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Some Central Bankers Show Interest in Bitcoin; Inflation Fears Mount


A survey of 30 central banks brought somewhat surprising results as some bankers showed signs of openness to cryptoassets such as bitcoin (BTC). Also, central bankers are becoming more concerned about inflation. First, 14% of the respondents said that central bank digital currencies (CBDCs) would...

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...

Ukraine’s Monobank to Allow Customers to Trade Bitcoin


Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies and stocks. One of the offerings includes a bitcoin card which the online banking platform is going to launch as early as this month. Monobank to Offer Users Bitcoin...

Bitcoin and Ethereum Inch Higher, BNB Outperforms


Bitcoin price remained well bid above the USD 33,200 and USD 33,500 support levels. BTC seems to be forming a base and it could aim for a larger increase above USD 35,000. It is currently (04:34 UTC) stuck in a range, with key hurdles near USD 35,000 and USD 35,500. Also, most major altcoins...

Crypto Exchange Binance Suspends Euro Deposits via SEPA Bank Transfers


Troubles at cryptocurrency exchange Binance continue as the platform is now reportedly suspending euro deposits via SEPA bank transfers. Binance says the suspension is temporary and it is due to events beyond its control. Binance’s Troubles Extend to SEPA Transfers Binance users reported...

Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor


Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver...

Despite the Crackdown, Crypto Fraudsters Still Run Amok in China


Against all odds, crypto fraud is reportedly on the rise in China, where a massive crackdown on mining, trading and crypto brokerage services appears to have failed to deter those hoping to get rich quick from crypto-themed schemes. Per the 21st Century Business Herald, a woman this month fell...

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