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| What is petro and when is Venezuela's new Bitcoin-like cryptocurrency's ICO? Venezuela has launched their own cryptocurrency called Petro. According to the Venezuelan government, Petro will be backed by the nation's oil, gold, gas and diamond reserves and are looking for investment from Middle East nations as well as Europe and the US. The national currency of Venezuela, ...
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| Israel Confirms Cryptocurrency Will Be Taxed As Property, Not Currency The Israeli Tax Authority (ITA) confirmed yesterday, Feb. 19, in a professional circular that the country will tax cryptocurrencies as property. The tax authority had released a draft of today's circular on Jan. 12, which referred to virtual currencies as "unit[s] used for barter [that] can be used for investment ...
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| Cryptocurrency Skeptics Find an Ally: HSBC's New Boss John Flint Add another high-profile name to the ranks of cryptocurrency skeptics: John Flint, the incoming chief executive of HSBC Holdings Plc. "The underlying technology, distributed ledger technology, has got lots of applications across our industry," Flint said in a phone interview Tuesday after HSBC's earnings ...
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| Congress Eyes Federal Cryptocurrency Regulation Cryptocurrency regulation today is something of a patchwork of regulatory oversight, as it is a duty shared by the SEC, CFTC (Commodity Futures Trading Commission), Treasury Department, the Federal Reserve and individual states. The result of the "everyone is responsible for bitcoin" structure of ...
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