Useful articles from category "Legal and Regulatory"

Cryptocurrency exchanges are platforms designed for trading cryptocurrencies, as well as exchanging at a fixed rate. Exchanges allow users to purchase, sell, store, and exchange cryptocurrencies. They are divided into two categories, namely centralized and decentralized, but as practice shows, it is the former that are mostly popular. Some exchanges provide a service for exchanging cryptocurrencies for fiat.

Monitoring of cryptocurrency exchangers helps to find several optimal options for buying and selling based on certain criteria. Firstly, using monitoring, you can find the most profitable cryptocurrency exchange rate.

One of the biggest falls in the history of the crypto industry took place on Friday 13/03/2020. The Bitcoin exchange rate fell more than twice in just a day by -52% in 24 hours. One of the forefathers of the cryptocurrency updated a new local minimum on this day, which was equal to $3600 per coin.

According to the Ministry of Finance of Ukraine, transactions with cryptocurrency are subject to verification by the anti-money laundering service.

According to the Nonprofit Tech for Good report, cryptocurrencies are becoming more popular thanks to donations. The number of organisations accepting charitable donations in this way has doubled compared to last year. But despite this growth, cryptocurrencies make up only 2% of all donations.

Competent holders of cryptocurrencies evade taxes, looking for new loopholes in the law, and the states do not have time to come up with appropriate measures.

Almost all experts are sure that after the halving in May, mining will become much less profitable.

The regulation of cryptocurrencies in Ukraine began with a "prohibitive" law. The adoption of the law can be attributed to historical events, since Ukraine became the first in the CIS to legalise the terminology of the cryptocurrency industry.

Bitcoin broke its own record for the number of addresses on the network: 28.39 million instead of 28.38 million in January 2018. However, the real number of users differs, because some can store savings on several wallets, while others hold coins on exchanges and funds of a group of users can be on one wallet.