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A court in Rio de Janeiro has ruled in favor of Brazilian crypto exchange Mercado Bitcoin in a case over the closure of one of its checking accounts. The judicial instance turned down an appeal filed by Banco Sicoob against a decision by the district court in Barra da Tijuca which granted the exchange the … Read more
After serving as finance minister of one of the most economically influential nations over the past three years, Ueli Maurer is now starting his term as President of the Swiss Confederation. Given his track record and liberal views regarding fintech regulation, Maurer’s election is considered a positive development for the Alpine nation’s expanding crypto industry. Also … Read more
A new presidential decree legalizes cryptocurrency trading in Uzbekistan, introducing licensing for crypto exchanges and a set of requirements they will be obliged to meet. To operate in the country, foreign trading platforms will have to establish local subsidiaries and abide by the country’s relevant laws. Also read: California Passes Bill Defining Blockchain and Crypto … Read more
President Maduro’s Venezuela is preparing to effectively adopt next week two official units of account – the nation’s crypto, El Petro, and the new petro-pegged bolivar that will replace the inflated national fiat. New salary and pricing mechanisms will be implemented as well, the country’s leftist leader promised. Also read: Malta Tops Exchange-Based Crypto … Read more
É Boa Pra Caramba! roughly translated means ‘amazing’ in Brazilian Portuguese. Regional Bitcoiners might be using the expression more these days after Brazil New Party presidential candidate João Amoêdo came out recently as very pro-bitcoin. Mr. Amoêdo is heading into a contentious election this October. In an interview, when asked about cryptocurrencies such as bitcoin, … Read more
US presidential candidate, Andrew Yang (D), has announced that his campaign for the 2020 election is now accepting cryptocurrency donations. Also in the Daily, Chinese social network, Tianya, is about to issue a native token, and the KICKICO project has been hacked – resulting in the loss of $7.7 million USD worth of tokens due … Read more
Cryptocurrency has its place in the world and Russia should carefully consider when and how to take part in the process of its development, Vladimir Putin said in his annual Q&A session with Russian citizens. The president noted that “by definition” neither Russia, nor any other country could have a national cryptocurrency. Putin also mentioned the … Read more
The Chilean president, Mario Marcel, has made comment seemingly in favor of developing a regulatory apparatus for virtual currencies. The apparent openness to regulating cryptocurrencies contrasts significantly from the recent banking embargo targeting virtual currency recently witnessed in Chile. Also Read: Spanish Regulator Open to Approving Funds Investing Directly in Cryptocurrencies Chilean President Discusses Benefits of … Read more
A luxury hotel, offering breathtaking views of Caracas and the Caribbean coast, will be accepting only payments in Petro, Venezuela’s national cryptocurrency. According to President Maduro, the renovated Humboldt hotel is going to be the first seven-star property in his crisis-stricken Bolivarian Republic. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms … Read more
The current president and chief executive officer of the San Francisco Federal Reserve Bank, and the man expected to soon be the New York Federal Reserve Bank, John Williams, has rejected the suggestion that cryptocurrencies comprise currency. Also Read: Trading Sanctions Imposed on Tezos Co-Founder Amid FINRA Settlement New York Federal Reserve Nominee Rejects Cryptocurrencies as … Read more
