Germany’s newly installed cryptocurrency laws have made it illegal for new firms to launch crypto trading, custody services and issue tokens, according to experts. Since January 1, the German Banking Act has stated that crypto assets now qualify as financial instruments and that crypto-exchanges and custodians now require a license from the German Federal Financial…
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Uzbekistan’s president has produced a draft decree that will see tax authorities in the country waive taxes on cryptocurrency trading and transactions – for both Uzbeks and non-nationals living in the country. As previously reported, the government has been keen to implement the new measures – as well as new mining regulations – since the…
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Should interest in spot trading wanes, this year will see crypto derivatives rising, with futures and options contracts taking a larger market share, estimates TokenInsight, a token data and rating agency. Also, competition for institutional clients might force exchanges to lower fees, they added. In 2019, the volume of OKEx futures was 2.24 times the…
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Major crypto exchange Binance now aims to find more merchants for its a peer-to-peer (P2P) crypto trading platform in an attempt to meet “growing demand.” The company launched a global peer-to-peer (P2P) merchant program, encouraging merchants to use the exchange as a way of providing payments through fiat currencies and earn revenue by doing so.…
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A report from South Korea claims that bankers in the country are concerned about the rise of an unexpected crypto threat – American coffee shop chain Starbucks. Per the Korea Times, banking professionals have theories about the company’s digitization plans, and worry that they will fall behind when the coffee company flexes its crypto muscles.…
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The South Korean government is reviewing a proposal that could see it introduce a tax on cryptocurrencies. Meanwhile, new Russian Prime Minister Mikhail Mishustin appears keen to see the government adopt a crypto tax law by spring 2020. Per news agency Yonhap, the Korean finance ministry is currently mulling a plan that would see crypto…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The Venezuelan government will create a “crypto casino” in the Hotel Humbolt de Caracas in the country’s capital. Media outlet Criptonoticias reports that the only cryptocurrency Read more »Pay,…
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Lone giraffe against backdrop of the Nairobi city skyline. Kenyan market regulators should focus on creating an innovative regulatory framework instead of demonizing initial coin offerings (ICOs), which is an “independent and viable way” to raise capital, according to local market participants. This week, the Capital Market Authority of Kenya (CMA) warned Read more »Pay,…
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Source: iStock/pichet_w Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. IPO news Proof of Trust Ltd said Friday it is planning to float its shares on the Main Market of the London Stock Exchange in an unspecified future, reported…
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It seems that Mordor Intelligence, a market research company, downgraded its hardware wallet market growth forecast, while the market is still expected to grow more than 4 times its current size and reach USD 708 million by 2025. Now, the company says that in 2019, the hardware wallet market was valued at USD 164.19 million,…
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