Most recently, the central bank exchanges Nigeria doubled down on on cryptocurrency payments. Turkey bans crpyto payments Most enforcement arrested seven people for currency and protect investors.
Nikkei Inc. The Bottom Line. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. On 22 September , the Monetary Authority of Singapore MAS warned users of the risks associated with using bitcoin stating "If bitcoin ceases to operate, there may not be an identifiable party responsible for refunding their monies or for them to seek recourse" [] and in December stated "Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene" [] In January , the Inland Revenue Authority of Singapore issued a series of tax guidelines according to which bitcoin transactions may be treated as a barter exchange if it is used as a payment method for real goods and services. Price Waterhouse Coopers PwC created a report on global cryptocurrency regulation.
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