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US Presidential Hopeful Yang Calls for National Crypto Regulations

30.1.2020
Andrew Yang. Source: Andrew Yang, Twitter American presidential candidate and tech entrepreneur Andrew Yang has reiterated his calls to developing a framework of cryptocurrency regulations ahead of the key Democratic Party caucuses in Iowa on February 3. Yang told Bloomberg, in an interview with...

Key Highlights of India’s National Strategy on Blockchain

30.1.2020
The blockchain technology adoption is on the rise globally. Most of the countries across the world are realizing the benefits of the open ledger and applying the technology to accomplish a number of tasks in different domains. India, one of the fastest-growing economies in the world, has also...

Panic Withdrawals at Indian Bank Over Alarming KYC Notice

24.1.2020
Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts....

Maduro Opens Crypto Casino in Venezuela

20.1.2020
Venezuela’s President Nicolas Maduro has authorized the opening of a casino at a luxury hotel in Caracas where bets must be placed in petros, the country’s national oil-backed digital currency. Several cryptocurrencies and fiat currencies can be exchanged into petros to wager in...

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange

16.1.2020
Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed...

Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone

10.1.2020
South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will...

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

8.1.2020
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients....

Problems Escalate in Venezuela as Millions Rush to Spend Petros

7.1.2020
According to the Venezuelan government, millions of families have used the petro, the country’s national digital currency, to pay for goods and services. As shoppers rush to spend their coins, merchants are reportedly struggling, effectively forced to sell goods at a deep discount. At least...

South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb

30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...

Greek Court Suspends Decision to Extradite Alexander Vinnik

25.12.2019
The Supreme Administrative Court of Greece has suspended a decision to extradite the alleged BTC-e operator Alexander Vinnik. The temporary measure has been imposed to allow the review of an appeal against the extradition. The Russian national, accused of laundering billions of dollars through...

Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens

15.12.2019
The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip)...

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