Author: Fintech Crypto News

Did India’s RBI just kill the competition to pave the way for the success of their own digital currency?

The Reserve Bank of India finally released a statement about the government’s views on cryptocurrency and crypto assets. The RBI issued a directive on Friday morning giving all RBI regulated organizations three months to cut all ties with individuals and entities that deal in cryptocurrencies and other crypto related projects. After the statement, the price of Bitcoin listed on Indian crypto exchanges crashed, presumably due to large selling. The price crashed from about Rs 500,000 to about Rs 340,400. In the same breath, however, the RBI also announced its own digital currency “While many central banks are still engaged...

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Is the blanket ban helping crypto companies?

As the ban on cryptocurrency ads continues to spread across most advertising giants like Google, Facebook and Twitter, industry leaders seem to believe that this move will actually help crypto markets. Since cryptocurrency ICOs are still largely unregulated, advertising helps even Ponzi schemes and scammers approach the general public, which gives the cryptocurrency industry a bad reputation. With the bans, these scammers will also not be allowed to dupe the public. In the bargain, though, even genuine crypto companies are not able to share their innovative products with the customer or market their ICO to interested crypto audiences. These...

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Review of Top Cryptocurrency Exchanges

Picking a cryptocurrency exchange can be hard. You want to make sure the exchange is secure, and will not charge you an excess of transaction fees. The number of cryptocurrencies the exchange supports is also important, so if you want to have a diverse portfolio, you will not have to create multiple accounts in different exchanges to do so. Below is FintechCryptoNews’ analysis of the top ICOs and how they stack up against each other. Let us know if we missed one out in the comments below so we can add it to our next analysis!...

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Thailand Passes Laws For Crypto Regulation

Thailand has announced its plan to regulate the cryptocurrency market to ensure that crypto investors do not evade tax, or are not using the anonymous nature of cryptocurrency transactions for money laundering or funding terrorism. Any digital-asset trades will not face a 7%value added tax on all trades, and 15% tax on capital gains. The law came after the cabinet approved a draft of a royal decree that was issued. The cabinet had already approved the draft on March 13th, but specifically defined the term ‘digital assets’ to cryptocurrency and digital tokens. Thailand’s finance minister, Apisak Tantivorawong  reported that...

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Down the Rabbit Hole of Cryptocurrencies

The cryptocurrency market can be quite strange and unnerving. There are coins for every industry imaginable, and then some. We review some of the strangest and most unheard of cryptocurrencies for you. Remember to always do your own research before you find yourself at the bottom of the rabbit hole. Read at your own risk!...

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