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Lay attorneys are puzzled by Nordea’s BTC ban: “They are within their rights, but to prohibit every single employee from trading cryptocurrencies […] seems weird.”
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The Red Cross societies of Norway, Denmark and Kenya have launched a blockchain-based currency plan to enhance aid delivery and foster local economies
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In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and balance […]
The post Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin appeared first on Bitcoin News.
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Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver, […]
The post Initiative to Curtail Negative Interest Rates Gains Traction in Germany appeared first on Bitcoin News.
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Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlike cryptocurrencies lately, leads to […]
The post Major Swedish Bank Orders Negative Interest Rate on Euro Deposits appeared first on Bitcoin News.
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Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this could lead to withdrawal of large amounts […]
The post Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies appeared first on Bitcoin News.
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With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP). The relatively recent experiments with NIRP […]
The post Owning Fiat Just Got More Expensive – NIRP Strikes Again appeared first on Bitcoin News.
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The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently. New chapters have been added to the saga over the last […]
The post Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks appeared first on Bitcoin News.
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Last week Danish authorities seized three Ferraris belonging to a large Copenhagen-based business allegedly seeking to avoid VAT. With the largest bank in Denmark—Danske Bank—also being embroiled in a tax avoidance scandal last year, it seems timely to explore the common libertarian and voluntaryist idea of taxation as theft. With money and valuable assets like […]
The post Who Are the Real Thieves? Danish Authorities Seize 3 Ferraris in Tax Evasion Crackdown appeared first on Bitcoin News.
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Over the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter.’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit. Also read: Bitcoin Cash Protocol Successfully […]
The post Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs appeared first on Bitcoin News.
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