The Malta Financial Services Authority (MFSA), together with the Financial Intelligence Analysis Unit (FIAU), recently published a Guidance document for financial institutions creating accounts for financial technologies (fintechs). The aim is to encourage innovations including cryptocurrency and blockchain within the fintech sector, and protecting the integrity of the financial market.
As Bitcoin continues to trade above $5,000, the President of Belarus, Alexander Lukashenko, revealed that his government will support innovation initiatives associated with cryptocurrency (such as Bitcoin, Ethereum, Ripple) and blockchain technology. He suggests opening a mining farm for crypto.
The tax agency of the U.K published an exhaustive explanation of how it looks at digital assets plus how users will be taxed on their holdings, on Wednesday, December 19, 2018. Now, individuals who get crypto as a gift won’t pay the same taxes as those anticipating to accumulate money with them.
Ubisoft, the French gaming giant that is responsible for flagship series such as Assassin's Creed and Far Cry, has finally joined the Blockchain Tech Game Alliance, a coalition of gaming and distributed ledger technology (DLT) firms made to take blockchain to the gaming industry.