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Indian IT Giant Tech Mahindra to Use Samsung’s Nexledger Blockchain: Local Media

Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14.SDS, the systems integration arm of Korean tech behemoth Samsung, allegedly plans to expand the use of its Nexledger blockchain platform

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Smart Dubai Endorses Blockchain Platform From Major Local Telecoms Operator

The blockchain platform built by one of the United Arab Emirates’ (UAE) two telecoms operators has received an official endorsement from the government as part of the country’s blockchain integration, executives confirmed in a press release on April 3.Du, formerly known officially as Emirates Integrated Telecommunications Company, created its

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US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market

An official at South Korea’s sole securities exchange operator, the Korea Exchange (KRX), says the bourse is closely eyeing developments from United States regulators in regard to Bitcoin (BTC) exchange-traded funds (ETFs). The official, reportedly speaking on condition of anonymity, was cited by local English-language daily The Korea Herald on

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Brazilian Bank Bradesco Closes Accounts of Local Crypto Exchange and Owners

One of the largest Brazilian banks, Bradesco, has notified crypto exchange Bitblue that its banking accounts will be closed late February, local crypto outlet Portal do Bitcoin reported on Feb. 13.As the outlet has learned from unnamed industry insiders, Bitblue will face the closure of its accounts in Bradesco on

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South Korea’s Largest Telecom Company to Develop Local Crypto: Report

South Korea’s leading telecommunications company, KT Corporation, has been selected to develop a local cryptocurrency in the South Korean city of Gimpo, local media outlet ZDNet Korea reports on Feb. 14.The crypto — dubbed “K token” — will reportedly be introduced in April, after a pilot project is carried out

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Turkish Police Arrest 24 Suspects Involved in Hacking Crypto Firm, Local Media Reports

Turkish police have arrested 24 people allegedly involved in a 13 million Turkish lira ($2.47 million) hack from an unnamed crypto firm in Istanbul, local government-backed media Daily Sabah reported on Feb. 12.Following a report of an alleged hack from a crypto-related company in Istanbul, the city police’s Cybercrime Department

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Venezuela Imposes Fees and Limits on Local Crypto Remittances

The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, Gaceta Oficial.According to the document, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) will now be responsible for taxation related to the

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Bank of Spain Warns Citizens Against Crypto Given Lack of Local Regulations

Spain’s central bank has issued a reminder to citizens warning of the risks involved in transacting unregulated cryptocurrencies. The Bank of Spain’s notice, issued Feb. 10, followed an official blog post published two days earlier, which had outlined the institution’s stance on cryptocurrencies, their characteristics, and their legal status in

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Malta’s Regulatory Framework Attracts Crypto Players, but Int’l Watchdogs and Local Opposition Are Skeptical

Last week, the International Monetary Fund (IMF) claimed that the growth of blockchain in Malta has created major risks of money laundering and terrorism financing in the island’s economy, as per the local media.Malta is renowned for its crypto-friendly politics, whose efforts in the field have earned it the moniker

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Singapore’s Monetary Authority Halts Local STO Due to Regulatory Violations

The Monetary Authority of Singapore (MAS) has prevented a local initial coin offering (ICO) from launching a security token offering (STO) in the country. The development was detailed in an announcement published Thursday, Jan. 24.Under the current rules, all STOs have to comply with Singapore’s securities laws and are obliged

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