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CRYPTOCURRENCY

Over 3,000 Bitcoin ATMs Worldwide and Argentina Wants 30,000 of Its Own

Over 3,000 Bitcoin ATMs Worldwide and Argentina Wants 30,000 of Its Own

New figures released by CoinATMradar show that there are now 3,125 Bitcoin ATMs worldwide, with six new installations daily, reports Bitcoinist. Argentina plans to become the world’s biggest player with pre-agreements to install 4,000 ATM around the South American country as part of a new government plan to install 30,000 machines in the future. Bitcoin’s recent slump hasn’t seemed to have …


UK FCA Probes 24 Crypto Businesses in ‘4th Most Crypto-Friendly Nation’

UK FCA Probes 24 Crypto Businesses in '4th Most Crypto-Friendly Nation'

The Financial Times reported that the UK’s Financial Conduct Authority (FCA) has launched an inquiry into 24 “unauthorized” businesses that are involved with cryptocurrencies; additionally, they are investigating several related whistleblower reports. Through a freedom of information request made by accountancy and consulting firm, Moore Stevens, the FCA has revealed that it is attempting to determine whether the businesses in …


Crypto Addicts Can Kick the Habit at New Scottish Unit

Crypto Addicts Can Kick the Habit at New Scottish Unit

A treatment center for people who have developed a cryptocurrency habit has been opened at a hospital on the Scottish borders, according to Sky News. The West Linton facility at Castle Craig Hospital in Peebleshire, on Scotland’s most southern border with England, is planning to extend its regular operations from running treatment for drug and alcohol addiction to treating investors …


Marshall Islands Is Officially Crypto Enabled

Marshall Islands Is Officially Crypto Enabled

The Marshall Islands made its own cryptocurrency, doing away with the US dollar in March, but is unclear as yet if the island’s banking system is ready to adopt it, reports The Verge. Politically, the Marshall Islands (RMI) is a presidential republic in free association with the United States, with the US providing defence, subsidies, and access to US-based agencies such …


Bitcoin Could Be a Brazilian Bureaucracy Breaker

Bitcoin Could Be a Brazilian Bureaucracy Breaker

Cryptocurrency can promote entrepreneurship and social justice, writes Ruairi Luke McCallan in Hacker Noon, and this is no more evident than in Brazil. The Brazilian Association of Cryptocurrencies and Blockchain (ABCB) was launched in São Paulo last week with the aim of increasing the debate around digital currencies with the government. Bitcoin News reported recently that Febraban, the Brazilian Federation …


Israel’s New AML Laws Add Clarity for Crypto Investors

Israel's New AML Laws Add Clarity for Crypto Investors

Israel’s finance minister Moshe Kahlon has signed draft legislation which has been introduced to combat cryptocurrency money laundering in the Middle Eastern state, writes Israeli business source Globes. The new draft notice is an addition to an existing law, due to be introduced into legislation in June of this year. The money laundering legislation will now include digital currency for …


The Rock Is Rolling with Gibraltar’s Investor Surge and First Crypto Postage Stamp

The Rock Is Rolling with Gibraltar's Investor Surge and First Crypto Postage Stamp

Xapo, the reputed startup holding USD 10 billion of Bitcoin for clients, is set to begin operations from the Rock of Gibraltar as the British overseas territory continues to attract Fintech business, reported Bloomberg. Gibraltar aims to lure new and existing fintech companies to its shores, following in the footsteps of other European countries such as Malta and Switzerland, both of …


Bank of England Governor Openly Considers a Central Bank Digital Currency (CBDC)

bank of england, cryptocurrency, CBDC, central bank

Mark Carney, Governor of the Bank of England, spoke at the Riksbank Anniversary conference on Friday, putting forward an open-minded stance about the possibility of a central bank digital currency (CBDC). Potential CBD for England As reported by Bloomberg, while Carney appeared open to the idea, he also pointed to several issues that prevented him from offering his full support for a CBDC. …


Man Threw Away $60 Millions Worth of Bitcoin, But Global Losses Amount to $25 Billion

bitcoin, cryptocurrency, losses

Crypto investor James Howells became another victim of not managing his cryptocurrency carefully when he threw away his hard drive, which would now be worth around $60 million dollars, reports the New York Post. Lost cryptocurrency is not a new phenomenon. Matthew Mellon, one time head of New York Republican State Committee’s finance committee, related to the founder of Mellon …


South African Central Bank Refers to Cryptocurrencies as “Cyber-Tokens” Ahead of Regulation Review

south africa, cyber tokens, cryptocurrency, regulations

The Central Bank of South Africa prefers to name cryptocurrencies as “cyber-tokens,” despite having no stated regulations or policies in place for cryptocurrencies. As reported by Bloomberg, May 24th, Francois Groepe, South African Reserve Bank (SARB) Deputy Governor said in Pretoria “We don’t use the term ‘cryptocurrency’ because it doesn’t meet the requirements of money in the economic sense of …


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