The USA, Asia and Russia
The course of the non-state and bank independent cryptocurrency Bitcoin Went in the last months and years ever new warnings before crashes further up. Yesterday, one of the digital coins cost 16 to 17 times 16,500 US dollars, the same as at the beginning of the year. Thus, the exchange value has reached a level that makes even the search for an old hard drive worthwhile on a gigantic dump – despite the risk that the digital coins contained on it may be unreadable (VGL The Bitcoin Treasure in the Garbage Mountain.).
Coinmarketcap has decided to aggregate Bitcoin, Ethereum, and all other approximately 1,300 existing cryptocurrencies that have crossed the threshold of US dollar market capitalization. The Consideration of the Documentation, The Digital Words, The State of the United States, The State of the United Kingdom
Cryptocurrencies in USA
Federal Reserve Commissioner Janet Yellen warns yesterday that bitcoin would be a “highly speculative form of investment” and “no stable investment” (see US Federal Reserve Chairman Yellen warns Bitcoin: “Highly speculative”). Shortly beforehand, the Chicago Board Options Exchange (CBOE) had a futures contract to ensure that the digital currency could also be traded on the traditional financial market. Starting friday, Interactive Brokers will offer against other bets against Bitcoin.
The US Federal Financial Supervisory Authority (SEC) has so far been causing a stir with the ban on the Astraleum currency MUN, as manufacturers believe it has turned into a security through an “explicit outlook on profit”. Otherwise, it largely overrides the regulation of digital currencies to the states. As part of financial services operating in New York City. The New York State Department of Financial Services (NYSDFS) has so far granted only three companies such a BitLicense. Compared to that crypto companies are welcome in the Caribbean without any restrictions. That’s why US citizens have to gamble on sites like on www.bestbitcoinbetting.com since at home it’s simply forbidden. Many foreign casinos don’t allow US citizens, but using a VPN easily solves the problem.
Cryptocurrencies in Russia
With regard to Bitcoin, Russia has caused a stir with reports from private actors – more precisely with a private actor: the alleged Btc-e chief Alexander V., who was arrested in Greece in the summer (see Greek court: alleged Bitcoin money launderer is now supposed to V. is alleged to have offered and used his cryptographic purse for professional money laundering and may have been involved in the bankruptcy of Mt.
In October, Russian Prime Minister Dmitry Medvedev diagnosed Bitcoin with a “need for political action.” He said he wanted “new regulatory standards” because of the “great risks” that the “cryptocurrency boom without clear provisions” holds into the digital world). In addition, the Kremlin wants to capture its citizens’ interest in non-bank payments with a “crypto-concealment” that is not open and decentralized but should be under the control of the Financial Regulator, the Central Bank and the Ministry of Finance. In this way, one wants to ensure that the taxes provided for it actually flow (see Russia considers introduction of Kryptorubels).
China and Japan
Although China is not yet the largest economy in the world, it is the most important bitcoin manufacturer, which is favored by its high computing power and relatively low electricity prices. In the autumn, the authorities put a damper on the willingness of companies and individuals to invest in the cryptocurrency by banning Initial Coin Offerings (ICOs) on the stock exchanges and closing trading platforms accused of helping to circumvent capital controls. New registrations are subject to stronger state supervision.
In Japan, the third largest economy in the world, although not as many Bitcoins are produced as in China – but for the acceptance of which is more advanced as a means of payment. Although the pseudonym “Satoshi Nakamoto” does not necessarily mean that a Japanese invented the currency, the land of the rising sun was involved in its dissemination right from the start. Formerly the world’s most important trading center Mt.Gox, which went bankrupt in 2014, has since been replaced by the Bitdecker-covered stock exchange. The more restrained regulation that they and the crypto-currency exchanges of the financial services provider SBI and the Monex Group are subject to, is also intended, according to the will of the government, to help Japan to further its pioneering role in this area.
Cryptocurrencies in South and North Korea
In neighboring South Korea, the Office for Coordinating Government Policy announced on Wednesday the plan to tax profits from digital currency trading in the future. The new regulation, which still needs to be approved by Parliament, also requires disclosure of all buying and selling prices, measures to protect investors and a ban on setting up accounts for minors (see South Korea wants to tax digital currencies.) Initial Coin Offerings The fact that the South Korean crypto currency exchanges, such as the Ethereum trading center Bithumb, are still booming, is also due to the fact that many Chinese have moved to Seoul.
According to the South Korean police, the crypto currency exchanges are exposed to computer attacks from North Korea aimed at capturing electronic coins. The background is that international sanctions, which have been tightened after North Korean missile and nuclear bomb tests, have increased the utility of anonymous electronic means of payment for the government in Pyongyang, which is why there is a greater need for digital money. Allegedly goes the so far “largest digital bank robbery”, in which last year digital coins in the value of at that time changed 81 million US dollar the owner, goes to the account of North Korean public actors.