BitMEX CTO Samuel Reid released on $ 5 million bail
Samuel Reid, the technical director of the BitMEX crypto derivatives exchange, was released on $ 5 million bail. On October 1, Reed was arrested on charges brought against the US Department of Justice.
According to The Block, Reed's bail was approved on October 3. He is obliged to appear to participate in the court, and in case of admission of guilt - to appear to impose punishment. Unsecured collateral; of the total, $ 500,000 was paid in traditional currency. Presumably, Reed's and his wife's passports were seized.
Reed, 31, was arrested in Massachusetts on charges of violating bank secrecy laws and willfully evading the harsh anti-money laundering measures on BitMEX. Charges were also brought against Reed's colleagues Arthur Hayes, Benjamin Delo and Gregory Dwyer. On Thursday, BitMEX announced the resignation of all four from management positions.
Central Bank of South Korea to test national digital currency together with commercial banks
Bank of Korea will test its digital currency next year. The Korea Herald writes about this with reference to the regulator's own statement. The decision to move to testing the central bank digital currency (CBDC) was preceded by advancements in research work on the technical side of the project this summer. Now the Bank of Korea is ready to get acquainted with the processes of issuing and circulating digital currency in practice.
South Korea announced its intention to accelerate the development of the digital won in April as China is rapidly moving closer to launching its own CBDC. The Bank of Korea noted that testing the digital currency does not imply approval of its launch into circulation, but should be the final step in the preparatory process.
The first phase of the digital won project, which consisted of research and development of technology, was completed in a few months. It was replaced by the second stage, during which the infrastructure issue for the new means of payment was being worked out. In the third phase, Bank of Korea will partner with local commercial banks to help it test the CBDC's appeal.
bitcoin exchange bitcoin kopen bitcoin kopen rabobank waar bitcoins kopen bitcoin tumbler best bitcoin mixer crypto tumbler crypto koers crypto swap coin swap trust swap coin bitcoin to usd bitcoin to usd exchange bitcoin exchange fees all Криптобиржи cryptocurrency cryptocurrency kopen bitcoin mixer anonym best anonymous bitcoin mixer bitcoin shuffler bitcoin exchange sites best Криптобиржи crypto exchange anonymous Криптобиржи anonymous no kyc
JPMorgan thinks bitcoin price should be lower now
Analysts at US bank JPMorgan believe bitcoin is overvalued and should be around 13% cheaper, RBC Crypto reports citing Bloomberg Quint. In their opinion, now too many investors hold long positions in BTC, that is, they are playing to strengthen it. However, some of these positions were closed during the exchange rate correction that began in September. Within a month, Bitcoin fell from $ 12,000 to $ 10,000, but then regained some of the losses and is now worth $ 11,300. In part, the strengthening of BTC is due to the great interest in it from large companies and corporations. JPMorgan analysts cited payment company Square, founded by Twitter creator Jack Dorsey, and MicroStrategy as examples. Since August, they have invested $ 50 million and $ 450 million in BTC, respectively. However, many experts are of the opinion that bitcoin, on the contrary, is undervalued. At the end of September, Bloomberg analyst Mike McGlone suggested that 1 BTC should be worth about $ 15,000. The expert is sure that two factors speak in favor of underestimation: an increase in the hash rate in the BTC network and an increase in the number of users.
OECD will develop an international standard for the exchange of tax information on cryptocurrencies
The Organization for Economic Co-operation and Development (OECD) on Monday announced plans to engage the leaders of the world's largest economies in standardizing tax reporting when working with cryptocurrencies. A related guidance is expected to be released in 2022 and will help national tax authorities align their practice with international ones. Changes will be made to the uniform standards for automated information exchange. The authors of the report note that the cryptocurrency industry is developing rapidly and presents significant challenges to governments, including the risk of tax evasion. “While financial stability and anti-money laundering issues have recently been addressed by the Financial Stability Board and the Financial Action Task Force on Anti-Money Laundering, tax policy, transparency and tax evasion remain largely unresolved, although they form an important part of the overall regulatory regime. "- writes the OECD. In addition to exchanges, it is proposed to collect information from wallet services, as well as information on income from cryptocurrencies arising from their sale and other operations. “The collected information will be transferred to the tax department at the place of residence of the taxpayer. The OECD will continue to work on a detailed technical proposal and intend to present to the G20 a comprehensive implementation package in 2022, ”the report says.