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Crypto ATMs Proliferate – 6,000 Installed and Counting


The number of cryptocurrency ATMs installed worldwide has surpassed 6,000, nearly a 50% growth since the beginning of the year. The U.S. leads other countries with over 4,000 crypto ATMs, followed by Canada and the U.K. Several producers offer a range of machines for anyone wanting to get started...

Restrictions Worldwide Show Why It’s Vital to Be Your Own Bank


As capital controls and banking restrictions continue to affect various populations worldwide, standing in the way of individuals and their hard-earned savings, some are looking to safer options and even cryptocurrencies. Lebanon, Zimbabwe, and India are just a few of the countries to deal with...

Global Trend Against Cash Intensifies as China Joins the Squeeze


For various reasons, a growing number of nations are experiencing the rapid development of cashless society. Paper money may become extinct in some countries in the not-so-distant future. Prompted by the spread of private and decentralized cryptocurrencies and the threat of losing control over...

Coinbase Card Adds 10 Countries, XRP Support + More Crypto News


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 Coinbase Card, a Visa debit card issued by Coinbase, is now also available in Bulgaria, Croatia, Denmark, Hungary...

ITFC Raises Its Trade Finance and Development Efforts in OIC Countries


International Islamic Trade Finance Corporation (ITFC) has announced that in the third quarter of 2019, it helped in boosting growth in these nations by financing transactions to the tune of $2.2 billion. It is a significant development and shows the sort of financial commitment that has been made...

Argentina’s Example Shows That You Don’t Own Your Money


Cash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account...

Market Update: Crypto Prices Spike Significantly In a Matter of Minutes


Digital currency markets have seen a strong price spike on Friday, adding billions to the overall market capitalization of the entire cryptoconomy. The surprise upward trend shows a few of the top-performing cryptocurrencies have gained between 10-20% in the last 24 hours. Also read: FATF Starts...

FATF Starts Checking How Well Countries Implement Crypto Standards


The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements...

Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty


Cryptocurrency exchange Bittrex is discontinuing operations in 31 countries, including Venezuela and Zimbabwe. The trading platform has justified its decision on the basis of the regulatory uncertainty in these jurisdictions. Some of the nations in the list are going through political turmoil...

G20 Informed Stablecoins Could Pose Financial Stability Risk


The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef...

Tax Guide: What Crypto Owners Should Know


With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are...

More Nations Join the Club of Crypto-Friendly Jurisdictions


Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing. Also read: Ukraine in a Rush to Legalize...

Visa, Mastercard, Ebay, Stripe Join Paypal in Leaving Libra


Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies. David Marcus, who is in charge of...

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