1. Bittrex US to Delist 32 Cryptocurrencies on the 21st of June
On 21st of June, Bittrex US will be delisting 32 Cryptocurrencies, and will therefore be inaccessible to US Bittrex customers, but they will still be available on Bittrex International for non-US customers.
[Source: Altcoinbuzz] ✩✩✩✩
2. G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto
G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan.
[Source: Cointelegraph] ✩✩✩✩✩
3. Truffle and Microsoft team up to deliver developer tools on the cloud
In a new partnership announced on June 8, Blockchain startup Truffle is integrating its developer tools with cloud platform Microsoft Azure, enabling developers to build blockchain-based production systems.
The partnership means that enterprise customers of Azure–including AP Moller-Maersk Group, ASOS, BMW, Carlsberg Group, FedEx, and HP–can more readily build blockchain-based production systems for some of the world’s biggest companies.
[Source: DecryptMedia] ✩✩✩✩
4. Indian Lawmakers Propose Adoption of 10-Year Jail Term for Crypto Dealings
Indian lawmakers have reportedly proposed to enforce a 10-year jail term for citizens who deal with cryptocurrencies, local financial news agency BloombergQuint reports on June 6.
The new tough crypto regulation is a part of a recently proposed draft bill called “Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019,” according to a report by crypto news outlet The Block.
[Source: Cointelegraph] ✩✩✩✩
5. Thailand’s largest commercial bank redacts statement on integrating Ripple’s XRP
The Siam Commercial Bank (SCB), the largest commercial bank in Thailand, retracted a statement about using Ripple’s XRP token. The bank quickly issued a correction saying it had no plans on using XRP “as of now.”
[Source: Cryptoslate] ✩✩✩
6. Weiss Crypto Ratings Drops EOS Over Centralization Concerns but Who Cares
Weiss Crypto Ratings on Friday announced that it is downgrading the technology score of EOS, a blockchain protocol developed and distributed by Block.one. The US-based economic research agency said EOS has “serious problems with centralization,” three months after it put the project among the top three blockchains alongside Ripple and Bitcoin. Weiss argued that Block.one has taken no necessary steps to improve the protocol, adding that not even the firm’s event last week, wherein it announced Voice, an upcoming social media platform taking on a behemoth rival in Facebook, did anything to alleviate the centralization issues.
[Source: CCN] ✩✩✩
7. Republic of San Marino Issues Regulatory Policies on Tokens, Token Offerings
The captains regent of the Republic of San Marino, Nicola Selva and Michele Muratori, have issued a governmental decree on blockchain tech for businesses, according to a recent document.
[Source: Cointelegraph] ✩✩✩✩
8. ethereum Classic Devs Consider Early ‘Atlantis’ Upgrade For The Network’s Testnet
In late May, Ethereum Classic developers decided to delay the network’s upgrade, dubbed Atlantis. Now developers have considered launching the upgrade and the Ethereum Classic testnet within the next two weeks, before preparing for a full upgrade in August on the mainnet.
[Source: ETHNews] ✩✩✩
9. Large Polish cryptocurrency exchange CoinRoom committed an exit scam on thousands of users
Coinroom, the cryptocurrency exchange, committed an exit scam on thousands of its users.
It was reported users were informed via email that the exchange was stopping operations.
[Source: FXStreet] ✩✩✩
10. Australia to Crack Down on Crypto Tax Avoidance Schemes
The Australian Taxation Office (ATO) may soon crack down on major tax avoidance schemes using cryptocurrencies.
According to a report from The Sydney Morning Herald on Thursday, the ATO is working on 12 tax avoidance cases involving abuse of crypto assets. Notably, the agency’s deputy commissioner, Will Day, said at least one of the cases involve a “global financial institution,” which is suspected of hiding assets and income details of taxpayers.
[Source: Coindesk] ✩✩✩
To keep up with Talenta’s frequent updates, follow its social media sites:
Facebook: https://www.facebook.com/talentasg/
WeChat: https://mp.weixin.qq.com/mp/profile_ext?action=home&__biz=MzUzNDk0OTAxOQ==&scene=124#wechat_redirect
Twitter: https://twitter.com/TalentaSG
Telegram: https://t.me/TALENTA
