Federal Reserve Governor Lael Brainard said the central bank is monitoring the “extreme volatility” of cryptocurrency prices, particularly bitcoin, but does not believe virtual currencies pose a current threat to U.S. financial stability. Continue reading Federal Reserve Governor says they are Monitoring Volatility of Cryptocurrencies
Thailand’s awaited tax framework for cryptocurrencies has been announced this week by the Thai Finance Minister, local news outlet Nikkei Asian Review reported Friday, March 30. Apisak Tantivorawong reported during a March 27 cabinet meeting that crypto trades will be taxed with a 7 percent value added tax (VAT), and returns taxed with a 15 percent capital gains tax. The first draft of the digital asset regulations, released March 14, showed that the expected tax ceiling for the digital gains crypto tax in Thailand was 15 percent. Continue reading Thai Finance Ministry Releases Tax Framework
Popular chat app Kik has unveiled plans to deploy its Kin tokens on both the Ethereum and Stellar blockchains, making it one of the first cryptocurrencies to feature bidirectional network support. Continue reading Kik Messenger to Launch Kin Token
During this week’s G20 summit in Buenos Aires, Argentina, France’s minister of Finance Bruno Le Maire highlighted the importance bitcoin and cryptocurrencies may have in the world’s economy. Le Maire pointed out that France, along with Germany, called for cryptocurrencies to placed on G20’s agenda. Continue reading Bruno Le Marie Highlights Importance of Cryptocurrencies
Looks like the recent urge put forward by the head of the International Monetary Fund (IMF), to round the globe regulators, asking to crack down on cryptocurrencies, as they hold the potential to be a “major new vehicle for money laundering and the financing of terrorism,” actually worked. Continue reading What led to the fall of Bitcoin?