Switzerland Softens Tone on Libra After Ex-President Says Project ‘Failed’

The Swiss government has attempted to strike a more conciliatory tone on the Facebook-led Libra project, weeks after the country’s now-departed president called the project a failure. A government memo, seen by Bloomberg, emphasizes that the country’s regulators have not ruled out the possibility that Libra could one day receive their approval. Swiss officials will …

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Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet

The Australian Prudential Regulation Authority (APRA) is seeking to oversee stablecoin projects like Facebook’s controversial stablecoin Libra. In an official proposal to the Senate published on Jan. 20, APRA submitted a possible regulatory framework dedicated to fintech and regulatory technology (regtech) covering topics ranging from digital wallets to data protection.  The proposed framework, “is intended …

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This Surprising Factor Will Massively Increase Bitcoin Adoption, Says Industry Execs

Right now, Bitcoin and other cryptocurrencies are something of a niche offering. But many nations continue to skirt economic meltdown, thanks in part to unprecedented levels of quantitative easing. As such, some industry commentators predict a flippening when stuff finally does hit the fan. A global economic recession is inevitable, and it will benefit bitcoin …

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How To EASILY Invest In Bitcoin & Other Crypto? 2020 Tutorial On eToro

Sign up to eToro: http://www.etoro.com/A84102_TClick.aspx A question I regularly get is: “how can I buy Bitcoin? How can I buy Ethereum?” In this video I show you the most straightforward way to buy the biggest cryptocurrencies on the popular platform trading platform eToro. eToro is the biggest social trading platform in the world and has …

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CME’s Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead

In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the …

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Palestinian Militant Group Has Received 3,370 Bitcoins in Donations Since 2015: Report

A Palestinian militant group took millions of dollars-worth of bitcoin donations to finance its operations, according to a new report. Obtained by the Jerusalem Post and reported Sunday, the report from the Israeli International Institute for Counter-Terrorism (ICT) found the al-Nasser Brigades, the military wing of the Popular Resistance Committees (PRC), used bitcoin sent from …

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South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies

South Korea’s Ministry of Economy and Finance is considering imposing a 20% tax on income from cryptocurrency transactions. According to a report published by local English-language news outlet The Korea Times on Jan. 20, the ministry had reportedly ordered its income office to review cryptocurrency taxation. The Korea Times cited an anonymous official who reportedly …

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Bitcoin Cash Gets Significant Privacy Boost With Cashfusion Alpha Launch

On January 17, the BCH developer known as Acidsploit announced the launch of the highly anticipated Cashfusion alpha. Interested parties can reach out to the Cashfusion developers via the team’s Telegram group to become an alpha tester. The news of the launch excited the BCH community a great deal, as it means a significant privacy …

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Bitcoin Just Closed Beneath This Key Level and It Isn’t Good for Bulls

Bitcoin has had a rocky past few days, surging to highs of $9,200 this past Saturday before meeting insurmountable resistance that has sparked a short-term downtrend. This downtrend has led BTC into the mid-$8,000 region, but the losses may not end here. One analyst is now noting that Bitcoin recently closed beneath a key technical …

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Cardano’s Commercial Arm to Help Uzbekistan Form Blockchain Task Force

The Cardano blockchain’s commercial arm, Emurgo, has partnered with the government of Uzbekistan to form a blockchain task force to develop regulations for security token offerings (STOs) and exchanges (STXs). In a Jan. 20 press release, Emurgo revealed its new cooperation with the Uzbek government and Kobea Group &  Infinity Blockchain Holdings — the official …

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Blockstream Co-Founder Joins Bitcoin-Only Startup River Financial

Industry veteran Jonathan Wilkins, a co-founder of bitcoin tech startup Blockstream, is joining up-and-coming bitcoin brokerage River Financial as Chief Security Officer (CSO). River is a bitcoin-only financial institution for buying and selling the digital currency (emphatically not an exchange; it says it’s “for the long-term investor”). Currently available only to testers who have received …

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CoinDesk at WEF 2020: Crypto Themes to Watch as Davos Gets Underway

CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Below is the first edition of our pop-up newsletter, CoinDesk Confidential: Davos. Subscribe below. Get your Fourth Industrial Revolution hardhats on – it’s time to ponder the slew of problems …

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Thai SEC Grants License to Asia-Pacific Crypto Exchange

Thailand’s securities regulator has granted a coveted digital assets exchange license to Asia-Pacific crypto-fiat trading platform Zipmex. According to a press release shared with Cointelegraph on Jan. 20, Thailand’s Ministry of Finance and the Thai Securities and Exchange Commission (SEC) approved Zipmex for the license, which places strict regulatory requirements on applicants. To secure the …

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Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say

A prolonged legal battle, which may hold the key to XRP’s future, has been extended again. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security. The decision on the defendant’s motion to dismiss the lawsuit has been postponed. But even a …

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