newsflash 5

Newsflash of September 30

Market Cap at 2:24 (UTC) – $217,693,744,420 billion 

Bitcoin dominance: 67.4 % 

BTC $ 8,162.83 (+1.26%)

ETH $175.10 (+4.20%)

XRP $0.257316 (+7.89%)

Uzbekistan imposes 300% on crypto mining

2019 09 30 16.33.35

According to the official announcement, the Government of Uzbekistan has taken a serious action on crypto mining. Per the announcement, the Uzbekistan’s government has decided to impose a 300% tax on crypto mining and it will be enforced soon.  

Ukraine may legalizes cryptocurrency

2019 09 30 16.33.48

Liga.net recently reported that the Government of Ukraine plans to legalize cryptocurrency soon. Minister of Digital Transformation, Mikhail Fedorov has said that the legalizing cryptocurrency is currently one of main goal of the ministry. Additionally, Mikhail believes that
crypto investors, traders will soon come out the grey zone and start paying taxes.

European Central Bank continuing to approach crypto

2019 09 30 16.33.44

Recently, ESCB’s members have joined together to work on stablecoins led by ECB Executive Board Member, Benoît Cœuré. The ESCB’s members who are working on the stablecoin has found that stablecoins are crucially needed in cross-border payment and payment services accessibility. However, stablecoins also give rise to various issues such as monetary policy transmission, financial stability and public policy priorities. In 17-18 July, the members of G7 and Central Bank Governors had a discussion about stablecoin and agreed that regulatory, systematic concerns and policy considerations should be tackled before implementing any action.

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