Prices for cryptocurrencies such as bitcoin may never stabilize, and digital tokens risk simply becoming the equivalent of a pyramid scheme.
The Indian Tax Department is looking for investors who do not pay taxes on profits from digital currency transactions.
Cryptocurrency in Australia is officially legalized after the Australian Taxation Office voiced its dissatisfaction that the budget is being bypassed by tax revenues from transactions with bitcoin.
Developers active in the cryptocurrency world always know what aspects of a particular coin need to be improved. Although Bitcoin Cash has come a long way in just six months, it can be improved even further. Thus, this year two interesting proposals were presented.
According to the Wirex blog, very soon owners of Bitcoin wallets will have access to a personal bank account.
According to the South China Morning Post, the People's Republic of China's announcement to ban cryptocurrency trading turned out to be nothing more than a hacker ploy.
When assessing the status, the opacity of transactions with digital currencies and high volatility were taken into account. In addition, when forming the list itself, the insecurity of cryptocurrency was taken into account. After all, no one can deny the fact that exchanges are hacked very often.
Central banks should consider using digital currencies for cross-border payments to help reduce transaction time and costs, says a report by the Chinese Academy of Social Sciences (CASS) think tank.
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