Cryptocurrency Analysis and News Portal
More blockchain companies set up shop in Hong Kong in 2019 than firms from any other fintech sub-sector, according to a report from the region’s Financial Services and the Treasury Bureau. Representing 39% of the 57 fintechs that InvestHK, the government-owned inward investment advocate, wooed last year, blockchain outgrew the wealth
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[sociallocker id="55298"] Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada.June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in June 2019 to address holes in the then-existing framework.Candian crypto firms
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The deadline is here: On May 18, unregistered Dutch crypto firms could face penalties if they do not fall into line with the Netherlands’ new anti-money laundering (AML) laws, passed by the Dutch Upper House on April 21.According to the Anti-Money Laundering Directive, companies offering crypto-to-fiat or custodial services should
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The Commodity and Futures Exchange Commission (CFTC) has charged executives of American and Israeli firms for an alleged $15 million scam involving cryptocurrencies and binary options. Court documents filed on May 5 mention two major scams, the first involving binary options, which was carried out between October 2013 and November 2016,
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The Netherlands’ central bank, De Nederlandsche Bank (DNB), has issued an ultimatum to all fiat-supporting cryptocurrency service providers to register with the institution by May 18.In a news release published on May 4, the DNB told companies that following the Dutch Senate’s vote in favor of an Implementation Act amending
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JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager. Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for digital assets, claimed that his firm almost lost a client due to the banks’ intervention.In an interview
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Aergo and Blocko, two blockchain firms backed by both Samsung and Sequoia Capital, announced the launch of a regional think-tank intended to bolster the adoption of innovative technologies across the Middle East, African, and South East Asian (MEASEA) regions on April 27.The organization, Execution Intelligence Group (E24P) seeks to promote
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A Chinese city in the world's bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season.Ya'an, one of the many cities in China's mountainous Sichuan province, a region that's estimated to account for over 50 percent of Bitcoin network's computing
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The World Bank has predicted that the global remittance industry will retract by 20% amid the global economic slow-down resulting from the coronavirus pandemic.With a plethora of crypto firms targeting the remittance sector, the news may comprise a poor omen for many blockchain firms seeking to gain a foothold in
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The governor’s office of Hawaii revealed its new ‘Digital Currency Innovation Lab’ on March 17 — a blockchain and cryptocurrency incubator developed through collaboration between the state’s Department of Commerce and Consumer Affairs, Division of Financial Institution (DFI), and the Hawaii Technology Development Corporation (HTDC).The initiative will run for
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