Unified Global Cryptocurrency Regulation called for by G20

Last year, 2017, was most certainly the year of the ICO, and 2018 could prove to be the year of regulation.  At the G20 meeting of finance ministers in Buenos Aires, it was agreed by the member nations that more information on cryptocurrencies needs to be gathered and examined.  However, countries do see cryptocurrency as an asset, not a currency.     As cryptocurrency fever takes hold of the world, regulators in various countries are making their positions known.  In the USA, the Securities and Exchange Commission (SEC) has issued…

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10 Cybersecurity Threats and Trends for 2018

Tech Security Firm SpiderOak Warns of Nightmare Scenarios to Come.  CHICAGO, Dec. 5, 2017 /PRNewswire/  “As organizations and individuals become increasingly reliant on IoT for critical functions, the risks that we are taking are becoming greater and greater,” says Christopher Skinner, CEO of technology security firm SpiderOak. “Attack surfaces are exploding – the nearly 4 billion people online worldwide means 4 billion different entry points for criminals. We trust our devices and systems to drive our cars, deliver vital medical treatments, and protect our homes and supply chains, but these have never been more insecure.”…

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Bitcoin and the Taxman

The classification of Bitcoin and cryptocurrency differs globally, however, some countries are moving forward with guidelines and rulings.   The burning question – Is Bitcoin an Asset, Property or Currency?   Here are some reasons why Bitcoin represents a new Asset Class:- Investability considering Liquidity, Politico-Economic Profile, Price Independence and Risk-Reward Profiles – Read full article here.  Download a white paper on Bitcoin as a new Asset Class.   Is Bitcoin money or property?  A Judge of the 11th Judicial Circuit Court of Florida ruled Bitcoin was property.  “It is uncertain whether…

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