In my update of today, I want to bring to your attention what is happening in the bitcoin world from reaserch. The media, government and financial institutions have been against bitcoin because they said it can be use for fraud. For example, amongst others they said it can be use for money laundering and even fund terrorists activities.
With this level of illegal activities attached to bitcoin most person and organizations are not willing to use it. How ever the level of illegal activity in bitcoin and other cryptocurrencies have reduced and according to research illegal activities is been checkmate. You can read all the news updates from the link below
Mntrends Blog: https://www.mntrends.com/2018/08/research-illegal-activities-no-longer-dominates-bitcoin-use.html/
Meanwhile in Ukraine the government are coming up with a plan to tax cryptocurrency users. In fact it seems bitcoin users will be charge 5% and this is a good one. If Ukraine government can successfully implement this and it works out, then other countries might follow suit.
The stage is been opened for the use of digital currency and Ukraine just prove that Crypto users can not avoid tax payment. Stay tune for more updates on how this will turn out and the reactions from more countries around the globe about this bitcoin tax regulation by Ukraine.. Catch the full news from the link below
Mntrends Blog: https://www.mntrends.com/2018/08/new-bill-in-ukraine-requires-5-tax-on-cryptocurrency-incomes.html/
More Crypto and Blockchain updates coming. What do you think about taxing bitcoin and reducing its illegal activities. Leave your comments below