Reserve Bank of Zimbabwe Sued for Banning Cryptocurrency ⋆ Tech Talk Nigel Gambanga · May 24, 2018 · 3:00 am The Reserve Bank of Zimbabwe (RBZ) is facing a lawsuit from a cryptocurrency exchange in the African country following the RBZ’s recent order to all registered financial institutions to stop all forms of cryptocurrency trading. The Legality of Cryptocurrency in Zimbabwe Brought into Question According to news reports, Golix, the largest cryptocurrency exchange in Zimbabwe, submitted a High Court challenge stating that the RBZ does not have any authority to declare cryptocurrencies illegal. Golix is arguing that only the country’s legislative body, the parliament, has the authority to formulate laws that ban virtual currencies. It is also arguing that the RBZ did not give adequate time for notice and a right of response when it issued its ban. The legality of cryptocurrencies in Zimbabwe has always been a grey area and, in the past, the central bank has warned citizens to deal in cryptocurrencies at their own risk, while pointing out that all virtual currencies were not recognized as legal tender in the country. Despite this stance from the regulator, no laws or regulations have been passed to enforce activities in the space. Cryptocurrency related businesses in Zimbabwe like exchanges have been registered as companies but had been operating without any licensing framework specific to virtual currencies. #bitcoin #cryptocurrency #btc #eth #decentralization #cryptoblogger #trx #xvg #cryptochart #crypto #blockchain #cryptotrading #cryptocurrencynews #cryptocurrencyexchange #cryptocurrencymining #cryptocurrencycommunity #cryptocurrencyeducation #cryptocurrencyinvestment #cryptonews #cryptolife #cryptocoin #cryptocurrencyrevolution #ig #igers #igersindia #likeforlike …

When the crypto market is down so you decide to go outside

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India to Levy GST on Crypto Now? ⋆ Tech Talk According to Bloomberg Quint, India may be considering the possibility of levying GST on cryptocurrency trading. This is a proposal that is being forwarded despite there being no clear-cut statement from the government, confirming their stance on the legality of the market.…The Government of India is very conflicted about the cryptocurrency market because of the obvious risks that it poses to economies and investors in general. The country, unanimously, has made no decision on whether or not to legalise or ban the use of it, but only a month ago, at the beginning of April, The Reserve Bank of India issued a circular demanding all businesses registered with them to wind down cryptocurrency related activities. This came as a large shock to the Indian crypto community because they feel that this is the first step towards a full-fledged ban. The announcement sent shock waves through the community and many people represented their views in forms of petitions and discussions. Recently, many news reports have come forward saying that cryptocurrency exchanges in the country have taken to legally appeal the circular released by the RBI. There are in current logs, two court cases that deal with this particular circular issue, one filed at the Delhi High Court and the other with the Supreme Court of India. #bitcoin #cryptocurrency #btc #eth #decentralization #cryptoblogger #trx #xvg #cryptochart #crypto #blockchain #cryptotrading #cryptocurrencynews #cryptocurrencyexchange #cryptocurrencymining #cryptocurrencycommunity #cryptocurrencyeducation #cryptocurrencyinvestment #cryptonews #cryptolife #cryptocoin #cryptocurrencyrevolution #ig #igers #igersindia #likeforlike

More like Market Suppression🤔🤨 The U.S Department of Justice has reportedly launched a criminal investigation into cryptocurrency traders who may have manipulated the market using old-school illicit tactics. According to a report by Bloomberg on Thursday, citing anonymous sources familiar with the probe, the investigation is being conducted together with the Commodity and Futures Trading Commission (CFTC). One area of the investigation targets so-called spoofing - a technique that has been used in traditional financial markets to affect price movements by making large volumes of fake orders - that possibly influenced trades of bitcoin and ether, according to the report. In addition, DoJ is probing crypto traders who may have cheated the system by sending themselves large volumes of orders to create a mirage of increasing demand in order to tip other investors into making a move.

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SOV will be recognized in law as legal tender in the country, alongside the US dollar (its current local currency). #cryptocurrencynews #marshallislands #sov

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They’re Watching 👀 _____________________________________________________ The two major points of inquiry for the probe are spoofing and wash trading. Spoofing refers to flooding the market with fake orders, tricking other traders in the process while wash trading involves creating false volumes that overvalue the market. Both of these malpractices drive up the prices in the direction desired by the manipulators. For many years, financial regulators have worked hard to eliminate these illicit trading practices from the mainstream markets. However, in the predominantly Wild West crypto scene, it appears spoofing and wash trading is (allegedly) having the run of the mill. Thus, the DOJ is partnering with the Commodity Futures Trading Commission (CFTC) to investigate the matter.Since the crypto boom of 2017, the SEC has stepped up efforts to sanitize the industry, investigating dozens of ICO campaigns. The Commission recently created a fake ICO project to demonstrate how easy it is to defraud investors in the crypto space. _____________________________________________________ 📌Are we moving closer and closer to regulation as a way to police crypto crime? ⬇️Drop a comment and let us know what you think! #CoinGage _____________________________________________________ Read more at:

Bermuda Continues to Open Its Arms to Crypto Space ⋆ Tech Talk Bermuda Continues to Open Its Arms to Crypto Space May 24, 2018 by Nick Marinoff Cryptocurrency brokerage agency Omega One is opening an office in Bermuda. Executives will work with both insurers and the island’s government officials to hold and secure digital currency investments on behalf of its customers. A Small Island with Big Ambition Bermuda has worked hard over the last few months to develop itself as the next big cryptocurrency haven. The island recently hired Gabriel Abed – the founder of Barbados-based financial technology firm Bitt and the British Virgin Islands-based Digital Asset Fund – to work as a digital currency consultant to legislators, while regulators have drafted a bill that would formally introduce initial coin offering (ICO) rules to the island’s traders. Bermuda has also attracted a long list of additional cryptocurrency names and businesses including Binance, the world’s largest cryptocurrency exchange. At present, it is becoming one of the most popular atmospheres for crypto users due in part to its established legal and technical infrastructure, as well as its growing insurance industry, which makes it particularly attractive to institutional investors. #bitcoin #cryptocurrency #btc #eth #decentralization #cryptoblogger #trx #xvg #cryptochart #crypto #blockchain #cryptotrading #cryptocurrencynews #cryptocurrencyexchange #cryptocurrencymining #cryptocurrencycommunity #cryptocurrencyeducation #cryptocurrencyinvestment #cryptonews #cryptolife #cryptocoin #cryptocurrencyrevolution #ig #igers #igersindia #likeforlike

Impleum Announce their Open Source Blockchain Platform ⋆ Tech Talk May 24, 2018 at 10:05 // PR Impleum is a powerful and scalable path to develop decentralized applications (DApps). DApps use the decentralised capabilities of blockchain technology and a layer of powerful service nodes to route information. Upcoming DApps – webservice Quizi is a powerful marketing tool. It is a service of convenient and informative quizzes and polls, the results of which are saved in the blockchain. They stay reliable and unchangeable forever. Discover answers to the most provocative question or pass the test and get reward in cryptocurrency. Settle the old dispute. Express your opinion and share it with your friends. OldStyleRacing – mobile game Old Style Racing is a classic time killer for iPhone and iPad. It was designed as a retro cars racing game. The game control is all about double tapping. Showing top results in this game is a tremendous challenge. The gist of the game comes down to maneuvering a car between barriers on the road and collecting coins. Coins can be exchanged for IMP. First you need to go to the account and withdraw your coins on your Impleum wallet. #bitcoin #cryptocurrency #btc #eth #decentralization #cryptoblogger #trx #xvg #cryptochart #crypto #blockchain #cryptotrading #cryptocurrencynews #cryptocurrencyexchange #cryptocurrencymining #cryptocurrencycommunity #cryptocurrencyeducation #cryptocurrencyinvestment #cryptonews #cryptolife #cryptocoin #cryptocurrencyrevolution #ig #igers #igersindia #likeforlike