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Archive for March 2018

Cambodia's Crypto Industry Marches Forward Despite Legal Grey Area

Cambodia's Crypto Industry Marches Forward Despite Legal Grey Area

Emerging Markets Cambodia’s cryptocurrency sector appears to be marching forward, despite the absence of clear regulatory guidelines pertaining to virtual currencies.  Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018 Regulatory Ambiguity Fails to Deter Cambodia’s Cryptocurrency Sector A report published by The Phnom Penh Post suggests that Cambodia’s virtual currency industry is…

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New ESMA Measures Impose 2:1 Restriction on Leverage for Crypto CFDs

New ESMA Measures Impose 2:1 Restriction on Leverage for Crypto CFDs

Regulation The European Securities and Markets Authority (ESMA) has announced that it will impose restrictions on the leverage offered for contracts-for-difference (CFDs) and binary options offered to European retail investors. Under the new measures, the leverage offered on cryptocurrency CFDs will be limited to no more than 2:1. Also Read: PBOC to Strengthen…

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Major Russian Bank Looks To Pilot Crypto Transactions In Switzerland

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Major Russian state-owned bank Gazprombank will be conducting pilot cryptocurrency transactions in Switzerland, local news outlet Vedomosti reported March 29. According to Aleksandr Sobol, the Deputy Chairman of the Board at Gazprombank, Switzerland was chosen due to the more liberal crypto legislation in the country. Sobol said that “some kind of pilots” will “of course”…

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FBI Publishes PSA About Tech Support Fraud Targeting Cryptocurrency Holders

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The FBI’s Internet Crime Complaint Center (IC3) has published a public service announcement on March 28 warning about the prevalence of scammers posing as tech support for a variety of industries, including the cryptocurrency sector. The announcement defines tech support fraud as a “criminal claiming to provide customer, security, or technical support in an effort…

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China to Strengthen Cryptocurrency Regulations in 2018

China to Strengthen Cryptocurrency Regulations in 2018

Regulation The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research…

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Everything You Were Afraid to Ask About Crypto Taxes – CoinDesk

Everything You Were Afraid to Ask About Crypto Taxes - CoinDesk

Busayo Ogunsanya is the CEO of AMUS Inc., an artificial intelligence tax platform, and the managing partner of BigAppleTaxReturn, a CPA firm in New York. The following article is an exclusive contribution to CoinDesk’s Crypto and Taxes 2018 series. Many cryptocurrency investors have made a fortune the past several years selling high-flying bitcoin and other…

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