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Localbitcoins Updates ToS: ‘Some Situations May Require ID’

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Just recently news.Bitcoin.com reported on traders who exchanged “significant” trade volume using the peer-to-peer platform, Localbitcoins, by receiving warnings to upload their identity before they could proceed trading. Now the Localbitcoins organization has updated its terms of service agreement which comes with a few new guidelines concerning ID verification and data retention. Also read: Markets Update: Cryptocurrencies … Read more

Malta’s Cabinet Approves Cryptocurrency Bill

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The Cabinet of Malta has approved three bills related to cryptocurrency and blockchain technology. One bill in particular, the Virtual Financial Assets Bill, provides a regulatory framework for cryptocurrencies and initial coin offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Bill Approved by Cabinet The Cabinet of Malta approved three bills on … Read more

Survey: 89% of Visa, Mastercard, Unionpay Users Know Crypto – 53% Have Purchased

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A global study of cryptocurrency purchases made by users of Visa, Mastercard, and Unionpay cards shows that 89% of respondents are knowledgeable about crypto and 53% have purchased some in the past 12 months. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space A Global Study Global payment service provider Worldcore reportedly conducted a study … Read more

Europe Introduces Customer Verification on Cryptocurrency Exchanges

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The European Parliament has voted in favor of stricter regulations in the crypto sector. Crypto exchanges and wallet providers will be required to introduce customer due diligence procedures, including identity verification. The platforms will have to apply for registration in order to offer their services. The new measures come with the latest update of the … Read more