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Cryptocurrency

Report: Cryptocurrency Can Potentially Complement Mobile Money Argues Kenyan Banker

21st May 2022 by admin

The CEO of one of Kenya’s biggest lenders has argued there is a possibility cryptocurrencies will complement mobile money in Africa but first, there is a need to convince regulators of their benefits. African Regulators’ Stance on Crypto Cryptocurrencies can potentially complement mobile money in Africa if regulators on the continent are made to …

Filed Under: Bitcoin News Tagged With: Argues, Banker, Complement, Cryptocurrency, Kenyan, Mobile, Money, Potentially, Report

Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

19th April 2022 by admin

Iran to Increase Penalties for Illegal Cryptocurrency Mining Including Imprisonment

Iran has drafted new rules to increase penalties for illegal cryptocurrency mining in the country, including additional fines and imprisonment. “Any use of subsidized electricity intended for households, industrial, agricultural, and commercial subscribers for mining cryptocurrency is prohibited.” New Penalties for Illegal Cryptocurrency Mining in Iran An official with Iran’s Power Generation, Distribution, and …

Filed Under: Bitcoin News Tagged With: Cryptocurrency, Increase, Iran, Mining, Penalties, Unauthorized

Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates

10th April 2022 by admin

Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates

Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles. 11 Crypto Assets Get Reference Rate Treatment From CME Group and CF Benchmarks …

Filed Under: Bitcoin News Tagged With: Adds, Cryptocurrency, Derivatives, Exchange, Giant, Group, Rates, Reference

Bitso Expands to Colombia Amidst Growing Cryptocurrency Adoption in the Country

15th February 2022 by admin

colombia

Bitso, a Mexico-based cryptocurrency exchange, is expanding and strengthening its push into the Colombian market in the midst of growing interest in these new technologies in the country. Bitso has appointed Emilio Pardo as a new country manager, to debut the start of operations in Colombia in partnership with Banco de Bogota. Bitso Enters …

Filed Under: Bitcoin News Tagged With: ‘Growing, Adoption, Amidst, Bitso, Colombia, Country, Cryptocurrency, Expands

Russian Government Approves Plan to Regulate Cryptocurrency

9th February 2022 by admin

Russian Government Approves Plan to Regulate Cryptocurrency

The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined …

Filed Under: Bitcoin News Tagged With: Approves, Cryptocurrency, Government, Plan, Regulate, Russian

Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners

4th February 2022 by admin

Argentina

The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably occupied by miners in the country due to …

Filed Under: Bitcoin News Tagged With: Almost, Argentinian, Costs, Cryptocurrency, Energy, Government, Miners, Raises

Cryptocurrency ATMs Close Down in Singapore Following Central Bank’s Announcement

19th January 2022 by admin

Cryptocurrency ATMs Close Down in Singapore Following Central Bank’s Announcement

Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said one crypto ATM operator. Crypto ATMs …

Filed Under: Bitcoin News Tagged With: Announcement, ATMs, Banks, Central, Close, Cryptocurrency, Down, Following, Singapore

Trading Platform Robinhood Announces Upcoming Launch of Cryptocurrency Wallets

2nd January 2022 by admin

Trading Platform Robinhood Announces Upcoming Launch of Crypto Wallets

Trading platform Robinhood has announced the beta launch of its cryptocurrency wallets, which is set for mid-January. The company said 1.6 million people have signed up for the crypto wallets. Robinhood’s Crypto Wallets to Launch in Beta This Month Robinhood announced this week the upcoming beta launch of its highly anticipated cryptocurrency wallets. The …

Filed Under: Bitcoin News Tagged With: Announces, Cryptocurrency, Launch, Platform, Robinhood, Trading, Upcoming, Wallets

India’s Swadeshi Jagran Manch Calls for Outright Ban on Cryptocurrency

27th December 2021 by admin

India

The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, has reportedly passed a resolution demanding a ban on cryptocurrency in India. “Disobeying the ban should make person/entity liable to financial penalty,” the resolution states. Swadeshi Jagran Manch Wants Crypto Outrightly Banned in India The Swadeshi Jagran Manch (SJM), the Indian …

Filed Under: Bitcoin News Tagged With: Calls, Cryptocurrency, India’s, Jagran, Manch, Outright, Swadeshi

Cryptocurrency Bill Advances to Chamber of Deputies in Paraguay

20th December 2021 by admin

Paraguay

A cryptocurrency bill introduced in July to the Senate of Paraguay has been approved. The text, which defines several important concepts including virtual assets, and establishes the need for licenses to mine cryptocurrencies, will now advance to the Deputy Chamber to be discussed. Paraguay Could Approve Crypto Law by Next Year A new cryptocurrency …

Filed Under: Bitcoin News Tagged With: Advances, Bill, Chamber, Cryptocurrency, Deputies, Paraguay

Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022

11th December 2021 by admin

In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory framework that covers cryptocurrency in early 2022. According to Unathi Kamlana, …

Filed Under: Bitcoin News Tagged With: 2022, Africa, Claims, Cryptocurrency, Early, Framework, Regulator, Regulatory, South, Unveil

IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This Year

22nd November 2021 by admin

IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This YearIRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year After Seizing $  3.5 Billion in Crypto This Year

The Internal Revenue Service (IRS) has revealed that $ 3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next year. IRS Says It …

Filed Under: Bitcoin News Tagged With: $3.5, Billion, Billions, Crypto, Cryptocurrency, Dollars, Expects, More, Next, Seize, Seized, Than, This, Year

India’s Prime Minister Narendra Modi Urges Countries to Collaborate on Bitcoin, Cryptocurrency

18th November 2021 by admin

India’s Prime Minister Narendra Modi Urges Countries to Collaborate on Bitcoin, CryptocurrencyIndia’s Prime Minister Narendra Modi Urges Countries to Collaborate on Cryptocurrency Like Bitcoin

The prime minister of India, Narendra Modi, has urged democratic countries to work together to ensure that cryptocurrency, particularly bitcoin, does not end up in the wrong hands. Meanwhile, the Modi government is working on a regulatory framework for cryptocurrencies in India. India’s Prime Minister Modi on Bitcoin and Cryptocurrency Indian Prime Minister Narendra …

Filed Under: Bitcoin News Tagged With: Bitcoin, Collaborate, Countries, Cryptocurrency, India’s, Minister, Modi, Narendra, Prime, Urges

US Launches National Cryptocurrency Enforcement Team to Prosecute ‘Criminal Misuses of Cryptocurrency’

7th October 2021 by admin

US Launches National Cryptocurrency Enforcement Team to Prosecute ‘Criminal Misuses of Cryptocurrency’US Launches National Cryptocurrency Enforcement Team to Go After Laundering Platforms

The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering.” U.S. Deputy Attorney General Lisa Monaco said, “The point is to protect consumers.” DOJ’s New …

Filed Under: Bitcoin News Tagged With: Criminal, Cryptocurrency, Enforcement, Launches, Misuses, National, Prosecute, Team

Cryptowisser : China Crypto Ban Sheds Light on Over 15 Countries That Restrict or Ban Cryptocurrency

4th October 2021 by admin

Cryptowisser : China Crypto Ban Sheds Light on Over 15 Countries That Restrict or Ban Cryptocurrency

press release PRESS RELEASE. October 2021, leading Crypto service comparison site – Cryptowisser, take an in-depth look at the recent crypto ban in China as well as several other countries who legally restrict crypto currency in some way and why. As the Cryptowisser report states, there are over 15 countries where Crypto currency is …

Filed Under: Bitcoin News Tagged With: China, Countries, Crypto, Cryptocurrency, Cryptowisser, Light, Over, Restrict, Sheds

Cryptocurrency Derivatives Exchange Bitget to Sponsor Juventus as Its First-Ever Sleeve Partner

28th September 2021 by admin

Cryptocurrency Derivatives Exchange Bitget to Sponsor Juventus as Its First-Ever Sleeve Partner

sponsored Singapore-based cryptocurrency derivatives exchange Bitget announced a partnership with Juventus to become its sponsor. According to the agreement, Bitget will act as Juventus official partner and official cryptocurrency exchange partner, and also its first-ever sleeve partner. Established in 1897, Juventus is one of most time-honored and award-winning football clubs worldwide. It was the …

Filed Under: Bitcoin News Tagged With: Bitget, Cryptocurrency, Derivatives, Exchange, FirstEver, Juventus, Partner, Sleeve, Sponsor

60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week

21st September 2021 by admin

60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week60 Cryptocurrency Exchanges to Shut Down All or Some Services This Week

The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce services. 60 Crypto Exchanges Expected to …

Filed Under: Bitcoin News Tagged With: ‘Some, Cryptocurrency, Down, Exchanges, Korea, Services, Shut, South, This, Week

Nasdaq-Listed Metromile Invests $1 Million in Bitcoin — Sees Rapid Growth in Global Cryptocurrency Adoption

12th August 2021 by admin

Nasdaq-Listed Metromile Invests $1 Million in Bitcoin — Sees Rapid Growth in Global Cryptocurrency AdoptionNasdaq-Listed Metromile Invests $  1 Million in Bitcoin — Sees Rapid Growth in Global Cryptocurrency Adoption

The Nasdaq-listed auto insurance company Metromile has purchased $ 1 million in bitcoin. The company plans to “become the first insurance company to allow policyholders the option to pay for insurance and receive payment for eligible claims in either bitcoin or dollars.” Auto Insurance Platform Adds Bitcoin to Balance Sheet The Nasdaq-listed insurance …

Filed Under: Bitcoin News Tagged With: Adoption, Bitcoin, Cryptocurrency, Global, Growth, Invests, Metromile, Million, NasdaqListed, Rapid, Sees

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report

31st July 2021 by admin

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Reportcrypto.com

A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador …

Filed Under: Bitcoin News Tagged With: Adoption, Cryptocurrency, Doubled, Global, January, Million, Reaching, Report, Since, Users

Amazon’s Payment Team Hiring Digital Currency Expert to Develop Cryptocurrency Strategy and Products

24th July 2021 by admin

Amazon’s Payment Team Hiring Digital Currency Expert to Develop Cryptocurrency Strategy and ProductsAmazon’s Payment Team Hiring Digital Currency Expert to Develop Cryptocurrency and Product Launch Strategy

Amazon’s Payments Acceptance & Experience team is hiring a digital currency and blockchain expert to develop the company’s digital currency and blockchain strategy and product roadmap, including a launch strategy. “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” the company’s spokesperson said. …

Filed Under: Bitcoin News Tagged With: Amazon’s, Cryptocurrency, Currency, Develop, Digital, Expert, Hiring, Payment, Products, Strategy, Team

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