Korean banks push for blockchain adoption as former high-level officials join the space. In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up […]
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Mike Kayamori of Liquid told Cointelegraph how it came to agree with Gram Asia on their exclusive deal for the coming Gram public sale. It was a “natural” development. That is how Mike Kayamori, the CEO of Liquid described an exclusive deal with Gram Asia on public sales of Telegram Open Network (TON), a decentralized […]
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India is hit with its latest wave of speculations, as rumors of a full crypto ban emerge, yet remain unconfirmed by its reserve bank. Those who mine, trade or own cryptocurrency in India are currently on the edge of their seats, as rumors keep swirling around a draft regulation called the Banning Cryptocurrencies and Regulation […]
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A full guide to decentralized exchanges — how they work and differ from their centralized counterparts. Any dispute settlement process? The main issue when talking about regulation of DEXs is that, in most cases, such exchanges are not controlled by a specific legal entity or individual. Since DEXs are not required to follow regulations, this […]
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Binance blocks traders in 29 other countries from its DEX website but say affected users can utilize supported wallet apps or VPNs to bypass the restriction. At the start of June 2019, reports emerged that Binance DEX’s website was blocking users with IP addresses from 29 countries. This news immediately caused confusion with some commentators, […]
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On the eve of the G-20 Financial Ministers and Central Governors Meeting. One of the main themes to be discussed at the G-20 Financial Ministers and Central Governors Meeting this weekend has to do with money laundering and cryptocurrency. What kind of agreement would be a surprise? Even for the purpose of introducing Anti-Money Laundering […]
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Consultancy firm McKinsey & Co. has argued that blockchain is gaining slower traction with retail banks “Big Three” management consultancy firm McKinsey & Company has argued that blockchain technology is gaining slower traction with retail banks due to regulatory hurdles and a conservative consumer environment. The news was reported by Bloomberg on June 7. McKinsey […]
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Peer-to-peer bitcoin trading platform LocalBitcoins removes in-person cash deals — what does that mean for the future of cash trades? On June 1, Finnish peer-to-peer (p2p) bitcoin (BTC) trading platform LocalBitcoins quietly removed in-person cash trading from its service. Three days later, the company publicly confirmed the ban on Twitter. As per the accompanying statement, […]
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How OTC trading conquers the crypto world and why its volumes are drastically different from those of crypto exchanges. Here is everything you want to know. How are these issues solved? As the OTC market evolves, companies are working on building trusted custodial solutions and risk management systems. The OTC market is expected to continue […]
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As executives keep quiet on the move, a competitor suspended fees for cash meetups, accusing LocalBitcoins of participating in the “war on cash.” Finnish P2P bitcoin (BTC) trading platform LocalBitcoins has kept silent after users reported it had removed cash trading from its service on June 1. LocalBitcoins, which allows users to trade BTC for […]
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