Search Results for: virtual currency
Former virtual currency trader fined over a million for Bitcoin and Litecoin fraud
November 12th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Joseph Kim (Kim), of Phoenix, Arizona, requiring Kim to pay more than $1.1 million for a fraudulent Bitcoin and Litecoin scheme. In the order, Kim ...
Is China really developing a sovereign virtual currency?
October 16th, 2018
China is considered to be an advanced nation when it comes to all things digital. And although the country disappointed many when it banned the trading of bitcoins and other popular cryptocurrencies — China hasn’t given up on blockchains or ...
Virtual currency may be next tax haven, European Parliament warns
September 11th, 2018
Virtual currencies could become a new “virtual tax haven,” posing a major risk for governments, according to a report released amid an EU finance ministers meeting on the topic. The European Parliament report warned virtual currency poses a “direct ...
Thailand introduces virtual currency trading tax rules
May 23rd, 2018
In a last-minute change ahead of the implementation of new tax rules for virtual currency trading, Thai lawmakers agreed that virtual currency trading on regulated exchanges should be exempt from value-added tax. Under the new regime, gains will be ...
Bitcoin sees Wall Street warm to trading virtual currency
May 10th, 2018
Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world. The parent company of the New York ...
Blockchain firms in $1.3b virtual currency battle
September 12th, 2017
Two of the world’s largest blockchain developers are battling over more than US$1 billion (S$1.3 billion) in virtual currency options, in a dispute that may help establish the leading player in providing new payment technologies to financial companies. R3, ...
Singapore warns of potential risks of virtual currency-related investment schemes
August 10th, 2017
The Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) have observed the emergence of initial coin (or token) offerings (ICOs), and other investment schemes involving digital tokens, in Singapore. Members of the public are advised to ...
Virtual currency Ethereum has risen 4,500 percent since the beginning of the year
June 20th, 2017
The price of Bitcoin has hit record highs in recent months, more than doubling in price since the start of the year. Despite these gains, Bitcoin is on the verge of losing its position as the dominant virtual currency. ...
New virtual currency tied to oil takes aim at bitcoin
May 3rd, 2017
A new virtual currency launched Tuesday aims to rival industry leader bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector. The currency called “bilur” and created by London-based financial services ...
Virtual currency as a payment method in Japan officialy from April 1
March 29th, 2017
Virtual money poses accounting dilemma for Japan’s early adopters Asset or expense? The bottom line depends on the answer A new law defining virtual currency as a payment method goes into effect in Japan this Saturday, but in the ...
