#Crypto assets News

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Wyoming: Insurers Will Soon Be Able to Invest in Crypto Assets

April 14, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Wyoming authorities have amended the state’s insurance code to make it possible for insurance firms to invest in Bitcoin (BTC) and other digital currencies. The new regulation will go live on July 1, 2020, according to a Mondaq report on April 13, 2020. Wyoming Insurers to Invest in Digital Assets...

Bitwage Hand Paying Bitcoin to Outstretched Arms

Three Ways to Stay Compliant with IRS Bitcoin Tax Laws

December 4, 2019 by Anthonia Isichei at News

Cryptocurrency owners have been grappling with ways to accurately report their earnings to the U.S. Internal Revenue Service (IRS). With the pressure from the IRS on bitcoin owners to come clean with their earnings, there are suggested ways that individuals can avoid getting on the bad side of the law. ...

Aussie and Japanese Tax Agencies Crackdown on Crypto Tax Evaders

June 6, 2019 by Anthonia Isichei at News

Cryptocurrency tax evaders may not be able to hide in the shadows any longer, as tax agencies are now on the alert. Countries like Japan and Australia have placed virtual currency evaders on their priority list and are seeking effective means to nab cryptocurrency tax offenders. This according to reports by The Sydney...

Basel Committee Warns Banks on Crypto Assets

March 14, 2019 by Tokoni Uti at Adoption, Altcoins, Bitcoin, Finance, News

The Basel Committee has claimed that crypto assets are a threat to global financial stability and advised banks to deal with them at their own risk, according to an official March 13, 2019 report published by the Bank for International Settlements (BIS). A Bone to Pick Regardless of all the...

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Amun Raises $4 Million to Develop a Stock-Based System for Crypto Investors

March 11, 2019 by Nuno Menezes at Adoption, Bitcoin, Finance, News, Tech

Amun AG, a startup focused on crypto investments, has pulled in $4 million to develop secure and easy channels of crypto asset trading and management for crypto investors. With this move, the startup is looking to provide an alternative that resembles the stock market, as reported by TechCrunch on March...

Brazil Bitcoin Security Token Vuilding BTG Pactual

Brazil’s BTG Pactual Bank to Add Security Token to Portfolio

February 22, 2019 by Nuno Menezes at Blockchain, Finance, News

Brazil’s BTG Pactual announced on its blog, January 21, 2019, that it was adding a new security token to its portfolio. With this move, the bank becomes the latest financial institution in the country to add crypto assets to its financial instrument roster. ReitBZ According to the official blog post,...

London Stock Exchange’s ‘Matching Machine’ to Be Deployed on Hong Kong-based Crypto Exchange

January 23, 2019 by Tokoni Uti at Blockchain, Exchange, News, Tech

On January 22, 2019, it was announced that the Millennium Exchange matching engine used by the London Stock Exchange would be deployed for the first time on a cryptocurrency exchange, namely AAX, an upcoming Hong Kong-based exchange. Matching the New World A January 22, 2019 press release announced that AAX,...

U.K. Lawmakers Believe Britain’s Cryptocurrency Market Should Be Regulated

September 20, 2018 by contributor at Altcoins, Bitcoin, News, Regulation

British lawmakers mentioned on September 19, 2018, that the cryptocurrency market needs urgent regulations. The Government should take action to protect retail investors from volatile prices, technical vulnerabilities, and position U.K. to become a global leader in the cryptocurrency industry, given its position as a financial hub. Lack of Comprehensive...