Commodities and Futures Trading Commission (CFTC)  to understand what type of illegal trading strategies are taken to manipulate the cryptocurrency markets. According to sources, the investigation will focus on specific tactics used illegally for influencing prices. These include ‘spoofing’ which is flooding…
India is Thinking About an 18% Tax On Cryptocurrency
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India is Thinking About an 18% Tax On Cryptocurrencies
India, the country which has been outsourced plenty of  IT jobs may soon accept cryptocurrency. The announcement finally came after a lot of drama between the Reserve Bank of India and cryptocurrency enthusiasts from the colorful and cultural country of India. India is currently the world’s second-largest country by population and has many cryptocurrency investors. Bloomberg has reported a move of levying 18% of Goods and Services Tax (GST) on…
More Cryptocurrency Friendly Regulations in South Korea
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More Cryptocurrency Friendly Regulations in South Korea?
South Korea might be looking to revise its stance on cryptocurrency to become more crypto friendly. This comes following a decision by lawmakers from the G20 countries to regard cryptocurrency as financial assets. Some are hoping that this decision will lead to a reversal of the increasingly harsh cryptocurrency regulations in South Korea, which have followed since last year’s ban of ICOs and “related activities”. The G20 countries are a…
Aniston Scam
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Texas Regulators Shut Down Crypto Scam, Falsely Using Jennifer Aniston and Prince Charles for Promotion
 Texas State Securities Board has eliminated another deceitful outfit from the crypto sphere, as the regulators issued an emergency cease-and-desist order against a crypto company Wind Wide Coin, citing illegal, deceptive and fraudulent behaviour. Wind Wide Coin boasted of achieving 900% daily profits with an automatic trading bot that exploited inefficiencies and volatility of the crypto markets. Such eye-watering numbers should have already been a sign of potential scam for…
Japan Introduces Tighter Regulations for Crypto Exchanges
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Japan Introduces Tighter Regulations for Crypto Exchanges
Japan’s Financial Services Agency (FSA) is set to implement further regulatory restrictions on domestic cryptocurrency exchanges. According to local media outlets, the financial watchdog is introducing the new measures to prevent another disastrous heist, like the one that destroyed the Coincheck exchange in January 2018. The exchange platform was relieved of more than $500m worth of NEM tokens. According to the new rules, which are expected to come into effect…
Korea to Ease Cryptocurrency Regulations
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Korea to Ease Cryptocurrency Regulations
Korea has a new governor Yoon Suk-heun who will lead the Financial Supervisory Service (FSS). He has announced that the regulations related to the cryptocurrency market in Korea will become eased to help the market thrive in a technological country like Korea. Yook Suk-heun was a visiting professor of business administration at Seoul National University. He was named to lead the Financial Supervisory Service and will begin work tomorrow, May…