The Russian government has prepared a memo on the law “On digital financial assets” that states the “exchange of cryptocurrencies for fiat money to the amount of 600,000 rubles (around $10,000) and more has to be subject to mandatory currency control,” Russian publication Izvestiya reports.
India virtually banned cryptocurrencies like bitcoin with the Reserve Bank of India barring regulated entities from providing services to any individual or business dealing in digital currencies.
While dramatic price swings of bitcoin and other cryptocurrencies are rattling the nerves of investors, a Moscow-based company has launched a hotline to help ease their anxiety over crypto market fluctuations.
Oleksandr Ivanov (aka cryptofan) is a crypto analyst, data scientist, and PhD candidate at University of Groningen. In his short research he applies the critical analysis of recent accusations that Tether supply has been manipulated in order to use pump-and-dump scheme on the price of Bitcoin.
Bitcoin is one of the hottest buzzwords right now. No matter where you look online somebody is talking about it. And being at record high-level prices, that makes a lot of sense! Although still a highly volatile market, cryptocurrencies are rapidly gaining in popularity.
Sweden-based bitcoin startup Bitrefill focused on topping up mobile phone accounts and selling gift cards has garnered some attention from the community in the recent months after implementing some innovative solutions.
November 25-26 Latvia’s capital of Riga hosted its first international bitcoin conference Baltic Honeybadger 2017.
Major Russian businessmen are interested in cryptocurrencies, while one tenth of the Forbes list invest in this new kind of financial tool.