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Bank of Finland Initiates Development of Finnish Instant Payment Solution Aligned with European Standards
19.10.2023
The Bank of Finland (BOF) has taken the lead in spearheading the development of a Finnish instant payment solution that aligns with European standards.
During this year's fifth Euro and economy publication event on October 19, Tuomas Välimäki, a member of the Governing Council of the European...
Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms
19.10.2023
New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...
European Regulator Clarifies MiCA Timeline — Warns No Such Thing as Safe Crypto Asset
19.10.2023
The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware of, particularly before MiCA is fully implemented....
EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon
18.10.2023
European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities.
On October 17, the EU adopted the Eighth Directive on Administrative Cooperation (DAC8), which is set to go into force in 2024....
Bitcoin Financial Services Firm Unchained Looks to Attract Wealthy Clients With New Advisory Service
18.10.2023
The service will offer a network of "bitcoin-competent" financial planners to help HNWIs build distribution and utilization strategies and address potential tax and inheritance issues, Unchained said
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
18.10.2023
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore...
XRP Joins Roblox Payment System as Ripple Continues Post-SEC Expansion
17.10.2023
Ripple announced a new partnership with Roblox today, allowing the leading gaming platform to accept XRP as a form of payment. The partnership marks another important development in Ripple's ongoing business growth strategy since its legal victory over the U.S. Securities and Exchange Commission...
Australia Government Wants Crypto Exchanges to Possess a Financial Services License
17.10.2023
Australia-based crypto exchanges may soon be required to hold a financial services license issued by the Australian Securities and Investments Commission. The Australian government expects to have the draft legislation ready in 2024. According to the proposals, crypto exchanges will be given...
Roblox integrates XRP as payment method
17.10.2023
Xsolla and BitPay now support Ripple’s digital currency for in-game purchases
Crypto payment option for Honda cars only works via third-party platform
16.10.2023
FCF Pay’s X account has been suspended amid circulating misreporting about its “partnership” with Honda, which has never happened
Crypto exchanges to fall under TradFi licensing — Australian Treasury proposal
16.10.2023
The Australian treasury's newly-released consultation paper will require to crypto exchanges to apply for financial services licence from the local financial regulator
Ferrari Starts Accepting Crypto Payments for Luxury Sports Cars
15.10.2023
Ferrari has reportedly begun accepting payment in cryptocurrency. The Italian luxury sports car manufacturer cited requests from both the market and dealers as the primary motivation for this decision. “This will help us connect to people who are not necessarily our clients but might afford...
Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers
13.10.2023
On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barred from utilizing Thorswap, while the decentralized exchange (dex)...
U.S. House Speaker Drama Could Threaten to Unravel Crypto's 2023 Chances
13.10.2023
Republicans in the U.S. House of Representatives are sprinting toward the worst case scenario in their scramble for a new speaker of the House, and their infighting could worsen the prospects for crypto legislation this year
River Report: Bitcoin’s Lightning Network Grew by 1,212% in 2 Years
13.10.2023
A recent report published by River, a Bitcoin technology and financial services company, has revealed that the Lightning Network, a scaling layer for Bitcoin, has grown by 1,212% in two years. River’s estimation comes from examining operators of nodes comprising 52% of the public capacity...
Chinese IT Giant Tencent Launches Digital Yuan Smart Contract Services
13.10.2023
The Chinese tech titan Tencent, the WeChat operator, will launch a digital yuan smart contract offering for small and medium-sized enterprises (SMEs).
The move comes weeks after the firm announced it would join a central bank-led e-CNY and global CBDC interoperability pilot.
Per the Securities...
BitVM’s goal is to scale Bitcoin, not be a pseudo-Ethereum, says dev
13.10.2023
Building a decentralized exchange on Bitcoin would be a “step backward,” for example, said Bitcoin developer Super Testnet
Indonesia to conduct blockchain trials for public services
12.10.2023
Tuhu Nugraha, who works with the Indonesian government, said that the country will soon conduct trials on applying blockchain technology in public service use cases
Crypto Bills May Depend on U.S. House GOP Battle Over Scalise Speaker Pick
11.10.2023
The U.S. House of Representatives won’t get back to work on crypto legislation if Republicans can’t unify behind majority choice Steve Scalise – or some alternative – after the party’s ousting of Speaker of the House Kevin McCarthy (R-Calif.) derailed the congressional agenda
ImmutableX Price Prediction as Amazon Web Services Adds Platform to List of Partners – Can IMX Reach $100?
11.10.2023
The price of ImmutableX (IMX) has dropped by 2.5% in the past 24 hours, despite Immutable announcing yesterday that it had joined Amazon's ISV Accelerate Program.
At $0.517790, IMX is down by 9% in a week, yet the altcoin remains up by 4% in the past month and by 34% since the beginning of...