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Turkish Draft Law Regulating Cryptocurrencies Enters Parliament in October


The Turkish government has prepared a bill designed to implement new regulations for the country’s crypto space. The legislation, which will be filed in the parliament this fall, will introduce taxation for crypto holdings and specific capital requirements for companies operating with digital...

EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest


The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money...

Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy


The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements


All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law...

US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid Testing


Progressive Care, a company that operates a chain of pharmacies in the United States, has announced it’s now accepting cryptocurrency for its Covid-19 rapid testing services. Customers are welcome to pay with bitcoin for the quick tests offered at its Pharmcorx locations using a dedicated...

Dutch Central Bank Revokes Strict Verification Rules for Crypto Exchanges


The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court....

Elon Musk Doubles Down on Dogecoin, Tweets About Ideal Improvements


Elon Musk, CEO of Tesla and Spacex, has doubled down on its bet that dogecoin can become a currency able to address Tesla’s new set of environmental requirements. The entrepreneur has tweeted he is now working with Dogecoin developers to improve the currency, hoping it can evolve to be more...

Indian Government Now Requires Companies to Disclose Cryptocurrency Holdings


The Indian government has introduced new cryptocurrency disclosure rules. Companies dealing in cryptocurrencies will have to disclose their crypto holdings, among other disclosures, as part of their financial statements beginning April 1. New Crypto Disclosure Requirements The Indian Ministry...

How to Favicon in 2021


I always appreciate someone looking into and re-evaluating the best practices of something that literally every website needs and has a complex set of requirements. Andrey Sitnik has done that here with favicons. The final suggestion: <link rel="icon" href="/favicon.ico" … The post...

Dutch Bitcoin Exchange Takes Central Bank’s KYC Requirements To Court


Dutch bitcoin (BTC) exchange Bitonic has filed for a preliminary injunction at a Rotterdam court in a bid to suspend a wallet verification rule enacted by the De Nederlandsche Bank (DNB), the country’s central bank. The platform said its decision is motivated by the fact that the imposed know your...

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