カテゴリー: cryptoassets

Finma: Crypto Startups Can Handle up to $100M of Deposits in Switzerland

Finma: Crypto Startups Can Handle up to $100M of Deposits in SwitzerlandCrypto-asset companies can now apply for licenses to handle as much as 100 million Swiss francs ($100 million) in public deposits under new regulations published on Dec. 3 by Switzerland’s Financial Market Supervisory Authority (Finma). The development underscores the European country’s efforts to promote technological innovation, as in the past only commercial banks were allowed to receive […]

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Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge

Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes SurgeUganda will seek to regulate crypto assets to prevent criminals from exploiting digital currencies to scam citizens. This comes as thousands of Ugandans have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in bitcoin. Minister of State for Finance (Planning) David Bahati said the government has […]

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Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge

Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes SurgeUganda will seek to regulate crypto assets to prevent criminals from exploiting digital currencies to scam citizens. This comes as thousands of Ugandans have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in bitcoin. Minister of State for Finance (Planning) David Bahati said the government has […]

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Venezuela Approves Law Granting Legal Effect to the Petro

Venezuela Approves Law Giving Legal Effect to the PetroA government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital currency. Also read: Nigeria’s Opposition Leader Promises Cryptocurrency Policy If Elected President ‘Breaking Financial and […]

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Cryptocurrency Exchange Bitex Launches in the UAE

Cryptocurrency Exchange Bitex Launched in the UAEBitex has officially launched as the United Arab Emirates’ (UAE) newest digital asset exchange. The Dubai-based trading platform will initially support bitcoin core, bitcoin cash, ethereum and litecoin. Bitex also announced the launch of a cryptocurrency wallet that offers an additional cash deposit service, according to media reports. Also read: Market Slump Puts Crypto Derivatives in […]

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Cryptocurrency Exchange Bitex Launches in the UAE

Cryptocurrency Exchange Bitex Launched in the UAEBitex has officially launched as the United Arab Emirates’ (UAE) newest digital asset exchange. The Dubai-based trading platform will initially support bitcoin core, bitcoin cash, ethereum and litecoin. Bitex also announced the launch of a cryptocurrency wallet that offers an additional cash deposit service, according to media reports. Also read: Market Slump Puts Crypto Derivatives in […]

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Spain Monitors 15,000 Cryptocurrency Investors to Curb Tax Evasion

Spain Monitors 15,000 Cryptocurrency Investors to Curb Tax EvasionSpain’s Ministry of the Treasury has identified 15,000 cryptocurrency investors it will monitor to prevent tax evasion and money laundering, according to local media reports. The ministry has vowed to ensure that the investors pay taxes on capital gains from digital currency transactions and that they declare any other benefits accrued from trading. Also Read: KPMG: […]

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KPMG: Institutional Investment Key to Cryptoassets Growth

KPMG: Institutional Investment Key to Cryptoassets GrowthAuditors KPMG have published a report stressing the need for institutional investors to join the cryptocurrency industry. The report outlines the importance of cryptoassets as an investment alternative and how institutional investors can take part in the process. Also Read: Zimbabweans Use BTC to Pay For Food Hampers Amid Foreign Currency Crisis ‘Digital Assets Have Potential, […]

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Bahamas Releases Discussion Paper on Crypto-Asset Regulation

Bahamas Releases Discussion Paper on Cryptoassets RegulationThe Central Bank of The Bahamas (CBOB) has released a discussion paper proposing how it intends to regulate digital assets. This includes initial coin offerings as part of efforts to eliminate the alleged threat of tax evasion, fraud and money laundering. However, when regulation eventually comes, it is likely that only a state-issued cryptocurrency will […]

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Mauritius Regulator to Provide Licenses to Digital Asset Custodians

Mauritius Regulator to Provide Licenses to Digital Asset CustodiansThe authorities in the island nation of Mauritius plan to start issuing custodian licenses to companies holding digital assets on behalf of clients. The financial regulator said the existing licensing regime is not suited for that purpose, although licensees under the new rules will have to comply with similar requirements.        Also read: Abu Dhabi […]

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