PBOC Provides Update on Its Crypto Prevention Efforts

The People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Also read: 160 Crypto Exchanges Seek … Read more

The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub

Following a decision to recognize mining as an industry, the Islamic Republic of Iran is about to legalize the import of mining equipment. Also in The Daily, an executive at a leading Spanish bank insists cryptocurrencies are “perfect” and must be understood; trying to better understand the crypto space, Cyprus has set up a fintech … Read more

Denmark’s Largest Bank Took Two Years to Close Accounts of Blacklisted Russian Clients

Denmark’s largest bank, Danske Bank, reportedly knew that some of its Estonian branch’s clients were on the Russian government’s blacklist but did not close their accounts for two years. The bank is currently being probed by three countries over $150 billion money laundering allegations. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more

Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, LXDX Targets Retail Investors

In recent news pertaining to cryptocurrency exchanges, Palestinians are reportedly turning to crypto brokers to facilitate cross-border transactions, XBT Provider has revealed plans to launch an exchange-traded product that will track between 5-10 cryptocurrencies, and LXDX has announced that it will make its platform available to retail investors. Also Read: P2P Markets Report: Record Volume in … Read more

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