Today is the 1st of April, and again, a lot of exciting news and events are taking place in the cryptocurrency-world! And as always, I'm going to be covering the most important stuff that's going on.
This is a part of my Daily Cryptocurrency News-series. For more check out my Steemit and Youtube.
Top Cryptocurrency Newstories For Today
These are in a completely random order
1- Russia Starting To Use Blockchain
Russia has announced that they've got some plans to start using blockchain in the future! Way to go Russia!
They've released an announcement that they're planning to use blockchain to secure the next presidential election voting. Blockchain technology will provide protection against the rigging of votes and hacking. It will also be convenient for the citizens.
Again; "if you can't beat them, join them!" This is my new motto when it comes to cryptocurrencies lol...
Read more
2- Thailand Releases Final Version Of Crypto Tax Framework
Thailand's Finance Minister has finally announced the long-awaited tax framework for cryptocurrencies on March 31st.
Apisak Tantivorawong said that, now, crypto trades will be taxed with a 7 percent value added tax (VAT), and the profits from cryptocurrencies will be taxed with a 15 percent capital gains tax.
According to Nikkei Asia Review, the new regulations have been designed to “prevent the expanding crypto sector from being used for money laundering, tax evasion, and other criminal activities.”
Read more
3- Kazakhstan May Ban Cryptocurrencies
Daniyar Akishev, chairman of Kazakhstan National Bank, has been interviewed about cryptocurrencies. In the interview, he said that Kazakhstan’s National Bank is considering banning cryptocurrency use, exchanges, and mining because "virtual currencies are an ideal vehicle for fraud, money-laundering, and tax evasion."
He even continued; “We want to ban the exchange of digital currencies for the national currency. We want to prohibit the stock exchange’s activities in this area, as well as every type of mining.”
And according to Akishev, all of this is done to protect its citizens from scams and fraud. He also admitted that regulators can’t control if Kazakhstanis trade cryptocurrencies in cross-border transactions, but it can ban crypto mining within the Central Asian country’s borders.
Read more
4-South Korean Regulators To Release Crypto Tax Framework
South Korea has been known for their want to regulate cryptocurrencies. Nobody really has a clear vision of how far they're going to take the regulations, but if one thing has been made clear, it's that fact that regulations are coming.
Now, South Korea’s Ministry of Strategy and Finance has announced that they'll release a taxation framework for cryptocurrencies by the end of June.
Read more
Biggest Events Taking Place In Tomorrow
2nd of April
1- NEO (NEO): National Blockchain Event
The 1st National Blockchain Workshop will be conducted between 2-3 of April 2018 in Ankara, Turkey.
Source
2- Sugar Exchange (SGR): New Website & Whitepaper
Sugar Exchange is releasing a new website and whitepaper on 2nd of April.
Source
3- Network Token (NTWK): Whitepaper Release
Network Token is releasing their whitepaper on 2nd of April.
Source
4- Lisk (LSK): Meetup
Lisk is hosting a community meetup on 2nd of April at Geekdom Event Center, San Antonio.
Source
Top Gainers Of The Day
These are the top gainers of the cryptos ranked as 1-100 on CoinMarketCap
Top Gainers Of The Day
These are the top gainers of the cryptos ranked as 101-200 on CoinMarketCap
Top Losers Of The Day
These are the top losers of the cryptos ranked as 1-100 on CoinMarketCap
Top Losers Of The Day
These are the top losers of the cryptos ranked as 101-200 on CoinMarketCap
That's it!
#FUDSunday! How about that...
I'm not even talking about the situation in Thailand and South-Korea! Their government just wants to regulate cryptocurrencies a little bit, which is understandable, but Kazakstan... What the f*ck are you doing :D?
Akishev literally admitted that they can't control the trading of cryptocurrencies if Kazakhstanis trade cryptocurrencies in cross-border transactions. Still, he is being stubborn and wants to COMPLETELY BAN trading and mining in Kazakstan... What does he think he will accomplish with that?
What do you think about this? Is he "protecting the country's citizens", or is he just being stubborn?
Other Posts You Should Check Out!
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I really hope you'll have a great and a productive day :)! Keep working hard, chasing your dreams, and the results will come!
Peace!