#CryptoCorner: Japan's Self-Regulatory Body Imposes Maximum on Trading Volumes, South Korean Exchanges May Lose Beneficial Tax Status, Gallup Poll Shows Only 2% of US Investors Own #Bitcoin and Gibraltar United Adopt #Crypto
July 30th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD)
Point Roberts, WA and Delta, BC - July 30, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner, now available in podcast.
Listen to today's Crypto Corner Podcast:
#CryptoCorner: Japan's Self-Regulatory Body Imposes Maximum on Trading Volumes, South Korean Exchanges May Lose Beneficial Tax Status, Gallup Poll Shows Only 2% of US Investors Own Bitcoin
Subscribe to RSS feed http://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
Japan's Self-Regulatory Body Imposes Maximum on Trading Volumes, South Korean Exchanges May Lose Beneficial Tax Status, Gallup Poll Shows Only 2% of US Investors Own Bitcoin and Gibraltar United Adopt Crypto
As we begin a new week the crypto market has remained relatively stable over the past few days. Our last installment on Friday saw the price of Bitcoin (BTC) dip below $8000 USD to around $7850 USD, following the SEC's rejection of the Winklevoss brothers' proposed Bitcoin ETF. The market made a comeback later that day and has been sitting above $8000 USD since, trading at $8153 USD at press time according to CoinMarketCap. The total market cap is around $294 billion USD.
The Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory crypto body, will impose maximum trading volume limits on its member exchanges, according to a report from Cointelegraph. Supposedly this move is being done to protect "small asset" traders from suffering heavy losses.
CoinDesk reports that crypto exchanges in South Korea may lose access to tax cuts currently afforded to them due to a proposed change in the country's tax laws. Currently crypto exchanges are classified as either startups or small and medium enterprises (SMEs), both of which can afford them deductions of 50-100 percent of their income tax and corporate tax within their first five years in operation. However the inclusion of crypto businesses in this category is being criticized thusly: "cryptocurrency transaction brokerage is not effective in generating added value."
A recently published Gallup poll reveals that just 2 percent of U.S. investors own Bitcoin. Additionally, only 26 percent are intrigued by it, with the remaining 72 percent having "no interest in ever buying bitcoin". The data indicates that people are averse to cryptocurrencies mainly due to their riskiness.
Football (soccer) team Gibraltar United plans to pay players in cryptocurrency, according to a report in the Guardian. Team owner Pablo Dana, who invests in cryptocurrency Quantocoin (QCTC) explained why Gibraltar is ideal for the adoption of crypto:
"It was the first [place that] regulated betting companies 20 years back, when everyone was seeing them as horrible. They put compliance and anti-money laundering regulations and created a platform - they have the intelligence to do the same with cryptocurrencies."
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsor:
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Ideas
www.Investorideas.com is a meeting place for global investors, featuring news, stock directories, video, podcasts, company profiles, interviews and more in leading sectors. Sectors we cover include tech (AI, drones, internet of things) , payments, crypto and blockchain, biotech, mining, energy, renewable energy, water , marijuana and hemp stocks, food and beverage, defense and security (biometrics/cyber) ,Latin America, sports, entertainment, luxury brands and gaming.
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Sticher. Spreaker.com, iHeart.com and Google Play Music.
Visit the Podcast page at Investorideas.com: http://www.investorideas.com/Audio/
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand