Category: Malta

SEC Commissioner: US Could Draw Crypto Policy From These Countries

SEC Commissioner: US Could Draw Crypto Policy From These CountriesThe U.S. Securities and Exchange Commission (SEC) could learn from other countries when finalizing its own crypto regulation, Commissioner Hester Peirce explains. While highlighting peculiar and notable features of the U.S. system, the commissioner emphasizes cross-border considerations, detailing applicable crypto frameworks of several countries. Also read: G20 Leaders Issue Declaration on Crypto Assets – A […]

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Regulators Tackle Businesses in Europe’s Crypto-Friendly Nations

Regulators Tackle Businesses in Europe’s Crypto-Friendly NationsThere’s a group of countries on the Old Continent that have recognized the potential of the newly forming cryptoconomy. In the past couple of years, nations such as Malta, Switzerland and Estonia have been making efforts to attract businesses from the nascent industry, often rebuffed elsewhere. However, registering and running a crypto company, even in […]

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Malta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto Transactions

Malta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto TransactionsThe Malta Financial Services Authority (MFSA) has appointed U.S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations. Also read: Fidelity’s Cryptocurrency Arm Starts […]

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Malta Might Be ‘Blockchain Island’ But Don’t Try Opening a Crypto Bank Account

Malta crypto business bank accounts-minMalta has been hyped up as the happy ending for crypto business who have trouble operating elsewhere, but there’s a problem: banks are reluctant to grant crypto startups business accounts until they’re properly licensed with the MFSA. This process can take up to six months for a first-round response, leaving many businesses unable to operate […]

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In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank AccountsIn this edition of The Daily, Bitmex has updated its Terms of Service. The revised rules prohibit residents of certain countries, including the U.S., from trading digital assets on the platform. Also, the native token of the leading crypto exchange Binance, BNB, has hit a record price against BTC. And in Malta, companies from the […]

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In the Daily: Regulatory Developments in Italy, Mauritius, Malta

In the Daily: Regulatory Developments in Italy, Mauritius, MaltaIn this edition of The Daily we cover recent regulatory developments regarding the use of cryptocurrencies and their associated industries from all over the world. Lawmakers in Italy have approved a definitions mandate, Mauritius has created a crypto custody license, and Malta is set to provide cybersecurity guidance to crypto funds, exchanges and ICOs registered […]

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The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation

The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto RegulationIn this edition of The Daily, Iran is reportedly preparing to announce its national cryptocurrency during a conference starting on Jan. 29. Also, a draft decree introducing legal definitions for terms related to cryptocurrencies has been introduced in the Italian Senate and the IMF has voiced concerns over Malta’s blockchain industry while recognizing the positive […]

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The Daily: Bakkt Shares BTC Futures Details, Kucoin Adds Grin Trading Pairs

The Daily: Kucoin Adds Pairs With Grin, Bakkt Shares Details About BTC FuturesIn the first weekend edition of The Daily, crypto exchange Kucoin lists Mimblewimble coin Grin, giving it several trading pairs, and Bakkt releases product details about its upcoming futures contracts. Also, a Chinese investor sues a famous Israeli crypto entrepreneur for alleged fraud, while Malta issues a warning about a get-rich-quick “Bitcoin Revolution” scam. Also […]

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Cryptocurrency Conferences Continue to Thrive Despite Industry Downturn

Cryptocurrency Conferences Continue to Thrive Despite Industry DownturnOver the last year, cryptocurrency prices have dropped significantly and mainstream attention has been waning in recent months. However, according to recent data, the digital currency and blockchain conference circuit did not see a steady decline during the last six months of 2018. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations […]

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The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Downsizes

The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Is DownsizingIn Wednesday’s edition of The Daily we cover a new feature that will allow Bitpay merchants to automatically diversify their settlements, a downsizing at Shapeshift that will see its team cut by a third, a show of commitment to the crypto industry by the government of Malta, and a new offering of BCH margin trading. […]

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Four Cryptocurrency Hotspots That Saw Tremendous Growth in 2018

Four Cryptocurrency Hotspots That Saw Tremendous Growth in 2018In the last few years, the cryptocurrency environment has changed drastically and there is a bunch of new cryptocurrency hotspots popping up across the globe. Gone are the days when certain territories such as Zug, Prague, and other blockchain hub cities dominated the headlines. Now a variety of different regions like Malta, South Korea, Hong […]

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U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients.  Also read: Former Mt. Gox CEO Could Face 10 Years in Jail […]

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Zebpay Exchange Now Live in 21 European Countries

Zebpay Cryptocurrency Exchange Now Live in 21 European CountriesZebpay, formerly one of India’s largest cryptocurrency exchanges, has launched in Europe. Euro deposits, withdrawals, and trading are now live in 21 countries. While the exchange is not accepting new registrations from India, existing users can continue to use its wallet app. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Zebpay […]

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The Daily: Binance Offers Multiple Accounts, Huobi Plans Institutional Exchange

In this edition of The Daily, cryptocurrency exchange Binance has announced support for multiple accounts and we’ve got all the details. Elsewhere, digital asset exchange Huobi wants to launch a regulated platform for institutional investors under its Gibraltar license. Finally, we cover a warning about an unauthorized crypto brokerage that has been issued by regulators […]

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The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in MaltaIn this edition of the Daily, we look at Bitpay’s decision to add the U.S. dollar-pegged PAX token to its list of settlement currencies. We also cover a couple of recent announcements in the crypto industry. Waves is preparing to launch a regulated exchange in Malta and bitcoin mining giant Bitfury is planning to establish […]

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Isle of Man Updates Registration Rules for Cryptocurrency Businesses

Isle of Man Updates Registration Rules for Cryptocurrency BusinessesThe financial regulator of the Isle of Man recently introduced changes to its policy governing the registration of companies in the cryptocurrency industry. The British Crown dependency in the Irish Sea is also tightening rules applicable to projects that conduct initial coin offerings (ICOs). Also read: Vietnam at Crossroads on Cryptocurrency Regulations Financial Authority Adopts […]

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Bitfinex Introduces New Fees, Bitmex Rejects Claims It Trades Against Its Customers

Bitfinex Introduces New Fees, Bitmex Rejects Claims It Trades Against Its CustomersIn recent cryptocurrency exchange news, Bitfinex has introduced new withdrawal fees, the CEO of Bitmex has refuted accusations that the exchange’s in-house trading desk trades against its customers, and Malta-based Bistraq Exchange has commenced operations. Also Read: Stablecoins Fetch a Premium as BTC Hits Year Low  Bitfinex to Charge 3% on Frequent Withdrawals Bitfinex has introduced […]

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Nigerian Startups Call for Cryptocurrency Regulation to Stem Investment Outflows

Nigeria's Start-Ups Call for Cryptocurrency Regulation to Stem Investment OutflowsNigeria’s financial technology startups have called on the Central Bank of Nigeria (CBN) to provide legal guidelines for the cryptocurrency and blockchain industry. A lack of regulation is driving investment out of Africa’s biggest economy to areas like Rwanda and Europe while fomenting uncertainty, according to the Electronic Payment Practitioners Association of Nigeria (E-ppan). Also […]

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The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade Volume

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade VolumeIn today’s edition of The Daily, we cover several different reports about the cryptocurrency ecosystem. The first was written by a cybersecurity firm that’s trying to identify the safest exchanges through which to trade. The second report offers a detailed breakdown of the market based on a host of different parameters, while another shows that […]

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ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Avoid US SanctionsMalta’s Pilatus Bank has been shut down by the European Central Bank (ECB). Its banking license was revoked after its chairman was charged in the U.S. with money laundering and organizing a scheme to evade U.S. sanctions. The bank had also been accused by a murdered journalist of processing corrupt payments. EU authorities now want new […]

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Top Three South Korean Cryptocurrency Exchanges Expand Overseas

Three of South Korea’s largest cryptocurrency exchanges are expanding overseas. Upbit has launched a Singaporean crypto exchange with 156 coins and 221 trading pairs. Coinone has established a crypto exchange in Malta while Bithumb is planning to launch a security token platform in the U.S. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bithumb to […]

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