HomeTagRegulation Archives - CryptoTechNews

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Skeptics and advocates for cryptocurrencies all wonder how the market will develop over the next few months. Will it replace money as we know it? Can we make it safe and universal? It might take longer for us to get all the answers however in the meantime, there is one factor traders and investors can’t ignore – taxation. Below is a deep dive into taxation on cryptocurrencies and how to manage your obligations when it...

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In traditional markets, regulators have ensured that there are systems in place to monitor, investigate and identify market manipulation efforts with a view of prosecuting individuals involved. In an ideal situation, markets need to be competitive where there are many buyers and sellers so that no single player can dictate or influence prices. This helps in creating public confidence, to increase trade and efficiency in transactions. But this is not always the case. Due to the...

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This past month, the International Monetary Fund (IMF) became the first global financial body to raise alarm over the fast growth of virtual assets and the impact this new asset class could have on the global financial market. The IMF warning comes just a month after the UK government issued a statement that branded the cryptocurrency industry a ‘wild west’. This is not the first time the IMF is raising concerns about cryptocurrencies. In February...

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DESICO, a startup that is developing a security token infrastructure, started public offering on November 7, 2018 during which investors will be able to purchase DESI tokens which entitle token holders to platform’s revenue. The company relies on the fundraising model given that DESI Tokens represent safer and more valuable instruments compared to ICO-based utility tokens. For this, DESICO went through several regulatory filters, finally securing the required regulatory structure for its offering, in accordance...

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When buying crypto, such as Bitcoin, with fiat currency, your main entry point is through exchanges such as Bitstamp, Coinbase or Gemini. With the increasing adoption of crypto, more and more regulations are being enforced to help protect the consumer. One of the key steps in verification is ID verification when using an exchange. For anyone in the developed world, privacy may be the biggest concern when handing over ID to an exchange. However, in developing countries, the requirement for...

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We had the pleasure of speaking with Jamy Nigri, CEO at BDXAlliance.  With its six products, including BDXCoin, BDXWallet, BDXSexy, BDX500, BDXChange and BDXApp, the company aims to be the first fully licensed and regulated crypto ecosystem, more than a licensed exchange. And part of its approach is to help make crypto feasible for everyday use. “Using crypto and tokenisation of assets makes sense. There are too many benefits to ignore. I think businesses will continue to...

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Whether you are an enthusiast or sceptic, you might have asked yourself, or others, what’s the future of cryptocurrencies and blockchain? Is there a real use? Will they stand the test of time? Are they really the next big thing? Dr. Prash from Caleb and Brown spoke with Coincast TV’s Heidi Cuthbert on what he thinks the future really looks like. First came the millennials, then the first tech-savvy adopters, but when will financial services finally...

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While the ICO market often looks like a Las Vegas casino rather than an intelligent investment decision, there are some projects, like DESICO, with its Security Token Offering (STO), that aim to both protect its investors as well as providing value to the crypto-space as a whole.  In its major announcement today, tokenized securities startup, DESICO, has outlined the plan to offer its STO, introducing its native DESI tokens. Welcome to a Secure, Compliant Ecosystem...

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Collaboration designed to explore enhancement of standards necessary to support the next 100M users of Crypto Assets PwC, a global professional services firm, has formed a joint business relationship with Cred to to help the marketplace understand key considerations in quickly moving towards enhanced standards that build confidence and trust in the crypto ecosystem and usher in the next 100M users of crypto assets. “We are excited to work with Cred to help increase industry...

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As regulators grapple with the disruption of blockchain technology and cryptocurrencies, Switzerland continues to position itself as a world leader in embracing the technologies with the Swiss regulator issuing a licence to Crypto Finance AG, the same licence as professional fund managers, as reported by Bloomberg. This is a very significant move as it now enables Crypto Finance AG to act as an asset manager for collective investment schemes. In real terms, this means that...