Vietnam bitcoin company Remitano will expand its bitcoin settlement services

Vietnam bitcoin company Remitano will expand its bitcoin settlement services Since the birth of bitcoin, has been the settlement by incredible interference. All over the world every year settlement industry for more than $500 billion is considered the world’s most expensive commodity. Remitano company has announced that it will in Asia to expand its business, … Continue reading “Vietnam bitcoin company Remitano will expand its bitcoin settlement services”

HSBC survey bitcoin still has a huge potential for growth

HSBC survey bitcoin still has a huge potential for growth     “The survey shows that HSBC initiated 13 days, most of the citizens still not heard the blockchain, only 41% of respondents said that familiar to support bitcoin technology. Bitcoin and block chain technology is still in the early stages of development According to … Continue reading “HSBC survey bitcoin still has a huge potential for growth”

Bitcoin price breakthrough pressure, a record high of the etheric Fang

Bitcoin price breakthrough pressure, a record high of the etheric Fang By the end of June 1, 2017 afternoon. According to the bitcoin trading network btctrade platform shows the current price of $16800 bitcoin. After yesterday’s opening currency price appeared upside trend, but did not break before the high pressure, then fell, fell below $2000. … Continue reading “Bitcoin price breakthrough pressure, a record high of the etheric Fang”

Experts said that in 2017 the price of bitcoin or will reach $3000!

Experts said that in 2017 the price of bitcoin or will reach $3000! VinnyLingham is a Civic.com service platform identity management co-founder and CEO. Yesterday, he published a blog post on 2017 to share their bitcoin development view and its price trend. In his view, the next year, currency price will achieve double or three … Continue reading “Experts said that in 2017 the price of bitcoin or will reach $3000!”

Indian tax authorities issue tax notifications to cryptocurrency investors

nBankruptcy comment: Sushil Chandra, chairman of the Central Directorate of the Central Directorate of Taxation, confirmed at the event on Tuesday that the agency has issued a tax notification to residents who did not include a cryptocurrency investment in their income tax returns. At the same time, it also expresses the obligation of taxation on … Continue reading “Indian tax authorities issue tax notifications to cryptocurrency investors”

India’s finance minister said the government wants to ban the use of cryptocurrencies locally

nBankruptcy comment: Although India is also one of the world’s major cryptocurrency markets, its government has long been unpopular with such new things and has repeatedly issued statements stressing its risks and harms. Recently, India’s finance minister again said in his speech that the government wants to prohibit the trading and use of cryptocurrencies in … Continue reading “India’s finance minister said the government wants to ban the use of cryptocurrencies locally”

Andhra Pradesh, India, a joint local fund to create a blockchain ecosystem

nRunaway Commentary: Andhra Pradesh, India, to implement blockchain ecology in partnership with local funds by implementing the Fintech Valley Vizag project, including the establishment of a blockchain university, the development of a blockchain stack, Velugu Core, The local innovation into a block chain innovation as the core innovation. Indian Prime Minister Modi’s support for blockchain … Continue reading “Andhra Pradesh, India, a joint local fund to create a blockchain ecosystem”

Indian cryptocurrency traders receive notification from tax authorities

nBankruptcy comment: The Indian tax department previously conducted a survey of the local major cryptocurrency exchange, followed by a notification to local traders asking them to provide details about the cryptocurrency investment and inform them of the tax liability. However, judging from the current situation, such measures do not seem to be cracking down on … Continue reading “Indian cryptocurrency traders receive notification from tax authorities”

Can India become the holy grail of cryptocurrencies mining?

nRunaway Comment: China has been the main concentration of cryptocurrency pools around the world, but many policy reasons have led to a shift away from many businesses. Bitmain, the bitcoin mining giant in China, went to Switzerland’s “Encrypted Valley,” while India also has some appeal for power costs and regional advantages. Only the Indian government … Continue reading “Can India become the holy grail of cryptocurrencies mining?”

A lawyer in India filed a lawsuit demanding that the government regulate the cryptocurrency

nBankruptcy commentary: The Indian government’s response to the situation of the local cryptocurrency appears to have been sluggish. Earlier, people have called for government regulation of bitcoin, but so far no significant progress has been made. Recently, a lawyer in India, in order to emphasize the urgency of conducting cryptocurrencies supervision, has submitted a public … Continue reading “A lawyer in India filed a lawsuit demanding that the government regulate the cryptocurrency”

The Indian bitcoin exchange requires the government to clarify its tax obligations

nBankruptcy comment: India’s tax authorities have previously conducted a survey of local bitcoin exchanges, hoping to collect sufficient information to tax in this area. However, the applicability of the Indian tax code to cryptocurrencies is unclear, leaving some exchanges worried. They have submitted their applications to the relevant departments and hope the government can give … Continue reading “The Indian bitcoin exchange requires the government to clarify its tax obligations”

Indian government think tank pilot blockchain verification

nRunaway Comment: Although the Indian government has always been skeptical of cryptocurrency, but it is still very optimistic about blockchain technology. So far, Indian government policy makers and local governments such as Andhra Pradesh are exploring the potential applications of blockchain technology in many areas. More recently, however, the National Institute of Reconstruction (NITI Aayog) … Continue reading “Indian government think tank pilot blockchain verification”

Forbes: Indian blockchain revolution out of the banking sector, extending to land records and private sector

nRunaway Comment: With the popularity of India’s digital, blockchain technology has been the favorite of many people. Now that blockchain technology continues to be supported by Indian banks, state governments and private-sector companies are also increasingly exploring the blockchain to help improve governance, improve business process efficiency and ensure transparency. The country’s strong propensity to … Continue reading “Forbes: Indian blockchain revolution out of the banking sector, extending to land records and private sector”

Indian tax authorities will investigate the full wealth of bitcoin speculators

nWalkout commentary: Last week, we have learned that the Indian tax authorities began to seek tax revenue on bitcoin. Currently, according to the latest news, its tax department’s investigation of Bitcoin speculators is not limited to cryptocurrencies, but will include other assets it may have acquired through such gains. This means that all assets of … Continue reading “Indian tax authorities will investigate the full wealth of bitcoin speculators”

Indian tax authorities send tax notifications to 500,000 Bitcoin traders

nRunaway Comment: Although the Indian regulators have not yet clear the management rules and guidance for the cryptocurrency industry, but the relevant government departments have indeed conducted more investigations, from their own point of view of management. At present, the Indian income tax department has started to send tax advice to some 500,000 Bitcoin traders … Continue reading “Indian tax authorities send tax notifications to 500,000 Bitcoin traders”

Indian tax authorities collect user data across multiple Bitcoin exchanges

nRunaway Comment: Indian income tax authorities visit nine cryptocurrencies in Delhi, Hyderabad, Bangalore, Cochin and Pune to confirm user identities. Collect digital currency investor identities, transactions, bank accounts, emails, and more, especially those with high net worth. And now the Indian government does not recognize its legal currency status.nnTranslation: Annie_XunIndia’s income tax department visited a … Continue reading “Indian tax authorities collect user data across multiple Bitcoin exchanges”

Indian tax investigators raid the Bitcoin exchange

nRunaway Comment: Bitcoin transaction prices soared, causing government regulatory attention. In addition to speeding up the legislative process, the Indian tax department conducted a search of bitcoin exchanges under section 133A of the Indian Income Tax Act, “Relevant evidence used to collect evidence, identify investors and traders, their transactions, their counterparties, Bank account, etc. ” … Continue reading “Indian tax investigators raid the Bitcoin exchange”

Indian bitcoin investors may be taxed

nRunaway Commentary: Earlier this month, the Reserve Bank of India (RBI) once again issued a warning about Bitcoin transaction, careful to remind the public digital currency (especially bitcoin) the potential economic, financial, operational, legal, customer protection and security-related risk. Affected by this, the domestic bitcoin investors in India have started selling Bitcoin. Investors later found … Continue reading “Indian bitcoin investors may be taxed”

India’s central bank sounded bitcoin alarm again

nBankruptcy comment: Although the Indian government has not clearly demonstrated its attitude towards cryptocurrencies, but its central bank is really concerned about this area, recently again against the use of bitcoins, holdings and transactions raised a warning. Despite the news that Indian government agencies are already in the process of developing a regulatory framework for … Continue reading “India’s central bank sounded bitcoin alarm again”

India’s central bank to study “legal encryption currency” as a digital rupee

nnnThe Indian government plans to fully realize the digital economy transition, the use of digital currency instead of the rupee. The central bank said block-chain technology can lay the foundation for this goal, so pay close attention to and study the impact of block-chain technology. But while the central bank wants to issue a block-based … Continue reading “India’s central bank to study “legal encryption currency” as a digital rupee”