Banking Agency Advises European Commission to Assess Common Crypto Approach

The European Banking Authority (EBA), a regulatory agency of the European Union, has published its assessment into the application of EU law to crypto assets. The agency, which is headquartered in London, recommends that the European Commission tables a response to the risks regulators associate with the field such as money laundering. Also Read: FBI Agents Raid Tech Campus Over Unauthorized Crypto Trading Crypto Activity Is Outside Scope of EU Banking Rules In the report released on Jan. 9, the EBA examines the application of current EU banking, payments, e-money…

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Bitcoin Goes on Sale in 2 French Tobacco Stores

News At least 24 tobacco shops have started selling bitcoin coupons in the French capital of Paris. Widely known as “tabacs”, the stores received regulatory approval for the cryptocurrency sales late last year. More than 6,500 tabacs – representing about a quarter of the registered tobacco stores in France – are expected to start offering BTC coupons by February. Also read: Report Claims Central Banks Are Cautious About Us suing Their Own Digital Currencies BTC Vouchers for 50, 100 and 250 Euros According to a Reuters report published Jan. 9 (which…

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KIM DOTCOM SAYS BUY CRYPTO! – FIAT WILL CRASH – CryptoCurrency News

Kim Dotcom wants you to buy cryptocurrency as he thinks fiat currency will crash 100%! Follow Us on Twitter: https://twitter.com/CryptoCoinNewz Join Our Telegram: https://t.me/ccncryptochat Business Email: officialcryptocoinnews@gmail.com I am not a professional financial adviser. All investments you make are of your own. Do your own research. All ICO Reviews are paid reviews and all opinions are our opinions. Do your own research! source

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The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Downsizes

In Wednesday’s edition of The Daily we cover a new feature that will allow Bitpay merchants to automatically diversify their settlements, a downsizing at Shapeshift that will see its team cut by a third, a show of commitment to the crypto industry by the government of Malta, and a new offering of BCH margin trading. Also Read: FBI Agents Raid Tech Campus Over Unauthorized Crypto Trading Bitpay Adds Multi-Coin Settlements Popular cryptocurrency payment processor Bitpay has introduced support for multi-coin settlements. The service added support for three stablecoins during 2018…

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EU Banking Authority Urges Bitcoin Law, What it Means For BTC

The European Banking Authority (EBA) has called for pan-EU rules on bitcoin and other crypto assets. The London-based regulatory agency reached the European Commission, which drafts EU legislation, with its official report on cryptocurrency laws. The report concluded that the assortment of different crypto laws across the European nations could lead to exploitation of investors and consumers alike. “Typically crypto-assets fall outside the scope of EU financial services regulation,” EBA said in the study. “Moreover, divergent approaches to the regulation of these activities are emerging across the EU. These factors…

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Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies

The Venezuelan government has published a decree requiring taxpayers with crypto operations in the country to pay their taxes in cryptocurrencies. Similarly, operators of foreign currencies must pay their taxes in those currencies. The decree states that the change is necessary for the “strengthening of the current fiscal regime.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Paying Taxes in Cryptocurrencies The Venezuelan government published the official gazette No. 6,420 dated Dec. 28 on Monday, local media reported. It contains Decree No. 3,719 which outlines new tax…

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Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies

An excessive number of regulatory agencies are interfering with the prospects of successful development of cryptocurrencies in Ukraine, according to a high-ranking representative of the country’s central bank. What the sector needs instead is proper regulations and laws that will allow it to grow, the banker insists. Also read: Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions NBU Official Urges Banks to Embrace Innovation National Bank of Ukraine Mikhail Vidyakin, who heads the important Strategies and Reforms Department at the National Bank of Ukraine (NBU), believes that the main issues…

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Data Suggests That Bitcoin Is Seeing Increasingly Bullish Sentiment

Although many investors and analysts alike were disappointed that Bitcoin and the overall cryptocurrency markets did not end 2018 on a high note, the markets may be seeing increasingly bullish sentiment from traders and investors alike, according to new data. If Bitcoin’s price does begin climbing as this data suggests, it is important that it decisively breaks through its next resistance levels, which one analyst believes currently exists around $5,000. Bitcoin Bullish Sentiment Growing  Joshua Frank, the cofounder of cryptocurrency analytics platform TheTIE.io, spoke to Forbes about the data regarding the…

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