Fidelity Digital Asset Services, LLC has procured a charter from the New York State Department of Financial Services to operate a virtual currency custody and execution platform. Fidelity Digital Asset Services, LLC (FDAS) has procured a charter from the New York State Department of Financial Services (NYDFS) to operate a virtual currency custody and execution…
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Another FAANG company has its sights on financial services — this time it’s Google, as Forbes has reported, polemically claiming this could “kill Bitcoin.” Another FAANG company has its sights on financial services — this time it’s Google, as Forbes reported on Nov. 16, polemically claiming this could “kill Bitcoin.” In an interview with the…
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U.S. authorities extradite Swedish citizen from Thailand for multi-million dollar fraudulent security offering in the form of a gold investment scheme. The United States has extradited a Swedish national from Thailand for allegedly selling fraudulent securities to investors online, garnering over $11 million worth of Bitcoin (BTC). Per a press release from the U.S. Department…
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Venezuelan President Nicholas Maduro announced that country’s retirees and pensioners will be paid their Christmas bonuses in Petro. Venezuelan President Nicholas Maduro announced that the Christmas bonus of the country’s retirees and pensioners will be paid to them in the national cryptocurrency Petro. The Twitter profile of local news outlet Venepress reported on Maduro’s remarks…
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Iranian protesters have set Behbahan branch of the Central Bank of Iran on fire as the cryptocurrency community follows the developments. Iranian protesters have set the building of the Central Bank of the Islamic Republic of Iran in the city located in the city of Behbahan on fire, as the cryptocurrency community closely follows the…
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U.S. Democratic presidential candidate Andrew Yang thinks cryptocurrencies experience fraud due to lack of regulations and plans to tackle the issue. Democratic 2020 presidential candidate Andrew Yang has outlined how he plans to regulate the cryptocurrency industry. Promise to promote legislation on cryptocurrencies On Nov. 14, Yang, an entrepreneur, lawyer, philanthropist and a Democratic candidate…
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A peek at the Reserve Bank of India’s views on cryptocurrency regulation and its exploration of central bank digital currencies. Cryptocurrencies, with a market capitalization of over $200 billion, can no longer be dismissed as just a fad. While still making up only a tiny fraction of overall global financial markets, they have matured from…
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The Indian government will not be considering a crypto-related draft bill during the winter session of Parliament as was previously planned. The Indian government will not be considering a cryptocurrency-related draft bill during the winter session of Parliament as was previously planned. The draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies”…
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Europe has the potential to become a global leader in crypto-assets if it succeeds to create a common approach to regulating the sector, argues the AFME. Europe has the potential to become a global leader in crypto-assets if it succeeds to create a common approach to regulating the sector. So goes the argument in a…
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Blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023, according to new research by IDC. China’s spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on Nov. 10. The report claims that blockchain development in China will see a compound annual…
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