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      "author": "steemitboard",
      "body": "Congratulations @pintu938! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@pintu938/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@pintu938) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=pintu938)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemfest-commemorative-badge-refactored\"><img src=\"https://steemitimages.com/64x128/https://files.steempeak.com/file/steempeak/arcange/YqQV5Tbj-image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/steemfest-commemorative-badge-refactored\">SteemFest⁴  commemorative badge refactored</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://paymentsmarket.com/credit-suisse-ceo-bitcoin-the-very-definition-of-a-bubble/",
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      "author": "pintu938",
      "body": "News\n354\n14\n2\nYou can count Credit Suisse CEO Tidjane Thiam among those who think bitcoin is in a bubble.\n\nAt a press conference today, the New York Times reports, the bank chief called bitcoin's anonymity a \"challenge,\" before going on to say:\n\n\"From what we can identify, the only reason today to buy or sell bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble.\"\n\nCriminal use of bitcoin is also a factor that goes against the cryptocurrency, he went on, arguing that banks \"have little or no appetite to get involved in a currency which has such anti-money laundering challenges.\"\n\nThiam joins a growing list of financial industry names who have come out against the digital currency. Last week, billionaire investor Warren Buffett was the most recent to say bitcoin was in a bubble. He echoed Bridgewater Associates founder Ray Dalio, who expressed the same sentiment to CNBC in September.\n\nAt the time, Dalio noted that the speculation and volatility around bitcoin prevented it, in his eyes, from being an effective store of wealth.\n\nWhile all over the news currently with its meteoric price gains, Thiam added that he expects interest in bitcoin to subside.\n\nTidjane Thiam image via Credit Suisse/Flickr\n\nThe leader in blockchain news, CoinDesk is",
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      "author": "pintu938",
      "body": "or better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.\n\nPreliminary plan:\n2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH\n2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level\n2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30\n2018-01-31 Email reminder to all registered users\n2018-02-28 Trading engine stops, dice game stops, API stops\n2018-03-31 Login stop, website replaced with information\n2018-04-15 Support closes, all Novaexchange user data removed\n\nRemaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable.",
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      "title": "2017-10-30 12:09 - Intimation of closure of Novaexchange  Kindly note \"Novaexchange\" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security."
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://bitconnect.co/bitcoin-news/792/russia-is-opening-a-crypto-detective-agency/",
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      "author": "pintu938",
      "body": "Bitconnect\nSelect Language​▼\nBitcoin News\n\nRussia Is Opening A Crypto Detective Agency\n\nRussia Is Opening A Crypto Detective Agency\n31\nOCT\n2017\n share\n share\n share\n share\n share\nRussia Is Opening A Crypto Detective Agency\n\nFor the last few months, the adoption of cryptocurrencies in Russia has been a pretty hot topic. The nation's President, Vladimir Putin, has been anything but clear in his intentions, with reports hitting press on both sides of the adoption argument. Some suggested that he was open to adopting Bitcoin, while others suggested the same but also that he would require it to be regulated and traded across a government controlled exchange.\n\nOthers suggested he would follow China's lead and outright ban on exchange of cryptocurrencies like Bitcoin and stop any ICO activity.\n\nThis week, fresh reports are hitting press and – it seems – that he's finally settled on some degree of adoption.\n\nAccording to a recently released mandate from the Russian government, cryptocurrency regulatory measures will be in place in the nation by early 2018 and – concurrent to these regulations – the government will be launching two cryptocurrency agencies in Vladivostok.\n\nThe agencies are the first of their type in Russia and will be set up to perform two different tasks – one will be a crypto-detective agency and the other a crypto-advisory agency.\n\nHere's what Victor Fersht, the director of the Inter-University Center for the World Trade Organization in Russia, had to say about the development:\n\n“At the last meeting of the State Duma, a decision was taken to establish a state structure – a crypto-detective agency, the first pilot branch of which will be opened in Vladivostok and an advisory center for all those who want to start working with cryptocurrency.”\n\nThe advisory agency will initiate in mid-November and will offer services like seminars through which individuals can become registered crypto professionals in Russia. If the system is successful, expectations are that the two agencies will merge into what will become a much larger central agency in Russia going forward.\n\nLet's see how things play out.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://c.mi.com/thread-478730-1-0.html",
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      "body": "HIGHLIGHTS\nThe price drop is applicable on both variants of Mi Max 2\nFlipkart is even offering an exchange discount of up to Rs. 15,000\nYou can get the smartphone at 5 percent less using Axis Bank Buzz card\nXiaomi Mi Max 2 price in India has been permanently slashed by the company just two months after launching the handset in the country. The smartphone, originally launched in July, is now available for as low as Rs. 13,999. This represents a Rs. 1,000 discount over Mi Max 2 price for the base variant, which has 32GB storage. On the other hand, the 64GB variant of Mi Max 2 will now cost Rs. 15,999, down from Rs. 16,999. Flipkart is making the deal even sweeter by offering you an exchange discount of up to Rs. 15,000 in return of your existing handset.\n\nYou can also opt for the buyback guarantee on the e-commerce site to give you a guaranteed value of the Mi Max 2. Further, you can use your Axis Bank Buzz credit card to get an additional five percent discount.\n\nXiaomi VP and Xiaomi India MD Manu Kumar Jain confirmed the new development through a tweet on Monday. \"BIG now costs less! Announcing a permanent price drop of Rs. 1000 on both variants on #MiMax2,\" Jain tweeted.\n\nXiaomi Mi Max 2 specifications\nThe Xiaomi Mi Max 2 is the successor to the original Mi Max that was unveiled in May. The smartphone has a 6.44-inch IPS display with 1080x1920 pixels (full-HD) resolution and Corning Gorilla Glass 3 protection. Under the hood, the handset has a Qualcomm Snapdragon 625 SoC with an octa-core Cortex-A53 CPU and Adreno 506 GPU. There is a 12-megapixel primary camera sensor with f/2.2 aperture and dual-LED flash and a 5-megapixel secondary sensor with an f/2.0 aperture lens. The handset packs a 5300mAh battery and runs on Android 7.1.1 Nougat operating system with MIUI 8.0.\n\n\n \n\nIn addition the price-drop of the Mi Max 2, Xiaomi is all set to launch a new selfie-centric smartphone in India on November 3.\n\nLast Week, Xiaomi announced that it sold over four million smartphone units in India within a month. The Beijing-based company had claimed that it sold over a million devices through its Mi.com online store in the country.",
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      "body": "Not indicating that the content you copy/paste is not your original work could be seen as [plagiarism. ](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/)\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
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      "body": "Not indicating that the content you copy/paste is not your original work could be seen as [plagiarism. ](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/)\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
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      "body": "Source: https://www.forbes.com/sites/panosmourdoukoutas/2017/10/29/bitcoin-prices-above-6000-on-hopes-china-will-lift-ban/#3024b9367369\n\nNot indicating that the content you copy/paste is not your original work could be seen as [plagiarism. ](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/)\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
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      "body": "Not indicating that the content you copy/paste is not your original work could be seen as [plagiarism. ](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/)\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
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      "body": "While it may not be a scam in your opinion, it could be considered spam. Spam is not appreciated by the community and could be flagged or may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained)..\n\nSome things that can be considered spam:\n* Banner ads of any kind\n* Referral links/codes\n* Repeating the same post\n* Links to known scams, phishing sites, and other dangerous links",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://www.foxnews.com/world/2017/10/30/north-koreas-plot-to-kill-kim-jong-uns-nephew-foiled-by-chinese-officials-report-says.html",
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      "body": "Several North Korean agents were reportedly arrested after Chinese officials foiled an alleged plot to kill Kim Jong Un’s nephew— the son of the half-brother poisoned this year in a Malaysian airport.\n\nContinue Reading Below\n\n\nTwo of the seven North Korean agents who were involved in the alleged plot were arrested in Beijing, South Korean newspaper JoongAng Ilbo reported Monday, citing North Korean sources. The plot was stopped because Chinese officials increased security during the country’s 19th National Congress of the Communist Party.\n\nKim Jong Nam arrives at Beijing airport in Beijing, China, in this photo taken by Kyodo February 11, 2007. Picture taken February 11, 2007. Mandatory credit Kyodo/via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY. MANDATORY CREDIT. JAPAN OUT. NO COMMERCIAL OR EDITORIAL SALES IN JAPAN. THIS PICTURE WAS PROCESSED BY REUTERS TO ENHANCE QUALITY. AN UNPROCESSED VERSION HAS BEEN PROVIDED SEPARATELY. - RC12E9A0BED0\nKim Jong Nam was assassinated in February at Malaysia's Kuala Lumpur airport.  (Reuters)\n\"Special operatives belonging to the North's reconnaissance squad have penetrated to remove Kim Han Sol, but some of them were arrested last week by the Chinese Ministry of National Security and are currently under investigation at special facilities outside Beijing,” the source told JongAng Ilbo.\n\nKIM JONG UN'S SIBLINGS: ERIC CLAPTON MEGA-FAN, POLITICIAN, SHADOWY SISTER\n\n\nKim Han Sol, who is reportedly in his 20s, surfaced in March after he released a video confirming the death of his father, Kim Jong Nam, who was killed in February when two women smeared the banned VX nerve agent on his face at Malaysia’s Kuala Lumpur airport. Speaking in English, Kim Jong Un’s nephew showed his passport as proof of his identity and said, “my father has been killed a few days ago.”\n\nHe continued, “I’m currently with my mother and sister. We hope…” before the video’s audio abruptly cuts off. He ends with, “we hope this gets better soon.”\n\n\nContinue Reading Below\n\n\nTwo women are on trial in Kim Jong Nam’s death. They have denied being part of the assassination plot and said they were duped into thinking they were playing a harmless prank for a reality television show. The involvement of missing North Korean agents have fueled a South Korea spy agency’s claim that the attack was part of a careful plot set up by Kim Jong Un to kill his brother.\n\nThe half-brother and his family were living in exile since the early 2000s when Kim Jong Nam fell out of favor with his father, Kim Jong Il. Kim Han Sol, like many Kim family members, attended school outside of North Korea, including United World College in Mostar, Bosnia. He then moved to France to attend Paris Institute of Political Studies, the BBC reported. He is fluent in English.\n\nKim previously spoke out about his “dictator” uncle during a 2012 interview on a Finnish TV show.\n\nDeath of North Korea leader Kim Jong Un's half-brother was caused by acute VX nerve agent poisoning.\nVideo\nGovernment report: Nerve agent killed Kim Jong Nam\n\n\"I've always dreamed that one day I would go back and make things better, and make things easier for the people back there. I also dream of unification,” Kim said about North Korea.\n\nKIM JONG UN'S BIZARRE NORTH KOREA PROPAGANDA PHOTOS\n\nHe added that he spent summers in North Korea when his family was living in exile to “meet with my relatives and keep in touch with my family.”\n\n\"I don't really know how he became a dictator because first of all it was between him and my grandfather,” he said. \n\nThe North Korean despot had his uncle, Jang Song Thaek, executed in 2013 and accused him of being a \"traitor\" and committing a series of \"hideous crimes.\" Reports claimed Kim Jong Un discovered a coup devised by his uncle and Chinese government to overthrow him and his regime.",
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      "body": "Bitcoin rallied above $6000 again on Sunday afternoon on hopes that Beijing will lift regulations that halted trade of digital currency in China. Ethereum and Litecoin also rallied—see table.\n\nCoin\tChange 24H*\nBitcoin (BTC)\t7.84%\nEthereum (ETH)\t3.44\nLitecoin (LTC)\t1.07\n*As of Sunday October 29, 2017  at 4.30 pm\n\nSource: Coinranking.com\n\n\nThese hopes surfaced shortly after a story appeared on cointelegraph.com claiming that Chinese investors might be in a position to trade Bitcoin again in the near future.\n\nThough the story wasn’t confirmed by any official sources, traders didn’t want to wait\nStill, the resumption of trade in Bitcoins in China won’t be a surprise.\n\nAs we wrote in a previous piece here, China's ban on Bitcoin and other cryptocurrencies that went in effect on September 30 may be temporary, to appease hardcore communist party members ahead of the upcoming 19th party convention.\n\nChina's big government and government owned and controlled banks cannot tolerate Bitcoin. It threatens their very existence.\n\nThat's in the long term, though, when Bitcoin has the potential to replace China’s currency in everyday transactions, and as a store of value.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://www.bbc.co.uk/news/world-europe-41798254",
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      "body": "![p05lckhh.jpg](https://steemitimages.com/DQmcAFF2KgbTW98fp8XvAkubziUqJxpgCpR4JbZLddu5pnW/p05lckhh.jpg)Spain's foreign minister has repeated his government's position that the sacked Catalan leader could run in new elections in December, but stressed that meant only if he was not in jail.\n\nAlfonso Dastis spoke as a huge rally for Spanish unity was held in Catalonia's largest city, Barcelona.\n\nCarles Puigdemont was removed from office after Madrid stripped Catalonia of autonomy for declaring independence.\n\nSpain's central government has now taken control of Catalan institutions.\n\nSpain's chief prosecutor is preparing to file criminal charges against Mr Puigdemont and other Catalan officials for breaching Spanish law.\n\nThis could possibly happen as soon as Monday, the first working day since the independence declaration and the Spanish counter-measures.\n\nMr Puigdemont has said he does not recognise the order from Madrid removing him from power.\n\nMadrid's enforcer for Catalonia\nWhat next for Spain?\nMr Dastis told Sky News: \"We are not taking autonomy away from Catalonia. We are just re-establishing it, in fact.\"\n\nHe added: \"Reality is already sinking in, will continue sinking in and they will realise that they cannot do something without the authority of law and they will be usurping authority.\"\n\nImage copyright EPA Sacked Catalan leader Carles Puigdemont greets supporters at the entrance of a restaurant in Girona, 28 October 2017\nImage caption Mr Puigdemont has urged \"democratic opposition\" to direct rule from Madrid\nMeanwhile, Interior Minister Juan Ignacio Zoido has written to all police officers in Catalonia asking for their loyalty as a \"new era\" begins in the region.\n\nHe reminded members of the regional police, who are now under direct control from Madrid, of their duty to obey orders and to guarantee \"the rights and liberties of all\".\n\nThe BBC's Sarah Rainsford, in Madrid, says arresting Mr Puigdemont is likely to spark protests - and is perhaps one of the reasons why the interior minister has written this letter.\n\nSenior police officers have told the BBC that they have already complied with an order to remove framed photographs of the sacked leader from police stations across the region.\n\nRule from Madrid\n\nSpain has been gripped by a constitutional crisis since a referendum, organised by Mr Puigdemont's separatist government, was held earlier this month in defiance of a ruling by the Constitutional Court which had declared it illegal.\n\nThe Catalan government said that of the 43% of potential voters who took part, 90% were in favour of independence.\n\nFriday saw the regional parliament declare independence, with Madrid responding by declaring the move illegal.\n\nPrime Minister Mariano Rajoy then announced the dissolution of the regional parliament and the removal of Mr Puigdemont as Catalan leader, and ordered that fresh elections should be held on 21 December.\n\nWhat powers has Catalonia now lost?\nThe case for and against independence\nMr Puigdemont has urged \"democratic opposition\" to direct rule from Madrid.\n\nFlags in Catalonia and what they mean\nImage caption Flags in Catalonia and what they mean\nBelgium's Migration Minister Theo Francken has said the separatist leader could be given asylum protection which Spain would find difficult to reverse.\n\n\"If you see the situation at the moment, the prison sentences and the repression from Madrid and the prison sentences that are bandied about... the question is obviously whether somebody like that has the chance of a fair trial,\" he told Reuters.\n\nThere is no suggestion that Mr Puigdemont is seeking to leave Catalonia.\n\nHe had been expected to attend a football match in Girona, the heartland of the pro-independence movement, which saw the local team beat Real Madrid - who Mr Rajoy supports - by 2-1. But he apparently did not make an appearance.\n\nDoes Catalonia want to leave Spain?\nReality Check: Police violence in Catalonia\nBefore Madrid took over the Catalan government, the region had one of the greatest levels of self-government in Spain.\n\nIt has its own parliament, police force and public broadcaster, as well as a government and president, though those have now been dismissed.\n\nCatalans had a range of powers in many policy areas from culture and environment to communications, transportation, commerce and public safety.",
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      "author": "trendingworld",
      "body": "Hey,\n\n I just upvoted you,\n\nPlease follow me and upvote my posts...",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://blockchain-world.org/3-factors-helping-bitcoin-price-recover-near-6000/",
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      "body": "Three factors converged to help the bitcoin price recover past $5,960 on Thursday, enabling the flagship cryptocurrency to place itself within striking distance of $6,000.\n\nBitcoin Price Recovery Targets $6,000\n\nSince setting a new all-time high near $6,200 last week, the bitcoin price has struggled to maintain its forward momentum. Bitcoin received short-term support from traders due to the Bitcoin Gold hard fork, which airdropped coins equivalent to all bitcoin address balances as of block 491,407, which was mined Tuesday morning. Immediately following the fork, the bitcoin price began to plunge and eventually dipped below $5,400 as traders returned to the altcoin markets, whose market caps have hemorrhaged during October.\n\nHowever, the bitcoin price sprang back toward $6,000 on Thursday, rising as high as $5,966 on Bitfinex. Bitcoin has since tapered to a present value of $5,916, but this nevertheless represents a 24-hour increase of more than 6%.\n\nbitcoin price\nSource: BitcoinWisdom\nAs is often the case, bitcoin is trading at a premium on Korean exchanges — even a high-volume one like Bithumb. At present, Bithumb prices BTC/KRW at $6,017 — a full $102 above the global average.\n\nbitcoin price\nSource: CoinMarketCap\nFactors Behind Bitcoin’s Climb\n\nBitcoin’s present recovery appears to be the product of several converging factors. The first factor is the abysmal performance of bitcoin gold during its first few days of open trading. Although the main Bitcoin Gold network has not yet been activated, several exchanges have already credited their customers with BTG balances corresponding to their exchange wallet balances at the time of the fork. At present, bitcoin gold is trading at just $125, indicating that it has little community support and that traders are not optimistic about its future prospects. No one expected bitcoin gold to threaten bitcoin, but bitcoin’s resilience in the face of yet another public fork is likely playing a small role in its recovery.\n\nAdvertisement:\nBitcoin may also be riding a small wave of speculation ahead of Amazon’s Q3 earnings call. Last month, rumors surfaced that Amazon might announce at the earnings call that it is going to accept bitcoin. At the time, CCN reported that the source of those rumors was not credible. However, the rumor resurfaced this week in Die Welt, a widely-read German newspaper. It is unlikely that Amazon will announce that it is going to accept bitcoin, but it is possible that some traders are staking larger positions in bitcoin on the off-chance that the rumor proves to be accurate — an event that would almost certainly lead to an immediate price surge.\n\nFinally, traders and investors may be reconsidering their earlier decisions to stake larger positions in the altcoin markets following the Bitcoin Gold fork.\n\nFeatured image from Shutterstock.",
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      "body": "Congratulations @pintu938! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@pintu938) Award for the number of posts published\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.bitcoinisle.com/2017/10/28/south-korea-advances-crypto-bill-targeting-multi-level-and-door-to-door-sales/",
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      "author": "pintu938",
      "body": "South Korea is moving forward with a bill to regulate cryptocurrencies. According to the country’s Ministry of Justice, the bill will primarily focus on cracking down criminal activities including crimes perpetuated through multi-level and door-to-door sales.\n\nAlso read: Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble\n\nBill To Focus on Criminal Activities\nThe South Korean government has announced that the legislation to regulate digital currencies “is expected to focus on cracking down on criminal activities,” such as “multi-level crimes,” Yonhap News reported.\nThe existing regulation for criminal activities does not explicitly include digital currency. A digital currency task force has been set up by relevant government departments including the Ministry of Justice, the Financial Services Commission (FSC), the Ministry of Strategy and Finance, and the Fair Trade Commission. According to the publication, its task is “to clarify the grounds for punishment” for digital currency-related crimes and recommend relevant amendments to the laws and regulations.\n\nThe Ministry of Justice said last week that the punishment rule will be significantly increased from “5 years imprisonment or fines of less than 50 million won” to “10 years imprisonment or penalty of less than 500 million won,” the publication detailed, adding that:\nIt also plans to establish confiscation rules for criminal profits to increase the effectiveness of punishment.\nCurrently, there is no clear law regarding digital currencies seized as criminal proceeds. Last month, news.Bitcoin.com reported on Suwon District Court in South Korea ruling that the confiscation of bitcoins by the police in a criminal case was inappropriate.\n\nAmending Existing Regulations\nThe discipline system for virtual currency trading activities is also included in the amendment bill of the Act on Regulation of Similar Receiving Act, according to the news outlet. South Korea Advances Crypto Bill Targeting Multi-Level and Door-to-Door Sales“The purpose of this Act is to protect good traders and to establish a sound financial order by regulating ‘similar receiving behaviors’,” Article 1 of the law explains.\n“Similar receiving behavior” is defined in Article 2 of the law as “an act that does not receive authorization or permission under other laws and does not register or notify and procures funds from an unspecified number of persons.”\n\nSince the government does not view digital currencies as currencies or financial products, it is trying to regulate them through the above Act, Yonhap News detailed, adding that:\n\nThe government will set up regulations for securing consumer protection and transparency of transactions for virtual currency traders who conduct sales activities such as the sale, intermediation, and arbitration of virtual currencies in the amendment.arbitration of virtual currencies in the amendment.\nThese regulations include the obligation to prohibit transactions on the Door-to-Door Sales Act, including multi-level and door-to-door sales, the news outlet described.\n\nIn addition, the government will also amend some Financial Information Acts to impose an anti-money laundering (AML) obligation on digital currency trading including requiring exchanges to report suspicious activities to the Financial Intelligence Unit. An FSC official was quoted saying:\n\nThe amendment plan is being revised with the aim of passing the revision bill of the Act on Regulating Receiving Behavior in the National Assembly this year…We will clarify the grounds for punishment for similar receiving behaviors that imply virtual currency investment by adding the phrase ‘virtual currency or virtual currency trading.’\nWhat do you think about South Korea’s proposed regulations for cryptocurrency? Let us know in the comments section below.\n\nImages courtesy of Shutterstock.\n\nNeed to calculate your bitcoin holdings? Check our tools section.\n\nBitcoin Daily News Round-up\nCustomize topics to your interests.\nJoin Now\n\nYour Email\nTAGSAMENDMENTSBILLBITCOINBITCOIN EXCHANGESCONFISCATIONCRYPTOCURRENCYDEPARTMENT OF JUSTICEDIGITAL CURRENCYIMPRISONMENTKOREANLAWMINISTRYN-FEATUREDPENALTIESPUNISHMENTRECEIVING ACTREGULATIONSOUTH KOREATRADINGVIRTUAL CURRENCY\nSHARE Facebook Twitter\n\nKevin Helms\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.\n \n\nSIGN UP FOR THE BITCOIN . COM NEWSLETTER\nBitcoin News delivered to you!\nWhen?\n\nDaily Weekly\nBitcoin.com Mining\n$5716.13 BTC/USDMktCap\n$95.2B\nHigh\n$6020.30\nLow\n$1331.93\nSupply\n16.7M\nBlocks\n492140\n0.3%$19.60 Oct 29, 2017 9:07 AM\n</>\nIN CASE YOU MISSED IT\n\nExtreme Cold Storage: A Fortress of Solitude for Bitcoins. Many bitcoin investors use hardware devices, paper wallets, and multi-signature solutions to keep their wealth safe from online threats such as hackers and malicious viruses. However, there are more extreme cold storage options for those who have lots of bitcoins… read more.\n\nPRESS RELEASES\nBankera Banking on Blockchain\nPR: Bankera Announces ICO Details for its Blockchain-Era Banking Service\nOct 28, 2017\nUTRUST-Blockchain-Payments\nPR: UTRUST Attending Blockchain Conferences in Europe, Asia and North America...\nOct 27, 2017\nTeeka Tiwari Free Cryptocurrency Training\nPR: Palm Beach Research Group Hosting a Free Cryptocurrency Training and...\nOct 27, 2017\nSubmit a Press Release\nAVAILABLE FOR ANDROID AND IOS: TRY OUT THE NEW BITCOIN .COM MOBILE WALLET\n\nARE YOU OUR NEXT STAR?\n\nIf you’re an experienced reporter, your English is perfect and your knowledge-level on Bitcoin is to the moon read more here.\n\nBitcoin.com Mining",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"news\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "permlink": "south-korea-advances-crypto-bill-targeting-multi-level-and-door-to-door-sales-regulation-17-hours-ago-or-kevin-helms-or-4690-or",
      "title": "South Korea Advances Crypto Bill Targeting Multi-Level and Door-to-Door Sales REGULATION 17 hours ago | Kevin Helms | 4690 | 1 South Korea Advances Crypto Bill Targeting Multi-Level and Door-to-Door Sales"
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  "timestamp": "2017-10-29T03:38:27",
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