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CRYPTOCURRENCY

Japan’s Largest Bank Partners with US Tech Giant for Blockchain Payment Service

Japan's Largest Bank Partners with US Tech Giant for Blockchain Payment Service

The biggest bank in Japan has partnered with a US tech company to design a blockchain capable of handling 1 million transactions per second, boosting speed and reducing transaction feeds through distributed ledger technology. MUFG and Akamai partnership The Mitsubishi UFJ Financial Group (MUFG) partnered with US-based Akamai to deliver a new global payment network service, which is intended to …


Spain Opens Legal Doors for Funds Investing in Crypto

Spain Opens Legal Doors for Funds Investing in Crypto

Spain’s Comisión Nacional del Mercado de Valores (CNMV) or National Securities Market Commission, recently stated that investment funds could interact with Bitcoin. The statement was within a Q&A document for fintech companies, with one of the questions asking if a fund registered by CNMV could directly invest in cryptocurrencies. The answer by the CNMV was: “This type of funds would …


Crypto Tax Lifted as Poland Heeds Public Demand

Crypto Tax Lifted as Poland Heeds Public Demand

Poland has reviewed its position on cryptocurrencies in the country, as part of a thorough analysis of the crypto space, announcing that it is to temporarily suspend tax collection for digital currencies, according to Cointelegraph. In a similar move to the French government’s, who recently heavily reduced its taxation on sales of cryptocurrency, Poland’s ministry of finance has been forced …


Thai Focus Group Hearing Clarifies ICO, Crypto Stance

Thai Focus Group Hearing Clarifies ICO, Crypto Stance

The Security and Exchange Commission (SEC) of Thailand made several clarifications on cryptocurrency and blockchain when hosting a focus group meeting on cryptocurrency. Broadcast on 21 May on Facebook Live, the SEC discussed its present and future approaches to crypto-related enterprises and initial coin offerings (ICOs). Clarity in conversation As reported by local news outlet Siam Blockchain, the SEC clarified its …


Chinese Ministry of Industry and IT Anticipates Big Year for Blockchain

Chinese Ministry of Industry and IT Anticipates Big Year for Blockchain

China’s Ministry of Industry and Information Technology (MIIT) released a whitepaper on 20 May 20th detailing the accelerating growth and prospective future of blockchain industries in the country. China has notoriously been a slightly cryptocurrency-friendly environment; stances in the country seem rather juxtaposed. For example, initial coin offerings (ICO) and trading are banned entirely, but the nation still promotes blockchain …


Federal Trade Commission to Hold ICO Scam Workshop

Federal Trade Commission to Hold ICO Scam Workshop

The United States Federal Trade Commission (FTC) will be hosting a cryptocurrency workshop to address the critical concerns of scams as well as consumer and investor security within the industry. Educational workshop The ‘Decrypting Cryptocurrency Scams’ workshop will be comprised of law enforcement, research organizations, consumer groups and the private sector to discuss the exploitation of consumers and explore means to …


Is Vitalik Buterin Leaving Ethereum For Google?

Is Vitalik Buterin Leaving Ethereum For Google?

One thing sure to draw attention to a Tweet is to delete it. That is just what Vitalik Buterin did after posting a screenshot of an email from a Google employee, detailing a prospective job offer. As reported by Investing.com, the co-founder of Ethereum recently asked his Twitter following whether he should “drop Ethereum and work for Google”. Buterin shared a picture …


Norway Joins Central Bank Crypto Queue

Norway Joins Central Bank Crypto Queue

An official document has been released by Norway’s Central bank (Norge bank) announcing intentions of launching its own cryptocurrency, according to Cointelegraph. This notice of intent by Norway’s State bank is very much in keeping with current trends showing increasing numbers of central banks looking into the viability of creating national cryptocurrencies. As Bitcoin News illustrated, the adoption of cryptocurrency globally …


Switzerland, Gibraltar, Malta Podium Finishers on Most Crypto-Friendly European List

Switzerland, Gibraltar, Malta Podium Finishers on Most Crypto-Friendly European List

Switzerland has come out on top in a BlockShow Europe study which ranks the most crypto-friendly European countries. Scored on their regulatory frameworks and blockchain related projects among other attributes, Gibraltar and Malta also ranked favorably. Broad observations In total, 48 European countries were examined for their existing regulations of initial coin offerings (ICOs) regulations, cryptocurrencies as a payment service and …


Regulations, Hacking Push Blockchain Provider To The Wall

Regulations, Hacking Push Blockchain Provider To The Wall

Ethereum wallet and blockchain provider Parity has been forced to shut down its PICOPS platform from 24 May following new EU data protection rules and guidelines. “The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to …


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