World News

UK financial watchdog says it needs powers over crypto promotions

Creating a regulatory regime for the decentralised world of cryptoassets will take careful thought, Britain's Financial Conduct Authority (FCA) said on Monday. Britain's finance ministry has already consulted publicly on…

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Cuba authorizes and seeks to regulate cryptocurrency use

Cuba said this week it would authorize and regulate the use of cryptocurrency, a move that could help the Communist-run country skirt U.S. sanctions that have complicated transactions through the…

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South Korea to toughen rules to collect cryptocurrencies from tax dodgers

South Korea will look to tighten a crackdown on tax evasion by cryptocurrency investors and high-income earners as it seeks fresh revenue to cover rising welfare costs, its finance ministry…

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Binance stops crypto margin trading against pound, Aussie dollar, euro

Binance, the world's largest cryptocurrency exchange, said on Monday that it would stop offering cryptocurrency margin trading involving the Australian dollar, euro and sterling. The cryptocurrency exchange's curbs on its…

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Bitcoin leaps 12% to test recent peaks, ether hits 3-week high

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive…

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UK financial watchdog warns consumers over CoinBurp crypto launch

Crypto broker CoinBurp is not fully authorised before Monday's planned launch of its $BURP token and initial exchange offering, Britain's Financial Conduct Authority (FCA) said on Sunday, in its latest…

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Crypto exchange Binance not authorised, Italian regulators say

Binance is not authorised to carry out activities in Italy, the country's market watchdog said on Thursday, joining a string of global regulatory moves against the cryptocurrency exchange. Binance Group…

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Cryptocurrency trading volumes slump 40% in June, data shows

Trading volumes at major cryptocurrency exchanges fell by more than 40% in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing…

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Britain bans Binance in latest cryptocurrency crackdown

Britain's financial regulator has ordered Binance, one of the world's largest cryptocurrency exchanges, to stop all regulated activity and issued a warning to consumers about the platform which is coming…

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China’s ban forces some bitcoin miners to flee overseas, others sell out

China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places…

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Crypto is ‘rat poison’, a third of mainstream investment firms tell JPM

Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as "rat poison" or predicting it would be a temporary fad.…

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Bitcoin tumbles 10% in wake of deepening China crackdown

Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China's expanding crackdown on bitcoin mining in thin…

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China’s cryptocurrency-mining crackdown spreads to Sichuan

China's crackdown on cryptocurrency "mining" has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining centre. Cryptomining is big business in…

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Malta: Crypto wallet used to store loot from $700,000 fraud, court told

A 25-year-old company director has been denied bail this afternoon after being charged with fraudulently obtaining $700,000 from a car dealer and storing them in a “crypto wallet,” to which…

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More people view crypto assets as acceptable investment, says UK watchdog

More people see crypto assets as a mainstream investment rather than a "gamble" as ownership of bitcoin and similar crypto currencies has risen to 2.3 millon adults in Britain this…

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Unregulated spread of cryptocurrencies a concern, says Italian regulator

The spread of cryptocurrencies without any clear regulation is a cause for concern and could damage the way the market operates, the head of Italy's stock market regulator said on…

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China arrests over 1,100 suspects in crackdown on crypto-related money laundering

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said.…

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Leading crypto exchanges scout entry into India despite potential ban

Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi…

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China blocks several cryptocurrency-related social media accounts amid crackdown

A slew of crypto-related accounts in China's Twitter-like Weibo platform were blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining. More actions are expected,…

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UPDATED: UK regulator says cryptoasset firms not meeting anti-money laundering rules

Many cryptocurrency firms are not meeting Britain's anti-money laundering and counter-terrorism financing rules, the country's financial watchdog said on Thursday, showing how some parts of the emerging sector are struggling…

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Ethereum rises 5% at $2,509; bitcoin firm

Cryptocurrency Ethereum climbed over 5% on Monday to $2,523 but remained more than 40% below a record high of above $4,300 hit earlier this month. At 0950 GMT, it was…

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UPDATED: Crypto miners halt China business after Beijing cracks down, bitcoin dives

Cryptocurrency miners, including HashCow and BTC.TOP, have halted their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny of…

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UPDATED: Musk decries bitcoin’s ‘insane’ energy use after Tesla payment U-turn

Tesla Inc boss Elon Musk denounced the "insane" amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of…

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UPDATED: Second-biggest cryptocurrency ethereum breaks $4,000 to hit record high

Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although…

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Dogecoin loses third of price after Elon Musk calls it a ‘hustle’ on ‘SNL’

Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday…

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Cryptocurrency Dogecoin soars 40% to all-time high

Meme-based virtual currency Dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth-biggest digital coin. Dogecoin, launched as a satirical critique of 2013's cryptocurrency…

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EBay CEO says looking at cryptocurrency as payment option – CNBC

(Reuters) - EBay Inc is looking at new payment options for customers, including cryptocurrency, Chief Executive Officer Jamie Lannone said in a CNBC interview on Monday. The e-commerce firm is…

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UPDATED: Ethereum breaks past $3,000

Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be…

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Turkey adds crypto firms to money laundering, terror financing rules

ISTANBUL, May 1 (Reuters) - Turkey added cryptocurrency trading platforms to the list of firms covered by anti-money laundering and terrorism financing regulation, it said in a presidential decree published…

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Germany’s financial watchdog warns crypto exchange Binance over “stock tokens”

BERLIN (Reuters) - Germany's financial regulator BaFin warned that Binance, one of the world's largest cryptocurrency exchanges, risked being fined for offering its securities-tracking digital tokens without publishing an investor…

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UPDATED: Turkey detains four in Vebitcoin investigation

Turkish authorities have blocked the onshore bank accounts of Vebitcoin and detained four people as part of an investigation into the cryptocurrency exchange platform, a local prosecutor said on Saturday.…

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Bitcoin sinks below $50,000 as cryptos stumble over Biden tax plans

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on concern that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets. The selloff…

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UPDATED: Turkey detains 62 people in cryptocurrency trading firm probe

Turkish police have detained 62 people in an investigation of a cryptocurrency trading platform provider, state-owned Anadolu news agency said on Friday, after thousands of Turks filed criminal complaints saying…

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Appeal for clear crypto rules urgently needed as major companies embrace asset

A clear cryptocurrency regulatory regime is urgently needed as major companies like Tesla Inc, BNY Mellon Corp and Mastercard Inc embrace the alternative asset class, a top Securities and Exchange…

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Miami mayor sees bitcoin move as way to attract tech

The city of Miami is seeking to embrace bitcoin in its operations, a move that could bring dividends in terms of attracting technology companies, Mayor Francis Suarez said. The city…

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Hit by cryptocurrency curbs, Chinese fund managers look elsewhere to ride bitcoin bull

As the price of bitcoin soars, Chinese cryptocurrency asset managers are looking to expand in places such as Hong Kong and Singapore, skirting an intensified crackdown at home. Cryptocurrency-focused hedge…

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Crypto exchange OKEX suspends cryptocurrency withdrawals

OKEX, one of the world's largest cryptocurrency exchanges, said on Friday it had suspended withdrawals of digital assets, also known as cryptocurrencies. The exchange said in a statement posted on…

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Central banks sketch out digital currency as China forges ahead

A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look like to help catch up with China's "trail…

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Kazakhstan in talks on $700 million in cryptocurrency mining projects

Kazakhstan is in talks to attract investments worth 300 billion tenge ($714 million) into the cryptocurrency sector, Digital Development Minister Bagdat Mussin said on Wednesday. Kazakhstan claims to account for…

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U.S. seeks to seize 280 cryptocurrency accounts tied to North Korean hacks

The U.S. government sought to seize 280 cryptocurrency accounts it said were used by North Korean hackers who stole millions of dollars of cryptocurrency from two virtual exchanges, and used…

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Singapore’s Temasek joins Facebook-backed Libra project

Singapore state investor Temasek Holdings has joined the Facebook-backed Libra digital currency project which has faced intense scrutiny from global regulators worried its launch could erode national control over money.…

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Cryptocurrency gaining popularity among Swiss as an investment

Cryptocurrencies as an investment class is becoming more popular among Swiss savers. Young people in particular are increasingly venturing into bitcoin and other digital money. A survey conducted by the market research institute Intervista on…

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Swiss ski resort accepts bitcoin for settling tax bills

The iconic ski resort of Zermatt has become the second local authority in Switzerland to allow residents to pay their tax bills using the cryptocurrency bitcoin. Zermatt, which lies in…

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UNICEF now accepting cryptocurrency donations

The UN children’s agency UNICEF as of Wednesday, will be able to receive, hold and disburse donations of cryptocurrencies and bitcoin through its newly established Fund, a first for UN…

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France and Germany agree to block Facebook’s Libra

France and Germany have agreed to block Facebook’s Libra cryptocurrency, the French finance ministry said on Friday. In a joint statement, the two governments affirmed that “no private entity can…

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Switzerland’s first crypto banks receive licences

The Swiss financial regulator has awarded banking and securities dealer licences to two new “crypto banks”. SEBA and Sygnum have been cleared to operate, a major milestone for the fledging…

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Barclays no longer banking cryptocurrency exchange Coinbase

Barclays is no longer providing banking services to cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that started in March last year as the exchange…

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India seems set to ban private cryptocurrencies

In a setback for cryptocurrency enthusiasts and start-ups, India seems all set to ban private cryptocurrencies after an inter-ministerial committee (IMC) suggested outlawing private cryptocurrencies, like Bitcoin, apart from declaring…

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Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin. Bitcoin…

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Cuba considering introduction of cryptocurrency

Cuba’s Communist government announced that it was studying the potential use of cryptocurrency as part of a series of measures to boost its economy amid a deepening crisis exacerbated by…

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Arrests in the UK and Netherlands in €24 million cryptocurrency theft

The UK’s South West Regional Cyber Crime Unit (SW RCCU) in a joint operation with the Dutch police (Politie), Europol, Eurojust and the UK’s National Crime Agency (NCA) has arrested…

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Facebook sets eyes to become world’s leading ecommerce platform as it launches its cryptocurrency on Tuesday

Wall Street analysts are eagerly anticipating Facebook’s possible unveil of its long-awaited cryptocurrency payments plan on Tuesday. According to various reports the company is preparing to finally reveal what it…

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Cryptocurrency experts meet at Europol to strengthen ties between law enforcement and private sector

Over 300 cryptocurrency experts from both law enforcement and the private sector attended the sixth Cryptocurrency Conference hosted at Europol’s headquarters from 12 to 14 June 2019. The event, organised…

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Facebook plans to launch its own cryptocurrency

Facebook is planning to launch its own cryptocurrency, dubbed GlobalCoin, in early 2020, allowing users to make digital payments in a dozen countries. GlobalCoin would enable Facebook’s 2.4 billion monthly…

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Multi-million euro cryptocurrency laundering service Bestmixer.io taken down

The Dutch Fiscal Information and Investigation Service (FIOD), in close cooperation with Europol and the authorities in Luxembourg, clamped down on one of the world’s leading cryptocurrency mixing service…

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Millions in cryptocurrencies frozen after founder of Quadriga platforms died

About C$180 million in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly…

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