47% of South Africans Plan to Invest in Cryptocurrencies

South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the world. The MyBroadband 2018 Cryptocurrency Survey — completed in April — shows that more South The post 47% of South Africans Plan to Invest in Cryptocurrencies appeared first on CCN

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Venezuela to Auction Petro via Its Dicom Foreign Exchange Platform

According to Venezuelan vice president Tareck El Aissami, the country’s oil-backed cryptocurrency Petro (PTR) will be auctioned to private companies via the country’s Dicom foreign exchange platform “in a few weeks.” While speaking at a meeting broadcast on state television, El Aissami stated that the Petro will be auctioned, and added that companies will be … Continued The post Venezuela to Auction Petro via Its Dicom Foreign Exchange Platform appeared first on CCN

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Now, Illinois is Looking at Tax Payments in Bitcoin

Illinois has joined a growing number of US states looking to pave the way to allow cryptocurrencies as payment for taxes. House Bill 5335, aka the Revenue Cryptocurrency Bill, is being sponsored by Rep. Michael Zalewski, a Democrat. It’s an amendment to the current Department of Revenue Law of the Civil Administrative Code of Illinois, The post Now, Illinois is Looking at Tax Payments in Bitcoin appeared first on CCN

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