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Janet Yellen Defends Tax Compliance Agenda — 3 State Treasurers Promise Not to Comply
6.10.2021
The 78th United States secretary of the treasury, Janet Yellen, is very concerned about tax evasion, according to statements she made during an interview with CNBC’s “Squawk Box” that aired on October 5. Yellen claims there’s an “enormous tax gap” and...
Deposits on ‘Big Four’ South Korean Exchanges up 1,368%
5.10.2021
"https://cryptonews.com/news/s-korean-mp-bids-to-prevent-crypto-crisis-while-kimchi-premi-11218.htm">kimchi premium traders making “illegal transactions.”Upbit, the market-leading exchange, and Korbit, the first trading platform in the nation appear to have received their permits within h
More Crypto Regulation May Be on its Way in South Korea, Japan
29.9.2021
strengthen the monitoring of crypto exchanges” to ensure that they return customer deposits in a timely manner and follow other regulatory protocols.Koh was speaking to reporters after meeting with the heads of eight policy and financial institutions at Seoul, where he discussed crypto a
Binance blocks fiat deposits and spot crypto trading for Singapore users
27.9.2021
The crypto exchange giant has announced further restrictions to its operations in Singapore amid regulatory scrutiny
Bank Forex Deposits Rise by SH2.6 Billion in July
23.9.2021
The Kenyans’ foreign money deposits in the local banks fell by about Sh2.6 billion in the month of July. This indicates an increase in consumption by the importers, who increased holdings belonging to them in June. According to Kenya National Bureau of Statistics (KNBS) statistics, value...
PayPal releases new consumer app for crypto, savings and direct deposits
21.9.2021
The app offers customers the ability to manage all PayPal-related transactions from a single dashboard
Luno to Reinstate Deposit and Withdrawal Function for Nigerian Clients — Denies User Speculation
18.9.2021
One of the African continent’s leading cryptocurrency exchanges, Luno, has told its Nigerian users that it is “in the process of reinstating deposit and withdrawal functions on our platform.” According to an email that was sent to Nigerian users, this reinstatement is expected...
IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600
16.9.2021
On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across...
ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow
6.9.2021
The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence. Ethereum 2.0 Contract Nears $30 Billion In...
Crypto Exchange Liquid Hacked, Loses Millions in Various Currencies
19.8.2021
Japanese cryptocurrency exchange Liquid is suspending deposits and withdrawals after a security breach resulting in the loss of around an estimated $80 million in digital assets. The platform published the suspected hacker’s addresses and said it’s moving funds to cold storage. Hacker...
Ethereum Arrives to London, Price Jumps, Exchanges Pause Deposits/Withdrawals
5.8.2021
The highly-anticipated Ethereum (ETH) London upgrade is here, bringing with it the revamp of the network's monetary system through the Ethereum Improvement Proposal, or EIP, 1559.
The price of the second cryptoasset by market capitalization has been rising in the past week ahead of this upgrade...
DeversiFi Introduces Quick Deposits and Withdrawals
4.8.2021
The crypto industry’s eminent Ethereum (ETH) curated decentralized platform ‘DeversiFi’ recently declared that its localized ETH trading platform would introduce an immediate link for withdrawals. This warrant will render a two-dimensional figure value for stablecoins along with the Polygon...
Crypto Exchange Binance Suspends Euro Deposits via SEPA Bank Transfers
7.7.2021
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...
Crypto.com taps Circle for global dollar deposits
29.6.2021
Crypto.com and Circle's partnership enabled U.S. dollar deposits and receiving USDC for users in more than 30 countries
Crypto.com Launches Worldwide USD Deposits With Circle
29.6.2021
The renowned cryptocurrency exchange forum Crypto.com has entered into a partnership agreement with Circle, an international Fintech corporation, to allow deposits in USD at Crypto.com. Crypto.com has a client base that exceeds ten million, and it supports more than a hundred cryptocurrencies...
Chinese Banks Received $1t in Forex Deposits in May
25.6.2021
According to the People’s Bank of China’s announcement, foreign exchange deposits in China have crossed the $1 trillion mark for the first time. Economists believe that this will give the Chinese government a lot more freedom to allow the outflow of capital from the country. A major reason for this...
Danske Bank Takes Position on Cryptocurrencies, Will Not Interfere With Crypto Trading
19.6.2021
Danske Bank will not block credit cards used in crypto trading, according to its newly announced position on cryptocurrencies. The Danish bank would also accept deposits related to crypto investments, although it follows a cautious approach towards decentralized digital assets. Denmark’s...
Digital euro could drain 8% of bank deposits, Morgan Stanley says
16.6.2021
Banks in smaller countries like Latvia, Estonia and Greece could be impacted harder by the digital euro, analysts said
Miami real estate firm accepts crypto deposits for condos after conference
15.6.2021
Driven by momentum from the Miami Bitcoin event, luxury condo development E11EVEN Hotel and Residences has already secured its first crypto deposit
Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’
13.6.2021
The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.S. embargo creates for the national bank system.” Cuba Bans USD Deposits, BCC Tells...