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Germany Begins Closing Down All Unlicensed Bitcoin ATMs


Germany’s Federal Financial Supervisory Authority (BaFin), the country’s top financial regulator responsible for regulating crypto service providers, has begun actively closing down unauthorized bitcoin ATMs, a BaFin spokesperson has confirmed to news.Bitcoin.com. All Unauthorized...

South Korea’s Largest Bank Unveils Bitcoin Custody Services


KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with...

New York Regulator Fast-Tracks 10 Cryptocurrencies


The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission....

OKEx CEO Says Indian Crypto Ban 'Unlikely', Has 3 Scenarios in Mind


Major crypto exchange OKEx opened the doors of their new platform in India, amidst speculations that another crypto ban might be incoming. This scenario the exchange's CEO finds unlikely to happen, describing the platform's first day of trading as a "huge success." On August 5,...

Brief 12K, Many Exploits, Plenty ETH and 20 Crypto Jokes


This week, bitcoin hit USD 12,000 but fell right back in minutes. More bitcoin flash crashes are coming in this new bull market, a crypto investor warned, while Russian lawyers warned that e-pay laws may have knock-on effects for BTC. Meanwhile, XRP jumped upon seeing a strong demand from...

New Kenyan Digital Tax to Affect Crypto Platforms


Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track...

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