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Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses
2.11.2020
The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted
Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper
24.10.2020
A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply...
Bitcoin Businesses on the Mend: Report Shows 57% of Crypto Execs Expect the Industry to Accelerate, Companies Are Hiring
23.10.2020
Digital Currency Group (DCG) recently published the firm’s “State of Crypto 2020” report which polls more than 150 portfolio crypto companies. According to the study, 75% of the respondents believe the value of their business has grown this year, while 50% of the startups have...
The need for a dialogue between crypto businesses and regulators
3.10.2020
Regulators and service providers are collaborating as never before to address systemic vulnerabilities of the crypto industry
Four Merchants Revealed How Bitcoin Payments Helped Their Businesses
30.9.2020
While it does not represent the whole industry, a recent survey of four merchants that accept bitcoin (BTC) and other cryptocurrencies offers some insights on how this nascent payment method might help business.
After major crypto payments company BitPay introduced four of its undisclosed clients...
The MicroStrategy Effect? This Firm Is Helping Businesses Save in Bitcoin
21.9.2020
Bitcoin financial services firm Unchained Capital has released an “advanced business account” specifically targeting firms that want to hold BTC
49 US States Unveil Unified Regulation for Cryptocurrency Firms
16.9.2020
The Conference of State Bank Supervisors, representing regulators from all U.S. states and territories, has launched a new regulatory framework for payments and cryptocurrency companies. One Set of Rules for All US States Regulators in 49 U.S. states have agreed to a single set of supervisory rules...
Bans and brands: What centralization does to businesses
13.9.2020
As it stands, the current commercial and political landscape presents a perfect storm to herald the rise of decentralized alternatives
SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency
10.9.2020
A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds...
Bitcoin Will Be Accepted for Tax Payments in Swiss Canton Zug Next Year
4.9.2020
Bitcoin and ether can be used to pay taxes in the Swiss Canton of Zug starting next tax season. Zug’s crypto valley is home to many cryptocurrency businesses, and by accepting bitcoin and ether for tax payments, the canton aims to “promote and simplify the use of cryptocurrencies...
3 Australian Businesses Tap Chainalysis to Monitor Risky Cryptocurrency Activity
25.8.2020
Several Australian companies have turned to Chainalysis products in a bid to improve their regulatory compliance and reduce risks for users
Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US
21.8.2020
Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential...
People Are Already Building Businesses Around Cardano’s Staking Functionality
12.8.2020
Sounds like Cardano is already contributing to the gig economy
Thailand Has Now Licensed 13 Cryptocurrency Service Providers
28.7.2020
Thailand has been growing the number of licensed cryptocurrency service providers. The Thai regulators have now approved 13 crypto businesses to legally operate in the country, including cryptocurrency exchanges, brokers, and dealers. The Royal Decree on the Digital Asset Businesses B.E. 2561...
Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Crypto Ads
20.7.2020
Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion. The plaintiffs say that their businesses have been hurt by Google, Facebook, and Twitter banning crypto ads on their platforms. Google...
Thai Central Bank Says Big Businesses Are Already Using its CBDC
17.7.2020
Another country has moved a step closer to issuing a central bank digital currency (CBDC), with Thailand’s central bank stating that it is “already using” its token “for financial transactions with some big businesses.”
Per Nation Thailand, the Vachira Arromdee, assistant governor of the Bank...
Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”
17.7.2020
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying...
Swiss Government Makes Moves to Encourage Crypto Businesses
1.7.2020
The Swiss government is making key legislative changes to financial laws to improve legal conditions for blockchain businesses
US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value
27.6.2020
The U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their...
Australians Can Now Pay for Bitcoin at 3,500 Australia Post Offices
25.6.2020
Australian residents can now pay for bitcoin at more than 3,500 national post offices. The new service launched by Bitcoin.com.au is aimed at promoting cryptocurrencies to mainstream audiences, alongside established businesses and organizations. On June 24, 2020, the firm Bitcoin.com.au announced...