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| Canadian Peer-to-Peer Trading Explodes Due to Bank Restrictions on Crypto Purchases Following the trend of international banking institutions in limiting their customers' interaction with cryptocurrency associated accounts, Bank of Montreal, one of Canada's "Big Five," has taken a conservative stance on the new crypto economy. Last month, rumors of a BMO internal memo were leaked on ...
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| Bitcoin Above $8000; Cryptocurrency Exchange Coinsecure Robbed Of $3 Million Meanwhile the Indian cryptocurrency exchange Coinsecure has admitted almost $3 million has been stolen from its Bitcoin wallet. It is the biggest such theft so far in the South Asian country's fledgling virtual currency market. "We regret to inform you that our Bitcoin funds have been exposed and seem to ...
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| People Who Own Cryptocurrency Are Getting Slammed With More Taxes Than They Expected In January 2014, Nevada-based attorney Tyson Cross wrote a Reddit post that attempted to make sense of cryptocurrency taxes. Bitcoin had experienced a small boom that year, and the IRS had yet to weigh in on how it should be taxed. Many people were lost when it came to paying the government for ...
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| Vietnam's Prime Minister Directs Central Bank to Strengthen Cryptocurrency Framework The Prime Minister of Vietnam has signed a directive for the country's central bank and the Ministry of Finance to strengthen the management of cryptocurrency-related activities. This follows an alleged fraud involving a cryptocurrency that scammed 32,000 Vietnamese out of VNĐ15 trillion. Also read: ...
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| The Bank Of England In Further Cryptocurrency Developments In 2017, the Bank Of England published 65 research papers, and it was back in 2015, that it first recognised the potential of blockchain. Mark Carney, the Bank Governor also reiterated recently that blockchain technology is an area of interest for the bank, and he believes that a national cryptocurrency ...
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| Cryptocurrency Laws Get Stringent after Ontario Securities Commission Receives Complaints The buying and selling of digital tokens on cryptocurrency exchanges may conflict with the security laws, according to Ontario's regulatory body. A spokesperson of the commission, Kristen Rose, informed news agencies that they are aware of several cryptocurrency trading platforms operating in Ontario, ...
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