A small self-drive rental firm in India has raised $10 mln in funds, accepts cryptocurrencies and is planning an ICO.
China would be well-served to study unintended consequences before making drastic changes to the marketplace
In the US, both the SEC and CFTC continue to assert jurisdiction over various aspects of the Bitcoin trade, though market action shrugs off attempts to regulate.
Blockchain analysis has been used by a UC Berkeley PhD candidate to identify sex trafficking rings, through the linking of Bitcoin payments made for online adult advertisements.
The IRS is actively seeking out tax evaders using Bitcoin, employing tools like Chainalysis to unmask them.
Austrac, Australia’s financial crime control agency, has alleged that the Commonwealth Bank of Australia had delayed or failed to report more than 50,000 cases of suspicious transactions of cash deposited through its automated cash deposit machines.
The recent rapid increase in the price of cryptocurrencies has resulted in many experts calling it a bubble and advising caution while investing.
Clients of Hargreaves Lansdown, Britain’s largest retail trading platform, can now invest in Bitcoin through Exchange Traded Notes (ETN). Taking Bitcoin exposure just got a lot easier for non tech-savvy investors.
After dropping to a low of 46%, Bitcoin market capitalization as a percentage of total cryptocurrency market cap is back over 50%.
Tax authorities across the globe have set their sights on Bitcoin traders as they reap windfall profits from the recent Bitcoin surge. Federal Board of Revenue in Pakistan has joined the game.