Uganda Targets Cryptocurrencies in Ponzi Scheme Crackdown

Ugandan legislators are exploring the role of cryptocurrencies in connection with pyramid scheme frauds that are often found in the country, local newspaper PML Daily reported on Feb. 4. While legislators are moving forward with a proposal to criminalize Ponzi schemes, cryptocurrencies may come under fire as well. Speaking at the parliament, the State Minister …

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Kraken’s Dan Held on What’s Different About Bitcoin at $10K This Time

As bitcoin inches towards $10,000, @nlw is joined by Kraken’s Dan Held to discuss how the narrative, infrastructure and audience have changed since this price last year. Bitcoin is on a seven-week upward trend. Having already smashed through its $9,000 Vegeta memes, it is now inching closer towards $10,000.  On this episode, @nlw is joined …

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Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions

Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding operations with digital assets. Also read: With New Regulations, Europe’s Crypto Companies May Be Running …

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Indicator That Signaled Bitcoin’s Bottom at $6,400: Price on Verge of Steep Pullback

If you’ve been involved in Bitcoin or crypto investment at all over the past two years, you likely know of the TD Sequential. The technical indicator, created by Point 72 consultant Tom Demark, has long been a staple of trading suites of crypto investors, giving these individuals a way through which they can figure where …

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Alexander Vinnik Claims Injustice While Now Fighting Charges in France

After spending 30 months in detention, Greek authorities have finally extradited the Russian national and alleged Bitcoin (BTC) money launderer Alexander Vinnik to France. Prosecutors in France are charging Vinnik, operator of the defunct BTC-e crypto exchange, with multiple counts of money laundering, extortion and conspiracy. Vinnik also has pending extradition requests from both Russia …

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Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos

Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies. Also read: US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks Crypto-Focused Funds With …

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Coinbase and Ripple Push for Regulatory Framework, US Congress Stalls

A new working group, spearheaded by senior employees of Ripple and Coinbase, is going to advise United States regulators on crypto-friendly policies. But congresspeople are too busy preparing for the upcoming elections, which means that U.S. crypto firms will have to continue hula-hooping through state-by-state regulations in the near future.  Earlier this month, a D.C.-based …

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Tax Friendly Saint Kitts and Nevis Approves Progressive Crypto Bill, Lenient Capital Gains Exemption

The island country of Saint Kitts and Nevis, located in the West Indies, recently passed a bill that legalizes digital currency assets like bitcoin cash. The act is cited as the Virtual Asset Bill 2020 and it aims to provide the regulation of cryptocurrencies for Saint Kitts and Nevis businesses and residents. Also Read: IOTA, …

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Catalonia Is Moving to Achieve Digital Independence Using Blockchain

The burgeoning autonomous community of Catalonia has been struggling for political freedom from Spain for years. Now, according to Jordi Puigneró, Minister of Digital Policies and Public Administration, the group is also angling for digital independence. “Just as the Internet brought us universal connectivity, blockchain will bring us new universal governance. It will affect the …

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