Local news agency Yonhap reports that South Korean government has announced Monday, Jan. 22
that it will be collecting a 22 percent corporate tax and a 2.2 percent local income tax from the country’s cryptocurrency exchanges

The tax announcement comes right after the conclusion of an unprecedented anti-money laundering probe into six major South Korean banks that showed a 36 times increase in commissions from virtual accounts linked to crypto exchanges, from 61 mln won ($57,340) in 2016 to 2.2 bln won ($2 mln) in 2017

Yonhap reports that South Korean exchange Bithumb made 317.6 bln won ($295,368,000) last year in total, so is expected
to pay about 60 mln won in taxes, according to the tax percentages announced Monday

The announced tax percentages are in line with the South Korean tax code for all corporations that make a yearly income
of over 20 bln won ($18.7 mln)

Bithumb, which is the largest exchange globally at $2.85 bln daily trading volume as of press time, was hacked in February 2017,
losing about $7 mln in mostly Bitcoin and Ether. This security breach, along with several other breaches of South Korean exchanges, has recently been more definitively linked to North Korean hackers

The South Korean government has recently been stepping up enforcement of cryptocurrency regulation within the country.
Besides ordering the financial probe, the government has banned the use of anonymous virtual accounts, frozen the
opening of new virtual accounts, and forbid underage and foreign users from trading on exchanges

The South Korean public has fought back with a petition to stop the recent government regulations. After reaching
the necessary 200,000 signatures the petition is currently awaiting an official response from the governmen

apa kira2 kiripto yg punya potensi seperti BTC.?

What is the best altcoin  (ftp://altcoin)market right now?

Yale economics professor and Nobel Laureate Robert Shiller has admitted in an interview with CNBC Thursday,
Jan. 18., that he now“doesn’t know what to make of Bitcoin ultimately”after earlier calling it “the best example of a bubble

In fresh comments Thursday, several months after he told host Brian Kelly it was Bitcoin’s “story” not its value
that had sparked public interest in it, Shiller told reporters“it [Bitcoin] has no value at all unless there is some
common consensus that it has value. Other things like gold would at least have some value if people didn't see it
as an investment,repeating a common narrative that investment in Bitcoin is like the 17th-century Tulip Mania

Though he admitted his uncertainty as to what Bitcoin’s fate will be, Shiller Though he admitted his uncertainty as to what Bitcoin’s fate will be, Shiller overall remains sceptical, stating

Bitcoin] might totally collapse and be forgotten and I think that's a good likely outcome but it
could linger on for a good long time, it could be here in 100 years]could be here in 100 years

Bitcoin’s two-day slump this week has partially recovered to challenge $12,000]recovered to challenge $12,000, making it worth over
160 percent more than when Shiller made his previous bubble claims in early September, 2017

Sheila Bair, former US Federal Deposit Insurance Corporation (FDIC) chair, told CNBC’s“Fast Moneyto ld CNBC’s“Fast Money”
on Friday, Jan. 19 that there is no precedent to ban Bitcoin (BTC) as an asset, but there is a need for additional
regulation of digital currencies

Bair had previously written a December 2017 op-ed on Yahoo]December 2017 op-ed on Yahoo along the same theme of more regulation without any bans against BTC

In the“Fast Money”interview Friday, Bair reiterated that while, we don’t ban assets,regulating crypto markets is necessary to prevent both money laundering and the potential for market manipulation

Bair looks favorably on CBOE]CBOE and CME’s recent releases CME’s recent releases of Bitcoin futures contracts, saying

I think that the fact that CME and CBOE launched futures actually could help because that will actually also give them [government regulatory bodies] a window into providing, getting more reporting from the underlying Bitcoin exchanges that are feeding prices into their futures products. It will give the CFDC a window and some information to make sure there’s no manipulation going on

Bair’s current main concern with Bitcoin is that the public may be attracted by the promise of high returns and begin investing in Bitcoin and other digital currencies without a clear understanding of what these products are

I think there’s a lot of confusion between Bitcoin and blockchain technology

In regards to the public’s overall understanding of cryptocurrencies, Bair says

Bair currently serves on the board of Paxos, a fintech company working with Blockchain technology. She noted during the CNBC interview that she does not own Bitcoin

After lurking in investment shadows for a number of years, cryptocurrencies (ftp://cryptocurrencies) have recently broken out into
the mainstream. While Bitcoin hogged most of media attention media and attracted a large portion of newly minted
cryptocurrency investors thus far, Blockchain technology (ftp://Blockchain technology) has started to garner mainstream interest. Investors in
conventional stocks and assets are slowly migrating towards cryptocurrencies. However, those are still very new, very
volatile and their market is not easy to navigate. Here is where NaPoleonX comes in. The budding company will merge
algorithmic, quantitative asset management with Blockchain technology to make investing in cryptocurrencies more facilitated,
secure and profitable

                                                    Conventional trading with smart contracts

In anticipation of broad conventional asset tokenization, the highly experienced NaPoleonX team has innovated the
Decentralized Autonomous Fund (DAF) that makes investing in both cryptocurrencies and conventional assets on the same
platform possible and robust. As trading bots are posing a real challenge to conventional asset management methods,
 being more effective and cost-efficient, NaPoleonX is introducing algorithms so that cryptocurrencies can be traded
securely and transparently. In short, NaPoleonX is an innovative investment platform devoted to cryptocurrency holders

In addition to capitalizing on the potentials of asset tokenization and presenting DAFs, NaPoleonX is also introducing the advantages
of smart contracts to conventional trading like enhanced security and reduced transaction fees. Up until now, only crypto-traders were able to reap these benefits

Even though, so far, Bitcoin and Ethereum market capitalization levels only represent a fraction of the market for other assets, that is bound to change. Crypto-trading can expand beyond altcoins and into real assets.This would mean more diversification for investors and an incredible amount of value transfer to the crypto world

                                                                    Underlying technology and NPX Token

The platform is described as an algorithmic crypto-asset manager. This means that the trading bots will be designed and
operated to make optimal investment decisions for traders. Each DAF uses one or a combination of trading bots to fulfill its
purpose

NaPoleonX smart contracts will be deployed through the Napoleon Crypto SAS company, which will hold intellectual rights
for the first ten DAFs created on the platform. This intellectual property will be shared with NPX token holders. NPX token
holders can get access to buy-sell signals and they are entitled to revenues from sub-licensing according to rules and regulations created by the company. Buy and sell signals are provided to NPX token holders in three speeds depending on the proportion
of NPX tokens that they hold

NaPoleonX will give access to DAFs on its platform, some of which may be reserved for more experienced investors and will adhere
to specific regulations. These precautions are due to the fact that NaPoleonX is the first platform of its kind to offer very scalable investments (more than $100 mln). It is important to mention that DAFs can be continuously proposed to NPX token holders with
a diversity of governance models, Boton consumption and underlying Blockchains

                                                                                                    ICO launch

NaPoleonX answers two questions. The first one relates to the use of Blockchain technology in investment beyond the crypto-world and the second one relates to the merger of conventional and crypto-trading. In Blockchain-based algorithmic asset management, investors will find a solution to both profitability and security

It is an exciting project, to say the least, that has a leg up on its competitors for many reasons, most important of which being the extensive experience brought forth by its team members. Indeed the seasoned team brings many years of experience in designing and running high-performance trading bots

NaPoleonX will be fully regulated and licensed, and Napoleon Crypto SAS already has 20 high performing strategies which enable the creation of 10 DAFs. The ICO for this ambitious project will be launched Jan. 22nd and the team is aiming to collect €15 mln

Bitcoin exchanges are under fire in India, as many of the nation’s top banks have suspended or greatly curtailed functionality on exchange accounts. State Bank of India (ftp://India) (SBI), Axis Bank, HDFC Bank,ICICI Bank and Yes Bank have all taken strong action toward crypto exchanges, either closing accounts or severely limiting functionality.The banks cite the risk of dubious transactions, according to local reports (ftp://reports).

The news follows the request of advocate Bivas (ftp://request of advocate Bivas) Chatterjee who recently filed a public interest litigation (PIL) in Calcutta to impose immediate regulations on Bitcoin and other cryptocurrencies (ftp://cryptocurrencies). Additionally, the Ministry of Finance referred to Bitcoin as a ponzi scheme (ftp://referred to Bitcoin as a ponzi scheme) before the end of last year

The international mood toward Bitcoin has continued to tighten, particularly with US Treasury secretary Steven Mnuchin stating (ftp://Steven Mnuchin stating) that the G20 nations will begin working together to make sure that Bitcoin and other cryptocurrencies are properly regulated