Category: N-Economy
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Bitgo Attains Regulatory Approval in United States
Bitgo, a cryptocurrency security and custody company, has been granted regulatory approval to provide its storage services to the United States. Specifically, Bitgo will target U.S.-based institutional investors with its “Bitgo Trust Company.” Also Read: Corporate Creditors Can Now File Claims for Mt Gox Restitution Bitgo Approved by South Dakota Regulators The South Dakota Division of…
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Bittrex to Launch Crypto Exchange in Malta Next Month
US-based cryptocurrency exchange Bittrex is reportedly launching a crypto exchange in Malta at the beginning of next month. Bittrex says the new platform will allow them to list coins “a lot faster.” It will operate within the regulatory framework established by the European Union and the Maltese government. Also read: 160 Crypto Exchanges Seek to Enter…
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New French Law Sets Out Guidelines For ICOs
After slashing taxes on profits made from cryptocurrency trading by more than half, France has now implemented a new legal framework for initial coin offerings (ICOs). Is Europe’s third largest economy transforming into a haven for cryptocurrency? Also read: Faced With Cash And Forex Shortages, Zimbabweans Turn To Bitcoin – Even When It’s Banned French Lawmakers…
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Exchanges Round-Up: Spotware Launches “Out-of-the-Box” Platform, Huobi to Rebrand Hadax
In recent news pertaining to cryptocurrency exchanges, Spotware has announced the launch of an “out-of-the-box” cryptocurrency exchange platform, Huobi has announced that it’s Autonomous Digital Asset Exchange will be rebranded to “Huobi Next” before merging with Huobi Global, and Liechtenstein’s financial regulator will hold off on introducing legislation governing the operations of crypto-to-crypto virtual currency…
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Crypto Featured in British Soap Coronation Street With 8 Million Viewers
Cryptocurrency is a major plot of the longest-running British soap opera Coronation Street this week. Each of the show’s episodes currently has about 8 million viewers. A character in the show invested in a cryptocurrency back in 2011. After some research, he thinks he is sitting on a fortune. Also read: 160 Crypto Exchanges Seek to…
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Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status
A Canadian regulated bitcoin trust has achieved the mutual fund trust status, allowing eligible investors to invest in the trust through government-sponsored tax-efficient investment plans. The investment is approved by the Ontario Securities Commission and the British Columbia Securities Commission. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Mutual Fund Trust Status…
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US Financial Industry Regulatory Authority Issues Its First Crypto Disciplinary Action
The U.S. Financial Industry Regulatory Authority has taken its first disciplinary action involving cryptocurrencies. The authority charges a broker with fraudulent and unlawful distribution of unregistered crypto securities. The owner allegedly “attempted to lure public investment in his worthless public company” by issuing “the first minable coin backed by marketable securities.” Also read: 160 Crypto Exchanges…
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Huobi ‘Aggressively’ Enters Japanese Market With Plans to Become the Largest Exchange
Crypto exchange Huobi is entering the Japanese market by acquiring a majority stake in one of the 16 government-approved crypto exchanges in the country. The company says it plans to “aggressively scale this trading platform into the largest in Japan,” with an eye on global expansion in the future. Also read: 160 Crypto Exchanges Seek to…
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Cash to Crypto Trade Blooming in Moscow, Reports Say
Buying cryptocurrency in Russia these days increasingly means parting with fiat cash, be it Russian rubles or American dollars. According to numbers quoted by local media, the 24-hour market turnover, just in Moscow, reaches a staggering $50 million dollars on peak days. Some say the cash-crypto trade resembles the wild-wild-east street forex of the 90s,…
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Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair
Bank executives rarely get punished for their misdeeds, leading to many people distrusting the entire banking system as plagued with widespread corruption. But once in a while someone has to bite the bullet. Recently, public anger has forced a CFO of a major bank to quit after a huge money laundering affair came to light.…