Banking Agency Advises European Commission to Assess Common Crypto Approach

January 9th, 2019

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. Crypto Activity Is…

Bitcoin Goes on Sale in 24 French Tobacco Stores

January 9th, 2019

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…

Jason Cox Extends Open Invitation for Assistance With Development and Review of Bitcoin Cash Code

January 9th, 2019

BCH developer conversations have been taking place ahead of the upcoming May 2019 upgrade. In their latest video meeting, devs agreed that they need to know how much BCH is locked up in p2sh segwit addresses. It was also agreed that Andrea Suisani will take charge of the byte transaction size limit and Mark Lundeberg…

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

January 9th, 2019

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….

Thailand Issues 4 Cryptocurrency Licenses, Rejects 2 Exchanges

January 9th, 2019

Thailand has officially granted licenses to three cryptocurrency exchanges and one broker-dealer. Two exchanges have been rejected and one is still being reviewed. These seven companies have been temporarily allowed to operate in the country. Two of them will now begin closing down their businesses. Four Crypto Licenses Granted The Thai Securities and Exchange Commission…

Developer Releases Cash-DB, a Terab Project Fork for the BCH Network

January 9th, 2019

On Jan. 7, the technician and researcher Joannes Vermorel announced the release of a new project called Cash-DB, a forked repository for the BCH network which consists of Vermorel’s original Terab Project work. According to the engineer, Cash-DB is a high-performance backend storage protocol for the Bitcoin Cash network’s UTXO set. Vermorel Claims ‘Cash-DB Can…

Venezuela Decrees Crypto Operators Must Pay Taxes in Cryptocurrencies

January 9th, 2019

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.” Paying Taxes in Cryptocurrencies The Venezuelan…

Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies

January 9th, 2019

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. NBU Official Urges Banks to Embrace Innovation National…

Review: Wasabi’s Privacy-Focused BTC Wallet Aims to Make Bitcoin Fungible Again

January 9th, 2019

Privacy is relative, but by many people’s reckoning, bitcoin could use greater anonymity. The Bitcoin Core protocol hasn’t changed much over the past decade, but the tools used to forensically inspect it have. In a bid to reclaim some of that eroding privacy, a number of fungibility-enhancing tools have been released by open source developers….

Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies

January 8th, 2019

The Bank of International Settlements (BIS) has published a survey showing that most central banks are “proceeding cautiously” on issuing their own digital currencies. Only a handful are planning to do so in the near future, it said. 70 Percent of Central Banks Working Towards Own Digital Money Swiss-based BIS dubbed the central bank of…