Uganda Police arrest crypto scammers according to Monitor Uganda. Dunamiscoin collected funds as investment claiming to multiply their money in a few months. This is a common kind of crypto currency scam. Usually, the public perception of cryptocurrency is painted in a negative light due to incidents like this. Police are holding one of the directors of Dunamiscoin … [Read more...] about Uganda Police arrest Crypto Scammers
South Korea mulls crypto tax as capital gains
South Korea mulls crypto tax according to a report by Korea Times. The news report details the plan to tax crypto currency users on capital gains. credit: crypto-news.net The government of South Korea is seeking to impose taxes on capital gains from transaction of virtual currencies, including bitcoin, according government sources, Sunday. The Ministry of Economy and … [Read more...] about South Korea mulls crypto tax as capital gains
Ukraine passes crypto law based on FATF guidelines
Ukraine passes crypto law based on FATF guidelines according to a report by Cointelegraph. The law makes KYC mandatory and introduces other features to counter the possible use of cryptocurrencies to evade anti-money laundering processes. On Dec. 6, the Rada, Ukraine’s legislative body, published a final version of the law that considers virtual assets to be a store of … [Read more...] about Ukraine passes crypto law based on FATF guidelines
India to release cryptocurrency: RBI
India to release cryptocurrency or the digital equivalent of the Indian Rupee according to discussions on the RBI conference held recently. Credit: livemint.com The governor of RBI Shaktikanta Das said that the cryptocurrency issuance is a sovereign mandate and will not be handed over to a private company, as there is a huge challenge around money … [Read more...] about India to release cryptocurrency: RBI
Crypto hedge funds closing down: Bloomberg
Crypto hedge funds closing down according to a report by Bloomberg. According to experts, instability is bad for business in the long run. “Just wait until institutional investors jump in” has long been a rallying call for the cryptocurrency faithful. Credit: thestreet.com It appears they’ll need to keep waiting a little longer, with nearly 70 crypto-focused hedge … [Read more...] about Crypto hedge funds closing down: Bloomberg