Digital currency exchanges inside UK face unfair 2% digital service tax
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Digital currency exchanges inside UK face unfair 2% digital service tax

Home » Business » Digital currency exchanges in UK face ‘unfair’ 2% digital service tax Digital currency exchanges in the United Kingdom will now be subjected to a 2% digital services tax. The U.K.’s tax agency has claimed that since digital currencies are not currencies or commodities, they are not exempt from the tax reserved…

Digital currency hackers outdoor camping at Russias well-known skyscraper: report
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Digital currency hackers outdoor camping at Russias well-known skyscraper: report

Home » Tech » Digital currency hackers camping out at Russia’s popular skyscraper: report As the digital currency industry gains more popularity, there has been greater concern over the security of investing in the industry. Cybercrime, no doubt, is at the epicenter of these security concerns. In an attempt to tackle cyber-related crime, the U.S.…

Digital currency eyed as transaction option for workers inside Brazil
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Digital currency eyed as transaction option for workers inside Brazil

In September, draft Bill 2.303/15 introduced by Deputy Aureo Ribeiro in the Brazilian House of Representatives was approved by a special commission of the House. It was then presented in the Plenary of Chambers for the assent of the chamber to legalize the use of digital currency like BTC in the country.  Roberto Campos Neto, president…

2 digital foreign currency exchanges under probe in Sweden over AML compliance
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2 digital foreign currency exchanges under probe in Sweden over AML compliance

Home » Business » 2 digital currency exchanges under probe in Sweden over AML compliance Sweden’s financial regulator, the Financial Supervisory Authority, has said it is investigating two local digital currency exchanges to determine how effectively they are complying with requirements under anti-money laundering provisions. The Financial Supervisory Authority, known in Sweden as FI, said…

Digital currency inside India: Will there be hope for the?
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Digital currency inside India: Will there be hope for the?

There have been uncertainties on the stance of the Indian government concerning digital currency. In 2018, the Reserve Bank of India (RBI) placed a ban on banks engaging in digital currency transactions or providing digital currency services, but this ban was reversed by the Supreme court in 2020. Some banks like private bank HDFC Bank have placed…

Bitcoin not a foreign currency? South African central lender governor thinks so
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Bitcoin not a foreign currency? South African central lender governor thinks so

Home » Business » Bitcoin not a currency? South African central bank governor thinks so Digital currencies don’t meet the three criteria that define a currency, according to the head of South Africa’s central bank. Lesetja Kganyago, the governor of the South African Reserve Bank, further called on regulations for the industry, even as the…

Electronic currency scams are flavor of the entire year: SEC official
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Electronic currency scams are flavor of the entire year: SEC official

Fraud and scams are nothing new in the world of finance, but with the surge in popularity and usage of digital currencies, they have become the new sector attracting all the fraudsters. This is according to an official at America’s securities watchdog, who described digital currency scams as the “flavor of the year.” Peter Diskin…

Why Fiat Foreign currency Is Even more Confusing Than Crypto
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Why Fiat Foreign currency Is Even more Confusing Than Crypto

Source: AdobeStock / BBbirdZOne common refrain you hear about crypto, at least from laypeople, is that it’s too ‘complicated,’ ‘hard to understand,’ ‘opaque.’ On a technical level this view is understandable, yet it ignores the fact that what cryptocurrencies aim to replace/supplement – fiat currencies – are also more than a little complicated, hard to…

LINE digital forex to pull Korean procedures because regulatory deadline approaches
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LINE digital forex to pull Korean procedures because regulatory deadline approaches

Home » Business » LINE digital currency exchange to pull Korean operations as regulatory deadline approaches The digital currency exchange operated as a subsidiary of Japanese tech group LINE is to withdraw support for its services to South Korea, as the regulatory deadline for tougher rules on operators approaches. In a move that could indicate…

Digital currency ads create a go back to Google
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Digital currency ads create a go back to Google

Google has once again resumed running ads for digital currency and related services, after rolling out a new policy from August 3, meaning digital currency wallets and exchange services can advertise through Google channels. The move comes following the decision to ban digital currency ads back in June 2018, with the search giant opting to…