regulation

Don’t Disrespect Our Crypto Trading Ban, Warns Burundi’s Central Bank

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Burundi’s Central Bank has completely banned crypto trading in the country, specifically mentioning bitcoin, ethereum and a handful of other cryptocurrencies. The East African nation is also warning that “strong measures could be taken” against traders who flout the ban, in a statement to Bloomberg.  The Central Bank of Burundi admitted in a statement that […]

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Andreessen Horowitz Tackles Washington’s Crypto Cops in Unusual Private Sitdown

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By CCN Markets: Angel investment and venture capital firm, Andreessen Horowitz, has taken an “unusual” measure in the fight against Washington’s clampdown on cryptocurrency. To secure its stake within the emerging crypto industry, the VC wined and dine…

Ripple CEO Garlinghouse Slams FUD Because ‘It’s Clear XRP Isn’t a Security’

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Investments in XRP has dwindled dramatically in 2019, indicating that not many are using the crypto-asset for its intended application: that of behaving as a bridge between fiat currencies for cross-border payments. The result is an underperforming token, now down more than 23 per cent against the US dollar. Investors have their reasons to keep […]

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India’s Biggest Bank Plots Scary Debit Card Kill-Switch Similar to Crypto Ban

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By CCN Markets: India’s largest bank, the State Bank of India (SBI), has announced an initiative yesterday in which the state-owned financial institution seeks to eliminate debit cards to promote digital transactions. In light of the SBI’s ambitious project, it has now become clearer that India’s last month plans to ban all crypto assets is […]

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Bitcoin Hater Agustin Carstens U-Turns to ‘Support’ Digital Currencies

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Bank for International Settlements (BIS) chief Agustin Carstens has been a vocal opponent of bitcoin and other cryptocurrencies, making his feelings known in no uncertain terms on many occasions. But the general manager of the BIS – popularly known as …

Facebook Recruits Bank Lobbyist for Regulatory Assist with Crypto GlobalCoin

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By CCN Markets: Facebook has just hired a senior UK bank lobbyist ahead of GlobalCoin launch to help the company cope with European regulations. According to the Financial Times, Facebook will employ Standard Chartered European Head of Corporate and Pu…