by supriya saxena | Nov 30, 2019 | Uncategorized
South African Reserve Bank plans to implement new rules to stop cryptos help evade tax controls. While currency controls is a broad term, the statement is more pertinent to foreign exchange control. Rules To Be Applicable from Q1 2020 South African Reserve Bank is all...
by supriya saxena | Nov 29, 2019 | Uncategorized
Traditional finance and cryptocurrencies have finally found a connection. As per recent reports, starting 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and Ethereum and also provide custody solutions. Bill Awaits Consensus of 16...
by supriya saxena | Nov 29, 2019 | Uncategorized
Post the announcement of IDAX withdrawal channel congestion on the 24th of November, access to all cold wallets and any deposit/withdrawals has been restricted. If speculations are to be believed the backlog of withdrawals is likely due to company’s decision to...
by supriya saxena | Nov 28, 2019 | Uncategorized
With news of Upbit exchange hack doing rounds, there is yet another twist to the whole Saga. Jeff Paik, CEO at Finector has thrown light on the fact that how this case can be one of the instances of crypto exchanges hacking themselves to avoid taxes. The Case of...
by supriya saxena | Nov 27, 2019 | Uncategorized
In a recent development, Upbit has notified users of the theft of 342,000 Ether (ETH) from its hot wallet. Furthermore, the incident has been confirmed in an official statement by the CEO of Upbit’s operator, Dunamu. Losses Will Be Covered by Corporate...