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Turkey Takes the Lead: Crypto Ownership Surges by 27%, Making it the Fastest-Growing Crypto Market
Turkey has seen a huge increase in cryptocurrency ownership as the country’s inflation rates skyrocket, according to GWI Research. With a 27.1% increase in ownership from July-September 2021 to July-September 2022, Turkey had the biggest growth in cryptocurrency ownership, according to the survey, which looked at people between the ages of 16 and 64. Argentina […] дальше »
2023-5-19 01:20 | |
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Pakistan Announces Ban on Cryptocurrency Services and Firm Stance Against Legalizing Crypto Trading
Aisha Ghaus Pasha, the minister of state for finance and revenue, declared that Pakistan would outlaw cryptocurrency services operating in the country and reaffirmed that the government has no plans to legalize cryptocurrency trading during a meeting of the Senate Standing Committee on Finance and Revenue on May 16. дальше »
2023-5-19 23:06 | |
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Pakistani Authorities Lay Groundwork for Imminent Ban on Crypto Assets
In a significant move, Pakistani authorities have taken decisive steps to prepare for a comprehensive ban on cryptocurrency assets within the country. Citing concerns related to illicit activities, money laundering, and financial stability, the government aims to tighten regulations around digital currencies. дальше »
2023-5-18 10:06 | |
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NFTs in China: Potential Amid Risks
The Supreme People’s Procuratorate of China has recently brought to light concerns regarding the burgeoning NFT market. Yet, even amid the apprehensions, the potential of NFTs to enhance the country’s digital economy and blockchain technologies has been acknowledged. дальше »
2023-5-18 00:57 | |
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Bitcoin Is a Threat to the Energy-Use Status Quo – and That’s a Good Thing
Banning or taxing crypto mining out of existence isn’t going to solve this country’s issues around power consumption and grid stability – but supporting Bitcoin just might. дальше »
2023-5-17 22:36 | |
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SEC urges court to reject Coinbase’s demand for regulatory clarity
Coinbase requested the US Securities and Exchange Commission (SEC) to clarify how the country’s securities laws apply to crypto. The regulatory watchdog claims that the exchange’s demand is baseless and unwarranted. дальше »
2023-5-16 13:31 | |
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Zimbabwe Defies IMF Directive to Sell Millions of Gold-Backed Crypto Assets; Terms It a Success
The Reserve Bank of Zimbabwe (RBZ) has sold gold-backed cryptocurrencies valued at 14 billion Zimbabwean dollars despite a warning by the International Monetary Fund against adopting the digital currency to address the country’s macroeconomic problems. дальше »
2023-5-16 23:49 | |
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Reserve Bank of Zimbabwe Defies IMF’s Warning, Sells $39M Worth of Gold-backed Digital Tokens
Coinspeaker Reserve Bank of Zimbabwe Defies IMF’s Warning, Sells $39M Worth of Gold-backed Digital Tokens Zimbabwe seeks to use gold-backed crypto tokens to salvage the country’s economic situation. дальше »
2023-5-15 15:46 | |
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South Korea is researching offline CBDC payments via Samsung devices
The Bank of Korea — the country’s central bank — signed a memorandum of understanding with Samsung on May 15 to collaborate on offline central bank digital currency (CBDC) research, according to a press release. дальше »
2023-5-15 15:00 | |
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Crypto Exodus: Binance's departure marks Canada's latest wave of exchange closures
Binance to exit the Canadian market, citing new crypto guidelines. It joins a long line of crypto enterprises that have exited the country since the introduction of new guidelines. Leading cThe post Crypto Exodus: Binance's departure marks Canada's latest wave of exchange closures appeared first on AMBCrypto. дальше »
2023-5-13 13:30 | |
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US lawmakers target perceived risks of crypto adoption in El Salvador with reintroduced bill
The legislation appeared to be another attempt at the Accountability for Cryptocurrency in El Salvador Act, originally introduced after the country's Bitcoin Law was enacted. дальше »
2023-5-13 00:53 | |
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Binance announces exit from Canada
Binance says new guidance on stablecoins has made it untenable to continue operating in the country. New rules required exchanges to seek approval before allowing their customers to buy or deposit stablecoins. дальше »
2023-5-13 00:13 | |
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Bloomberg reports that two prominent market makers, Jane Street and Jump, are stepping back from their involvement in crypto trading within the United States.
Jane Street and Jump Trading, two major market makers, are reportedly retreating from crypto trading activities in the United States, according to a report by Bloomberg. The decision is said to be influenced by the increasing regulatory scrutiny faced by the cryptocurrency industry in the country. дальше »
2023-5-10 21:03 | |
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Javier Milei: Pro-Bitcoin Argentine presidential candidate rising in polls
Libertarian economist and pro-Bitcoin presidential candidate Javier Milei is gaining ground among Argentine voters, per Bitcoin Magazine. As the country struggles amid its ongoing economic crisis, thoughts turn to the upcoming presidential election scheduled for Oct. дальше »
2023-5-10 13:45 | |
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Philippine Police cracks latest crypto scam; 1,090 people rescued
Philippine Police rescued 1,090 persons who were trafficked into the country in connection with a cryptocurrency scam. According to CertiK, crypto-related exploits, hacks, and scams cost the inThe post Philippine Police cracks latest crypto scam; 1,090 people rescued appeared first on AMBCrypto. дальше »
2023-5-9 19:10 | |
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Bittrex, a prominent cryptocurrency exchange based in the United States, has filed for bankruptcy in the state of Delaware.
Bittrex, a cryptocurrency exchange, has filed for bankruptcy in Delaware, marking its departure from the U. S. This move comes after the company announced its intention to wind down operations in the country and amidst a lawsuit filed by the Securities and Exchange Commission (SEC). дальше »
2023-5-10 18:24 | |
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U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware
Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission. дальше »
2023-5-9 00:38 | |
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Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8
Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. дальше »
2023-5-9 23:20 | |
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New law pushes around 400 crypto firms out of Estonia
The number of registered crypto firms in Estonia has dropped by 80% after it enacted a new law to prevent money laundering. The money laundering regulator in the country, Financial Intelligence Unit, published a report stating that the validity of 389 authorizations has expired, and there are only 100 active authorizations for virtual assets service […] The post New law pushes around 400 crypto firms out of Estonia appeared first on CryptoSlate. дальше »
2023-5-9 20:07 | |
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PacWest Cuts Dividend as Regional Banks Recovery Deepens
Coinspeaker PacWest Cuts Dividend as Regional Banks Recovery Deepens Regional banks are financial institutions that operate in specific geographic areas of the country and often provide a variety of banking services such as deposit accounts, loans, and other financial goods. дальше »
2023-5-8 18:38 | |
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Coinbase is considering UAE for its international hub
US-based crypto exchange Coinbase is considering using the United Arab Emirates as the hub for its international service in the Middle East and other nearby regions. In a May 8 tweet, Coinbase’s VP of International & Business Development, Nana Murugesan, said the country has the potential to be a strategic hub for the exchange. дальше »
2023-5-8 16:45 | |
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Terraform Labs Co-Founder Do Kwon Could Be Thrown In Jail For 40 Years In South Korea
Do Kwon, co-founder and former CEO of now-defunct Terraform Labs, is facing a jail term of up to 40 years in South Korea, the country where he committed most of his crimes. The prosecutor overseeing Kwon’s probe believes that the repatriation of the South Korean national would be the best way to serve justice to […] дальше »
2023-5-7 15:22 | |
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South Korea and US face off over Do Kwon’s extradition
Reports indicate that South Korean prosecutors are adamant that charging Do Kwon in his home country is the best way to serve justice to Terra network victims дальше »
2023-5-5 20:13 | |
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Thriving Metaverse Landscape in South Korea
A new report on the growth of the Metaverse in South Korea highlights the burgeoning interest in the metaverse within the country. As the industry continues to grow, this report provides valuable insights into the size, trends, and dynamics of the South Korean metaverse market. дальше »
2023-5-5 17:58 | |
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UK’s FCA takes action against illegal crypto ATM operators
The U. K. Financial Conduct Authority (FCA) is cracking down on illegal crypto ATMs in the country, stating that they pose a money laundering threat. According to a May 5 statement, the regulator worked with regional police to inspect Exeter, Sheffield, and Nottingham sites. дальше »
2023-5-6 15:30 | |
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Nigeria finally implements its blockchain policy
The Nigerian government has approved its national blockchain policy. It aims to institutionalize blockchain technology and its components in the nation. Nigeria, the most populous country in Africa, is finally ready to bring regulatory clarity to its blockchain industry and… дальше »
2023-5-4 13:17 | |
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Italy Introduces a 26% Tax on Cryptocurrency
Italy has recently become the latest country to introduce a tax on cryptocurrency transactions. Under new legislation passed by the Italian government, a 26% tax will be levied on gains made from cryptocurrency investments. дальше »
2023-5-4 00:29 | |
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Nigerian government formally approves blockchain use
The Nigeria Federal Executive Council has approved the National Policy on Blockchain drafted by the Federal Ministry of Communications & Digital Economy, paving the way for the formal use of blockchain technology in the country. дальше »
2023-5-4 20:30 | |
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Bhutan partners with Bitdeer and seeks to raise $500m
The Singapore-based cloud mining company Bitdeer has partnered with Bhutan’s investment arm to raise $500 million. Per a Bloomberg report, the funds will be used to develop carbon-free crypto-mining infrastructure in the Himalayan country. The CEO of DHI, Ujjwal Deep… дальше »
2023-5-3 14:12 | |
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Whilst HedgeUp (HDUP) changes the landscape for Trading Alternative Assets, BTC Futures Index coming to Argentina
Argentina is set to make history as Bitcoin (BTC) Futures Index is added to the list of tradable securities in the country. This exciting development comes when HedgeUp (HDUP) is changing the landscape for trading alternatives, providing users with a decentralized platform where people can infuse in alternative assets. дальше »
2023-5-3 01:19 | |
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US Banking Crisis Worsens With Half Of America’s Banks On the Verge Of Failure
The recent sharp decline in shares of major U. S. regional banks has sparked fears of another banking crisis. The collapse of First Republic Bank, the largest U. S. bank failure since 2008, has sent shockwaves through the financial sector, prompting experts to warn that a “confidence crisis” could happen to any bank in the country. дальше »
2023-5-3 23:00 | |
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UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users. дальше »
2023-5-3 13:47 | |
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Crypto industry thinks US government is trying to ‘kill crypto’
The repeated failures of crypto firms to secure regulatory approvals in the U. S. have led to a “universal conviction” among the industry that the country’s financial watchdogs are unwilling to let crypto flourish, the Intelligencer reported. дальше »
2023-5-1 20:39 | |
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Inside Bhutan’s secretive Bitcoin mining operation
Bhutan's clandestine entry into the world of cryptocurrency mining has recently come to light, raising many questions about the depth of its involvement. Druk Holding & Investments, the state-owned holding company, has confirmed its foray into the mining space, but what has driven this secretive mission? The answer lies in the country's ambitious plans to finance its fourth industrial revolution and the unexpected role of the pandemic in triggering these efforts. дальше »
2023-5-1 19:31 | |
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Mexico wants to make Bitcoin a legal means of payment
Mexico’s government has taken a significant step towards making Bitcoin a legal means of payment in the country. The move comes after the country’s central bank released a draft regulation that would require banks and other financial institutions to recognize Bitcoin and other cryptocurrencies as legitimate forms of payment. дальше »
2023-4-30 00:06 | |
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Neutronpay Launches Bitcoin Lightning App In Canada, Partners With Ditobanx For Remittances To El Salvador
Neutronpay aims to empower the second largest population of El Salvadorans outside of the country using Lightning and Bitcoin. дальше »
2023-4-29 18:58 | |
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Experts Converge at DAO Tokyo as Japan Increases Adoption. HedgeUp Looks to Position Itself in Asia
One of the biggest events in crypto took place as major figures in the crypto industry met in Tokyo, Japan, for DAO Tokyo 2023. This happened as the country continues to embrace cryptocurrencies, and HedgeUp (HDUP) positions itself to gain a foothold in Asia. дальше »
2023-4-29 18:33 | |
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Taiwan to unveil buying and selling crypto specification for banks
Taiwan’s Financial Supervisory Commission (FSC) outlined plans to control the country’s banking sector and crypto trade. The FSC plans to implement new regulations in September of this year to strengthen regulation and lessen the dangers associated with these pursuits. The… дальше »
2023-4-29 16:49 | |
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