5 Bitcoin, Blockchain and DeFi News

OKCoin communicated that to suspend trading of bitcoin cash (BCH) and bitcoin SV (BSV) on March 1 due to the « commitment of the platform to protect Bitcoin ». OKCoin CEO Hong Fang said the company is « very disturbed by the copyright claim and threat of legal action that Craig Wright is taking against the open source community. » And he added that « if we continue to allow BSV trading on our platform, we run the risk of implicitly supporting such an attack on the open source nature of Bitcoin, which is highly destructive to the Bitcoin ecosystem. »

The Authority of Thailand Tourism (TAT) wants to establish Thailand as the first country to welcome cryptocurrency holders by targeting Japanese tourists in the initial phase. The TAT is conducting a feasibility study on the implementation of digital currency in tourist destinations.

The Central Bank of Russia is excited about the idea of ​​the country’s commercial banks issuing stablecoins. The first deputy governor of the Central Bank, Olga Skorobogatova, stated at a meeting of financial industry leaders that discussions on the matter are ongoing and will « definitely continue », adding that the Central Bank would continue to analyze « the benefits and the pros and the cons ”of the issuance of stable coins.

PayBito communicated that temporarily stopped its XRP trading function in light of Ripple’s regulatory crackdown. « PayBito will likely monitor legal developments associated with XRP and update users accordingly as more information unfolds, » the US-based exchange explained.

The russian parliamentarians are getting closer to pass a controversial tax bill, after the state Duma voted in favor of the first draft of the measure. The bill proposes to criminalize the crime of not reporting crypto earnings on tax returns and could see taxes collected from merchants starting next year.

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