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Financial Action Task Force: Global cryptocurrency regulation framework to be out by June 2019

  The global watchdog for money laundering has announced that it will start publishing its first batch of cryptocurrency regulations by June next year. The Financial Action Task Force (FATF) said there is a great need to implement worldwide jurisdictions for cryptocurrency regulation including the licensing and operation of cryptocurrency exchanges as well as the […]

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Baseless propaganda! Goldman Sachs Refutes Claims It’s Shying Away From the Bitcoin Trading Desk Project

Much of the speculation and propaganda has spread on Sachs Goldman’ stance on much-hyped plans to launch a Bitcoin Trading Desk. These speculations came to light, especially after a report by Business Insider announced that Goldman Sachs was deprioritizing its near-term plans to launch a Bitcoin Trading Desk to allow it to fully focus on […]

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Singapore Central Bank Chairman Livid Over Fake Crypto News

The central bank of Singapore has issued warnings over what it terms as “fabricated comments” on crypto by two websites about their chairman who also happens t be deputy prime minister Tharman Shanmugaratnam. The two websites posted this fabricated news yesterday which has caused an uproar within the institution. These two websites identified as “Gulfweed […]

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Standard chartered bank partners with Siemens on a blockchain based pilot test seeking to completely digitize bank guarantees

International banking giant Standard Chartered is reportedly partnering with the financial arm of tech manufacturing giant Siemens I a pilot project geared towards putting bank guarantees for trade finance on a blockchain. A report from IBS intelligence revealed that the project will also be assisted by digital ledger firm Tradeix. The project main goal is […]

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The Eu to Discuss Further Crypto Regulation but This Could Be a Good Thing

Finance ministers from 28 member countries in Europe will discuss putting in place further regulation on cryptocurrencies due to concerns surrounding illicit activities and a general lack of transparency. According to Bloomberg, the EU finance ministers will convene at a Vienna meeting on September the 7th in order to deliberate on whether or not to […]

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India’s Top Bank Discreetly Forms a Unit to Look into Crypto

A new internal unit has been established by the reserve bank of India according to reports. This unit will be tasked with conducting research and regulating emergent technologies. The unit will specifically focus on cryptocurrencies, artificial intelligence (AI) and blockchain technology. The Reserve bank of India (RBI) is yet to issue a formal announcement on […]

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Juniper Research Reveals Possible 27 Billion in Bank Savings Annually Thanks to Blockchain Adoption

A recent research done by market intelligence outfit Juniper research shows that the deployment of blockchain technology in financial institutions stands to lead to massive savings amounting to over 27 billion dollars on international transactions before the close of the year 2030. The company revealed this stunning information on their twitter handle. According to the […]

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Bitcoin ETF: What is It and How Does it Work?

The Bitcoin ETF (Exchange-Traded Funds) applications, rejections, and rumors of possible approval have been affecting price action in the past few weeks. While the SEC is yet to approve a Bitcoin ETF that follows its requirements and addresses crucial security issues, some people are still confused regarding the technicalities and definition of what a Bitcoin […]