Europe’s first: Sweden to launch first crypto SPAC

As the first nation in Europe, Sweden is launching the first crypto-based SPAC later…

The post Europe’s first: Sweden to launch first crypto SPAC appeared first on Coin Journal.

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Sweden leads Europe’s first crypto SPAC, ticker “HODL”

A SPAC, or Special Purpose Acquisition Company, is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company.

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Norway joins Sweden in move to ban crypto mining

Norway is considering a crypto mining ban proposal put forth by two Swedish regulatory officials, Minister of Local Government Bjørn Arild Gram insinuated in an interview with Euronews. At the moment, the Nordic country is “considering potential policy measures” to address the “challenges related to crypto mining.

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Kazakhstan to Crack Down on “Grey” Crypto Miners, Sweden’s State-owned Power Company Counters FSA’s Mining Ban

Kazakhstan government plans to crack down on unregistered “grey” miners who are consuming twice as much power as “white” or registered miners. “I think we will have the directive (limiting power to unregistered miners) issued before the end of this year because this issue cannot be delayed any longer,” said Deputy Energy Minister Murat Zhurebekov.

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Swedish Financial Supervisory Authority Calls For An EU-Wide Ban on Cryptocurrency Mining

Finansinspektionen, the Swedish financial supervisory authority, has called for a ban on cryptocurrency mining due to crypto-assets, citing them to be a threat to the climate. “Sweden needs the renewable energy targeted by crypto assets by crypto-asset producers for the climate transition of our essential services, and increased use by miners threatens our ability to […] The post Swedish Financial Supervisory Authority Calls For An EU-Wide Ban on Cryptocurrency Mining first appeared on BitcoinExchangeGuide.

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Sweden to pay $1.5M worth of BTC to convicted drug dealer

No precedent on how to treat profits earned via crypto, says prosecutor In a…

The post Sweden to pay $1.5M worth of BTC to convicted drug dealer appeared first on Coin Journal.

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Riksbank governor says Bitcoin won’t go unregulated

Stefan Ingves, the governor of Sveriges Riksbank, Sweden’s central bank, does not think Bitcoin (BTC) and other cryptocurrencies will be successful in dodging regulation. He shared his thoughts on June 1, signaling that Sweden might soon crackdown on the widely unregulated crypto market.

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Riksbank Governor Believes Crypto Regulation is Certain, But Exchanges & Trading Is Already Regulated

Cryptocurrencies like Bitcoin won't evade regulation, according to Sveriges Riksbank (Sweden's apex bank) boss Stefan Ingves. Crypto Regulation Coming Soon Sweden’s central bank governor Stefan Ingves said that Bitcoin’s popularity had caught the attention of regulators worldwide, Bloomberg reports.

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Crypto unlikely to escape regulation, says world’s oldest central bank Riksbank

Regulatory oversight would soon creep into the burgeoning crypto sector even as they currently continue to largely operate in a legal gray area, said the governor of Riksbank, Sweden’s central bank, on Monday.

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Tech Giants ‘Invading the Currency Area’ Are The Real Threat, Not Crypto: Denmark’s Central Bank Governor

While Lars Rohde doesn’t see Bitcoin as more than a speculative fad, neighboring Sweden’s Riksbank First Deputy Governor, though “observant,” is not concerned about cryptos. The post Tech Giants ‘Invading the Currency Area’ Are The Real Threat, Not Crypto: Denmark’s Central Bank Governor first appeared on BitcoinExchangeGuide.

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Record-Low Electricity Prices in Sweden Make It ‘a Lucrative Place’ to Mine Bitcoin, Says Report

Bitcoin miners are finding the Nordic lands a profitable opportunity to boost their revenues due to a plunge in electricity prices at the cheapest levels than any other well-known places for crypto mining.

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Bloomberg: record wet weather in Sweden and Norway attracted crypto miners

Scandinavia once again becomes a profitable location for miners due to decreased electricity prices caused by record wet weather.

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Bitcoin advocate: Hardware wallets are 'robust and much safer' form of crypto-custody

At the moment, more than half of the crypto users store the majority of their coins in 'cold storage', according to a research report. The research involved 339 Sweden citizens under survey and aboThe post Bitcoin advocate: Hardware wallets are 'robust and much safer' form of crypto-custody appeared first on AMBCrypto.

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Sweden Calls for Action Over Ukraine Crypto ‘Fraud Factory’

Ukraine has been asked to act following a report of an alleged cryptocurrency fraud operation duping naive investors from Sweden's capital.

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Sweden Takes First Bite of the CBDC Apple

Sweden has beaten all other major economies to the Central Bank Digital Currency (CBDC) punch, with testing of the e-krona underway. Riksbank Begins CBDC Pilot Sweden’s central bank, Riksbank, is...The post Sweden Takes First Bite of the CBDC Apple appeared first on Crypto Briefing.

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Sweden Joins China and Others in Central Bank Crypto Race

It seems that not a day goes by without another central bank jumping on the crypto train. Yesterday it was South Korea, today it is Sweden as plans to roll out the crypto krona gather pace. e-Krona Pilot Partnership Sweden’s central bank is poised to sign a deal with multinational professional services company Accenture to begin pilot testing its CBDC, the e-krona.

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Sweden’s Financial Authority Approves Swiss Crypto ETP Provider Amun

On December 10, Switzerland-based firm Amun AG announced the company’s base prospectus has been approved by the Swedish Financial Supervisory Authority (SFSA). The ETP provider said it has extensive plans to expand its digital asset ETPs throughout Europe, while Sweden shows “strong demand” for these products.

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Fintech Firm Amun Gets SFSA Regulatory Approval To Offer Its Crypto ETP In European Union

Amun, a fintech asset management firm based in Switzerland which was offering its crypto Exchange Traded Product (ETP) in Germany and Switzerland has got the approval from Swedish Financial Supervisory Authority (SFSA), to offer its product in European Union and Sweden.

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Crypto Gains New EU Stronghold as Sweden Approves Swiss ETP Startup

Swiss crypto firm gets approval from Swedish authorities to offer its exchange-traded products to investors in the EU

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Coinbase Crypto Debit Card Adds Support for XRP, XLM, BAT, REP, and ZRX

Coinbase has announced support for XRP, XLM, BAT, REP, and ZRX for their crypto enabled debit card, while also adding regional support in 10 countries including Denmark and Sweden. Focusing on retail adoption has been at the top of Coinbase’s agenda, and their moves to enable crypto payments across the world have not gone unnoticed,Read MoreRead More.

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Ex-Cinnober Blockchain Lead Joins Nordic Crypto Fund to Bet Big on Bitcoin

Since NASDAQ acquired Sweden's Cinnober last year, blockchain lead Eric Wall has left the exchange business for bitcoin investment fund Arcane Crypto.

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Ripple’s Xpring makes ‘strategic investment’ in Sweden’s Towo Labs

Ripple’s investment and partnerships arm, Xpring, has entered into a strategic partnership with Towo Labs, a Swedish startup that aims ot simplify crypto self-custody. The investment from Xpring will support various Towo labs’ projects for the next two years, including the development of its hardware wallet firmware.

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Crypto Banking Expands With Positive Interest Rates and New Services

Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to […] The post Crypto Banking Expands With Positive Interest Rates and New Services appeared first on Bitcoin News.

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Will Crypto Herald the Next Step in iGaming Security?

As the use of physical cash declines, it’s estimated that by 2020, there will be 726 billion digital payment transactions made annually. With Sweden largely predicted to be the first country that will go completely cashless, many analysts are now beginning to wonder what the future of digital transactions will look like.

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China vs Sweden: who will be the first to launch their own cryptocurrency and what will it mean for the crypto world?

Governments making their own cryptocurrencies is a hot topic in the crypto community. Would it be possible to centralize the decentralized? If governments were allowed to, they would have banned Bitcoin at the early adoption stage.

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Sweden Central Bank Pushes for Clarification of Legal Tender, Set to User in the Bitcoin Crypto Era

According to an article by the Financial Post “cash is almost extinct” in Sweden due to the country’s efforts to become a cashless society. Recently, Sweden’s Central Bank, also known as Riksbank, released a statement requesting clarification on legal tender.

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Crypto Day of Reckoning In Sweden? Central Bank Urges Clarification on Legal Tender

The oldest central bank on the planet has called on politicians to define the concept of money legally and its definition may include crypto. In an increasingly cashless society, the Swedish Riksbank is struggling to come to terms with its diminishing responsibilities and is seeking clarification on them as a matter of urgency.

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XBT Provider Suspends Launch of Altcoins ETN Due to Crypto Market Uncertainty

XBT Provider AB, the issuer of Bitcoin and Ether exchange traded products listed on the Nasdaq stock exchange in Sweden, has announced it’s putting plans to launch altcoin products on hold, citing the current market volatility and uncertainties, reports Bloomberg on February 13, 2019.

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Opera Launches In-Browser Ethereum Buys for Scandinavian Customers

Opera has partnered with regulated crypto brokerage Safello to offer Ethereum buys directly from its browser-based wallet for those in Sweden, Norway, and Denmark. Opera is currently only offering Ethereum (ETH) for purchase, but it allows payments with credit and debit cards, along with some payment networks.

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Opera Now Allows Android Users Buy Crypto Directly from Its Browser Built-In Wallet

CoinSpeaker Opera Now Allows Android Users Buy Crypto Directly from Its Browser Built-In Wallet Currently, the service is available for Android users in Sweden, Norway and Denmark are able to buy Ethereum using the new function.

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Taking Crypto Mainstream; Opera now lets You Buy Ethereum From Your Opera Browser in Less Than A Minute

Opera, the creator of the Mainstream Opera browser has reached another milestone by enabling the purchase of crypto on its browser wallet. For now, only users in Norway, Denmark and Sweden have access to the service.

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Safello enables crypto purchases on Opera mobile browser

Safello, a bitcoin and crypto payment and exchange provider, announced today that its brokerage solution is now integrated into the Opera browser for Android. Rolling out first in Scandinavia, users in Sweden, Norway, and Denmark can now easily top up their wallets to...

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This Trader Sold Bitcoin for Three Years, He Now Owes $900k in Taxes

Water and oil. This best describes the relationship between cryptocurrencies and taxes. The current taxation model dates back many years ago before Nakamoto launched cryptos. This makes it quite difficult to adhere to the taxation policies for crypto traders.

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Swedish Reserve Bank Riksbank Warns Users of Crypto Scammers Selling Fake ‘e-Krona’

While Sweden has gained a reputation as a remarkably progressive country with regards to embracing technology, there are some things that don't change – scams. According to the country's reserve bank, a warning has been sent out to the public to be vigilant around companies and/or individuals that are reportedly selling the electronic version of […]

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Sweden Targets Cash-free Future: Chances of Becoming Prime Crypto Market Skyrocket

CoinSpeaker Sweden Targets Cash-free Future: Chances of Becoming Prime Crypto Market Skyrocket Sweden may soon become the first ever cash-free society, as the country plans to make its financial ecosystem totally digital by the end of 2025.

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Sweden Open To Crypto Mining Companies In Wake Of Norwegian Electricity Tax Shift

The neighboring country may provide a home to those wishing to leave Norway.

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New Cryptocurrency-Based ETP Arrives in Switzerland

Amun AG, a startup in Zug, Switzerland, has received a license from Swiss authorities to offer a new cryptocurrency exchange-traded product (ETP). An ETP is a blanket term to denote a security that derives its price from an underlying asset (e.

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Swedish County Battles with Unpaid Electricity Bills Left by Bitcoin Mining Companies

The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives, has two companies have disappeared leaving millions in unpaid electricity bills, Sverige Radio reported on November 13, 2018.

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Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills

Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U. S. miner NGDC, appears to have suddenly fled from the area, leaving $1.

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IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech

With contributing reporting from Jimmy Aki. Christine Lagarde, head of the International Monetary Fund (IMF), suggested a new course of action for central banks around the world: turn their fiat currencies digital.

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Man Sentenced to Seven Years In Jail After Cryptopay Crypto Exchange Bombing Attempt

A Swedish man was recently convicted for trying to bomb a crypto exchange in London recently. He sent a letter bomb to the company and have also sent threatening letters to lawmakers in Sweden. The man, Michael Salonen, 43, was convicted to seven years in prison by a Swedish court of the Stockholm District. The […]

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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.

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Another Case For Crypto: Bank That Banned Bitcoin Accused Of Money Laundering

There is no greater irony than a bank which banned its employees from buying Bitcoin getting nailed for money laundering. Finance industry regulators in Sweden have received a report which alleges that Finland based Nordea Bank could be embroiled in a money laundering scandal.

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Class Action Suits Launched Against Cryptocurrency Mining Investment Company

The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.

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Blockchain & Bitcoin Conference Stockholm: Outcome of the Large Crypto Event in Sweden

On September 11, the international company Smile-Expo has organized the Blockchain & Bitcoin Conference Stockholm in Sweden. The post Blockchain & Bitcoin Conference Stockholm: Outcome of the Large Crypto Event in Sweden appeared first on CoinSpeaker.

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Blockchain&Bitcoin Conference Stockholm: Outcome of the Large Crypto Event in Sweden

On September 11, the international company Smile-Expo has organized the Blockchain & Bitcoin Conference Stockholm in Sweden. The event gathered over 200 visitors – among guests there were top experts in crypto sphere and the Member of Swedish Parliament – Mathias Sundin.

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Sometimes a Centralized System Is Better – Mathias Sundin, Member of Swedish Parliament

There is a need to experiment with decentralized solutions in all industries and see where they can be used, believes Mathias Sundin, Member of Swedish Parliament in the Tax Committee and the Finance Committee.

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The Beginning of the End for Fiat Currency: Government-Issued Crypto Gaining Traction Worldwide

The term “government-issued” cryptocurrency is paradoxical. The core tenets of cryptocurrencies — decentralized ledgers and trustless cryptographic payment clearance — are antithetical to government control over value transfer.

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Swedish Bank Inks Deal to Offer Crypto Fund Trading

A blockchain startup based in Sweden, has signed a software license agreement with a local bank to deliver a crypto fund trading service.

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