Bitcoin may have lost 20 percent in 24 hours, but markets and the industry are increasingly relieved that China’s influence may soon be over. As traders come to terms with the latest Chinese regulator-induced crash, which is seeing Bitcoin drop to new recent lows of $3,080, new hope is surfacing that the country’s ban on
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National Internet Finance Association of China(NIFA) on Sept. 13 posted a notice on risk prevention and control of “Virtual Currencies”. On August 30 NIFA released a notice warning investors risks of ICOs and in the next few days, ICOs are defined as illegal fundraising and all ICO tokens are delisted from exchanges. What to expect
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Talk about investing in Bitcoin and the news of people becoming ‘bitcoinnaires’ are almost everywhere these days – newspapers, TV’s, radio, and the Internet. However, one thing is missing from these stories: the tax man. Yes, Virginia, Bitcoin is taxable The IRS began issuing guidance on taxation of Bitcoin in March 2014. At that time,
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On September 4th, China’s central bank together with six other departments released a public statement on regulation policies and warning the risks of ICO projects. As a responsible cryptocurrency exchange platform, ViaBTC (www.viabtc.com) has made a serious decision to carry out the spirits of the policy – we will officially close the website www.viabtc.com for
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Over the past week, bitcoiners everywhere have been focused on the speculative news of China ‘banning’ bitcoin and wondering if the stories were true. According to recent reports from local media and the country’s National Internet Finance Association (NIFA), bitcoin is not ‘illegal,’ but exchanges may face tighter regulatory supervision and might have to cease
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14 September, Shanghai-BTCChina, the longest-standing Bitcoin exchange in the world, announced closure of trading by 30 Sep, 2017. Today Viabtc, the new Shenzhen-based exchange, released a notice on trading closure as well. The market are waiting for news from OKCoin and Huobi anxiously to confirm the de-Chinalization of Bitcoin. BTCChina was founded in 2011 and
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