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Chile’s Bancoestado Reopens Bank Accounts Belonging to Crypto Exchanges
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Chile’s Bancoestado Reopens Bank Accounts Belonging to Crypto Exchanges

Bancoestado, the only state bank in Chile, has reopened the accounts of cryptocurrency exchanges in the country. The move comes after a court directed banks to resume normal banking services to two cryptocurrency exchanges, Cryptomkt and Buda.com. Court Dir...
New York State Legislature Proposes Creation of Cryptocurrency Task Force
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New York State Legislature Proposes Creation of Cryptocurrency Task Force

The banks committee of the New York state legislature voted on Wednesday, May 30 to progress a bill that would create a digital currency task force. The task force would study the potential effects of the implementation of cryptocurrencies on financial markets...
IMF Official Calls for Regulation, Tech Adoption By Banks to Fight ‘Crypto Competition’
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IMF Official Calls for Regulation, Tech Adoption By Banks to Fight ‘Crypto Competition’

An official from the International Monetary Fund (IMF) suggested that central banks need to make fiat currencies “more attractive for the digital age” in an article published May 31. Deputy Director of the Monetary and Capital Markets Department Dong He sugges...
Singapore May Soon Set Up a Framework for Decentralized Crypto-Exchanges
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Singapore May Soon Set Up a Framework for Decentralized Crypto-Exchanges

Surging forward in creating an optimum business environment for cryptocurrency and blockchain companies, Singapore looks primed to replicate its success with the traditional finance sector, by becoming a digital asset hub. Current Regulations ‘Outdated’ As...
Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation
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Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

While most stake “hodlers” in the cryptocurrency ecosystem agree that there is a need for amenable regulation of the cryptosphere, Polish digital currency investors have refused to abide by the PPC law, due to its draconian nature. Now the Polish authorities h...
Busted: Britain Confiscates $700,000 in Bitcoin from Hacker
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Busted: Britain Confiscates $700,000 in Bitcoin from Hacker

A British court will this month sentence a 26 year old cyber-fraudster, from whom Scotland Yard seized about $700,000 in bitcoin proceeds earned from cyber-crime activities in 2015. The seizure of the $700,000 worth of bitcoin from Grant West last year is o...
Japan Bolsters Crypto Exchange Regulations to Prevent Another Coincheck
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Japan Bolsters Crypto Exchange Regulations to Prevent Another Coincheck

Japanese regulators have announced stricter regulations for cryptocurrency exchanges in an effort to prevent another heist like the one that befell Coincheck in January, according to Nikkei Asian Review. The country’s Financial Services Agency expects to be...
South Korea Has No Choice but to Legalize ICOs, and It May Happen Soon
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South Korea Has No Choice but to Legalize ICOs, and It May Happen Soon

The South Korean government has no other choice but to legalize initial coin offerings (ICO) and representative Hong Eui-rak of the ruling Democratic Party of Korea has obtained the support of 10 lawmakers to challenge the current ban on domestic ICOs. Multi-...
EOS Price Hangs on to $17 but Might Drop Lower Soon
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EOS Price Hangs on to $17 but Might Drop Lower Soon

It will be rather interesting to see what the future brings for all cryptocurrencies as of right now. While most of the top currencies are still in the green, there is some concern over the momentum running out sooner rather than later. So far, it seems the EO...
Pixie Dust’: Anti-Crypto ‘Expert’ Tells British Govt. Blockchain Is Just a Fad
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Pixie Dust’: Anti-Crypto ‘Expert’ Tells British Govt. Blockchain Is Just a Fad

On Tuesday, a director of a leading think tank stood before the British Parliament’s Treasury Select Committee and called out blockchain technology as “magic wand, pixie-dust things” that is a “fad” and “a distraction from looking at getting some of the basics...