Financial services firm DBS announced in a press release Thursday (Dec. 10) that it is launching a “members-only” digital exchange for integrated digital asset tokenization, trading and holding. Institutional and accredited investors will be able to use the DBS Digital Exchange to list and trade...
Gangs in Latin America are increasingly turning to cryptocurrency to operate illegal trades of drugs, guns, sex and people, Reuters reported. “Both Mexican and Colombian [transnational criminal organizations (TCOs)] are increasing their use of virtual currency because of the anonymity and speed of transactions,” Michael...
Cryptocurrency platform startup Circle has overhauled its network to advance mainstream trading, while its stablecoin USDC has surpassed three billion in circulation, growing by nearly 500 percent in 2020. “At the core of Circle’s latest platform upgrade is a new digital currency-native treasury account infrastructure,...
France could propose stricter regulations on cryptocurrency firms, according to The Block. Simon Polrot, president of French crypto association ADAN, told The Block that the country’s Finance Ministry is planning to require full know-your-customer (KYC) measures for all crypto transactions, regardless of the size of...
Bill Winters, CEO of Standard Chartered, said he sees the adoption of digital currencies on a widespread scale as inevitable, CNBC reported. Winters, speaking at the Singapore FinTech Festival, said there would likely be room for both state-backed digital currencies as well as privately-owned ones,...
India’s income tax authority is considering taxing profits made on bitcoin investments, CoinDesk reported, citing The Economic Times. The tax department has been tracking those who are making money during bitcoin’s price rally and could soon announce a tax of up to 30 percent, according...
New U.S. regulations for bitcoin and other cryptocurrencies are being developed and will be rolled out within six to eight weeks, Brian Brooks, acting comptroller of the currency, told CNBC on Friday (Dec. 4). “We’re very focused on getting this right. We’re very focused on not killing...
About 10,000 Cubans have turned to bitcoin and altcoins, including ethereum and dogecoin, to skirt around U.S. sanctions, according to a report from Deutsche Welle’s Spanish-language service, reported CryptoNews. Cubans overseas use BitRemesas, a crypto exchange, to essentially transfer money to family in Cuba through...
Australia’s largest cryptocurrency exchange, BTC Markets, revealed in a series of tweets that it had mistakenly revealed its client names and email addresses in an announcement from the company. While the company sends test emails before issuing an announcement, in testing this email, it did...
