Central Bank Of Mexico Releases New Crypto Rules

The Bank of Mexico, which is also the central bank of Mexico, introduced a circular in the Official Gazette of the Federation on Friday elaborating crypto-related provisions for the regulation of financial technology institutions (ITFs). The CEO of Mexican crypto exchange Volabit, Tomas Alvarez explained that “A year ago a …

Massachusetts Turns Supportive Towards Crypto

Massachusetts has shown a hostile stance towards cryptocurrencies and blockchain technology in the past. In a surprising turn on events, the state has launched a fintech advisory group that intends to support blockchain startups. American Banker, the financial outlet was the first to report this development. The state’s top securities …

Crypto Holds Potential to Build a Strong Social Network: Winklevoss Twins

The emerging crypto industry with its distinctive features has lead to the formation of a strong community of active supporters. However, this community has seen many divisions taking place as new digital currencies keep stealing the spotlight from time to time. Nevertheless, the Gemini co-founders, Cameron, and Tyler Winklevoss believe …

Facebook’s Crypto Could Generate Billions: Barclays’ Analyst

Facebook’s cryptocurrency has the potential to generate $19 billion in additional revenue, if it’s launched, according to a CNBC report published on March 11. Ross Sandler, internet analyst of Barclays conveyed in a client note that a cryptocurrency could establish a new revenue stream for Facebook, improving its share price …

South Korea Introduces New Anti-Crime Crypto Measures

The South Korean Supreme Prosecutor Office (SPO) has taken serious measures to crack down on cryptocurrency based fraud and crimes in the country. This news was revealed by the Korean Broadcasting System (KBS) in a recent article. Based on the information provided in this article, there is a new task …

Texas Representative Looking to Ban Anonymous Crypto

Phil Stephenson, a Republican member that belongs to the Texas House of Representatives introduced a bill that mandates state residents to identify themselves if they plan on using cryptocurrencies. The bill is currently represented as “H.B. No. 4371” and it requires users to provide personal identification for the sending and …

OneCoin Leader Arrested Over Pyramid Scam

The leader of OneCoin, the cryptocurrency Ponzi scheme was arrested on 6th March 2019. The company, claims to have 3 million members worldwide, and has generated over €3.3 billion (about 3.7 billion USD) in fraudulent sales. It was later found out that OneCoin’s so called “cryptocurrency” did not even use …

ICO and Crypto Regulations Set to Improve in Japan

The Japan Cryptocurrency Business Association (JCBA) has started contributing new ideas to improve the regulatory status of cryptocurrencies and ICO in the country. The trade group expressed their desire to work towards “the sustainable development of cryptocurrency businesses” in Japan. The group which consists of crypto exchanges, banks, insurance companies, …

Crypto King Arrested Over AFP Crime Investigation

Sam Karagiozis, popularly known as the crypto king has been accused by the police for the possession on charges of possessing over 66 pounds (30 kg) of drugs and running an organizing crime syndicate. The crypto king revealed that he had lost about $3 million as a result of Bitcoin’s …

Top Crypto Exchange HitBTC Accused of Fraud

The developers of Bitcoin Private (BTCP) have accused HitBTC, the leading cryptocurrency exchange of Europe, of committing a fraud related to their delisting from the exchange following a coinburn. The accusations were conveyed in a letter issued on February 26 to the exchange by the Petros Law Group on behalf of …

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