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| China Changes the Way It Manages Yuan After Currency's Jump China's central bank has made a change to the regime used to manage the yuan, effectively removing a component used by banks to calculate their submissions to the currency's daily reference rate, according to people familiar with the matter.
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| Vermont Senator Proposes Digital Currency Tax Legislation Subchapter twelve discusses digital currency limited liability companies which include physical presence, taxation, and exemptions for such entities. Within this section, the company must reside in the state of Vermont and can pay its taxes using a cryptocurrency transaction. The S.269 proposal explains:.
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| SNB Eyes Record 54 Billion-Franc Profit on Weaker Currency Earnings at the central bank led by Thomas Jordan got a boost from holdings of foreign currency, which contributed 49 billion francs. The overall result dwarfs even the SNB's 2014 earnings of 38 billion francs. The valuation gain on gold holdings amounted to 3 billion francs, the SNB said in an initial ...
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| North Korean hackers 'are mining crypto-currency' to raise funds for regime amid biting sanctions North Korean hackers appear to have found a way to mine a rival crypto-currency to Bitcoin, potentially allowing the regime to cash in on booming virtual cash and avoid swinging sanctions that are crippling its economy, according to a cyber-security company. Cyber-security firm AlienVault has identified ...
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| ATM at Lynnwood gas station dispenses Bitcoin digital currency They use their phone or computer to wheel and deal in digital currencies. Unlike store hours or the stock market, trading is 24/7. The main way to buy Bitcoin is to use an app, such as online trading broker Coinbase (no relation to Coinme), which allows people to carry around their big wad of blockchains ...
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| Rand loses its shine as Ramaphosa's political realities hit home: Currency analysis EDINBURGH — The excitement of Cyril Ramaphosa's victory in the ANC leadership contest is fading in currency markets. Analysts say that the rand has already priced in Ramaphosa picking up from President Jacob Zuma. The road ahead is seen as hard for Ramaphosa, as he will have a significant ...
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| Kuwait to study implications of trading in Bitcoin currency It is expected that the ministry will raise awareness about the risks associated with those companies due to lack of banking and legal cover for them to deal in virtual currencies such as Bitcoin and other new currencies in addition to lack of recognition in the official and central banks as well as lack of ...
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| Samsung operating income misses estimates on currency headwinds ... Korea's government this month warned about the rise in the won and said it will take steps in the case of one-sided moves in the nation's currency. "The won-dollar exchange rate is worrisome," Lee Seung-woo, an analyst at Eugene Investment and Securities, said in a report before the announcement.
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| South Korea inspects six banks over clients' virtual currency accounts South Korea's financial regulator said on Monday it is jointly carrying out inspections on six local banks that offer virtual currency accounts to institutions amid growing concerns increasing use of assets like bitcoin could lead to a surge in crime. The joint inspection by the Financial Services Commission ...
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| Singaporean official clarifies AML approach regarding virtual currency transactions The Singaporean authorities have been trying to strike the balance between mitigating the risks for investors using virtual currencies and not turning their back to innovation. Questions regarding virtual currencies are piling up for top officials, with the latest one concerning the AML/CFT enforcement on ...
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