Tag: cryptocurrencies
Spain’s Central Bank Governor Claims Cryptocurrencies Present ‘More Risks Than Benefits’
The Governor of Spain’s central bank has said that cryptocurrencies present ‘more risks than benefits,’ but believes in the potential of the blockchain. According to…
Survey: One in Five Finance Firms Are Considering Trading in Cryptocurrencies
One in five finance firms is thinking about trading cryptocurrencies in the next 12 months, according to a new survey by Thomson Reuters. The survey…
Philippines Insurance Company Issues Warning to Public About Cryptocurrencies
The Philippines Insurance Commission (IC) has become the latest to speak out against cryptocurrencies as it warns the public about the possible risks in using them.…
IMF Chief Says Bitcoin Tools Could Make Traditional Finance Function More Efficiently
The head of the International Monetary Fund (IMF) has said that the underlying technology of bitcoin and other digital currencies could make the finance system…
South Africa’s SARS to Apply Normal Income Tax Rules to Cryptocurrencies
The South African Reserve Service (SARS) has announced that it will be applying normal income tax rules to cryptocurrencies. In an announcement released by the…
Cryptocurrencies Aren’t in Any Competition with Fiat Currencies, Says SNB Member
A member of the Swiss National Bank Governing Board (SNB) has argued that cryptocurrencies aren’t in any competition with traditional fiat currencies. Andrea Maechler added,…
Survey: 40 Percent of Young South Korean Adults Are Willing to Invest in Cryptocurrencies
A new survey has found that 40 percent of young adults in South Korea are willing to invest in cryptocurrencies, highlighting the frenzy the market…
Two Former Crimean Government Employees Fined for Mining Cryptocurrencies at Work
Two former employees of the Crimean government office have been fined 30,000 rubles ($530) for illegally mining cryptocurrencies through the government’s computing network. In a report from…
Students Are Using Their Student Loans to Invest in Cryptocurrencies
A new survey has found that college students are using their student loans to purchase cryptocurrencies such as bitcoin as a way of getting involved…
