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Government Bitcoin Crackdowns Start

Polipace Staff

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Bitcoin prices were reeling on Thursday, following reports that South Korea’s government plans to ban cryptocurrency trading.

South Korea’s Justice Minister Park Sang-ki said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges, Reuters reported.

“There are great concerns regarding virtual currencies and the justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park said told a news conference, according to Reuters.

But, after bitcoin collapsed, a few hours later South Korea’s presidential office said a ban on the country’s virtual coin exchanges had not yet been finalized, though it was one of the measures being considered.w

In South Korea, police and tax authorities raided local exchanges on alleged tax evasion, Reuters reported.

Government bodies around the world have been clamping down on bitcoin in some form. Last weekend, Bloomberg reported that Chinese authorities had outlined proposals to discourage bitcoin mining. Bitcoin miners are prevalent in China due to low operational costs.

“It’s going to be a nightmare for people who are worried about doing the right thing,” Andrew Schaefer, a federally licensed tax expert in Florida who represents taxpayers before the Internal Revenue Service, said to WaPo. At stake this year could be tens of billions in profit and perhaps more, Schaefer said, judging by the surge of interest in bitcoin. A significant chunk of that could be subject to federal and state taxes based on how many people sold their assets.

Polipace.com is an independent political news site dedicated to exposing the truth.

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International

Christian Leader Robert Jeffress Condemns Jews to Hell During Speech at Jerusalem Embassy Opening.

Polipace Staff

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Robert Jeffress, one of Trump’s personal religious leaders decided to insult the entire National of Israel today, by condemning all Jews to hell during the opening of the American Embassy in Jerusalem.

Robert Jeffress says ‘you can’t be saved by being a Jew,’ and ‘Mormonism is a heresy from the pit of hell.’ He’s said the same about Islam,” Said Mitt Romney, who is running for a Senate seat representing Utah, wrote. “Such a religious bigot should not be giving the prayer that opens the United States Embassy in Jerusalem.”

The Anti-Defamation League also criticized Jeffress on twitter, writing: “Today is a day of celebration as the US Embassy opens in Jerusalem. The choice of Pastor Robert Jeffress to offer a prayer sends exactly the wrong message. Jeffress has a history of bigoted comments about LGBTQ people, Jews, Muslims, Christians and other religions.”

Other’s agreed

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GOP

Alexander Nix, CEO of Cambridge Analytica has been Suspended by Board

Polipace Staff

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Alexander Nix, the CEO of Cambridge Analytica, the firm at the heart of the data-mining scandal, has been suspended.

The company said in a statement: “The board of Cambridge Analytica has announced today that it has suspended CEO Alexander Nix with immediate effect pending a full, independent investigation.

“In the view of the board, Mr Nix’s recent comments secretly recorded by Channel 4 and other allegations do not represent the values or operations of the firm and his suspension reflects the seriousness with which we view this violation.”

Cambridge Analytica said its chief data officer Alexander Tayler had been appointed acting chief executive while an investigation was carried out by Julian Malins QC whose findings they would “share publicly in due course”.

“The board will be monitoring the situation closely, working closely with Dr Tayler, to ensure that Cambridge Analytica, in all of its operations, represents the firm’s values and delivers the highest-quality service to its clients.”

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Crime

Ex-French president Nicolas Sarkozy arrested over campaign financing

Polipace Staff

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Former French president Nicolas Sarkozy is being held by police in connection to alleged campaign funding from late Libyan dictator Muammar Gaddafi.

Mr Sarkozy is being questioned as part of an investigation into “irregularities” in election campaign financing, a French court source told Reuters.

He is said to have accepted €50m from Muammar Gaddafi’s regime, claims which have been repeated by the late Libyan dictator’s son and French businessman Ziad Takieddine.

The amount would be more than double the legal spending limit in French elections at that time, which was €21m.

Alleged payments would also violate French laws on foreign financing and declaring the source of campaign funds.

Mr Sarkozy and his campaign manager have repeatedly denied accepting money from Libya.

According to Le Monde, this is the first time Mr Sarkozy has been questioned in relation to this investigation, which was opened in April 2013.

He can be held for up to 48 hours and presented to a magistrates’ court for indictment if police seek charges.

Mr Sarkozy has already been ordered to stand trial in a separate case, concerning the financing of his 2012 re-election campaign, when he lost to Francois Hollande.

In March 2011, Saif al Islam Gaddafi, the late dictator’s son, told Euronews: “Sarkozy has to give back the money he accepted from Libya to finance his electoral campaign. We financed his campaign and we have the proof…

“The first thing we’re demanding is that this clown gives back the money to the Libyan people.”

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