South Korean Court Rules Bitcoin Has Economic Value

A South Korean court has ruled that bitcoin has an economic value for the first time. This overturned an earlier court ruling which did not recognize the digital currency. The case involves the confiscation of

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Russia Developing System to Identify Crypto Miners but Considers Tax Break

A representative of the Ministry of Energy attended the meeting held by the Ministry of Communications to discuss Russia’s mining regulation last week. “So far no one has been able to explain why” there should

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Bill Submitted to Make Cryptoruble Legal Tender in Russia

A bill has been submitted to the Russian parliament to make the country’s national “cryptocurrency,” the cryptoruble, legal tender in Russia. This bill was introduced as the finance ministry published a different bill for the regulation

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Growing Number of South Korean Crypto Exchanges Participate in Self-Regulation

The number of cryptocurrency exchanges participating in self-regulation has nearly doubled in South Korea. The crypto self-regulation efforts are led by the Korean Blockchain Association which has recently launched with 66 members. The association also

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Russia Finalizes Federal Law on Cryptocurrency Regulation

  The Russian government is in the process of finalizing the federal law for the regulation of cryptocurrencies and initial coin offerings. The draft law has now been officially published. It regulates the creation, issuance,

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South Korean Prime Minister Imposes Crypto Code of Conduct on Government Officials

  The South Korean prime minister has ordered a new code of conduct to be prepared and implemented specifically to address the actions of government employees regarding cryptocurrency regulations. This follows the recent case of

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PR: GymCoin Announces First Fitness ICO That Allows Digital Currency to Be Accepted at Gyms Worldwide

  This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Coin Scenario.com does not endorse nor support this product/service. Coin Scenario.com is not responsible

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Indian Crypto Traders Getting Notices From Tax Authority Due to Unreported Investments

The Indian tax authority has sent notices to cryptocurrency investors after discovering that some crypto investments are not reflected on tax returns. The government conducted a survey of crypto trading at the country’s 9 exchanges

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US Regulator Sues Three Companies For Cryptocurrency Fraud

The U.S. Commodity Futures Trading Commission has filed charges against three separate companies for engaging in fraudulent schemes involving cryptocurrencies. The cases include fraud and misappropriation of bitcoin and litecoin. Also read: Litecoin Price Peaks Above

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Korean Lawmaker Shows Evidence Government Embargo Led to Market Manipulation

  A South Korean lawmaker has shown how the government’s announcement policy enabled market manipulation last week following the news of possible cryptocurrency trading shutdown. According to his evidence, reporters and officials had 40 minutes

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