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Frankfurt: ECB calls for tax on bitcoin

A top official at the European Central Bank (ECB) has called for governments to tax and regulate bitcoin as the official went on to label the cryptocurrency as an speculative object and an instrument for money laundering. Ewald Nowotny, head of Austria’s central bank and ECB governing council member,…


According to the Israel Securities Authority (ISA), Israel is considering to ban trading of companies whose core business revolves around bitcoin and various cryptocurrencies on the Tel Aviv Stock Exchange. The suggested amendment would prohibit listing shares issued by businesses that mainly own, invest…


The Singapore passport was ranked the second best in the list of the best passports in the world, allowing for visa free travel to 176 countries. Singapore has outperformed countries such as Denmark, Finland, France, Italy, Japan, Norway, Sweden and the United Kingdom, which ranked third in the rating.…


In an attempt to reduce the amount of investment going overseas, the National Development and Reform Commission has issued new rules for Chinese companies that wish to invest into real estate or acquire other companies. This is the last attempt to stop the withdrawal of capital from the country, due…


In Singapore, a few retailers and restaurants have started to participate in the cryptocurrencies world and are now accepting cryptocurrencies as a payment method or are looking into adapting to the cryptocurrencies rising market. For now, some business owners say accepting cryptocurrencies is more…


The State Administration of Foreign Exchange of China has issued new rules to tighten the annual limits that a person can withdraw from an ATM or pay with a Chinese Bank card. Currently there is a limit of 100,000 yuan and with the new rules, this limit will apply to each person regardless of how many…


The Monetary Authority of Singapore "MAS" has also realised of the great potential of blockchain and distributed ledger technology in different industries, especially in banking. The MAS has now started to work with the Association of Banks in Singapore to leverage the use of blockchain for record keeping…


According to Bloomberg, the Asia-Pacific region is in great demand among investors who receive dividend income. According to Australia's benchmark index, Singapore was in first place for this indicator among developed countries, carrying out almost universal dividend payments. Therefore, thanks to the…


Following the 1,500% surge of Bitcoin last year, it was only a matter of time that companies started fighting each other in order to enter the broad retail market of exchange-traded funds (ETFs) with cryptocurrencies. US SEC however is being difficult in allowing this and as a result, Fund Managers are…



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