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South Korean Central Banks Own Nearly $2 Billion Worth In Crypto Assets Portfolio
It seems that the adaption for banks to be more accepting of cryptocurrency has taken their regulations a step further, joining in on these investments themselves. The central bank of South Korea has recently found success, reporting that local commercial banks had won $1. дальше »
2018-7-9 10:44 | |
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Korean Regulations: Policy Alteration, New Crypto Classic, Central Bank Report
While a new crypto classification system has been created, another government agency is conducting an on-site inspection of crypto exchanges following multiple hacks. In addition, the Bank of Korea has released a report with its view on using crypto as a means of payment. дальше »
2018-7-9 09:46 | |
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IBM Secures $1 Billion Aust. Dollar in Blockchain Deal
The Australian government has chosen IBM as its central technology partner for the next five years in a deal worth $ 740 million dollars. The agreement will cover technology services provided to government departments, including services which will use IBM’s automation and blockchain technologies. дальше »
2018-7-9 06:32 | |
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IBM Secures $1 Billion Australian Dollar Blockchain Deal
The Australian government has chosen IBM as its central technology partner for the next five years in a deal worth $740 million dollars. The agreement will cover technology services provided to government departments, including services which will use IBM’s automation and blockchain technologies. дальше »
2018-7-9 03:00 | |
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Bank of Korea: Crypto Has Low Risk to Local Finance MArket
According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1. 79 billion as of Dec. 2017, local news outlet Yonhap reported Friday, July 5. дальше »
2018-7-9 01:49 | |
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PBoC: Bitcoin Trading in Renminbi Drops Below 1% Global Total
Economy & Regulation Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms. In September, 2017, Beijing authorities дальше »
2018-7-9 00:05 | |
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PBoC: Bitcoin Trading in Chinese Currency Drops Below 1% of World Total
Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms. дальше »
2018-7-9 22:15 | |
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Maltese Parliament Approves 3 Laws That Set Regulatory Framework for Blockchain, Cryptocurrency and DLT
Malta, the tiny European island situated in the central Mediterranean Sea, has become the first country to provide an official set of regulations for operators in the blockchain, cryptocurrency and DLT (Distributed Ledger Technology) space. дальше »
2018-7-8 18:00 | |
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Two New Cryptocurrency Exchanges Accredited in Philippines; Total Grows to Five
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has accredited two new cryptocurrency exchanges, according to a report this Friday, citing a senior official's statement. дальше »
2018-7-8 15:22 | |
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Indian Police want to sell crypto and get ahead of RBI ban
Regulation Indian police are reportedly facing a challenge of how to liquidate cryptocurrencies they seized since the country’s central bank, the Reserve Bank of India (RBI), has banned banks from providing services to crypto exchanges. дальше »
2018-7-8 01:02 | |
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Indian Police Seek to Sell Crypto and Bypass RBI Ban
Indian police are reportedly facing a challenge of how to liquidate cryptocurrencies they seized since the country’s central bank, the Reserve Bank of India (RBI), has banned banks from providing services to crypto exchanges. дальше »
2018-7-8 23:40 | |
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Regulatory Round-Up: U.K. Chief Blockchain Officer, DLT Cohort in FCA Sandbox, Central Bank Calls Crypto ”Fallacy”
In recent regulatory news, U. K. minister, Eddie Hughes has published a report that advocates for the creation of a “Chief Blockchain Officer,” the U. K. Financial Conduct Authority has announced that a number of distributed ledger (DLT) companies have been accepted into cohort 4 of its regulatory sandbox, and Finland’s Central Bank has published a report […] The post Regulatory Round-Up: U. дальше »
2018-7-7 21:30 | |
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Central Bank Of The Philippines Approves Two New Crypto Exchanges
On July 6th, the Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has approved applications filed by two new cryptocurrency exchanges. Chuchi G. Fonacier, the deputy governor of the Bangko Sentral ng Pilipinas (BSP), reportedly said that the bank has approved the applications of ETranss and Virtual Currency Philippines, Inc., accrediting them as new platforms. […] дальше »
2018-7-7 20:17 | |
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Prominent Investor: Cryptocurrency Gives People an Easy Opt Out From US Dollar
Balaji S. Srinivasan, CTO of Coinbase and co-founder of Counsyl, Earn, Teleport, and CoinCenter tweeted out his response to the Bank for International Settlements’ critical warnings about cryptocurrency including that digital commerce will ‘bring the internet to a halt,’ Srinivasan responded to the group’s warnings by tweeting “Well, if central banks hadn’t created all those dollars,. дальше »
2018-7-7 15:00 | |
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A Draft That Regulated Electronic Money was Prepared in Romania
Economy & Regulation A draft ordinance aiming to regulate the issuance of “electronic money” has been presented in Romania. While it does not specifically mention cryptocurrencies, some of its definitions and provisions can affect digital coins and tokens. дальше »
2018-7-7 07:11 | |
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Germany's Finance Ministry: State-Issued Digital Currency Has ‘Not Well Understood’ Risks
Germany’s Ministry of Finance says issuing a central bank digital currency contains "a number of risks that are not well understood"
дальше »2018-7-7 01:46 | |
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John McAfee fires shots at RBI barring banks to deal with Bitcoin [BTC] and other VCs
John McAfee, on 6th July, posted an intriguing tweet against the Reserve Bank of India [RBI] urging financial institutions to dissociate themselves with the central bank. He also warned the institutions that he will ‘call for a boycott’ against those who deal with the RBI. дальше »
2018-7-6 20:57 | |
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Philippines Government Approves Two New Crypto Exchanges
The central bank of the Philippines has reportedly approved two new cryptocurrency exchanges, bringing the total number of accredited crypto exchanges in the country to five. Meanwhile, crypto transactions have been growing in the country. дальше »
2018-7-6 20:50 | |
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Swiss Stock Exchange To Create New Digital Exchange Platform
Switzerland is quickly becoming a central hub for cryptocurrency and blockchain technology. Switzerland is the home of the Crypto Valley (Zug) and of course, as a nation are very open towards the idea of cryptocurrency and blockchain technology. дальше »
2018-7-6 13:00 | |
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Time limit for enacting Indian Central Bank’s ban on crypto dealings expires
The Supreme Court had also ruled earlier this week not to grant interim relief to those affected by the upcoming ban. If an Indian citizen wants to exchange crypto to fiat, then they will need to then use marketplace exchanges. дальше »
2018-7-6 00:23 | |
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Deadline for Implementing Indian Central Bank’s Ban on Crypto Dealings Ends
The deadline for the Indian central bank crypto dealings ban to be implemented ends today, as Bitcoin dips below $6,500
дальше »2018-7-6 22:25 | |
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Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain
The governor of the Reserve Bank of Zimbabwe has made several statements about cryptocurrencies that attest to insufficient knowledge of the matter. The central bank, which recently banned financial institutions from working with crypto companies, now wants to study and embrace the blockchain technology that “encompasses all the cryptocurrencies. дальше »
2018-7-5 18:20 | |
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Indian Crypto Exchanges Drop Fiat Support as Banks Close Their Accounts per RBI Ban
Cryptocurrency exchanges in India have one by one announced the shut down of their fiat deposits and withdrawals as banks start closing their accounts per RBI’s crypto banking ban. Meanwhile, they are trying to educate the central bank in hopes of easing the ban. дальше »
2018-7-5 00:40 | |
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EU Report Advises Regulators Not to Ban or Ignore Cryptocurrencies
A recent report published by the European Parliament advises policymakers and regulators not to ignore cryptocurrencies or attempt to ban them. It discusses how crypto should be treated, their taxation, as well as their potential impact on financial systems and central banks’ monopolies on money issuance. дальше »
2018-7-4 10:40 | |
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Great Illusion of Cryptocurrencies: Bank On Finland’s “Fallacy” Attack Report Recap
Bank On Finland’s Recent Report Is An Attack On Digital Currency A recent report published by Bank of Finland titled “The great illusion of digital currencies” attempts to prove that the concept of a digital currency is a “fallacy. дальше »
2018-7-3 22:44 | |
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Court Says India’s Crypto Trade Bank Account Boycott Will Continue
India’s highest court has declined to end a ban enacted by the national central bank that bars the country’s crypto exchanges from doing business with regulated financial firms. Bloomberg reported Tuesday that the Indian Supreme Court, led by Chief Justice Dipak Misra, said that the Reserve Bank of India’s (RBI) prohibition on providing services to crypto-related дальше »
2018-7-3 21:52 | |
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Indian Supreme Court attended Crypto Petition but Upholds RBI Ban – Will get effective in 2 days.
Regulation The Indian Supreme Court heard one petition against the crypto banking ban by the country’s central bank today. Japan Confirms Entrance Into the Crypto Space No Stay Granted by Supreme Court The Supreme Court of India heard one petition against the crypto banking ban imposed by the Reserve Bank of India (RBI) on Tuesday, дальше »
2018-7-3 19:04 | |
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Indian Supreme Court Heard Crypto Petition but Upholds RBI Ban – Effective in 2 Days
The Indian Supreme Court heard one petition against the crypto banking ban by the country’s central bank today. However, the court did not grant a stay and the ban is set to proceed as planned, prompting crypto exchanges in the country to start implementing their solutions for banking alternatives. дальше »
2018-7-3 16:35 | |
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India Bitcoin Bank Ban in Effect July 5 After Supreme Court Decision
India’s Supreme Court has refused to extend a grace period allowing cryptocurrency entities to keep banking services beyond this week’s deadline set by the central bank. Exchanges Go P2P According to various media outlets, the Reserve Bank of India (RBI) will now succeed in implementing its ban on cryptocurrency business support on July 5. дальше »
2018-7-3 16:00 | |
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