“This shows once again how the traditional Swiss approach of having principle-based laws that give a lot of discretion to citizens and regulatory agencies are much more innovation-friendly than overly detailed European-style laws.”   Luzius Meisser Key Takeaways Traditional banks require $10 million in equity. Crypto banks can…
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Prominent South Korean bank KB Kookmin has set its sights on becoming a crypto custody provider joining the growing trend of financial institutions moving into the cryptocurrency custodial arena. The news comes at a time when the country’s government has issued new laws concerning virtual currencies with…
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As COVID-19, Coronavirus spreads havoc across Europe and the US, the central bank of Egypt is taking precautions. It has issued a statement limiting cash
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Russian self-regulatory body, the Association of Forex Dealers (AFD), has postponed its planned inspections of VTB Forex and FINAM Forex by a few months. Why the regulatory body take the move? In a meeting held on March 27, the participants decided that they will postpone the review…
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Egyptian citizens have been cashing out but the banking system can’t handle it. So they can’t have their money.
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Major Spanish bank Santander plans to roll out its Ripple-powered international payments system One Pay FX in Mexico in 2020. In Form 20-F submitted to the U.S. Securities and Exchange Commission on March 6, the bank revealed that Mexico would provide this service in early 2020. Santander…
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A pro-crypto video ripping the “unlimited” vaults of the Federal Reserve features Buterin on the vocals. But it’s not really him.
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The crypto community is lighting up with a viral tweet posted by crypto entrepreneur Jason A. Williams. The Morgan Creek Digital co-founder and partner points his 28,000 followers to a simple pizza comparison that highlights the sharp decline in oil prices against a backdrop of topsy-turvy markets,…
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TL;DR: Central Bank of Egypt Governor Tarek Amer explained recently, during an interview on the television program Sada El Balad, how due to 30 billion Egyptian pounds ($1.91 billion) being withdrawn over the past three weeks in the wake a global pandemic, cash controls were to be…
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Stocks and cryptocurrencies are up following a weekend slump, but could record unemployment do more damage to our already frail markets?
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