Switzerland allows the payment of taxes with Bitcoin and Zermatt

The growing market for altcoins. With a Bitcoin of over $ 9,300, the alcohol market in turn received a growth boost. In the last 48 hours, most cryptocurrencies have increased between 5 and 15%.

Cardano (ADA), for example, managed to enter the top 10 market cap, surpassing Ethereum Classic (ETC). This happened despite the fact that ETC increased by almost 15% in 24 hours, while ADA growth was 9%.

Litecoin seems to have exceeded the $ 60 threshold, while EOS has managed to reach $ 4 and continues to grow.

Other altcoins that received a double-digit boost this Wednesday include Zcash, Bytecoin, Siacoin and Nexo, according to CoinmarketCap.

Another city in Switzerland allows the payment of taxes with Bitcoin

Zermatt Municipality is now the second location in Switzerland where taxpayers can pay their taxes in Bitcoin (BTC).

The new option is offered by Zermatt authorities together with Swiss financial services company Bitcoin Suisse.

According to a Bitcoin Suisse announcement, Zermatt began accepting Bitcoin as a means of payment for local taxes and transactions on January 28, 2020.

Taxpayers can pay online or through the Bitcoin Suisse POS device installed at the City Hall. To pay Bitcoin taxes online, taxpayers will need to apply directly to the Zermatt Tax Office for approval.

Switzerland’s city of Zug allows the payment of taxes with Bitcoin in 2016, the first Swiss city to accept cryptocurrency.

Binance and Paxos seem to restrict users using coin mixing services

According to a report published by newsBTC, Paxos appears to be the second major exchange that restricts the use of coin mixers.

One of the users received a notification from the platform support team that the use of these services is not allowed.

At the end of last year, NewsBTC reported a similar experience to a Binance Singapore user.

The user withdrew Bitcoin to Wasabi, a wallet with a built-in coin mixing service. Binance froze his account and requested information on the nature of the transaction, including the user’s annual revenue.

These reports are still isolated, but are likely to occur more frequently, given the platforms’ attempt to comply with KYC / AML regulations. One of the main fears of the authorities is that crypto assets allow money laundering. In general, coin mixing services are considered a tool for concealing such financial crimes.

OneCoin used fake reviews to protect its image

A new research report reveals that OneCoin scam has been trying to protect its reputation with fake reviews on TrustPilot and Quora.

Digital Forensic Research Lab (DFRLab), an entity within the American think tank AtlanticCouncil, has published a report on its blog. Apparently, the wave of reviews was posted as soon as information on the OneCoin authorities’ investigations began to appear in the press.

DFRLab researchers found that in October last year, OneCoin received a series of five-star reviews on the TrustPilot customer rating site.

“Of the 579 OneCoin reviews on the site, 90% were positive. Of the five stars, about 400 were published within a single month. ”

A similar situation was recorded on Quora, where questions about cryptocurrencies were frequently answered by accounts promoting OneCoin.

The conclusion of the report is that this was an attempt by the scammer to combat the negative news regarding investigations.