Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news China is clamping down on over-the-counter (OTC) crypto trading over money-laundering suspicions, per ChainDD. The media outlet said that the central People’s Bank of China (PBoC) is creating a Read more…
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With bitcoin (BTC) still trading lower both on a weekly and daily basis, a new high in a key price metric shows that investors in recent years have continued to accumulate coins at ever-higher prices. However, opinions still seem to be divided on what the near-term outlook for the bitcoin price is. According to crypto…
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Russia’s seemingly never-ending quest to find consensus on crypto-specific legislation has taken a new turn – with the country’s finance ministry proposing a set of measures that could see failure to report crypto holdings made illegal, and punishable with potentially massive fines. (Updated at 10:48 UTC: updates in bold.) Kommersant reported that under new Read…
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Confusion reigns as to whether South Korean crypto exchanges can – or should – collect their customers’ social security numbers under new Know-Your-Customer (KYC) and anti-money laundering (AML) compliance measures that come into force in a matter of months. Per Digital Today, exchanges are still uncertain of their legal obligations on this front, despite the…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news The Colombian government has opened applications for companies wishing to trial crypto transactions in a new regulatory sandbox, reported Criptonoticias. Companies have until December 31 to register Read more »Pay,…
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An accounting firm has confirmed that Bithumb, South Korea’s major crypto exchange, is up for sale. As reported yesterday, the troubled Bithumb Holdings, which owns over 70% of the exchange is actively looking for a buyer. Accounting firm Samjong KPMG, a joint-venture firm that includes Dutch giant KPMG, one of the global “big four,” told…
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The government of Venezuela said that it has legalized bitcoin (BTC) and altcoin mining – but added that miners will have to obtain licenses and agree to be supervised by regulators. According to media outlet Criptonoticias, the government has issued an official decree stating that all crypto mining rig manufacturers, crypto “farm” constructors and mining…
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Despite worries in the cryptoverse that the US-based software firm MicroStrategy might not be such a strong holder of bitcoin (BTC) as many had hoped, the company’s CEO said that he has been misrepresented by the media, and that he has no intention of selling bitcoin “on short notice.” The confusion regarding what MicroStrategy CEO…
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Clearer regulation and improved liquidity will drive institutional investors to cryptoassets in the years ahead, say British and American fund managers. These were the findings of a survey conducted by crypto asset insurance company Evertas, reports Institutional Asset Manager. The firm quizzed institutional investors who collectively manage USD 78.4 billion in assets, Read more »Pay,…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDCs news JD.com, a multi-billion dollar Chinese e-commerce platform, has joined the central People’s Bank of China (PBoC)’s digital yuan initiative. It becomes the largest company so far to admit that it is…
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