Cryptocurrency Analysis and News Portal
According to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers within the country will no longer be able to handle any digital assets that present a high money laundering risk. These updates were made as part of the guidelines under the Special
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We all know it’s illegal to kidnap someone and ask for a ransom payment. But should it also be illegal for the victim to pay the ransom?Earlier this month the U.S. Treasury Department did just that. It notified the world that certain ransom payments are illegal, specifically those to sanctioned
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The U.K. Financial Conduct Authority’s decision to ban individual investors from speculating on bitcoin and other cryptocurrencies is likely to have a minimal impact, partly because the market is so small, according to analysts and industry executives who track the trading business.Some U.K.-based brokerages that had offered the crypto derivative
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This week the U.K.’s Financial Conduct Authority (FCA), which regulates the country’s financial services, issued a ban on the sale of crypto derivatives and ETNs to retail investors. While this may not seem particularly material to crypto asset markets overall – U.K. retail investors weren’t that much into crypto derivatives anyway,
Read MoreFollowing the definitive ban of cryptocurrency derivatives in the United Kingdom, cryptocurrency companies in the country shared their thoughts on the matter with Cryptox.Among the most affected is CoinShares, a U.K. company known for providing cryptocurrency exchange-traded notes, or ETNs. Unlike exchange-traded funds, ETNs do not necessarily own the underlying
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TikTok’s overwhelming popularity gained in a short time has no doubt caused a scare at Facebook.Banning the short-form video app would do more harm than good to the social media giant.U.S. tech giants with an international presence would likely be hurt too by such a ban.Chinese short-form video app TikTok
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The Dow Jones Industrial Average opened lower on Friday; the S&P 500 fluctuated after a positive start to the day.President Trump will announce Friday whether his administration would approve Oracle’s bid for TikTok’s U.S. operations.Despite Thursday’s sharp decline, U.S. equities are on track to snap a two-week losing streak.The Dow and
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International cryptocurrency giant Binance is not going to give up launching the Binance Card in Russia despite the upcoming ban on crypto payments.Binance, the world’s largest crypto exchange by daily trading volume, is working on the rollout of its crypto debit card in Russia, a senior executive told Cryptox on
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The Russian Ministry of Finance has drawn up a new draft bill that echoes a previous attempt to outlaw cryptocurrency use and, if passed, would have a major impact on the nation’s crypto miners. The document, sent by the ministry to other government branches for feedback, states that miners located in
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After last year’s announcement to allow political ads, Facebook will ban these ads shortly before the upcoming elections. FB stock price is falling.Facebook Inc (NASDAQ: FB) announced plans to ban political ads in the week before the U.S. presidential election. According to the announcement, some posts will be put down,
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