Inshorts

There are still not regulations regarding bitcoin in South Korea. According to news.bitcoin.com, lawyer and member of the National Assembly Secretariat Kim Kyung Hwan outlines the six most important legal issues surrounding bitcoin in the country. The first legal issue is whether bitcoin is money, a security or an asset. The second issue is whether to impose VAT or consumption tax on bitcoin purchases. Another issue is money laundering. The fourth issue is whether exchanges need to register or notify authorities. The fifth issue concerns bitcoin remittances. The last issue Kim mentioned concerns Initial Coin Offerings (ICOs) which have gained popularity lately.

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The Montessori Schools, a private school chain in New York has added Bitcoin as an additional payment option, making “crypto-parents” happy. According to a newsbtc.com, the Montessori Schools’ in Flatiron and Soho districts of NYC have started accepting fee payments in Bitcoin since last month. The school’s decision to include cryptocurrency payment option was driven by rising inquiries about whether they accept Bitcoin from many parents, which made them consider it seriously. The school’s chairman and co-founder Marco Ciocca noted, that this is the first pre-kindergarten school to accept it as a form of payment.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.

Bitcoin trading in Venezuela intensifies. Bitcoin trading volume has jumped over 9 million for the last time in Venezuela according to coin.dance charts. As news.bitcoin.com reports, people prefer bitcoin instead of the devalued Venezuelan Bolivar, because the bitcoin price fluctuation is negligible compared to the devalued Bolivar. The reason why this is happening is because the government-issued currency has been a victim of unsustainable inflation and other variables. There seems to be ever-increasing excitement about cryptocurrency in the country.

Payment system Visa is looking for experts in the field of blockchain technology. According to cointelegraph, candidates should have practical experience on working with Ripple, R3, Ethereum and bitcoin technologies. A successful candidate will work for VISA Global Commercial Payments, whose team is engaged in creating a payment gateway based on blocking technology in the field of cross-border B2B payments.

The new version of Unicode (v. 10.0) includes the bitcoin sign. This is reported on unicode.org website. Unicode is a character encoding standard that allows to present the signs of almost all written languages. In total, the new version of Unicode was supplemented with 8518 new characters and 56 new emoji characters. Inclusion of the bitcoin sign into Unicode was planned in the previous version, but was implemented only now.

Ecuador continues to use bitcoin. According to Alexandra Veloz, attorney from Quito, the state government banned bitcoin and other digital currencies in July 2014. As news.bitcoin.com reports, despite the authorities making bitcoin illegal, its use has not halted in Ecuador. A small number of businesses have taken the risk of establishing bitcoin as an alternative for payment. The national taxation and invoicing system doesn’t integrate these transactions, but they remain an available option.

The online platform Change.org hosts a petition asking for adding bitcoin and litecoin as payment options. Integration of such efficient and innovative payment methods as bitcoin and litecoin can significantly increase trade, and make purchases on the Amazon platform affordable for millions of people around the world. While the giants of world trade are weighing the pros and cons of integrating cryptocurrency as a means of payment, Japanese companies are making bold steps in this direction.

Project Blockchain.info managed to raise $40 million. The popular bitcoin-wallet and analytical service Blockchain.info announces the closing of the investment round of the B series. Such well-known venture and investment companies as Google Ventures, Lakestar, Digital Currency Group, Lightspeed Venture Partners, Prudence Holdings took part in financing. Thanks to new investments, the company's assets will reach $70 million. The funds will be used for further research and development, creation of new products and expansion of the company's activities.