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22 Indian Bank Branches to Begin Offering Crypto Banking Services
28.10.2020
An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their cryptocurrencies, and more....
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
28.10.2020
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion...
PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites
26.10.2020
A report suggests the action may be over the firm's digital currency, Masterbucks
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
24.10.2020
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply...
‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services
22.10.2020
Paypal launching cryptocurrency services has given crypto investors much to think about. While many crypto users view the news as extremely bullish, some point out several areas of concern bitcoin investors should be aware of. ‘Every Major Bank Is Having a Meeting About How To Support...
US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million
20.10.2020
Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules. According to documents published Oct. 19...
Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020
17.10.2020
Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfilled. In its first so-called“transparency report” published Friday...
This New Service Plays Matchmaker Between Solo Miners, Big Mining Farms
16.10.2020
Compass by HASHR8 matches individual miners with mining farms to host their hardware
Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations
16.10.2020
The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported. In August, the agency announced new rules for the taxation of what it calls “digital...
SmartSwap™ from TrustSwap is the Escrow Service DeFi's Been Waiting For
10.10.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Since the beginning, the cryptocurrency industry has featured some high-flying projects and plenty of promises of what was to come. Experts in global finance have hailed the development of the technology that...
Ripple Launches New Credit Service For Cross-Border Payments
9.10.2020
Source: Adobe/Тихон Купревич
California-based liquidity provider Ripple has introduced a new beta service, Line of Credit, designed to enable customers to benefit from its On-Demand Liquidity (ODL) service to source capital on-demand, and initiate cross-border payments with the use of the...
Dutch central bank approves first crypto service under AMLD5 regulations
9.10.2020
The Netherlands has imposed tight regulations related to EU anti-money laundering laws
Japan’s Messaging Giant Line Introduces Crypto Lending Services
7.10.2020
Back in the summer of 2018, the Japanese messaging giant, Line Corp., launched a cryptocurrency exchange with over 30 digital assets. Now Line is introducing crypto lending services with five different crypto assets and a new lineup of decentralized applications (dapps). The Japanese messaging...
Japan’s LINE Starts Crypto Lending Service
7.10.2020
The makers of Japan's popular messaging app LINE is launching a crypto lending service through its BITMAX exchange
Cryptowisser: 75 Crypto Exchanges Dead in 2020 – More Will Follow
5.10.2020
5th October 2020, leading Crypto service comparison site – Cryptowisser, announces its Crypto exchange graveyard. The detailed page lists and explains the many crypto exchanges (largely centralized exchanges) that have disappeared, expired or collapsed this year, giving an insight into...
Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority
3.10.2020
Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Oct. 2, Coinbase sent...
Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
2.10.2020
Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers...
Trading platform eToro launches Staking-as-a-service feature
1.10.2020
Users automatically receive rewards on some of their crypto positions
eToro to Offer Staking Rewards for Holders of TRON and Cardano
1.10.2020
Free of charge for eToro clients, the new staking service will initially support Cardano and TRON but will add other tokens in due course
New Zealand Tax Agency Asks Crypto Firms to Hand Over Clients’ Personal Data
29.9.2020
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says...