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Archive for March 2018

Cambodia's Crypto Industry Marches Forward Despite Legal Grey Area

Emerging Markets Cambodia’s cryptocurrency sector appears to be marching forward, despite the absence of clear regulatory guidelines pertaining to virtual currencies.  Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018 Regulatory Ambiguity Fails to Deter Cambodia’s Cryptocurrency Sector A report published by The Phnom Penh Post suggests that Cambodia’s virtual currency industry is…

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IBM Evolution: Big Blue Is Finally Getting Serious About Cryptocurrency

It wasn’t long ago that your average enterprise wouldn’t even mention bitcoin, ethereum, or any number of cryptocurrencies in public. Instead of using the cryptographically secure tokens to streamline workflows – or even talking about doing so – some of the most recognizable enterprises in blockchain have largely confined themselves to uses of blockchain as a new decentralized…

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End of Month Roundup: Cryptocurrency Winners and Losers in March

Top performing cryptocurrencies in March were Tron and Binance Coin. The biggest losers were Neo, Ethereum and Cardano.  Another month has passed in crypto land and it is time to review the winners and losers over the past 31 days. March has been a pretty tumultuous month for cryptocurrency markets with a new low for…

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New ESMA Measures Impose 2:1 Restriction on Leverage for Crypto CFDs

Regulation The European Securities and Markets Authority (ESMA) has announced that it will impose restrictions on the leverage offered for contracts-for-difference (CFDs) and binary options offered to European retail investors. Under the new measures, the leverage offered on cryptocurrency CFDs will be limited to no more than 2:1. Also Read: PBOC to Strengthen…

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Russians Owe 13% Tax on Their Crypto Incomes – Bitcoin News

Taxes Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains…

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FBI Publishes PSA About Tech Support Fraud Targeting Cryptocurrency Holders

The FBI’s Internet Crime Complaint Center (IC3) has published a public service announcement on March 28 warning about the prevalence of scammers posing as tech support for a variety of industries, including the cryptocurrency sector. The announcement defines tech support fraud as a “criminal claiming to provide customer, security, or technical support in an effort to defraud unwitting…

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