
#digitalcurrency#
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Digital currency (digital money, electronic money or electronic currency) is a balance or a record stored in a distributed database on the Internet, in an electronic computer database, within digital files or within a stored-value card.
'Two cops on the beat': Regulator wants sole authority to charter fintech firms
The OCC’s acting head is pushing against the Consumer Financial Protection Bureau’s intention to charter non-depository fintech firms. Photo: Cointelegraph Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned again
South Korea to introduce a 20% tax on crypto trading profits in 2023
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders. Photo: Cointelegraph The South Korean government issued an amendment on Wednesday to introduce a tax on profits from cryptocurrency trading. Following a legislative notice lasting until Jan 21
Judge reverses own 'mistaken' dismissal of Overstock lawsuit
A United States federal judge has reversed his decision to dismiss a lawsuit alleging that Overstock manipulated its share market by distributing a security token in 2019. Photo: Cointelegraph A Utah federal judge has reversed his own dismissal of a class-action lawsuit against online retailer Overs
MAS strengthens regulation of crypto exchanges
Photo: Leaprate Monetary Authority of Singapore (MAS) is expanding its regulatory framework and updating the Payment Services Act to keep up with changes to international standards and to better mitigate and reduce the money laundering and terrorism financing related to digital payment tokens. Any e
Crypto regulatory group JSTA takes Japanese telecoms giant Softbank Corp in their board.
Softbank’s telecoms arm is set to become the latest member of the Japanese Security Token Association. Photo: Cointelegraph Softbank Corp, the telecoms arm of the Japanese conglomerate Softbank Group, has confirmed its membership of the Japanese Security Token Association (JSTA). The company n
Ukraine Government Picks Stellar Development Foundation to Help Build National Digital Currency
Photo: Coindesk Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC). Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build
Bittrex to Delist 'Privacy Coins' Monero, Dash and Zcash
Photo: Coindesk Bittrex announced on Friday that it will be delisting monero (XMR), zcash (ZEC) and dash (DASH), continuing a trend of so-called privacy coins being delisted by cryptocurrency exchanges. In a release, the exchange said the coins' markets will be removed on Friday, Jan 15, at 23:00 (U
SEC vs. Ripple: A predictable but undesirable development
Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space. Photo: Cointelegraph The U.S. Securities and Exchange Commission has not been kind to crypto in the past year. In Mar 2020, in the SEC v. Telegram case, the Commission won a wor
Coinbase Sued for Allowing the Sale of XRP
Photo: Coindesk In an interesting consequence of Ripple Labs’ battle with the U.S. Securities and Exchange Commission, a Missouri man claiming to be a Coinbase client is suing the crypto exchange for selling the XRP token. In a complaint filed in the Northern District Court of California, Thomas C.
The US has already lost the 2020 crypto regulation race to Europe
When it comes to crypto regulation, the United States is falling further behind more progressive and visionary nations. Photo: Cointelegraph 2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology. Big announcements, su
Serbia Legalizes Digital Assets Trading and Issuance
Photo: Coindesk In a reversal of previous policy, the Serbian government will now permit the issuance and trading of digital assets and related services under a law that went into effect Dec 29. The draft law was announced in October and local media reported the law was passed by the nation’s
Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170 million
Photo: Coindesk Nasdaq-listed Marathon Patent Group (MARA), one of the largest enterprise bitcoin mining companies in North America, announced its pre-order purchase of 70,000 Antminer S-19 ASIC miners from Bitmain for $170 million, more than tripling the size of Marathon’s fleet. “This purchase is
B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading
Photo: Coindesk Cryptocurrency market-maker B2C2 halted the trading of XRP with U.S.-based counterparties, effective this past Thursday, following the U.S. Securities and Exchange Commission’s lawsuit against Ripple Labs, according to a report in The Block. Non-U.S. clients can still trade the token
