South Africa Is Making Strides Toward Crypto Clarity With the Reserve Bank’s Latest Report

The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country. A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public input to develop a cryptocurrency regulation policy for the country. This latest consultation paper is […]

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ING Bank Signs 5-Year Licensing Deal With R3 for Access to Its Blockchain Platform Corda

ING bank has signed a five-year deal to have unlimited licences for R3’s commercial blockchain platform, Corda Enterprise. Dutch international bank ING has signed a deal with enterprise blockchain consortium R3 for access to R3’s commercial blockchain platform, according to a press release published Jan. 22. As a part of the five-year agreement, ING Bank […]

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Iceland: Figurehead in Bitcoin Miner Heist Jailed for More Than Four Years

Suspect in Bitcoin miner heist Sindri Þór Stefánsson managed to flee to Sweden before authorities arrested him in the Netherlands. An Icelandic man has received a four-and-a-half-year prison sentence for stealing Bitcoin mining equipment, local English-language news outlet Iceland Monitor reported Jan. 17. Sindri Þór Stefánsson, who in April 2018 boarded a flight to Stockholm […]

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Japan: E-Commerce Giant Rakuten to Move Crypto Exchange to New Payments Subsidiary

Japanese e-commerce giant Rakuten will control its crypto exchange and prepaid card service through a new setup called Rakuten Payment. Japanese e-commerce firm Rakuten has announced a revision to its corporate restructure, setting up a new payments subsidiary that includes its cryptocurrency business, Cointelegraph Japan reported Jan. 21. Rakuten, known informally as ‘Japan’s Amazon,’ originally […]

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