Category: N-Economy
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Nordic Region’s Largest Bank Nordea Suspected of Money Laundering
Nordea, the largest bank in the Nordic region, is reportedly suspected of being part of a major international money laundering scandal. The scheme allegedly involved a Russian client and took place over multiple years at an international branch of the bank that is now closed. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator…
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Four Court Cases Confirm Cryptocurrencies Are Commodities in the US
Cryptocurrencies are commodities, according to four court cases involving the U.S. Commodity Futures Trading Commission (CFTC). A federal judge recently ruled that a token is a commodity, certifying the CFTC’s authority to prosecute fraud and manipulation in the crypto space. In her ruling, the judge cited three other crypto-related cases that arrive at the same…
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Venezuela Makes Petro Crypto a National Currency, Publishes New Whitepaper
Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international exchange houses.” A new whitepaper has also been published showing that the petro is…
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South African Startup Centbee Launches Bitcoin Cash Payments App
Centbee of South Africa has announced the launch of its bitcoin cash wallet app in beta, as adoption continues to grow in Africa and elsewhere around the world. Some shops in Kenya already accept bitcoin cash for purchases. Also read: BCH Roundup: Merchant Adoption, Wallet Services And Hackathon. Centbee Wallet App Allows Users to Send Bitcoin…
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CFTC Chair Explains Why US Has Regulated Bitcoin Futures but Not Bitcoin ETFs
The chairman of the U.S. Commodity Futures Trading Commission (CFTC) has explained why bitcoin futures have been approved in the U.S. but bitcoin ETFs have not. He also shared his thoughts on the future of cryptocurrencies and how they can potentially solve currency-related problems in as much as two-thirds of the world’s countries. Also read: 160…
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Exchanges Roundup: Tether, Bitfinex Drop Noble Bank, Bitmex Hires COO
In recent news pertaining to cryptocurrency exchanges, Noble Bank is looking to sell after reportedly losing Bitfinex and Tether as clients, Bitmex has announced the former compliance head of Hong Kong Exchanges and Clearing Limited as its new chief operating officer, and Huobi’s director of research into blockchain applications has discussed the company’s goals for…
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Lamassu Launches New Line of Cryptocurrency ATMs
Lamassu, a Portuguese Bitcoin ATM manufacturer, has unveiled three new machines comprising its “next generation” of cryptocurrency ATMs. Also Read: Japan Roundup: Bitflyer Restructures, Zaif Suspends New Member Registrations Lamassu Launches New Cryptocurrency ATMs Lamassu has launched its new ‘Sintra’ range of cryptocurrency ATMs – the Sintra, Sintra Forte, and Douro II. All of the machines…
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Japan Roundup: Bitflyer Restructures, Zaif Suspends New Member Registrations
The largest crypto exchange in Japan, Bitflyer, has announced a major organizational overhaul. A new representative director has been appointed to oversee the exchange’s day-to-day operations. Meanwhile, hacked crypto exchange Zaif has stopped accepting new customers as regulators ramp up oversight of exchange operators. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals…
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Study Finds Growing Number of BATMs in Belgium and the Netherlands
The number of cryptocurrency ATMs in Belgium and the Netherlands is growing, according to newly released data. Amsterdam is leading among major cities in the Benelux region, with 12 machines supporting digital coin transactions. Luxembourg, which is a global center of traditional finances, is lagging behind in terms of available crypto teller services. Also…
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Regulations Roundup: Industry Leaders Want Clarity, Alliance Capitals Earns FINMA Warning
In recent news pertaining to cryptocurrency regulations, industry leaders have urged U.S. lawmakers to provide regulatory clarity or risk a crypto firm exodus, a Greek representative to the European Parliament has advocated for a lightweight cryptocurrency apparatus to avoid stifling innovation across the distributed ledger technologies industries, and the Swiss Financial Market Supervisory Authority has…