Portugal’s parliament, Assembleia da República, has rejected two bills that sought to tax cryptocurrencies. Livre and Bloco, two Portuguese left-wing parties, proposed the bills. However, both parties had little representation in Congress. The ruling Socialist Party, which holds the majority of seats in the legislative assembly, has not yet submitted any bill. This news comes on the heels of Portugal’s Minister of Finance, Fernando Medina, announcing that cryptos will be subject to taxation soon. Explaining the need for crypto taxation,…
Tag: Privacy Coins
UK Drafting Proposal to Regulate Stablecoins and Private Cryptocurrency
The United Kingdom has announced plans to research stablecoins and a central bank digital currency (CBDC). The Treasury Department of the United Kingdom is drafting proposals to regulate private stablecoins and investigate digital currencies as an alternative to cash. This news is coming off the back of the UK's recent departure from the European Union (EU). The government is now looking for productive and innovative ways to improve its financial sector. In an official announcement, the UK Treasury Chancellor Rishi…
2 years ago 209
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Zcash Privacy Features: Can it Foster Faster Crypto Adoption
The global crypto adoption was recently approximated to be 5% of the worldwide population. However, privacy has been hindering the even faster adoption of crypto into the world. Individuals, companies, and governments fear blockchains' transparency since it means full exposure of private information. Zcash, however, offers privacy to every individual and company by keeping details of all transactions anonymous. What is Zcash, and how does it enhance privacy? Zcash Overview Zcash is a crypto asset that has majored in providing…
2 years ago 331
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An Institute in Philippine Publishes a Report Regarding Cryptocurrency Use by Terrorists
One of the criticisms surrounding cryptocurrencies is the ability of people to use it to finance illegal and disastrous activities such as terrorism, kidnapping, and more. This has led to several researches by individuals, agencies, as well as organizations regarding the issue. The Philippines Institute for Peace, Violence and Terrorism Research (PIPVTR) published a report on May 20 which reveals recent transactions by terrorist groups related to Islamic State (IS) in Southeast Asia. The institute noted an increase in terrorism…
2 years ago 157
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The Complete Beginner’s Guide to Privacy Coins
Privacy coins are gaining traction as they fly the flag of financial privacy. Over the decade, digital currencies have seen their fair share of unjust scrutiny regarding its privacy policies. At one point or another, we've all heard of the "evil" that is its anonymity hallmark and how its primary users are criminals hiding behind it. However, no digital currency is disparaged for this particular feature as much as privacy coins are. Yes, blockchain-based cryptocurrencies offer their users an option…
2 years ago 453
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Apollo Currency Review: The All-in-One Cryptocurrency
Ever since the invention of Bitcoin and blockchain technology, several altcoins have emerged every so often. With several blockchain projects always developing, projects must present a unique property or trait to get ahead of the competition. Privacy issues on blockchain technology have been an issue among many crypto enthusiasts. Although one of the things that the blockchain technology promised during its onset years was anonymity, there have been several privacy breaches. Therefore, it is no surprise that more crypto projects promising…
2 years ago 541
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Privacy Coins Will Manifest Mainstream Misconception Regarding Bitcoin, Says Coinbase CEO
According to Coinbase’s CEO, Brian Armstrong, in an article, some of the nascent cryptocurrency assets are ready to challenge the traditional financial system with a feature that has been falsely attributed to Bitcoin. The article for Project Syndicate discussed the potency and concerns regarding privacy coins, featuring protocols meant to make transactions untraceable. When it comes to Bitcoin blockchain, it leaves a digital trail of transactions, as against what people think. Armstrong said that although privacy coins such as Zcash and Monero…
2 years ago 211
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Monero (XMR) Turns Bullish To Outperform BTC Amid Volatile Spree
XRM has outpaced bitcoin's gains over the last week and is still rocketing higher The 12th ranked crypto on CoinMarketCap is up by over 6% over the last 24-hour trading period and is currently trading at $53.94 Experts across the crypto world share their opinion on why XRM is set to surge even higher in the coming weeks Amidst the ongoing world economic crisis, one thing crypto investors look for is digital assets that can stand the test of time.…
2 years ago 222
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The Beginner’s Guide to Monero (XMR) – What You Need to Know
Monero is a cryptocurrency that emphasizes privacy and fungibility concerning all transactions occurring on its blockchain network. It was created in April 2014 to make transactions private. Bitcoin, Ethereum, and other cryptocurrencies developed into the crypto space were easily traceable, and Monero was created to ensure complete financial privacy. Monero in a nutshell Monero is a secured privacy coin. Its transactions are untraceable with the use of Ring signatures privacy features. It’s highly secured by a strong decentralized cryptographic network…
2 years ago 494
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A Roundup for Major Privacy Coins – No Spring Time for Monero, Dash & Zcash
Crypto exchanges worldwide are delisting privacy coins for legislative reasons, which is having pressure on the asset class downwards. For example, Estonia-based BitBay announced Monday that Monero (XMR) would no longer be tradeable from Feb. 19, 2020, for compliance reasons, while XMR/BTC price maintains bearish undertones, resembling a falling knife. This is happening in parallel to the “Crypto Spring,” where alt-coins across the board see bullish price action. With Bitcoin dominance steadily declining 2.7% in the last 3 months and…
2 years ago 247
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