Crypto Exchange Bithumb Blocks Trading in 11 Countries
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Crypto Exchange Bithumb Blocks Trading in 11 Countries

Bithumb, the largest cryptocurrency exchange based in South Korea, has announced that it will be blocking crypto trading in 11 countries as a part of its revised regulations, attempting to prevent money laundering using its platform. Moreover, there is going to be an even stricter verification process for foreign users....
Ten New Bitcoin ATMs Installed in Prague
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Ten New Bitcoin ATMs Installed in Prague

Prague residents using the city subway system can now access 10 newly installed cryptocurrency ATMs. General Bytes, one of the largest manufacturers of bitcoin ATMs in the world, recently installed ten new cryptocurrency ATMs throughout the subway system in Prague, Czech Republic. General Bytes is the manufacturer of roughly about...
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Satoshi Statue Project Gains Support in Ukraine’s Capital

The Build Satoshi Project, a global campaign to erect statues of Satoshi Nakamoto around the world, has started gaining support and momentum in Kiev, Ukraine. Residents and visitors of the city might soon be able to spot a monument of the Japanese creator of blockchain tech and bitcoin, around them....
BTCC to Launch Upgraded Exchange Platform Next Month
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BTCC to Launch Upgraded Exchange Platform Next Month

BTCC, a Hong Kong crypto company, announced on social media that it is going to launch its new, upgraded exchange platform next month. The upgraded platform will provide better liquidity, faster deposits & withdrawals, with no trading fees for the first 3 months. With the launch of the new exchange...
Governor of Bank of England Open to the Idea of CBDC
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Governor of Bank of England Open to the Idea of CBDC

Mark Carney, Governor of Bank of England, said that he is quite open-minded to prospects of a CBDC (Central Bank Digital Currency), at Riksbank’s Anniversary conference, reports Bloomberg. Riksbanken, or Sveriges Riksbank as it is officially known, is the central bank of Sweden. Although he doesn’t ignore the prospect of...
Czech Energy Supplier Introduces Crypto Payments
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Czech Energy Supplier Introduces Crypto Payments

Pražská Plynárenská, one of the major suppliers of natural gas in the Czech Republic, has announced that it will soon start accepting crypto payments from its customers. According to company’s management, customers can opt for bitcoin payments as early as next month.  The company is about to join an increasing...
Chinese City to Utilise Blockchain to Fight Tax Evasion
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Chinese City to Utilise Blockchain to Fight Tax Evasion

Shenzhen’s tax authority has partnered with Chinese internet giant, Tencent, to combat tax evasions in the city. According to an announcement on Thursday, Tencent and the Shenzhen National Taxation Bureau have been jointly working towards setting up an innovation lab called ‘intelligent tax’, with an aim to introduce technological innovations...
Financial Institutions in Russia to Test Central Bank's ICO Platform
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Financial Institutions in Russia to Test Central Bank’s ICO Platform

Major financial institutions in Russia are all set to trial a new regulatory platform developed by the central bank of Russia, aimed at making domestic ICOs (initial coin offerings) more secure and transparent for Russian investors. Russia’s NSD (National Settlement Depository) is currently working with Sberbank CIB, the bank’s multinational...
Frankfurt Stock Exchange Wants to Launch Crypto Products
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Frankfurt Stock Exchange Wants to Launch Crypto Products

According to a report, Deutsche Boerse, owner of the FSE (Frankfurt Stock Exchange), is now considering launching crypto products. Jeffrey Tessler, Frankfurt Stock Exchange’s head of clients, products & core markets, said the firm is ‘deep at work with it’, at an event in London yesterday. However, it’s highly unlikely...
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India Considers GST on Trading of Cryptocurrencies

India considers levying 18 percent GST on trading of digital currencies, at a time when there’s no clarity about the legal status of cryptocurrencies in the country. According to the report published by Bloomberg on May 23, the information was revealed by people directly related to the matter. India’s Central...
Singapore Set to Bring New Regulations for Decentralized Exchanges
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Singapore Set to Bring New Regulations for Decentralized Exchanges

The MAS (Money Authority of Singapore), the city-state’s central bank and financial regulatory authority has proposed some new changes to existing rules and regulations, in an attempt to ease the market entry for all decentralized exchanges. If the proposal gets accepted, blockchain-based exchanges would also have an easy entry into...
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ACCC Report Reveals Amount Lost to Crypto Scams in Australia

The annual scams report published by The Australian Competition and Consumer Commission (ACCC) has disclosed the amount of money lost to crypto scams in Australia last year. According to the official report, Australian consumers lost roughly $2.1 million last year to cryptocurrency-based scams. The ACCC’s analysis report also reveals that...
Another Crypto Venture Shut Down Amidst New EU Rules
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Another Crypto Venture Shut Down Amidst New EU Rules

The new major regulatory push by the EU continues to compel ventures in cryptocurrency space to shut down. In an attempt to regulate the crypto market and control how firms operate on the internet, the EU is introducing some new rules and regulations. This time, it’s Parity Technologies shutting down...
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