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Japanese Bitcoin Exchange Shuts Down After $723M Stolen

“On both English and Japanese social media, Coincheck promised users it would provide full details in due course, while in the meantime apologizing for the abrupt cut to services. Notably, Coincheck is not registered with Japan’s Financial Services Authority – a regulator responsible for overseeing exchanges in the country – unlike several other prominent cryptocurrency exchanges, such as bitFlyer and Quoine.”

Jamie Dimon says he regrets calling bitcoin a fraud

“‘The blockchain is real,’ Dimon added in the interview. ‘You can have cryptodollars in yen and stuff like that. ICOs … you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people.'”

Alabama Committee Passes Bill to Help Encourage Use of Gold and Silver as Money

MONTGOMERY, Ala. (Jan. 24, 2018) – An Alabama House committee has passed a bill that would exempt the sale of gold and silver bullion from state sales and use tax, encouraging its use and taking the first step toward breaking the Federal Reserve’s monopoly on money. Rep. Ronald Johnson (R-Sylacauga) introduced House Bill 19 (HB19) earlier this…

Indian banks freeze major cryptocurrency exchange accounts

“Several major Indian banks have suspended the accounts of top Bitcoin exchanges in India. State Bank of India, Axis Bank, HDFC Bank, ICICI Bank, and Yes Bank cited suspicious payments in their decisions. The move comes after tax authorities sent notices to cryptocurrency investors warning that they must pay capital gains on their income from the virtual currency. For the few accounts still open, the banks have asked for more collateral, and have capped cash withdrawals.”

James Corbett: The Bitcoin Psyop

“Yes, the blockchain is truly revolutionary. Yes, bitcoin is Tulipmania 2.0. Yes, cryptocurrency is a nail in the coffin of the bankster parasites. Yes, digital currency is a tool of the totalitarian tyrants. No, these statements are not contradictory. But don’t worry if you think they are. You’re just a victim of ‘The Bitcoin Psyop.'”

South Korea Plans to Hit Bitcoin Exchanges With Massive Tax Bills

South Korean cryptocurrency exchanges will this year need to pay 22% corporate and 2.2% local income taxes on last year’s earnings by the end of March and April respectively, if they had an annual income of over 20 billion won ($18.8 million) during 2016.

The report suggested that the Bithumb exchange, for example, would need to pay around 60 billion won for its earnings during last year.

On Sunday, Yonhap quoted another official as saying cryptocurrency exchanges would soon be required to share users’ transaction data with banks—another move that would help the authorities collect tax.

South Korea’s ongoing cryptocurrency crackdown has been one of the prime causes of bitcoin’s recent volatility. Last month, the government instituted real-name policies for virtual-currency traders and banned investors from opening new accounts.

Belarus Legalizes Cryptocurrencies and ICOs – Tax-Free for Five Years

“The president of Belarus, Alexander Lukashenko, has signed a decree which legalizes cryptocurrencies, initial coin offerings (ICOs), and smart contracts. All crypto transactions and related income, including from mining, will be tax-free for the next five years. The decree creates unprecedented conditions for residents of the Belarusian High-Tech Park (HTP). Legal entities in HTP can attract investments by issuing their own ICO tokens as well as buying and selling them through crypto exchanges.”

Israeli Government Considering National Cryptocurrency

“Israel is considering offering a national cryptocurrency- a digital shekel – which would correspond in value to physical shekels. Additionally, the government is considering legislation that would substantially reduce the amount of physical cash in the economy. For example, one suggestion would be a law against paying wages in cash.”