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| Kazakh government adopts bill to reduce transactions in foreign currency "The bill is designed to expand the coverage of statistical monitoring of foreign exchange transactions and reduce the use of foreign currency in Kazakhstan," said bank chair Daniyar Akishev, presenting the bill at a government meeting. One of the important changes and additions envisioned by the bill ...
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| Japan's "Virtual Currency Girls" Debut Concert Pays Off The band hopes to promote the idea "through entertainment" that virtual currencies are not just a tool for speculation but are a wonderful technology, she said. Each of the eight girls in the band, known in Japanese as "Kasotsuka Shojo", plays a character representing a virtual currency such as bitcoin, ...
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| Blake Dowling: Session, bitcoin and digital currency For the official definition — bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. There are various types of cryptocurrencies but this is the one you hear about ...
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| Indonesia Warns Against Owning, Selling, Trading Cryptocurrency "Owning virtual currencies is very risky and inherently speculative," the central bank said in a statement Saturday. ... watch from processing transactions using digital currencies, PT Bitcoin Indonesia, a virtual-currency exchange that boasts more than 940,000 members, doesn't fall under its supervision.
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| NFA Issues Notice of Additional Reporting Requirements for CPOs and CTAs That Trade Virtual ... Effective December 14, 2017, any CPO or CTA must notify the NFA by amending the firm-level section of its annual questionnaire, after it executes its first transaction involving any virtual currency or virtual currency derivatives contract on behalf of a pool or managed account. Beginning the first quarter of ...
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| Counting Cryptocurrency Gains And Losses Without Running Afoul Of IRS Rules IRS Notice 2014-21 stated clearly that for federal tax purposes, virtual currency is treated as property. General tax principles applicable to property transactions apply to transactions using virtual currency. In addition, the Notice made it clear that virtual currency is not treated as a currency for tax purposes ...
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| Stellar Price Retakes $0.65 as All Markets Show Signs of Recovery Most cryptocurrency enthusiasts were surprised to see Stellar included among the crypto top 10 ranked by market cap at the end of 2017. A lot of people ignore currencies which won't net them quick profits or don't serve their specific needs. Even so, the Stellar Lumens price successfully surpassed ...
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| Korea's Crypto Crackdown Talk Draws Backlash From Users and Politicians South Korea's largest bank, Shinhan Bank, said on Friday that it would be closing down the virtual currency accounts it offers in order to comply with new regulations surrounding their use. An official from Shinhan said the bank had initially built a system to comply with the new regulations before deciding ...
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| Digital Currency Investors Wary, as Markets Slow In Response To Government Meddling Bitcoin continued to tread water in a rut of $14,000 to $15,000 per single coin, as the rest of the cryptocurrency market also slumbered. Most of the popular digital currencies were slightly down this morning, with Cardano and EOS both taking double digit leaps upward as the outliers. Ripple XRP ...
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| DRI busts smuggling of foreign currencies of Rs 1.75 crore AHMEDABAD: Directorate of Revenue Intelligence (DRI) on Saturday busted an alleged smuggling racket run by a Mumbai based syndicate and arrested three persons who were trying to smuggle foreign currency out of India. The DRI recovered foreign currency of 2,75,000 US dollars worth Rs 1.75 ...
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