• Crypto Payments Now Legal in Ukraine
    by Osato Avan-Nomayo on December 9, 2019 at 10:09 am

    Lawmakers in Ukraine have adopted new legislation that legalizes crypto payments as the country moves forward with strict compliance to international anti-money laundering (AML) standards. Private Individuals Can Provide Crypto Payment Services According to Forklog, members of the Verkhovna Rada — Ukraine’s legislative arm, have adopted a new bill that incorporates international AML best practices into the country’s crypto regulatory framework. As part of the newly adopted legislation, cryptos are now classified as property in Read More The post Crypto Payments Now Legal in Ukraine appeared first on Bitcoinist.com. […]

  • India Ends Disappointing Year in Crypto, Will 2020 Be Better?
    by Martin Young on December 9, 2019 at 9:30 am

    Regardless of crypto market price action, some countries have had a better 2019 than others. India has been on the back foot for most of it as the central bank and regulators procrastinated with the new technology and stifled further innovation. Indian Crypto Industry Stunted Increasing hostility from central banks is to be expected. Decentralized digital currencies are a threat to their entire existence. The Reserve Bank of India has been no exception with negativity Read More The post India Ends Disappointing Year in Crypto, Will 2020 Be Better? appeared first on Bitcoinist.com. […]

  • PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks
    by Christine Vasileva on December 9, 2019 at 9:16 am

    People’s Bank of China is entering another stage of its tests for a crypto payment system. The central bank announced it had completed the preliminary tests and has turned to create a testing ground with the aid of major Chinese companies and banks. PBOC Performs Pilot Tests for its Crypto People’s Bank of China has tested its crypto-asset payment system since 2014 but has abstained from an official launch. Now, a news report suggests the Read More The post PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks appeared first on Bitcoinist.com. […]

  • Bitcoin Usage in Nigeria Surging Despite Govt. Caveats
    by Himadri Saha on December 8, 2019 at 7:33 pm

    The Central Bank of Nigeria (CBN) has warned that bitcoin and digital currencies are not legal tenders but Nigerians don’t seem to care.  Bitcoin Adoption Rising Despite Apex Bank, Senate Warnings In its December 2019 edition of ‘The Nigerian Banker’, the Chartered Institute of Bankers of Nigeria (CIBN) highlighted how bitcoin is booming in Nigeria, despite the central bank’s anti-crypto stance. As per its report on digital currencies: The CBN has also declared that digital Read More The post Bitcoin Usage in Nigeria Surging Despite Govt. Caveats appeared first on Bitcoinist.com. […]

  • Korean Government to Tax Crypto Capital Gains from 2020
    by Christine Vasileva on December 8, 2019 at 2:21 pm

    The Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020. Korean Authorities Hope to Tax Crypto Capital Gains Until recently, Korea was one of the most active markets for crypto speculation. But there was no direct framework to tax capital gains from the sale of digital assets, reported The Korea Times. Read More The post Korean Government to Tax Crypto Capital Gains from 2020 appeared first on Bitcoinist.com. […]