Thailand Introduces Cryptocurrency Regulation and 15% Capital Gains Tax

Thailand Introduces Cryptocurrency Regulation and 15% Capital Gains Tax Thailand is looking to enforce its own version of regulation regarding cryptocurrencies. That is much easier said than done, as this new form of money doesn’t adhere to existing guidelines. As was to be expected, the new regulations on cryptocurrencies and ICOs are rather strong. In fact, anyone violating these laws…

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LedgerX Debuts First Bitcoin Savings Account Licensed By CFTC

LedgerX Debuts First Bitcoin Savings Account Licensed By CFTC Trading and clearing platform LedgerX has launched a new Bitcoin (BTC) savings product that is licensed by the US Commodities Future Trading Commission (CFTC), Forbes reported May 15. The savings product introduced by LedgerX is certified by a CFTC derivatives clearing organization (DCO) license and a swap execution facility (SEF) license. Juthica Chou, Chief Operating…

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World’s Fifth Largest Bank To Trial Own Cryptocurrency In 2019, Report Says

World’s Fifth Largest Bank To Trial Own Cryptocurrency In 2019, Report Says The banking unit of Japan’s Mitsubishi UFJ Financial Group (MUFG) plans to trial its own cryptocurrency as early as 2019, Cointelegraph Japan reports today, May 15. Cointelegraph Japan quotes local news media outlet NHK saying that a test phase of the cryptocurrency, known as MUFG Coin, could involve around 100,000…

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IBM Partners With Veridium Labs To Let Companies Track Carbon Footprint Via Blockchain

IBM Partners With Veridium Labs To Let Companies Track Carbon Footprint Via Blockchain IBM announced a partnership with Veridium Labs to tokenize carbon credits that will allow companies to track their carbon footprint with blockchain today, May 15, in press release shared with Cointelegraph. CEO and Veridium cofounder Todd Lemons said that the use of blockchain to measure…

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Circle Becomes ‘Bitcoin Unicorn’ with Bitmain-Backed Mega-Round

Circle Becomes ‘Bitcoin Unicorn’ with Bitmain-Backed Mega-Round The ‘bitcoin unicorn’ club now has another member. Announced Tuesday, Circle has closed a $110 million Series E fundraising, a figure that effectively values the startup at nearly $3 billion, according to figures from the company. Led by China-based mining outfit Bitmain, the round includes support from Accel,…

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Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch With digital currency gaining in popularity worldwide, additional mining operations and farms have started to appear despite looming bans on the practice. UNDERSTANDING THE BAN While many see bans on crypto mining as a hindrance to entrepreneurship and the crypto space, in actuality, it’s an effort to…

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Consensus 2018 Features ‘Lambos’ And Bankers Out of Business

Consensus 2018 Features ‘Lambos’ And Bankers Out of Business Blockchain Week New York City, the most important annual conference for the cryptocurrency and blockchain ecosystem, is including gimmicks outside the event, such as actors portraying struggling bankers protesting against Bitcoin and Lamborghinis renewing the success stereotype among digital currency investors. ‘Bankers’ Protests and ‘Lambos’ Outside…

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