As cryptocurrencies continue to gain prevalence, countries around the world are forced to develop new tax frameworks. Following suit, Thailand has recently released its own framework. Thai Finance Minister, Apisak Tantivorawong, announced the updates on March 27. Following a cabinet meeting, it was revealed by Mr. Tantivorawong that all cryptocurrency…
40 posts tagged
Government Regulation
Bitcoin, Ethereum, and all other altcoin cryptocurrencies follow varying government regulation around the world. 99 Crypto reports on regulatory cryptocurrency news as it unfolds.
Chinese Government Tightens Control On Cryptocurrency: Keeps Economy Strong
In an effort to protect the yuan (RMB), the People's Bank of China said it will apply strict measures to cryptocurrencies. And while the statement published on the Chinese central bank's website March 29 offered no specifics on policies against either crypto, virtual or digital currencies, the deputy director of…
The Cryptocurrency Ban in South Korea: How and Why
Cryptocurrency has been gaining in popularity in recent years both as a means of exchange and as a financial investment. A cryptocurrency is a digital currency that is entirely independent of any central bank. The currency employs encryption techniques to generate and regulate the units of currency and to verify…
Research Suggests Blockchain Can be Applied to Elections, Product Reviews and Fraud Prevention
Does decentralization influence the economy? This controversial topic has elicited discussions with online communities as well as different media outlets. Why? Decentralization has been successful for Bitcoin and its ups and down throughout 2017. Payment processing machines are worried their traditions will be overthrown. These companies have enjoyed monopolies and…
SEC's New Cyber Unit Seeks Out ICO Scams
Initial coin offerings are the current way to make money and get rich. A new part of the Securities and Exchange Commission (Cyber Unit) has been developed to investigate and prosecute ICOs. The first charges from the SEC targeted a scam that raised $15 million from thousands of investors with…
Futures Go-live as Bitcoin Prices near $17,000
The world’s largest future exchange, CBOE, launched a Bitcoin future product recently. So far, so good for Bitcoin: the current price is $16,938, states CoinMarketCap. This is up approximately 23% in the last 24 hours. Bitcoin is currently caped at $283 billion. In the first 2 hours, CBOE…