The government of Uzbekistan has banned its citizens from purchasing cryptocurrencies. The government of Uzbekistan has reportedly barred its citizens from purchasing cryptocurrencies. According to local news outlet Novosti Uzbekistana on Dec. 25, the National Project Management Agency has banned citizens from purchasing crypto, even on established exchanges. The decision comes as a surprise to […]
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Decentralization is one of the most important ideas behind blockchain technology, but the more real applications we see, the more centralized and government-backed it’s becoming. The fad is dying. A recent CB Insights report that was cited Bloomberg announced a 60% decline in blockchain startup investments this year, down to $1.6 billion. But at the […]
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The Deutsche Bank Imagine 2030 report highlights centralized tokens as the driver for fiat’s demise. A recently unveiled Deutsche Bank “Imagine 2030” report boldly puts a date on the eventual fiat–crypto “social consensus flip,” citing the Asian continent and, in particular, China, to have already recognized the trend. If true, then what every cryptocurrency speculator […]
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What exactly are the significant steps emerging blockchain technology has made toward making the world a better place? Ongoing technological advancement in digital currencies is a phenomenon that can help developing countries both politically and economically. Cryptocurrencies can solve problems that are unique to these countries by providing access to a bank account, easy transfer […]
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New legislation called 5AMLD places crypto firmly under the EU’s regulatory umbrella. The deadline is rapidly approaching. 5AMLD — the Fifth Anti-Money Laundering Directive — is a piece of legislation that brings fiat-to-crypto exchanges and custodial wallets across the European Union under a new first-of-its-kind regulatory framework. Exchanges must achieve compliance with the rules by […]
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Monero’s compliance workgroup concludes that FinCEN Funds Travel Rule does not apply to underlying assets and cryptocurrencies such as XMR. The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post. What […]
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Choosing a cryptocurrency exchange can be difficult but here’s 10 essential aspects to consider when looking for a trading platform. Choosing the right cryptocurrency exchange may be one of the most important initial tasks an interested trader or investor must complete. Picking the wrong platform could potentially lead down a road riddled with hacks, distractions […]
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Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27. Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27. In a press release on Dec. 9, the exchange said that the addition of options makes OKEx the “first crypto exchange to offer C2C, spot, […]
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South Korea’s government plans to tax capital gains returns on cryptocurrency transactions. The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the […]
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Thai police have busted an alleged Bitcoin scam trading scheme in Bangkok, arresting 24 Chinese nationals and seizing hardware. Thai immigration officials have arrested 24 Chinese nationals who were running an alleged cryptocurrency scam call center in the Rama III neighborhood of Bangkok. According to an official announcement on Dec. 2, the Immigration Bureau of […]
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