Customers of Slovenia’s Bitstamp exchange are being forced to jump through hoops to meet an unprecedented level of compliance. A widely circulated image, purporting to reveal Bitstamp’s enhanced KYC procedure, has been attracting a lot of attention. The document requests screenshots of other cryptocurrency exchange profiles, bank account statements showing fiat deposits to third party […]
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Headlines roared late last night in the western hemisphere, morning in the east, as mainstream media outlets breathlessly ran with an initial report from a legacy wire service: the Republic of South Korea is to ban cryptocurrency. The truth is more subtle, and it’s fast becoming an object lesson in fear, uncertainty, and doubt (FUD). […]
One day after Venezuela’s oil-backed cryptocurrency was declared illegal, the government of president Nicolas Maduro announced plans to pre-mine the petro. The new currency is expected to launch in six weeks. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Petro Mining Restricted to Government The Venezuelan Superintendent of […]
On January 9, Adam White, the general manager of the GDAX exchange, a subsidiary of Coinbase, gave his “retrospective” on the recent and controversial bitcoin cash (BCH) launch on the platform. White details that despite the company’s best efforts things didn’t go as planned, and the executive gives a transparent timeline of events. Also read: […]
According to multiple reports this week the decentralized currency bitcoin is still booming in many African countries. From South Africa to the Sub-Saharan region, citizens from all walks of life are finding bitcoin beneficial. This is making domestic cryptocurrency exchanges and peer-to-peer trading platforms’ volumes climb while digital currencies are also selling at a premium. […]
South Korean regulators are seeking cooperation with counterparts from Beijing and Tokyo to address cryptocurrency speculation. Six commercial banks have been targeted by Seoul authorities inspecting crypto trading. Korean experience is to help a possible trilateral approach to regulation. Also read: Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January “Trial-And-Error” to Shape the […]
Tether, creator of a USDT token claimed to be backed by the U.S. dollar, has been a hot topic of conversation lately to say the least. The company has been very successful so far issuing tokens to individuals and exchanges, but many skeptics are worried the digital currency is not backed by real fiat. Skeptics […]
Over the past few months, cryptocurrency exchanges across the globe have been swamped with new customers looking to trade or acquire digital assets. Trading platforms have been having a hard time keeping up with the new registrants. Users are complaining that identity verifications are now required and take weeks to process, while some exchanges are […]
The Indian government has been actively issuing warnings regarding the risks of investing in cryptocurrencies such as bitcoin. However, Indians are not deterred, crowding to register at crypto exchanges in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details Indian Government Actively Issuing Warnings The Indian government has repeatedly warned about bitcoin […]
Two major Chinese cryptocurrency exchanges have delayed their launches in South Korea due to uncertainties surrounding the government’s regulation. The regulators are currently working on a real-name identification system that will end the anonymous trading of cryptocurrencies in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details4 A Bump in the Road […]