Month: December 2019

Ravencoin Joins the Ranks of 150+ Exchangeable Cryptos on Changelly.com

Ravencoin (RVN), a peer-to-peer blockchain asset designed to manage efficient creation and transfer of assets from one party to another, has been listed on the instant cryptocurrency exchange service Changelly. As a result of this listing, RVN coin is now available for quick crypto swaps from and into the 150+ top cryptocurrencies already offered on the Changelly platform. In addition to carrying out crypto-to-crypto exchanges, Changelly users can now purchase Ravencoin with a bank card for…

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Crypto Firms Can Now Apply for a License in France

France’s top financial regulator has published new rules regarding the licensing of digital asset service providers (DASPs) as well as guidelines for firms applying for the non-mandatory license and informing the regulator about internal cybersecurity practices.

The Autorité des marchés financiers (AMF) or Financial Markets Authority released the rules on Wednesday and the guidelines on Thursday last week, opening up the opportunity for firms to apply. The rules and guidelines expand upon…

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Crypto Exchange CoinEx Secures Operating License in Estonia

Press release content from Business Wire. The AP news staff was not involved in its creation.

HONG KONG–(BUSINESS WIRE)–Dec 20, 2019–

CoinEx, a global and professional cryptocurrency exchange service provider, is pleased to announce that it has successfully received the operating license from the Estonian Financial Intelligence Unit (FIU).

CoinEx is now a fully regulated cryptocurrency exchange…

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Cryptocurrency license Estonia – Changes in 2020

On December 12, 2019, the Estonian parliament approved a law that applies to companies providing virtual currency wallet service or exchanging virtual currency against fiat currency.

Companies that have licenses issued must implement new procedures by July 1, 2020. Otherwise,…

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Ravencoin Price Analysis – No Positive Moves on the Horizon for RVN

Ravencoin price: $0.021
Key RVN resistance levels: $0.25, $0.28, $0.32
Key RVN support levels: $0.02, $0.018, $0.016

*Price at the time of writing


Ravencoin price long-term prediction: Bearish

The Ravencoin market continues to display signs of weakness as the price action remains tight in a channel pattern. Following a major retracement earlier this month, RVN resumed a downward trend after a third rejection at the channel’s resistance. Against Bitcoin, the token is…

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Grin and Beam are Exploding 70% Gains

Grin and Beam, two revolutionary anonymous Mimblewimble based cryptocurrencies recorded significant gains over the last 24 hours. This is coming after the Grin coin dropped massively, losing 98% of its price value during its first trading day on Jan 17.

Grin entered the trading arena on Jan 16 at about 10 pm UTC with a high price of $261 per coin against the US dollar but dropped to as low as $6.58 just before noon on Jan 17. This happened as a result of the circulation of the coin after the first Grim block was mined,

Today, however, Grin is trading 52.8% higher than the USD, with its current price hovering around $11.80 at press time. The coin now boasts of a ~$20 million market cap as opposed to the $8k it had just last week.

Grin Price, Source: Coingecko.com

Beam, on the other hand, traded as low as $1.10 at the start of Sunday’s trading session. Beam later recorded gains of up to 92% during the day, which sent its price to as high as $2.02. The value of the coin at press time is $1.78 with a market cap that of ~$5.7 million.

Beam Price, Source: Coingecko.com

What are Beam and Grin?

Beam and Grin are two different coins using the same protocol, with Grin…

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Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners – Taxes Bitcoin News

The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges.

Also read: IRS Now Requires Tax Filers to Disclose Crypto…

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Letters Sent to 20 000 Suspected Crypto Tax Avoiders in Denmark

After being granted the right earlier this year to demand user records from 3 cryptocurrency exchanges in the country, Denmark’s tax authority, the Skattestyrelsen, has now sent 20 000 letters to Danish citizens it believes may have skirted taxes on capital gains from cryptocurrency trades.

Recipients of the letter have been asked to amend previous years’ tax reports by December 15th or face penalties.

According to Swedish startup Koinly, makers of a software that automates the tax…

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Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users

Denmark-based cryptocurrency users have begun receiving letters from the Danish tax agency, Skattestyrelsen, requesting that traders provide a full background of all their cryptocurrency transactions, sources informed Cointelegraph on Dec. 10.

In its letters, Skattestyrelsen specifically asked crypto users to provide information about profits and losses for fiscal years 2016 to 2018, according to FIFO (First In First Out) principles. These principles represent a method of inventory valuation…

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Danish Tax Agency Sends Warning Letters to Suspected Crypto Tax Evaders

Denmark’s tax authority, the Skattestyrelsen, has been sending letters to cryptocurrency users it suspects of tax avoidance, demanding a range of information about their trading activities.

In the letters, the Skattestyrelsen further asks recipients to amend previous tax returns based on their crypto activities and warns of penalties for non-compliance, according to a blog post from crypto tax startup Koinly.

The agency received permission to obtain data on the Danish users of three…

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