Following a request from the public, the Republic of Burundi has prohibited digital currency trading in the country due to associated risks. The Republic of Burundi in central Africa has banned the trading digital currencies in the country due to associated risks. As Bloomberg reported on Sept. 4, some Burundian citizens urged the government to […]
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European Central Bank key legal official Yves Mersch said that Facebook’s Libra stablecoin is “beguiling but treacherous.” Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg reported on Mersch’s remarks in an article published […]
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Individuals can now only exchange up to $10,000 worth of pesos as the currency continues to crumble. Argentina has reimposed capital controls, limiting citizens’ and businesses’ freedom to buy foreign currency. As Bloomberg reported on Sep. 1, the increasingly troubled South American nation took the step as the Argentine peso (ARS) suffers overwhelming losses against […]
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Financial analysts say a growing number of retail investors are betting on Bitcoin as a hedge against macroeconomic turbulence and U.S.-China trade war. Financial analysts say a growing number of retail investors are betting on Bitcoin (BTC) as a hedge against macroeconomic turbulence during the protracted United States-China trade war. The London Economic reported the […]
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The United States Securities and Exchange Commission reaches $10 million settlement with a Dallas-based digital assets company and its founders. The United States Securities and Exchange Commission (SEC), a primary governmental regulator, has settled charges with digital assets company Bitqyck Inc. and its founders. Smart contracts and crypto mining? The SEC announced the development in […]
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Speaking to mainstream media, the Galaxy Digital founder appeared not at all concerned about Bitcoin price again falling below $10K. Bitcoin (BTC) price may have fallen below $10,000 again but that is no reason to doubt the 2019 bull market, industry investor Mike Novogratz has said. Novogratz: Bitcoin “has had a huge run” Speaking on […]
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French billionaire Bernard Arnault has denied reports that he was involved in a Belgium-based cryptocurrency trading firm. Bernard Arnault, the world’s third richest man, has denied his involvement in setting up a new Belgian crypto trading company Abesix Belgique. Arnault was reported to be a co-founder of Abesix by Belgian business publication De Tijd on […]
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Swiss and Singapore-based cryptocurrency firm Sygnum is in talks with local regulators to seal a crypto banking license in Singapore. Swiss and Singapore-based cryptocurrency firm Sygnum is in talks with local regulators to seal a banking license in Singapore. Business News Bloomberg reported on Aug. 28 that Syngum — which has only just recently been […]
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The chairman of the US SEC says he is for technological solutions that reduce the cost of international payments, but the SEC won’t change the law to facilitate them. United States Securities and Exchange Commission (SEC) Chairman Jay Clayton says he won’t make exceptions in securities law for cryptocurrencies, but he won’t stand in their […]
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Chinese cryptocurrency company Amber Group recruited ex-Morgan Stanley Asia head of derivatives Jeffrey Wang. Former Morgan Stanley Asia head of derivatives Jeffrey Wang officially joined Amber Group, a Shenzhen-based cryptocurrency company. As Bloomberg reported on Aug. 23, Wang will operate out of Vancouver as the head of Americas for Amber. According to the article, he […]
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