Category: N-Economy
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Exchanges Roundup: Revolut CEO Discusses Investment, Etoro Starts Rollout of Wallets
In recent exchange news, the chief executive officer of Revolut has expressed doubt regarding the institutional appetite for cryptocurrency exposure, Binance has launched a new research division, and Etoro has begun the gradual rollout of its wallet for Android and iOS users. Also Read: Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia Revolut CEO…
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South Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia
South Korean cryptocurrency exchange Upbit has reportedly started marketing new crypto exchanges in Thailand and Indonesia as part of its global expansion plans. The company recently launched an exchange in Singapore. Over 130 coins and 240 trading pairs will be offered on both of the new Upbit exchanges, according to their websites. Also read: Yahoo! Japan…
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Vietnam at Crossroads on Cryptocurrency Regulations
Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the Ministry of Industry and Trade has expressed its opposition to the ban on imports of mining equipment. Also read: Uzbekistan Sets up International Arbitration Center for Crypto Businesses Justice Ministry Reports…
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Korean Exchange Terminating After Regulator Crackdown
Cryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange is asking its customers to withdraw their cryptocurrencies before the end-of-service date. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Terminating Services and Fund Zeniex, an exchange launched in May,…
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Regulations Roundup: CFTC to Embrace DLT, SIM Swapping Task Force
In recent regulatory news, the chairman of the United States Commodity Futures Trading Commission has predicted that distributed ledger technology will soon be adopted by the CFTC to monitor the financial markets, and a supervisor of the REACT Task Force has emphasized the priority placed on policing SIM swapping in Northern California. In addition, Germany’s…
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Iran Completes Development of Rial-Supported National Cryptocurrency
Iran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports. Also Read: Bahamas…
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Colorado Takes Action Against Four More ICOs – 12 in Total
The Division of Securities of the U.S. state of Colorado has issued four new cease-and-desist orders to stop as many companies from promoting their tokens to residents of the state. So far, action has been taken against a total of 12 initial coin offerings by the state’s securities commissioner. Also read: Yahoo! Japan Confirms Entrance Into the…
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Bahamas Releases Discussion Paper on Crypto-Asset Regulation
The Central Bank of The Bahamas (CBOB) has released a discussion paper proposing how it intends to regulate digital assets. This includes initial coin offerings as part of efforts to eliminate the alleged threat of tax evasion, fraud and money laundering. However, when regulation eventually comes, it is likely that only a state-issued cryptocurrency will…
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Uzbekistan Sets up International Arbitration Center for Crypto Businesses
Following in the footsteps of Russia, Uzbekistan has announced plans to implement arbitration mechanisms to resolve disputes in the cryptocurrency space. A new presidential decree mandates the establishment of a body of arbitrators that will deal with cases involving entities from various jurisdictions. Also read: Growing Number of Crypto Companies Operating From Belarus Arbitrators to…
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Growing Number of Crypto Companies Operating From Belarus
A number of cryptocurrency businesses are now based in the Belarus Hi-Tech Park after the government in Minsk legalized crypto-related activities for its residents. Registering an entity in the special economic zone was supposed to be a straightforward process, but clearer guidelines and detailed regulations are still needed to attract more investors. Also read: Huobi…