The Only Regulated Bitcoin Exchange in Germany Will Become A Bank in 2019

The operator of Germany’s only regulated cryptocurrency exchange has confirmed it will de facto become a bank after securing a 100 percent takeover of Tremmel Wertpapierhandelsbank. Bitcoin.de Buys Tremmel Wertpapierhandelsbank Bitcoin Group SE, which operates Bitcoin.de, will be able to offer a raft of services connected with cryptocurrency thanks to a banking license once the […]

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Swiss Regulator: Crypto Assets Need 800% Risk Weighting In Absence Of Formal Rules

Swiss financial regulator has informally signaled cryptocurrency investments should have a risk weighting ratio of 800 percent of the original amount. FINMA Highlights Bank, Dealer Queries According to local news media outlet Swissinfo, the Swiss Financial Market Supervisory Authority (FINMA) revealed the figure in October in response to a query by trustee and accountant association […]

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Did American Express Get Caught Spreading ‘Anti-Crypto Propaganda’?

US multinational financial services corporation American Express (AMEX) has appeared to join the traditional finance entities publicly criticizing cryptocurrency. Energy Usage: Fact Or FUD? As social media users noted October 15, the company recently “promoted” a post by Bloomberg’s TicToc Twitter-based news portal which claimed the cryptocurrency industry “is using more energy than all the […]

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Bitfinex Reopens Deposits but Stays Silent About Bank Arrangements

Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships. ‘New, Improved And Increasingly Resilient’ In a blog post, the exchange, which on Thursday began restricting deposits for certain users, said it had finished implementing what it described as “a new, […]

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South Korea: Trading Volume Soars as Bithumb Reopens to New Customers

Major South Korean cryptocurrency exchange Bithumb has announced it will resume accepting new user accounts after resolving a dispute with its banking partner. Month-Long Impasse Ends As local news media outlet Yonhap reports August 29, Bithumb has come to an agreement with Nonghyup Bank, which in July stopped serving it, reportedly due to the exchange’s […]

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India’s Supreme Court to Issue Final Ruling on RBI Cryptocurrency Ban in September

The Indian Supreme Court has adjourned its hearing of the petition against the Reserve Bank of India (RBI) ban on banks facilitating cryptocurrency transactions. The apex court will deliver its final judgment on the matter on September 11, 2018. Hearing Adjourned till September 11 Indian cryptocurrency traders still have a fair bit of waiting to […]

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‘Digital Currency Is Basically A Fallacy’ Says Finland Central Bank

The Bank of Finland (BoF) has released a 133-page paper arguing the concept of digital currency is an “illusion.” BoF: ‘Fundamental Nature’ Of Digital Currency ‘Elusive’ BoF head of digitalization Aleksi Grym The document, compiled by the Finnish central bank’s head of digitalization Aleksi Grym, claims the world has become “muddled” about the difference between […]

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Goldman Sachs Will Trade Bitcoin, Bitcoin Futures Coming ‘Within Weeks’

Wilma Woo · May 3, 2018 · 11:00 am Wall Street investment bank Goldman Sachs has appeared to confirm it will offer Bitcoin trading. Goldman Exec: Bitcoin ‘Is Not A Fraud’ Speaking to the New York Times May 2, Goldman executive Rana Yared said that after being “inundated” by client requests, the bank had decided […]

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China’s State ‘Cryptocurrency’ to Feature Negative Interest Rates

Adam James · April 9, 2018 · 1:00 pm Over the weekend, signs of positive sentiment have entered the cryptocurrency market, with Bitcoin potentially having found its footing and many altcoins surging with confidence. However, news out of China is aiming to rain on the parade — as the People’s Bank of China looks to […]

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Coinbase To Congress: We Don’t Need More US Cryptocurrency Regulators

Wilma Woo · March 15, 2018 · 10:00 am Coinbase has told the US that regulators “already have sufficient authority” over cryptocurrency as the exchange and wallet provider passes 20 million users. Coinbase Aims For ‘Effectiveness’ At Congress Speaking at the increasingly notorious Congress hearing on cryptocurrency March 14, during which one senator appeared to […]

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