South Korea to tax capital gains on Crypto
The South Korean government plans to tax capital gains on cryptocurrency. According to the local news outlet- The Korea Times, the Ministry of Economy and Finance is pushing for the...
December 9, 2019
2019
Over the next decade, Cryptocurrencies will Soar: Says Deutsche Bank
Until now, cryptocurrencies have been additions, rather than substitutes, to the global inventory of money. “Over the next decade, this may change”, according to Deutsche Bank research report. Published this...
December 7, 2019
Millennials hold more bitcoin in their investment portfolio than Netflix, Microsoft stock
As per the recent report from brokerage firm Charles Schwab, Millennials hold more bitcoin-tied investment products in their investment portfolio than Netflix, Microsoft stock. The analysis shows of the top...
December 6, 2019
No need for digital dollar: Says US Federal Reserve and Treasury
[inlinetweet]The US Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin don’t see a need for the digital dollar.[/inlinetweet] In a Financial Services Committee hearing held on 5th Dec,...
December 6, 2019
France to experiment central bank digital currency in 2020
France to experiment with central bank-issued digital currency in 2020. In a conference hosted by ACPR, the Bank of France Governor Francois Villeroy de Galhau said that the central bank...
December 4, 2019
Banks in Germany have open hell gates for Euro savers. Negative Rates passed on to retail clients
After continued five years of negative rates imposed by the European Central Bank, some banks in Germany now have passed-on the charge to their retail clients for all their savings...
December 4, 2019
Employees of big tech companies would not trust them with their financial data
Big tech companies are swiftly planning to move to the financial sector. With Google’s checking accounts to Facebook’s digital currency, the traditional banking system will face direct competition with the...
December 3, 2019
South Africa prepares new rules to stop crypto from being used to evade currency controls
Reserve Bank of South Africa is planning to introduce a new rule regarding the use of crypto, in a bid to stop their use to evade currency controls. The rules...
December 2, 2019
The effect of blockchain and cryptocurrencies on developing nations
The political atlas, as we all know, is divided into two brief categories. One category contains the countries that have reached an incredible level of Human Development Index (HDI) –...
December 1, 2019
German banks allowed to sell and store crypto. How it may benefit Bitcoin?
A new business area opened up for German banks. Starting in 2020, German banks can sell and have custody of Bitcoin and other crypto-assets. Earlier German banks were not allowed...
December 1, 2019