Blockchain & Crypto Archives - Page 180 of 298

South Korean Crypto Exchange Bithumb To Fight $68.9M Tax Bill

December 30, 2019

Bithumb, the major South Korean crypto exchange may challenge a recent $68.9 million (80 billion won) tax bill in court. According to a 29th December report in local media outlet KoreaHerald, Bithumb has b...

i2c Partners with Wirex to Launch Fiat-Crypto Travel Card

December 30, 2019

Payments processing company i2c and Wirex, a fiat and crypto payments platform, joined hands to launch a multi-currency travel card for the Asia Pacific region. Announced on Monday, the travel card will supp...

Korean Tax Authority Slaps Bithumb with $69 Million in Withholding Tax

December 30, 2019

The Korea Tax Service has imposed a withholding tax of 80 billion won (over $68.9 million) on the country’s crypto exchange Bithumb. Reported by multiple local news agencies, the withholding tax was imposed ...

Coinbase Forced To Remove DApp Browser? Apple Spooked By Decentralisation?

December 30, 2019

The established tech superpowers are giving the crypto community yet more grief, as Apple warns it may make Coinbase remove the DApp browser feature from its crypto wallet app. Coinbase gave its users a he...

South Korean Central Bank to Form Digital Currency Task Force

December 27, 2019

The Bank of Korea is in the process of forming a task force to study a central bank digital currency (CBDC). The prospect was revealed by the regulator on Friday on a report named “Monetary Policy 2020.” “T...

Bahamas Central Bank to Test Launch Digital Currency

December 27, 2019

The Central Bank of the Bahamas (CBOB) is working on the development of a digital version of the Bahamian dollar. Per the official announcement, the central bank will first launch the digital currency as a p...

Russian Central Bank Testing Stablecoin Under Sandbox, Exploring CBDC

December 26, 2019

The Bank of Russia has initiated testing of stablecoins pegged to real estate under its regulatory sandbox program. The prospect was revealed by the central bank chairperson Elvira Nabiullina while speaking ...

Binance Expands Trading Options with Turkish, Russian Fiats

December 26, 2019

Global crypto exchange Binance on Wednesday announced the addition of four new trading pairs, expanding its offerings with two fiats – Turkish lira (TRY) and Russian ruble (RUB). Among the four new trading p...

Paraguay to Audit Crypto Firms, Aims to Bring Regulations in H1 2020

December 25, 2019

In an attempt to regulate the crypto industry, Paraguay has decided to audit the books of companies doing business in the sector. Reported by Coindesk on Tuesday, the decision of the survey was announced las...

Bank of Korea Has No Plans for a Central Bank Cryptocurrency

December 25, 2019

BOK said giving the public direct access to a cryptocurrency could reduce commercial banks’ deposits and reserves. Bank of Korea (BOK) said it doesn’t currently have immediate plans to launch a digital currenc...