Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity. The lack of regulatory uncertainty in South Korea is causing major Korean cryptocurrency exchanges to lose international traders and turn their focus on the domestic audience. Speaking to Cointelegraph, a spokesperson of the South Korean exchange Upbit expressed his concern about […]
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Grayscale CEO Barry Silbert believes the United States is past the point where regulators have the support to ban crypto assets like Bitcoin. Barry Silbert, CEO of cryptocurrency investment firm Grayscale Investments and Digital Currency Group, believes the United States is past the point of no return for banning Bitcoin. In a Grayscale investor call […]
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Trulioo said improving compliance for AML and KYC can be a big differentiator for crypto companies. The ability to verify documents and comply with anti-money laundering (AML) and know-your-customer (KYC) requirements is now a differentiator for crypto firms, said identity verification provider Trulioo. Anatoly Kvitnitsky, Trulioo’s vice president for growth, told Cointelegraph that as crypto […]
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As 336 BTC get stolen from crypto-friendly bank Cashaa, there is still no clear explanation for what happened. On July 11, fraudsters hacked into digital payment platform Cashaa’s over-the-counter desk, which serves Indian customers, and stole 336 Bitcoin (BTC), worth approximately $3.1million. Although Cashaa stated that there have been no users affected by this hack, […]
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The NCIS has seen an uptick in darknet purchases using Bitcoin. Blockchain analytic firms discuss procedures to combat crypto-related crimes, along with emerging challenges. Seven years ago, agents from the United States Federal Bureau of Investigation busted into a San Francisco Public Library to arrest Ross Ulbricht, the mastermind behind the Silk Road. Launched in […]
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Five major Spanish banking institutions have completed a proof-of-concept for payments using smart contracts. Multinational banking giant Banco Santander and four Spanish banks have successfully finalized a proof-of-concept for payments using smart contracts. The PoC was coordinated with IberPay, the company that oversees the Spanish Payment System. Trial confirms blockchain’s feasibility for payments In a […]
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A former Chinese official says the development of a digital currency will lay the foundation for the birth of digital stocks. Xiao Gang, the former chair of the China Securities Regulatory Commission, says in his latest book on China capital market reforms that the development of a central bank digital currency (CBDC) will pave the […]
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The Islamic world seems primed for widespread digital asset adoption, as well-respected scholars claim that crypto trading is fully compatible with Sharia law. Even though in most western countries today, matters related to religion and money have been independent of one another. However, in Islam, especially those following the Shariah code of ethics, the two […]
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Major digital asset firm BitGo announces API support for the Financial Action Task Force’s travel rule. BitGo, one of the world’s largest Bitcoin (BTC) transaction processors, is integrating a new API into its crypto wallet service to support the Financial Action Task Force’s travel rule. BitGo told Cointelegraph on July 14 that the company is […]
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Coincheck joins Japan-based exchanges GMO Coin and BitFlyer in supporting trading for Brave’s Basic Attention Token starting on July 21. Japan-based cryptocurrency exchange Coincheck will soon offer support for BAT token holders. According to a July 13 announcement from the Monex Group — the owner of Coincheck since its acquisition in 2018 — the virtual […]
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