While explaining the potential areas and challenges of regulation at the Workshop on The Search for Regulation in Crypto Assets, the Vice President of revenue administration, who spoke at the workshop, stated that taxation must be defined first and that no retrospective tax can be charged.
France, Singapore Experiment with Digital Currency Using Onyx
Central banks in France and Singapore experimented with digital currency using JPMorgan's blockchain platform Onyx.
Lawmaker in Kyrgyzstan Introduces Bill for Cryptocurrency Exchanges
Kyrgyzstan's lawmaker has introduced a bill for the formal recognition of cryptocurrency exchanges in order to attract foreign investors and address legal uncertainty.
N26 to Trade Bitcoin
N26, a Digital Bank based in Germany, will provide in-app features for buying and selling Bitcoin to its 7 million customers.
Special Team for Crypto Assets from Bank of America
Bank of America has formed a new team to explore crypto assets after investors' growing interest in digital assets.
New Conditions May Come from the European Union to Crypto Asset Service Providers
To prevent money laundering, the European Union may introduce new requirements for crypto asset service providers to collect and make accessible data on transfers of these assets.
11% of Central Bankers See Bitcoin as An Alternative to Gold
A UBS survey found that central bankers see investing in cryptocurrencies such as Bitcoin as an opportunity. 28% see the benefits of cryptocurrency as a non-correlated entity, and 11% see Bitcoin as an alternative to gold.
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