Cryptocurrency news
Central Bank of Portugal Grants Country’s First Crypto License to a Bank
Bison Bank, a Portugal-based financial institution, has received a license from the Portuguese central bank (Banco de Portugal) to operate as a virtual asset service provider (VASP), Banco de Portugal announced Thursday. Bison Bank will create a special business division, Biso...
Samson Mow’s new company JAN3 helping build Bitcoin City in El Salvador
Samson Mow, former chief strategy officer of Blockstream and founder of Pixelmatic, said on Thursday that he has started a new company called JAN3 which will focus on accelerating Bitcoin adoption. The Chinese-Canadian Bitcoin entrepreneur told Reuters that JAN3 has alre...
Singapore aims to streamline financial watchdog's authority over crypto firms
The Singaporean government has approved legislation that will give the Monetary Authority of Singapore, or MAS, additional power to respond to crypto firms doing business outside the country. Records from the Parliament of Singapore show the government passed the Financi...
Digital Euro Will Have Privacy Safeguards, European Finance Ministers Say
A new digital euro will offer greater privacy for smaller transactions but won't allow for full anonymity, officials said after a meeting of finance ministers from the currency bloc on Monday. No formal decision has yet been taken whether to issue the central bank digital curren...
Indonesia to Charge 0.1% Tax on Crypto Transactions, Investments: Report
Indonesia plans to charge value-added tax (VAT) on crypto transactions and capital gains at a rate of 0.1% starting May 1. The government will impose income tax and VAT on crypto assets and is still working on the implementing regulation, tax official Hestu Yoga Saksama said F...
Wall Street Watchdog Cautions Banks on Trading Crypto Derivatives
A key U.S. financial watchdog is warning banks not to get cozy with crypto derivatives, suggesting those that do will face extra regulatory scrutiny. "Several large banks are exploring making markets for clients in bitcoin (BTC) futures, with an eye towards trading for...
Bosnian court sides with Bitcoin miner in frozen bank account case
Italy’s second-largest bank UniCredit and the Bitcoin (BTC) mining farm Bitminer Factory have faced each other in the Bosnian city Banja Luka court, which decided that the bank improperly closed the company’s account and must compensate €131 million (about $144 m...
Gold industry taps blockchain for supply chain management and fraud prevention
Some of the most prominent organizations in the gold industry have joined forces to launch a new “integrity program” that utilizes blockchain technology for supply chain management — a move that’s intended to help market participants verify the authenticit...
UK Set to Disclose Plans for Regulating Crypto in Coming Weeks
The U.K. government is set to reveal its plans for regulating the crypto industry in the coming weeks, according to CNBC. Although details are still being finalized, the regulatory regime will focus heavily on stablecoins which are cryptocurrencies fixed to the value of other...
US Senate to Consider Bill Examining El Salvador's Bitcoin Experiment
The full U.S. Senate will vote on a bill looking to mitigate risks to the U.S. financial system from El Salvador's adoption of bitcoin as legal tender, after the bill was passed out of committee on Wednesday. The “Accountability for Cryptocurrency in El Salvador (ACES) Act...