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China conducts one of the biggest public CBDC tests
China is slowly approaching the time when its CBDC will be publicly available across the country. For now, however, the country is still conducting tests, and one of its biggest trials just took place over the last few days. дальше »
2020-10-12 12:57 | |
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$60.2M tax on Bithumb has no legal basis, claims South Korean lawmaker
South Korean crypto-exchange Bithumb was in the news this year after it was levied a tax of 80. 3 billion won ($60. 2 million) by the country's National Tax Service (NTS). Bithumb, for its part, was The post $60. дальше »
2020-10-10 17:30 | |
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Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency
A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage of the new government-backed digital currency. дальше »
2020-10-10 17:15 | |
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Shenzhen has a new plan for promoting digital yuan
As China continues down the path to issuing its own CBDC across the country, some of its regions are already prepared to help contribute in any way they can. Shenzhen, for example, recently revealed a new program that will see it issue 10 million yuan ($1. дальше »
2020-10-10 14:32 | |
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Massive Protests Led to Suspension of SWIFT and Banking Activities in Kyrgyzstan
Kyrgyzstan has suspended the SWIFT system and recommended that banking activities be halted until the severe political unrest in the country stabilizes. Massive protests broke out after parliamentary elections as the opposition stormed government buildings and forced the prime minister to resign. дальше »
2020-10-9 21:15 | |
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Japan’s Central Bank to Launch Its Digital Yen Pilot in 2021; China’s CBDC Accelerating Timeline
Japan is playing catch up to China’s CBDC plans, Kenji Okamura, vice-finance minister for international affairs, said in an online seminar on Friday, as Reuters reported. Speaking on the dangers of being left behind by the largest Asian economy in digital currencies, Okamura called for the country to move towards developing its own digital yen. дальше »
2020-10-9 17:44 | |
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AMDAX Secures First Cryptocurrency Service Registration With the Dutch Central Bank
Coinspeaker AMDAX Secures First Cryptocurrency Service Registration With the Dutch Central BankThe Amsterdam Digital Asset Exchange (AMDAX) has completed what is described as The Netherlands’ first cryptocurrency service registration with the country’s apex bank De Nederlandsche Bank (DNB). дальше »
2020-10-10 15:38 | |
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South Korea Lawmakers Mull New Crypto Legislation
South Korea’s National Assembly is working with industry stakeholders to draft a “Virtual Asset Business Law. ” With the country falling behind the likes of China in the emerging digital economy, South Korean lawmakers and blockchain industry insiders are working to create clear-cut regulations for digital assets. дальше »
2020-10-8 18:57 | |
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Swiss Crypto Hedge Fund opened to the public from TheKryptoBank
If you’ve ever taken a trip to a country that uses a different currency than your own, you must have visited a Currency Exchange shop and exchanged some of your country’s currency with your destination country’s currency. дальше »
2020-10-8 18:08 | |
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Major XRP Price Rebound Expected as Ripple Plans Relocation
XRP is giving signs of a significant price rebound as its backer, Ripple Labs, said that it plans to move out of the US. The San Francisco-based blockchain company iterated via its co-founder Chris Larsen that it may shift to a crypto-friendly country – the UK, Switzerland, Japan, or Singapore – because of America’s enforcement-focused […] дальше »
2020-10-9 16:00 | |
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Kyrgyzstan Halts Payment Systems During Political Upheaval
The National Bank of Kyrgyzstan has halted payments using the international SWIFT system amid political upheaval. Authorities say this was done to, “prevent capital from leaving the country. ” New Government, No Cash In a YouTube video published on Oct. дальше »
2020-10-8 22:15 | |
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Ripple Will Leave the US for Friendlier Crypto Jurisdictions Abroad, Says Exec Chris Larsen
Ripple, as one of the most prominent and regulatory compliant US-based blockchain companies, has threatened to leave the country, following what it sighted as an extremely hostile atmosphere towards the cryptocurrency industry. дальше »
2020-10-8 18:17 | |
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Kyrgyzstan’s central bank suspends SWIFT to prevent capital outflow
The bank is shutting down the SWIFT network as protests rocked the country.
дальше »2020-10-8 17:11 | |
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The Netherlands bank starts offering accounts for utility tokens
Rabobank, one of the banks from the Netherlands, just became the first bank in the country to offer accounts for utility tokens. It currently facilitates the 2Tokens Foundation with a bank account, and the move represents a massive step in the right direction for crypto adoption, as well as for applying tokenization in modern society. дальше »
2020-10-7 12:01 | |
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FCA bans the sale of crypto-derivatives to retail customers in the U.K.
The United Kingdom Financial Conduct Authority (FCA) has published a new set of rules banning the sale of crypto derivatives to retail consumers in the country. The post FCA bans the sale of crypto-derivatives to retail customers in the U.K. appeared first on CryptoSlate. дальше »
2020-10-7 01:13 | |
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Asia Is ‘Best Positioned’ for Economic Recovery, Goldman Sachs Analyst Says
Coinspeaker Asia Is ‘Best Positioned’ for Economic Recovery, Goldman Sachs Analyst SaysAsian markets have surged to a 2-week high being fueled by a series of events followed by the Goldman Sachs tip on the country’s potential economic recovery. дальше »
2020-10-6 13:23 | |
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So how does China feel about DeFi?
Since President Xi Jinping’s announcement last year to prioritize blockchain development in China, the country has been the first to launch its CBDC, created the BSN network, and applied for a recorThe post So how does China feel about DeFi? appeared first on AMBCrypto. дальше »
2020-10-2 22:30 | |
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Venezuela announced a trial of a new decentralized stock exchange
Venezuela is back with another crypto-revolving idea, and this time, the country is planning to launch a crypto-powered decentralized stock exchange. The exchange will allegedly have a global reach, in spite of the sanctions that have already severely damaged the small nation’s economy. дальше »
2020-10-2 12:08 | |
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Why are so many people in Eastern Europe using cryptocurrencies?
How did Russia, a country where cryptocurrencies are banned for use as payment, and Ukraine, where the asset class essentially exists outside of the law, rank the highest when it comes to crypto adoption? The latest Chainalysis report, where Eastern Europe was found to have the highest grassroots-level adoption of cryptocurrency despite being the fourth-largest […] The post Why are so many people in Eastern Europe using cryptocurrencies? appeared first on CryptoSlate. дальше »
2020-10-2 06:00 | |
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ICO Aftermath: US Rules in Favour of SEC in $100M KIK Case – SALT to Reimburse Claimants From 2017 ICO
A US court has ruled in favour of the US SEC after the regulator’s filing of a motion seeking summary judgment against Kik for violating the country securities laws. Kik, which raised $100 million from 2017 ICO, had filed its own motion of summary judgment but the court refused to grant this. дальше »
2020-10-2 20:30 | |
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Venezuela To Start Using Cryptocurrency in Global Trade in Efforts To Fend off U.S. Sanctions
Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U. S. economic sanctions. Speaking in the country’s parliament on Sept. дальше »
2020-10-1 16:30 | |
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New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. дальше »
2020-9-29 20:00 | |
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New Zealand Tax Authority Tells Crypto Firms to Disclose Traders Personal Info & Transaction History
In a statement obtained by the local radio news station, Radio New Zealand (RNZ), New Zealand-based crypto firms must submit their customer’s crypto transaction information to the country’s top taxation authority, Inland Revenue Department (IRD). дальше »
2020-9-29 16:51 | |
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Israel Wants To Classify Bitcoin as a Currency to Amend the High Capital Gains Taxation
Israel is considering making Bitcoin a currency, according to a new bill that was tabled by four members of the Nationalist party Yisrael Beiteinu, which aims to regulate better the taxations of digital currencies in the country. дальше »
2020-9-29 15:24 | |
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Chinese state TV just shilled DeFi and Ethereum to hundreds of millions of users
Over the past few years, Chinese authorities have undergone a strong crackdown on most things crypto in the country. The post Chinese state TV just shilled DeFi and Ethereum to hundreds of millions of users appeared first on CryptoSlate. дальше »
2020-9-29 22:34 | |
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China State-Owned Media Covers Crypto as 2020’s Best Performing Assets Driven by DeFi & Weak Dollar
In an unusual coordinated report on Friday, several Chinese state-owned media covered cryptocurrencies, calling them the best-performing assets of 2020. The country’s top broadcaster, China Central Television (CCTV), ran a three-minute-long news clip, highlighting crypto assets rallying 70% this year. дальше »
2020-9-27 17:33 | |
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Crypto Exchange Binance Blacklisted by Russia’s Telecom Censorship Agency
Russia’s telecom regulator Roskomnadzor has added Binance, the world’s largest crypto exchange, to the list of blacklisted websites in the country. The exchange was blacklisted on June 2, 2020, but Binance became aware of this only on September 24th, after receiving communication from Roskomnadzor. дальше »
2020-9-27 10:25 | |
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Russia’s Ministry of Finance Tells Traders to Disclose Crypto Wallets Or Face Fines And Jail
After introducing an amendment that could see cryptocurrency miners lose all their mining rewards, Russia is once again tightening cryptocurrency regulation. According to a local news release, the Ministry of Finance proposes stricter regulations related to crypto accounts by preparing a package of amendments to the country’s digital asset laws. дальше »
2020-9-25 18:08 | |
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Russian Crypto Investors To Face Up To Three Years In Jail If They Fail To Report Wallet Balances To Tax Authorities
Cryptocurrency investors convicted in Russia for failing to declare their wallet details could face up to three years in jail, we can reveal today. They will also be liable to pay hefty fines as part of the punishment for breaching the new law proposed by the country’s finance ministry. дальше »
2020-9-26 17:53 | |
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Bitcoin Community Reacts to Russia’s Criminalization of Undeclared Crypto Activity
Bitcoin is not welcome in Russia. The Central Bank of Russia, this year, put in place legislation that bans the issuance and circulation of cryptocurrencies. But officials in the country accept that an outright ban is unenforceable. дальше »
2020-9-26 15:13 | |
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Why Bitcoin Just Surged to $13K in Belarus Amid Massive Protests
Belarus has become a hot ground of the great Bitcoin experiment as the country dwells into one of its most disturbing civil crisis. Ask prices for the world’s leading cryptocurrency by market capitalization are going higher across peer-to-peer platforms. дальше »
2020-9-26 12:15 | |
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ByteDance Applies for Tech Export License in China amid Country’s New Requirements
Coinspeaker ByteDance Applies for Tech Export License in China amid Country’s New RequirementsByteDance is now in talks with Oracle Corporation and Walmart Inc over the acquisition of TikTok. дальше »
2020-9-25 16:24 | |
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Gemini Crypto Exchange Opens Up GBP for Buying, Selling, and Trading for UK Customers
Cryptocurrency exchange Gemini is now expanding into the UK. The launch follows obtaining an electronic-money institutions (EMI) license from the Financial Conduct Authority (FCA) after the agency declared that all crypto exchanges operating in the country are required to register with it as per its Fifth Money Laundering Directive (5MLD) by Jan. дальше »
2020-9-24 16:19 | |
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China Dethrones Jack Ma as Richest Person in Country
Coinspeaker China Dethrones Jack Ma as Richest Person in CountryAs of Thursday, Nongfu Spring founder Zhong Shanshan had a paper net worth of $57. 2 billion, topping Tencent’s Pony Ma and Alibaba founder Jack Ma to become China’s wealthiest man on paper. дальше »
2020-9-24 16:04 | |
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The economic downturn in Iran makes way for crypto adoption
Iran is ripe for Bitcoin adoption, as the leading cryptocurrency is becoming increasingly relevant due to the US sanctions and the consequences of the COVID-19 pandemic. So much so, in fact, that even the elderly citizens of the country are losing confidence in the nation’s fiat currency, the rial, and are looking for an alternative. дальше »
2020-9-25 13:05 | |
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US Fed’s CBDC research progresses, here are the results so far
Over a month ago, in mid-August, the US Fed revealed that it is researching the possibility of a digital dollar, and how its own CBDC might modernize the country’s payment sector. Now, in the second half of September, the research seems to has seen progress, and the Federal Reserve Bank has revealed some details about it. дальше »
2020-9-25 13:01 | |
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Bitcoin Mining Legalized in Venezuela But Being Centralized with National Digital Mining Pool
According to a recent decree from the National Superintendency of Crypto Assets and Related Activities (SUNACRIP), the use, commercialization, import, and creation of mining equipment in the country is regulated under the new law, as per the local media reports. дальше »
2020-9-24 23:27 | |
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Venezuela Legalizes Crypto Mining, Announces Regulatory Framework
Bitcoin mining in Venezuela is now a legal and regulated activity following years of regulatory hostility in the Latin American country. This is according to a new decree from Venezuela’s National Superintendency of Crypto Assets and Related Activities (SUNACRIP), which brings all activities related to crypto mining under its regulatory jurisdiction. дальше »
2020-9-24 20:05 | |
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Canada gets its first regulated crypto exchange powered by Gemini
Canadian crypto industry has just seen major development, as the country received its first fully regulated cryptocurrency exchange. The platform, known as Wealthsimple Crypto, is powered by Gemini, the US-based crypto exchange founded by the Winklevoss twins. дальше »
2020-9-23 10:55 | |
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Leading Iranian Power Stations to Supply Clean Energy to Crypto Miners
Iran has gradually become one of the leading crypto-mining hotspots in the world after China. The country turned to crypto amid growing concerns over its economy due to inflation and sanctions from the United States. дальше »
2020-9-23 19:23 | |
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US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator
The U. S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. дальше »
2020-9-23 17:00 | |
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Major Iranian Power Company to Sell Electricity to Crypto Miners
After obtaining clearance to begin crypto mining operations, some power companies in Iran are planning to also sell electricity to cryptocurrency miners in the country. Iran is apparently becoming one of the major cryptocurrency mining hubs outside China. дальше »
2020-9-22 20:11 | |
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