Month: September 2019

CryptoCurrency business is done in Uganda illegally

Uganda’s Minister of Finance, Planning and Economic Development Matia Kasaija has warned citizens against the use of CryptoCurrencies saying the government doesn’t reorganize any Crypto Currency as a legal tender.

The Minister who was addressing a Press Conference at the Uganda Media Centre in Kampala this morning said the government has not licensed any organization to sell cryptocurrencies and to facilitate the trade or exchange of cryptocurrencies.

“Unlike other owners of financial assets who are protected by the government of Uganda regulation, holders of cryptocurrencies in Uganda do not enjoy any consumer protection should they lose the value assigned to their holdings of cryptocurrencies,” said Kasaija.

A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions on a ledger that is typically publicly viewable.

A community guarantees the authenticity of the transactions in addition to the creation of additional units of the currency.

Read more at www.busiweek.com

25,000 Major Retail Stores to Accept Bitcoin in 2020

By early 2020, support for Bitcoin payments will be launched at over 25,000 sales points for 30 French retailers, including sportswear giant Decathlon and cosmetics store Sephora.

French crypto news outlet Cryptoglobe reported the development, announced during Paris Retail Week, on Sept. 24.

25,000 retailers to enter Economy 3.0 via Bitcoin

The new cryptocurrency payments system is launching via a partnership between point-of-sale technology provider Global POS, the EasyWallet application and payments platform Easy2Play.

While payments will be made in Bitcoin (BTC), funds will be automatically converted into euros at the moment of sale. 

Conversion services are to be provided by two partners, Deskoin and Savitar, both of whom are currently applying for Digital Asset Service Provider accreditations under France’s PACTE Act.

Alongside Decathlon and Sephora, well-known retailers signing on to the initiative include Boulanger, World House, Intersport, Cultura, Maisons du Monde and Norauto.

Stéphane Djiane, CEO and founder of Global POS, has given a statement proposing that:

“This is an important symbolic step in the evolution of payment methods in France. However, more than a symbol, what we bring to 25,000 outlets is the ability to safely enter the world of Economy 3.0.”

After Bitcoin, altcoins could be next

By enabling consumers to use their cryptocurrency holdings at physical retail locations within a legalized and regulated framework, the initiative aims to broaden adoption beyond the currently estimated 4 million French crypto owners. 

While Bitcoin remains the sole cryptocurrency on the cards for now, Dijane has indicated the platform intends to roll out support for altcoins in the future.

In January of this year, a handful of tobaccos shops in Paris started to sell Bitcoin, notwithstanding mixed messages from local regulators and the central bank.

Update: The original version of the article incorrectly included Foot Locker as one of the retailers, which was…

Read more at cointelegraph.com

What the Holy Land Reveals About Bitcoin

When hundreds of entrepreneurs, investors and technologists descended on Tel Aviv Blockchain Week (TLVBW), few could have expected a better backdrop for exploring the lofty ideals and greedy impulses that drive today’s cryptocurrency industry.

Duality is something Israelis know well.

More than 430 people attended the D&DD Summit on Sept. 10, several dozen came to the Scaling Bitcoin conference on Sept. 11 and 700 attended the first Israeli Ethereal on Sept. 15, just to name a few of the…

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Huobi announces launch of cryptocurrency exchange in Argentina

(Reuters) – Huobi Group, which runs one of the world’s largest cryptocurrency exchanges, announced on Tuesday the official launch of a digital asset exchange in Argentina.

Huobi Argentina plans to establish a local team and a fiat gateway to trade or convert the Argentine peso to cryptocurrency, the company said in a statement.

While users can currently purchase cryptocurrencies with the Argentine peso through Huobi’s over-the-counter service, Huobi Argentina will soon introduce a fiat gateway, estimated to launch around mid-October this year, said Huobi, which was founded in China but headquartered in Singapore.

With the Argentine peso gateway, users will be able to easily purchase cryptocurrencies via credit card, wire transfer, and through some of the most widely supported digital payment providers in the region such as Mercadopago.

Crisis-hit emerging…

Read more at www.reuters.com

Tunisia, last great hope of the Arab Spring, struggles to see benefit of democracy in presidential elections | World

It was a tranquil scene. A breeze blew in from the Mediterranean as locals and holidaymakers soaked up the sunshine on the promenades of this Tunisian coastal town.

On closer examination, things were not quite right. It was the middle of the working week but the cafes were packed with young Tunisians, who seemed to have nothing better to do.

Upstairs at one cafe, Ghada Belgacem was explaining why Tunisia — the supposed success story of the 2011 Arab Spring — was brimming with fury and disappointment ahead of the presidential elections today. “People are getting poorer,” she said. “People are frustrated with everyday life. We’ve tried to keep faith but the governments have failed us.”

Belgacem, 33, is one of Tunisia’s few female rappers.

Read more at www.thetimes.co.uk

RVN showcases artistic flair for fund-raiser – vet times

RVN showcases artistic flair for fund-raiser  vet times

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France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales

French economy minister Bruno Le Maire said on Sept. 12 that French authorities won’t tax crypto-to-crypto trades, but will tax when cryptocurrencies are sold for fiat currency.

Bloomberg Tax reported on Le Maire’s declarations on Sept. 12. Per the report he noted:

“We believe that the moment the gains are converted into traditional money is the right time to assess tax.”

Easier transaction tracking

The author of the report also explains that such an approach to taxing cryptocurrency…

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The Top Crypto Exchange? Is it Safe? Pros & Cons

Even if you’re yet to buy your first ever cryptocurrency, there’s a good chance that you’ve heard of Binance.

The Malta-based cryptocurrency exchange is often regarded as one of the largest platforms for daily trading volumes, not least because users have access to more than 540 individual crypto-to-crypto.

Moreover, with the exchange now increasing its scope for deposits and withdrawals via real-world fiat currency, it is likely that the platform will only continue to grow.

If you’re…

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Netherlands May Block Foreign Crypto Firms Under Anti-Money Laundering Laws

Cryptocurrency entities based outside of the Netherlands may get the boot under new crypto regulations.

Following up a report by CoinDesk on the DNB’s recent registry mandate for cryptocurrency companies, DNB spokesperson Tobias Oudejans said the current legislation before the Dutch House of Representatives will not only force domestic companies to register with the central bank but that foreign entities will also not be allowed to conduct services within the country.

Foreign entities…

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Two Crows Theatre offers off-season opportunities to APT actors | Arts and Theater

“Funding the first year was contributions from the community and a couple of really generous donors,” Doyle said. “Tickets from the first show helped pay for the second show.”

Last spring, Jim DeVita directed Truschinski, Doyle and Josh Krause in “Someone Who’ll Watch Over Me,” a drama by Frank McGuinness about three men being held captive by terrorists in Beirut. Recapping the season for Madison Magazine, Aaron Conklin noted that Doyle referred to Two Crows as “APT lite.”

“Two Crows is shaping up to be an additional creative outlet for some of APT’s leading lights who can act and direct in their own front yards during APT’s off-season instead of having to travel to Chicago and beyond,” Conklin wrote.

Truschinski agreed with this assessment.

“We have work at APT and around the country, but here we get to take different kinds of risks,” Truschinski said. “It’s an experimental space for us.”






Chris Klopatek played Crumpet the Elf in Two Crows Theatre Company’s production of “The Santaland Diaries” by David Sedaris, staged in December 2018. 




As Two Crows enters its second season, some…

Read more at madison.com

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