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Nalezeno "Financial": 5154

Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals

2.9.2021
Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume...

IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks

2.9.2021
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan....

UK Students Turn To Crypto Investments Amid Financial Woes

2.9.2021
A rising number of UK students are turning to investing in cryptocurrencies to finance their living costs. Since last year, the share of students who make money from crypto has tripled from 2% to 6%, according to a recent survey by British financial advice website Save the Student. The National...

AOC, Pressley, Tlaib ‘Urge’ Biden to Replace Fed Chair With Someone Willing to Address ‘Climate Change’

1.9.2021
All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate...

Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance

1.9.2021
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers...

Seychelles Law Enforcement Receives Request to Probe Transfer of 230K Onecoin Bitcoins

1.9.2021
The Seychelles Police Financial Crime Investigation Unit (FCIU) recently confirmed receiving a request for an investigation into several transactions linked to the transfer of 230,000 bitcoins. The cryptocurrency is said to be associated with pyramid scam Onecoin. Onecoin Loot in Dubai Besides...

Central Bank of Nigeria Selects Barbados-Based Fintech Firm as Technical Partner for CBDC Project

1.9.2021
The Central Bank of Nigeria (CBN) has named the fintech firm Bitt Inc. as a technical partner for its digital currency project, the e-naira. As a technical partner, Bitt is expected to use its “technological competence and implementation experience” to help the CBN successfully launch...

New NY Gov. taps former Obama official to head state's financial regulator

31.8.2021
Adrienne Harris said she aims "to ensure we have a robust and fair financial system, and an equitable economy" in her role at the NYDFS

Slovenia Prepares to Impose 10% Tax on Spending and Selling Cryptocurrency

31.8.2021
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify...

Blockchain.com CFO Says Company Could IPO in ’18-Months,’ Firm’s Balance Sheet Holds BTC, ETH

31.8.2021
This week Blockchain.com CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions and the company may go public with an initial public offering (IPO) in 2023. The cryptocurrency firm is one of the oldest in the industry and Kgil explained that 76 million...

Singapore central bank shortlists 15 companies to develop retail CBDC

30.8.2021
The 15 finalists will be mentored by the MAS and “be given access to the APIX Digital Currency Sandbox for rapid prototyping of digital currency solutions.”

Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet

30.8.2021
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics...

Crypto can alleviate the financial fallout for people in Afghanistan

29.8.2021
As the political system collapses, so too does the financial one. Thus, more and more Afghan citizens will turn to crypto

Afghanistan’s Economic Crisis: ‘No One Has Money’ Says Afghani Banker After US Seized Central Bank’s Assets

28.8.2021
The troubles in Afghanistan rage on after the U.S. government spent 20 years and trillions of dollars on a conflict that was never resolved. The U.S. government, Federal Reserve, and allied partners have seized the central bank of Afghanistan’s assets and as time passes, the country’s...

Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset

26.8.2021
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international...

Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Financial Products

26.8.2021
Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1. Tezos to Enable Smart Contracts for European Banks ...

UK Regulator FCA Says Crypto Exchange Binance Has Complied With Its June Requirements

26.8.2021
The U.K. financial regulator, the Financial Conduct Authority (FCA), has announced that cryptocurrency exchange Binance has complied with the requirements it imposed on the company in June. The FCA further clarified that while Binance is allowed to provide some investment services, it is...