カテゴリー: U.S.

Binance Terminates Services for Users in Belarus

Binance Terminates Services for Users in BelarusCryptocurrency exchange Binance has informed Belarusian customers that its services will no longer be available in their country. The announcement follows reports of similar restrictions for residents of other nations under economic sanctions, such as the Islamic Republic of Iran and Zimbabwe. Also read: Russian Miners Sell Their Equipment Amid Market Plunge Belarusians Lose Access […]

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BTC-e Operator Alexander Vinnik to Go on Hunger Strike, Lawyer Says

Vinnik to Go on Hunger Strike, Lawyer SaysAlexander Vinnik, the suspected operator of the infamous BTC-e exchange, plans to start a hunger strike on Monday, days before his next court hearing. The Russian, who has been accused by U.S. authorities of laundering billions of dollars through the now-defunct crypto trading platform, fears he is not going to receive a fair trial.   […]

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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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Russian Developers to Help Iran Build Its Crypto-Economy

Russian Developers to Help Iran Build Its Crypto-EconomyExperts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.   Also read: Vietnam at Crossroads on Cryptocurrency Regulations Crypto Associations Sign Cooperation Agreement The document has been signed by […]

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Digital Bank Revolut Surpasses 3 Million Customers

Digital Bank Revolut Surpasses 3 Million CustomersU.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans […]

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Iran Completes Development of Rial-Supported National Cryptocurrency

Iran Completes Development of Rial-Supported National CryptocurrencyIran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports. Also Read: Bahamas […]

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Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions

Global Cryptocurrency Exchanges Cut Ties With Iran After New U.S. SanctionsA number of cryptocurrency exchanges have reportedly cut ties with Iran after the U.S. imposed tougher economic sanctions against the Islamic Republic. Sepehr Mohammadi, head of Iran’s Blockchain Community, told local media that Binance and Bittrex are some of the platforms to have unofficially dropped Iran from the list of supported countries to receive services. […]

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Genesis Global’s Bitcoin Loans Hit $553M in 6 Months

Bitcoin Lender Genesis Advances $553 Million Loans in Six MonthsGenesis Global Trading has released a financial report for the third quarter that shows the U.S. cryptocurrency lender provided $553 million worth of digital asset loans. These were issued to corporate borrowers such as hedge funds and trading firms in the form of BTC, BCH, ETH and other cryptocurrencies.  Also read: World’s Biggest Banks Helped Clients Steal […]

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Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations

Former CFTC Chair Advocates "Technology Neutral" RegulationsThe former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs). Also Read: Two US States […]

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Fincen Claims Iran Is Using Crypto to Evade Sanctions

ranian Bitcoin Transactions Estimated at $3.8M Since 2013The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian […]

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