Your Daily Bitcoin News - Coin Update

Your Daily Bitcoin News

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October 19, 2017 | $5,696.14

Kazakhstan Set to Launch National Cryptocurrency Backed by Fiat

Kazakhstan's Astana International Financial Center (AIFC) and Exante have announced a partnership regarding the development of a national cryptocurrency. The Kazakhstan government intends to launch a state-issued cryptocurrency that is backed by fiat.

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Ukraine's New Bill Treats Bitcoin as Financial Asset and Encourages Mining

Two bills to provide legal frameworks for cryptocurrencies including bitcoin have now been submitted to the Ukrainian parliament. The latest one proposes recognizing them as financial assets. It also defines cryptocurrency derivatives, as well as proposes simplifying taxation and reducing electricity tariffs for mining activities.

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Russian Regulators Consider Establishing a 'Crypto-Detective Agency'

At a recent State Duma Financial Market Committee meeting, an initiative to create a "crypto-detective agency" in Russia was proposed. This specialized agency will primarily collect all information on Russian companies planning to launch an initial coin offering (ICO) as well as create a registry of them.

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KYC Bill to Regulate Bitcoin Exchanges Green Lighted by Australian Senate Committee

A bill to regulate Australia's digital currency exchanges has gained support from the Senate committee tasked to review it. The committee recommended for the bill to be passed. However, public comments from the industry's participants suggest that some provisions in the bill are unclear and could reduce competition in the payment industry.

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Slotland Online Gaming Site Now Offers Bitcoin Deposits and Withdrawals

Popular online gaming site, Slotland, just announced they are offering deposits and withdrawals in bitcoin for gaming purposes. The company processes bitcoin deposits immediately, withdrawals by the next business day. Furthermore, it is the site's 19th birthday and they added a new game along with other bonus features. 

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Here's Bitcoin.com's Updated Stance on Specific Bitcoin Chain Symbols and Monikers

A lot has changed in the cryptocurrency space, and things are entirely different than they were when bitcoin was launched by its anonymous creator back in 2009. One of these changes has affected the entire ecosystem, as the bitcoin scaling debate has caused significant strife between bitcoin proponents.

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