South African Tito Mboweni Clarifies About Tax Amendments And Crypto Task Force

This new group will maintain the research relating potentials of crypto and blockchain. They are in charge to specifically look into how to tax crypto activity. Tito Mboweni, the finance minister replies back to a parliamentary question. They are looking to develop cohesive governmental feedback to cryptocurrencies along with a […]

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Cryptocurrency regulatory working group to be set up by South African government

The South African government has recently announced that they will be taking a more concrete and decisive approach to the concept of cryptocurrencies such as Bitcoin Cash [BCH] and Ethereum [ETH], according to a letter by Tito Mboweni, the Minister of Finance of South Africa. The official also stated that […]

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South Korea: Authorities Nab Nine People for Dealing Drugs Using DarkCoin Cryptocurrency | BTCMANAGER

According to a report published by Finance Magnates, on December 25, 2018, South Korean authorities have arrested nine cybercriminals for orchestrating drug deals using cryptocurrencies.  Execute Illegal Transactions with DarkCoin On December 23, 2018, the Seoul Central District Prosecutors’ Office stated that the criminals arrested used the darknet and even […]

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South Korea: Kakao and Terra Partner to Create Blockchain Ecosystem, dApps, and Stablecoins | BTCMANAGER

Kakao, South Korea’s largest mobile carrier, has signed a partnership with stablecoin project Terra to collaborate on a blockchain-based payments system, reported Korea Times on November 15, 2018. Kakao and Terra Partnership Kakao’s native blockchain platform “Klaytn” is a highly-scalable protocol with average block times of one second and the […]

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Crypto Regulation Roundup: More Cryptocurrency Control Urged in South Korea and Thailand, France Plans to Ease Crypto Taxes | BTCMANAGER

South Korea’s lawyers have lobbied the government to establish a better legal framework around blockchain that would help develop the industry and protect investors. More regulation was also urged in Thailand, where on November 7, 2018, the Deputy Prime Minister has called for more measures to control cryptocurrencies and prevent […]

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AMD GPU Sales Go South as the Demand for Cryptocurrency Mining Units Plummets | BTCMANAGER

According to its quarterly financial results report, the American semiconductor manufacturer company AMD had almost negligible sales of blockchain-related graphics processing units in Q3 of 2018. The financial report was published on October 24, 2018. Financial Figures in the Report Per the report, AMD’s revenue for Q3 of 2018 rose […]

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South Korean Crypto Exchange Bithumb Launches a Decentralized Exchange | BTCMANAGER

On October 15,  2018, South Korean cryptocurrency exchange Bithumb announced they are launching their first official decentralized exchange, dubbed Bithumb DEX. The Korean crypto giant Bithumb is said to leverage OneRoot R1 protocol to increase the overall efficiency of the decentralized exchange. The Era of Decentralized Exchanges The noteworthy crypto […]

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