Category: Digital Assets
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Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups
The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy. Also read: How Bitcoin Companies can Legally Operate in Switzerland A Swiss Innovation Paradise According to the…
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Cryptocurrency Enthusiasts Can Pay $10 Million for a 12-Night Stay in Space
The Orion Span project has plans to launch a space station that will be used as a luxury hotel. Its Aurora space station is set to launch in early 2022 and a 12-night stay on the craft will set you back $9.5 million. The space hotel says it has sold out its first six months of…
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Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering
The Netherlands is seeking to regulate cryptocurrency companies, supposedly in a bid to prevent money laundering and alleged terrorist financing. All virtual currency businesses will now be required to obtain an operating license from De Nederlandsche Bank, the country’s central bank, under draft legislation designed to prevent crypto assets such as BTC from being used…
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This London Taxi Driver Sells Cryptocurrency to Passengers
If you hail a taxi in downtown London, you could wind up paying for more than just your fare. Pseudonymous cab driver Dave Jenkins is known as the Crypto Cabbie because as he drives passengers around London he provides the ability to purchase BTC. Also read: Only Five Bitcoin Mining Devices Released in 2018 Are Profitable…
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The Daily: Trustology Raises $8 million, SEC Fines Crypto Fund Coinalpha
U.K.-based startup Trustology, which develops storage solutions for digital assets, has raised $8 million in funding and we’ve got the news in this edition of The Daily. We also look at the SEC’s decision to fine another crypto company for breaching U.S. securities laws and HTC’s decision to have Brave as the default web browser…
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Australian Company Issues Loans Backed by Cryptocurrencies
A Melbourne-based company is now offering crypto-backed loans. Helio operates under an Australian Credit License (ACL) issued by the Australian Securities and Investments Commission (ASIC). In the current bear market, cryptocurrency holders can borrow fiat money and keep their digital coins for better times. Also read: Chat Bot Advises Crypto Startups and Investors Helio…
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Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure
In late November, the creators of the Simple Ledger Protocol announced the launch of Ledger Treasure, a contest in which contestants must solve a puzzle to win over $100 worth of bitcoin cash (BCH). On Dec. 6, Simple Ledger developer James Cramer revealed the winner of the first puzzle solved by gaining access to the…
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Malaysian Financial Regulators to Intensify Scrutiny of ICOs, Cryptocurrencies
Malaysia’s securities regulator and central bank are to strengthen their scrutiny of initial coin offerings (ICOs) through new rules meant to eliminate issues of unfair trade practices and alleged risk of money laundering and terrorism financing. The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) said they will also tighten regulation in the trade…
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The Daily: Coinbase Adds Paypal Withdrawals, Gazprombank to Manage Crypto Assets
In this edition of The Daily, Coinbase customers in certain regions can now link their Paypal accounts to withdraw fiat and sell cryptocurrencies. Also, Russia’s third-largest bank is working to launch a digital asset management service in Switzerland, and Koinex, India’s leading crypto exchange, has set up a new development center in Bengaluru, the country’s…
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Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx
In a landmark judgment, the Supreme Court of Chile has ruled that state-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx without explanation. The judges ruled that the bank acted in compliance with laws on money laundering and terrorist financing, a threat allegedly posed by censorship-resistant, decentralized cryptocurrencies. Also read: Finma: Crypto Startups…