Category: Crypto

Buying Bitcoin With Cash Through LibertyX Is Not Anonymous

The concept of buying Bitcoin at retail stores is quite an appealing one, as it removes most of the friction associated with obtaining digital currency in the first place. While these services are limited to particular regions for the time being, buying Bitcoin for cash does not mean people will remain completely anonymous. LibertyX lets users buy BTC from over 19,000 stores in the US, but users will need to …
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247exchange expands to Canada and offers instant ways of buying bitcoin

Chances are that the 247exchange represents one of the most well-spread, but also quickest exchanges around, handling thousands of transactions on a daily basis. Recently, the exchange, managed by the InterMoney Exchange, a group of financial companies, has announced that they have expanded their services to Canada. Based on this, Canadians will now be able to freely purchase bitcoin and altcoin, without spending too much money and time. To make …
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Bank of America Developing Trade Finance Blockchain Pilot

Bank of America has been working on a prototype distributed ledger system to modernize trade finance. This project is another example of the bank’s effort to gain a foothold in the rapidly ballooning financial innovation movement. Bank of America also filed paperwork for 20 blocking patents at the start of 2016. According to an FT article, Jason Tiede, Head of Innovation for Global Transaction Services at the Bank of America, …
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Japanese Lawmakers Consider Exempting Bitcoin From Consumption Taxes

Japanese lawmakers recently proposed an amendment that would classify digital currencies as legal tender. However, the taxation of digital currencies in the country remains a thorny issue. According to a recent Nikkei Asian Review publication, Liberal Democratic Party member Tsukasa Akimoto, suggested that Japan must follow the example of other countries and make sure that digital currency transactions are not taxed excessively. Akimoto asked Finance Minister Taro Aso: “Can’t you …
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