The South Korean government is considering a range of policy options in order to curb what it called an "overheating of virtual currency speculation," including a possible capital gains tax on trades. In a Dec. 13 statement published by the Office for Government Policy Coordination, officials from the Ministry...
The company most widely associated with crowdfunding, Brooklyn-based Kickstarter, has no plans to get into the initial coin offering (ICO) business. Coming in response to the news yesterday that competitor Indiegogo would facilitate ICOs on its platform, supporting entrepreneurial efforts in this new area of fundraising, a Kickstarter spokesperson told CoinDesk...
The U.S. tax code is on the brink of its largest overhaul in three decades. And while neither the House of Representatives or Senate version of the tax bill (both have passed in their respective chambers and are in the process of being reconciled into a final bill) specifically...
Japanese internet giant GMO revealed yesterday that it soon allow staff to receive some of their salary in bitcoin. The bitcoin payroll system will allow the firm's network of more than 4,000 employees to receive part of their salary in bitcoin in a move aimed to promote the development and adoption...
Crowdfunding pioneer Indiegogo is embracing initial coin offerings (ICOs). The startup revealed today that, through an existing partnership with MicroVentures, it will begin offering services to projects seek to use the blockchain funding model. The first sale is for the Fan-Controlled Football League which, according to its website, is seeking to create...
Cryptocurrencies have proven to be a unique challenge for the Commodity Futures Trading Commission (CFTC), according to the agency's chairman. In a statement made yesterday, J. Christopher Giancarlo, remarked on the risks posed by cryptocurrencies and initial coin offerings (ICOs). His comments were a response to Securities and Exchange Commission (SEC) chairman...
Oliver Bussmann is founder and managing partner at Bussmann Advisory, the president of not-for-profit Crypto Valley Association and former group CIO and managing director at UBS. The following article is an exclusive contribution to CoinDesk's 2017 in Review. 2017 was a year of tremendous growth for blockchain, though not in the...
Blockchain platform Waves is launching a self-regulatory body to set standards for initial coin offerings (ICOs) and the blockchain industry. Announced in a blog post yesterday, the association will see participation from entities including Deloitte CIS, the ICO Governance Foundation and the Ethereum Competencies Centre, and aims to set legal, tax...
David Gerard is the author of the book "Attack of the 50 Foot Blockchain" (Amazon US, Amazon UK), editor of the news blog of the same name and a contributor to crypto parody forum r/buttcoin.  The following article is an exclusive contribution to CoinDesk's 2017 in Review. The bitcoin world is...
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering. On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic Lacroix and $100,000 in fines against his company for contempt of court, according to Radio Canada. The day before,...