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China FUD Back into Effect as Three Self-Regulating Bodies Reiterate Country’s Anti-Speculation Stand on Crypto
Affecting the cryptocurrency prices since 2013, China banning Bitcoin FUD is back amidst the ongoing market volatility, sending BTC price back in the 42k-46k range. The post China FUD Back into Effect as Three Self-Regulating Bodies Reiterate Country’s Anti-Speculation Stand on Crypto first appeared on BitcoinExchangeGuide. дальше »
2021-5-19 19:48 | |
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Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn
Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. дальше »
2021-5-18 08:30 | |
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Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran
Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. дальше »
2021-5-17 13:00 | |
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Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset
The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system. дальше »
2021-5-15 06:30 | |
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Bank of Korea to Monitor Crypto Transactions Using Financial Records
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. дальше »
2021-5-15 05:00 | |
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Report: Colonial Pipeline Paid $5M Worth in Crypto to Ransomware Gang, Restarts Services
The global oil market was shaken by news from the United States as a ransomware attack hit the largest oil infrastructure operation in the country. A recent report claims hackers asked Colonial Pipeline to pay for an undisclosed amount in ransom to unlock the firm’s system – a demand the company allegedly fulfilled. Darkside Gang […] дальше »
2021-5-15 23:00 | |
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Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich […] дальше »
2021-5-14 10:00 | |
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State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies
The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The software allows users to make payments, save funds or invest in various assets, with a commitment to a level of security provided only by the country’s leading online banks. […] дальше »
2021-5-14 03:30 | |
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Bosnia And Herzegovina To Draft Crypto Bill In A Move To Regulate Digital Asset
Bosnia and Herzegovina, a European country in the Balkans region could start regulating the crypto environment within its territory. The country is preparing to draft a bill that would help establish a regulatory framework for cryptocurrencies within its territories. дальше »
2021-5-13 02:33 | |
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MoneyGram Partners With Coinme to Enable Customers Buy Bitcoin in the U.S.
Money transfer giant MoneyGram would allow users in the United States to buy and sell bitcoin at its retail stores across the country. MoneyGram Enabling Retail Bitcoin Purchase In a press release on Wednesday (May 12, 2021), the company inked a partnership deal with major cryptocurrency cash exchange Coinme to allow U.S. customers buy andRead More дальше »
2021-5-13 01:00 | |
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Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies
A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. дальше »
2021-5-13 00:30 | |
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Bank of Israel Latest to Explore CBDC
Israel is the latest country to join the increasingly competitive CBDC race. Israel Plans to Launch Digital Shekel According to a report by Ledger Insights on May 12, the Bank of Israel recently released a working paper on a central bank digital currency (CBDC) that is intended as a basis for discussion and feedback. Notably,Read More дальше »
2021-5-12 13:01 | |
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South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy
A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’ altcoin activity. дальше »
2021-5-12 10:00 | |
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Launch of Bitcoin ETFs in the U.S. could see further delays, here’s why
Several industry leaders say recent comments by US Securities and Exchange Commission (SEC) chairman Gary Gensler have delayed the possible launch of a Bitcoin exchange-traded fund (ETF) in the country, financial industry outlet Bloomberg reported Tuesday. дальше »
2021-5-12 04:00 | |
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Indonesia Ponders on Plan to Tax Crypto Trading Gains
Indonesia is mulling imposing tax on profits gotten from cryptocurrency trading, as the nascent industry sees exponential growth in the Southeast Asian country. Indonesia Could Impose Tax on Crypto Trading According to Reuters on Tuesday (May 11, 2021), an Indonesian tax official, Neilmaldrin Noor, told the news outlet that the proposal to tax profits onRead More дальше »
2021-5-12 01:00 | |
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Korean banks sound alarm as altcoins volumes grow in the country
The Korea Federation of Banks (KFB) has recently urged its members to estimate the total number of altcoins their crypto exchange clients are offering to measure risks associated with them, local outlet The Korea Herald reported yesterday. дальше »
2021-5-11 19:00 | |
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Kazakhstan’s government to create roadmap for developing crypto market
Kazakhstani authorities plan to improve their regulatory approach in order to strengthen the country’s position in the global crypto market. дальше »
2021-5-11 13:01 | |
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Former Indian Finance Secretary Calls for Crypto Regulations
India as a country has a complicated relationship with the cryptocurrency industry. At a point in time, there was a ban put in place that essentially meant that crypto-related businesses could not operate and have access to banking services. дальше »
2021-5-11 21:00 | |
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South African Tax Collector Targeting Crypto Investors in Its Bid to Raise Extra Revenues
Latest reports from South Africa suggest that the country’s tax agency will now be targeting cryptocurrency investors as it attempts to increase the total value of revenues collected. Alongside high net worth individuals and offshore investors, digital currency holders now constitute an area that is “likely to yield much of the extra tax” for the […] дальше »
2021-5-10 10:00 | |
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Central Bank of Iran Bans Foreign Deposits; ‘Locally-Mined BTC Only’ Policy for Bitcoin Users
Iran’s central bank has introduced a ban on all Bitcoin (BTC) – just not those mined in the country. According to a report by Iran International, Bank Markazi, the central bank of Iran (CBI) has prohibited the trading of Bitcoin not mined in the country. дальше »
2021-5-8 18:12 | |
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Bitcoin exchange Kraken to probe user accounts after U.S. court dictum
The United States Internal Revenue Services, the country’s main body responsible for collecting taxes and administering the Internal Revenue Code, will probe users of crypto exchange Kraken after a court order, news outlet Reuters said this morning. дальше »
2021-5-7 21:00 | |
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Argentines Turn to Crypto to Escape Worsening Economic Situation
Argentina’s high inflation rate, a collapsing peso, and worsening economic crisis have caused citizens to seek refuge in bitcoin and other cryptocurrency assets. Argentina Citizens Purchase Crypto to Safeguard Assets Argentina has suffered a recession since 2018, with the advent of the coronavirus pandemic further dealing a heavy blow to the country’s economic situation. Also,Read More дальше »
2021-5-6 23:00 | |
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Dogecoin volumes in Korea exceeded those of its entire stock market yesterday
South Korean crypto exchanges processed more Dogecoin trades yesterday than the average volume of stocks traded on the country’s traditional exchanges, data from multiple sources shows. The post Dogecoin volumes in Korea exceeded those of its entire stock market yesterday appeared first on CryptoSlate. дальше »
2021-5-5 19:00 | |
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Venezuelan Minimum Wage Reaches $3 as More Venezuelans Take Refuge in Cryptocurrencies
The president of Venezuela, Nicolas Maduro, approved a minimum wage raise increase last week that took it to three dollars monthly, a very low income for the citizens of the country that are facing a strong economic crisis since 2013. дальше »
2021-5-5 10:00 | |
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Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, […] дальше »
2021-5-5 22:00 | |
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Thailand mandates ‘in-person’ KYC for crypto traders
Thailand’s crypto traders will be soon required to be physically present for opening an account at one of the many exchanges and wallet providers based in the country, local outlet Bangkok Post reported today. дальше »
2021-5-3 16:00 | |
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South Korea: Over 50% of Survey Respondents Support Crypto Tax Law
Despite growing dissent with the planned crypto tax law in South Korea, a recent survey has surprisingly shown a significant level of support for the tax plan. Meanwhile, the country’s government appears set to move forward with the application on the new tax regime come January 2022. дальше »
2021-5-4 15:00 | |
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Thailand set to tighten rules for opening new accounts at crypto exchanges
Thailand’s financial watchdogs are gearing up to introduce new policies that will require crypto exchanges to verify the identities of new users in person. The country’s Anti-Money Laundering Office (AMLO) will mandate exchanges to use a dip-chip machine for identity verification starting July 2021. дальше »
2021-5-3 14:22 | |
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China’s Central Bank To Work With Alibaba’s Ant On Digital Yuan
Per a report by VOA News, Alibaba Group’s affiliate Ant Group has signed a partnership with the People’s Bank of China. The partners will work to build a platform for the country’s central bank digital currency (CBDC). дальше »
2021-5-3 23:50 | |
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Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges
The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The Official Gazette […] дальше »
2021-5-3 10:30 | |
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Has England intensified efforts to roll out its own CBDC?
The Bank of England (BoE) is publishing a job opening, indicating there is a vacancy for a senior expert on central bank digital currencies (CBDC). The job opening is a confirmation that the country is thinking about the design, feasibility, ad implementation of its CBDC. дальше »
2021-5-2 15:55 | |
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Russian Media Outlet Asks for Crypto Donations After Being Labeled ‘Foreign Agents’ by the Kremlin
Russian authorities have recently labeled one of the leading independent media outlets in the country as a “foreign agent. ” Such a maneuver led Meduza to set up a fiat and crypto fundraiser to survive the consequences of labeling. дальше »
2021-5-2 09:30 | |
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Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam
Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds. дальше »
2021-5-1 21:30 | |
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Cricket Legend Brett Lee and Sportsbet.io both ‘bowl a Bitcoin’ as Crypto Community Supports the Covid Crisis in India
April 30th, 2021,Tallinn, Estonia — Sportsbet. io and Australian cricket legend Brett Lee are both ‘bowling a Bitcoin’ to help bring much-needed medical supplies and support to India during the ongoing Covid crisis in the country. дальше »
2021-5-1 18:04 | |
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Uzbekistan presidential agency mulls lifting the ban on crypto trading
The National Agency for Project Management under the President of the Republic of Uzbekistan (NAFT) is contemplating lifting the ban on crypto trading in the country. A report unveiled this news on April 30, citing an official document that the agency issued. дальше »
2021-5-1 17:23 | |
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Cricket Legend Brett Lee and Sportsbet.io both ‘bowl a Bitcoin’ as Crypto Community Supports the Covid Crisis in India
April 30th, 2021, Tallinn, Estonia — Sportsbet. io and Australian cricket legend Brett Lee are both ‘bowling a Bitcoin’ to help bring much-needed medical supplies and support to India during the ongoing Covid crisis in the country. дальше »
2021-4-30 16:16 | |
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Cardano (ADA) launches another project in Africa, this time in Tanzania
Cardano (ADA) has taken more steps to solidify its interest in the African market. The network recently announced another partnership in Tanzania to facilitate financial empowerment, digital identity, and internet connectivity to rural communities in the country. дальше »
2021-5-1 15:12 | |
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Cardano Africa Special reveals second major partnership, this time with Tanzania
The East African country of Tanzania will partner with Cardano’s parent company IOG to facilitate mobile internet connectivity, digital identity, and financial empowerment to rural communities in the country. дальше »
2021-4-30 23:30 | |
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South Korea reportedly set to approve cryptocurrency-focused fund
Regulators in South Korea are reportedly set to give the green light for the country’s first crypto-related investment fund.
дальше »2021-4-29 18:30 | |
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Turkey considers crypto regulation following the collapse of two exchanges
Turkish authorities are planning to start regulating the cryptocurrency space in the country after two local crypto exchanges allegedly conducted an “exit scam” within a week, as per a report on business news outlet Bloomberg yesterday. дальше »
2021-4-29 00:00 | |
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Ethiopia’s Ministry of Education Partners With IOHk’s Cardano (ADA) for Blockchain-Based ID System
Cardano developer IOHK is collaborating with the Ethiopian government on digitalizing the country’s education system. Blockchain ID for African Schools The new partnership will see Cardano develop a digital ID solution to be integrated into the country's education sector. дальше »
2021-4-29 19:43 | |
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Turkey Looking To Establish Central Bitcoin Custodian Bank Following The Sudden Collapse Of Two Crypto Exchanges
The last week has been an interesting one in the Turkish crypto space. Two of the biggest exchanges in the country, Vebitcoin, and Thodex shut down following allegations of mismanagement and a change in the current financial landscape. дальше »
2021-4-28 15:18 | |
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