Cryptocurrency News

$4 Billion OneCoin Crypto Ponzi Scheme Promoter in Singapore To Pay $72,000 Fine

A 52-year-old Singaporean man has been found guilty of promoting the infamous OneCoin cryptocurrency Ponzi scheme more than three years ago. Man to Pay $72,000 As Fine According to reports by local media The Straits Times, Fok Fook Seng, a middle-age Singaporean citizen, was convicted for engaging in marketing activities that link to OneCoin between Read more…

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Bitcoin Cryptocurrency News

Germany To Issue Crypto Regulations On January 1 2020

The Amended Directive to the Fourth EU Money Laundering Directive will go into force in Germany on January 1, 2020. Some of the key changes affect how the German Banking Act and Payment Supervision Services Act relate to crypto. Crypto-Assets Are Now Financial Instruments The new law defines crypto-assets in a somewhat unwieldy manner: digital representation Read more…

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Bitcoin Cryptocurrency News

German Banks Could Store Bitcoin and Provide Crypto Services Soon

Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide custody solutions, local media reports.  Germany Welcomes Cryptos with Open Arms Currently, financial institutions operating in Germany are not allowed to directly sell cryptocurrencies to their clients. Read more…

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Bitcoin Cryptocurrency News

BBC Investigation Links Russia’s FSB To $450M Exchange Collapse

A BBC investigation has revealed links between Russia’s intelligence agency, the Federal Security Service (FSB), and the collapse of the Wex cryptocurrency exchange in 2018. One of the sites co-founders claimed that he was forced to hand over customers’ wallet data and told the money (around $450 million) would go to “the FSB fund.” BBC Audio Recordings Read more…

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Cryptocurrency News

Anonymity in China’s Crypto Yuan is Bad News for US Lawmakers

While the US drags its regulatory feet and gets bamboozled by bureaucracy, China forges ahead and could launch its own digital currency within a few months. Crypto Yuan Nearing According to a central bank official, China’s planned crypto yuan is not all about spying on its citizens. The world’s financial regulators are all casting eyes Read more…

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Bitcoin Cryptocurrency News

Bitcoin Usage May Spike Following Cash Restrictions in Malaysia

Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations. Cash Restrictions May Boost Bitcoin Adoption The Malaysian government plans to impose restrictions on cash transactions reports local Read more…

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Bitcoin Cryptocurrency News

A Look at Bitcoin P2P Trading in Politically Tense Countries

Bitcoin (BTC) still keeps up the pace when it comes to P2P markets worldwide. The usage of those markets circumvents exchanges, and allows small-scale exchanges with less formality. Here’s a look at how important it is in countries with significant financial and political concerns.  Peer-to-Peer in Distressed Regimes Bitcoin trading through P2P platforms is picking Read more…

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Blockchain Cryptocurrency News

China Is Exploring Blockchain and AI Use Cases in International Trade Financing

China is reportedly looking into the various use cases for blockchain tech and artificial intelligence (AI) in international financing, with a special focus on risk management procedures. The country intends to further liberalize its financial markets, a veteran foreign exchange regulatory official confirmed on October 26. The recent comments made by Lu Lei, deputy head Read more…

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Altcoin Cryptocurrency News

Monero, Zcash, Dash continue to lose their valuations as more exchanges join the delisting bandwagon

Cryptocurrency regulations across the world are picking up pace in 2019 as the market continues to gain in prominence. In fact, the episode of Facebook’s Libra being so publicly attacked in front of the U.S Congress was the best example of the cryptocurrency market gaining mainstream attention. However, privacy coins are feeling the brunt of […]

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