Weekly News | South Korea, 20% tax, Novogratz: Tesla shares are like Bitcoin, Davos 2020, Pound, SEC, Bitcoin, Ethereum, XRP

We have prepared a brief overview of the most important news for this week.

 

You can watch current cryptocurrency prices – here

 

News 20.01. – 26.01.20

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Cryptocurrencies

 

• Libra development continues according to plans despite problems with regulators

• Winklevoss: In five years, the millennials will dominate the labor market and want Bitcoin

• Bitpay allows you to purchase Amazon gift vouchers for XRP

• Venezuela opens a crypto casino to support the state cryptocurrency Petro

• DigixDAO will return funds from ICO 2016 to investors

• Vodafone leaves Libra Association and develops its own digital payment service

• AliPay partner integrated RippleNet for cross-border payments

• Novogratz: Tesla shares are like Bitcoin

• Venezuelans sell Petro at LocalBitcoins at half price

• Pornhub adds USDT payments through TRON wallet

• Andra Capital and Tezos want to release Silicon Valley Token

• Tom Lee still believes 2020 will be a good year for the BTC

• Peter Schiff claims that anyone investing in BTC now will suffer losses

• Elon Musk: Crypto will be the bridge between legal and illegal payments

 

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State cryptocurrencies , Stablecoins

 

• CEO Circle: Stablecoins need open standards

 

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Regulations

 

• South Korea is considering introducing a 20% income tax on cryptocurrencies

• The US Congress will discuss a bill to exempt small cryptotransactions from taxation

• UK regulator wants to track transactions in BTC, ETH and XRP

• India has decided that cryptocurrencies are not illegal in the country

• The US SEC has brought another ICO to court

• The Liechtenstein regulator approved a real estate fund based on Ethereum

 

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Crypto exchanges / Banks

 

• Poloniex has another problem, published partial emails of winners of his contest

• Bitfinex now allows you to manage up to 100 accounts from one master account

• Huobi announced the launch of a new digital platform Huobi Brokerage

• The Grayscale Bitcoin Trust is licensed by the US SEC

• BitMex adds XRP Swaps and delists two derivatives

• Gemini has been certified by Deloitte for the second level of security called SOC 2

 

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Blockchain / Technology

 

• In Davos, the World Economic Forum and the Blockchain Economic Forum began

• OECD has set up an expert group on the promotion and adoption of DLT

• The Singapore government has formed an alliance with companies like Mitsubishi and Mastercard for adopting digital technologies

• Davos 2020: Updates from the World Economic Forum

 

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News of the Week

 

South Korea is considering introducing a 20% income tax on cryptocurrencies

According to a report published in the local newspaper The Korea Times on January 20, the ministry reportedly ordered a review of the taxation of cryptocurrencies. The Korea Times quoted an anonymous official who reportedly said the ministry had not completed its plan, but noted that the government could impose a 20% tax on crypto revenue. The news on the proposed rate follows news earlier this month that South Korea is preparing a tax regime for profits from cryptocurrency trading.

 

Bitfinex now allows you to manage up to 100 accounts from one master account

Bitfinex has added a new feature to its platform that allows institutional merchants to create up to 100 subaccounts per master account. The “subaccount” function has been enabled due to increasing institutional demand, Bitfinex said and adding that it will allow users to deploy different business strategies simultaneously. Bitfinex is not the only one cryptoexchange that offers this feature. Binance offers up to 200 subaccounts from December 2018. Gemini also recently introduced this feature with an “unlimited” number of subaccounts.

 

Davos 2020: Updates from the World Economic Forum

 

• Shares are more expensive than ever since 2002, but the world business elite does not seem to care! Bitcoin and cryptocurrencies can be a solution to the transition from equities to a relatively new, unexplored market.

 

• Blackstone CEO says businesses need to deal with climate change.

 

• A week after the US and China reached a ceasefire in their trade war, they blamed themselves on the world scene this week. European politicians say they are ready to defend and retaliate against any US tariffs after President Trump announced a new trade war against Europe in his global fight for trade. Bitcoin reacted massively this week, losing nearly $ 1,000.

 

• Italy and Britain will face US tariffs if they continue taxing digital companies such as Google and Facebook, US Treasury Secretary Steven Mnuchin warned.