VHCEx Newsflash | 27th December 2019

Crypto Firms Can Now Apply For A License in France

Crypto Firms Can Now Apply For A License in France

Image source: Coindesk

Firms now can get licensed in France, with new rules and guidelines on applying for the licensing of the digital asset service providers (DASPs). Some of the requirements would include submitting a two-year business plan, a list on digital assets the firm will be offering, locations of where the firms will be operating as well as the organizational chart of the firm to the Financial Markets Authority (FMA). However, the license for crypto firms working in France is not mandatory.

Source: Coindesk

 

YouTube Removes Crypto & Bitcoin Related Videos

YouTube Removes Crypto and Bitcoin Related Videos

Image source: The Star Online

Google has recently waged to a mini war with cryptocurrency and Bitcoin by removing hundreds of videos with it’s popular video site YouTube over the recent Christmas period. While the reasons cited tend to be ‘harmful or dangerous content’ and ‘sale of regulated this seem to only affect the smaller channels and publishers who made the cryptocurrency and Bitcoin related videos as crypto videos from U.S. business news publisher CNBC was not removed. This is a good thing when a big brand like YouTube removes the unreliable sources enforcing the importance of trading on a licensed exchange like VHCEx.

Source: Forbes 

 

China Issued Special Bonds on Blockchain

China Issued Special Bonds on Blockchain

Image source: Dash News

Formerly known as a nation unfriendly to blockchain, many were caught surprised when the Central Bank of China issued 20 billion Chinese yuan of special bonds on blockchain. China’s self-developed blockchain issuance system was displayed for the first time and is tasked to handle administration and tracking of these bonds which will be used to fund small and micro-enterprise businesses.

Source: Cointelegraph

 

Uzbekistan Bars Citizens from Buying Cryptocurrencies

Uzbekistan Bars Citizens from Buying Cryptocurrencies

Image source: KryptoMoney

Having portrayed a positive attitude on cryptocurrencies previously, latest reports seem to contradict it as local news outlet Novosti Uzbekistana said that the government is prohibiting citizens from buying crypto even if it’s from well-known exchanges. The Uzbekistan government signed a memorandum of understanding to regulate and establish licensing for crypto exchanges, mining operations and initial coin offering just last year September. Current crypto holders are still allowed to sell their investments after completing their KYC on two licensed exchanges.

Source: Cointelegraph

 

New Crypto Tax Tool by Thomson Reuters

New Crypto Tax Tool by Thomson Reuters

Image source: Bitcoin.com

With the taxmen across the world focusing on crypto transactions, investors need more help than ever to navigate through the regulations and Thomson Reuters is launching its ‘Virtual Currency Organizer’ to help them. Partnering with Verady who focuses in cryptocurrencies’ accounting and reporting, users can view the transactions in a central location and have them reported in the according forms with Verady’s Legible platform combine information from all sources.

Source: Bitcoin.com