#adoption News

South Korea Banking Giant Plans to Launch Crypto Custody Service

March 27, 2020 by Anthonia Isichei at Regulation

KB Kookmin Bank, South Korea’s largest bank, is planning to launch a crypto custodial service known as KB Digital Asset Custody (KBDAC). The entry of the South Korean financial giant into the crypto market could spark widespread adoption across financial institutions in the country. Custodial Services for Bitcoin and Ether...

Central Banker contemplating a central bank digital currency over the dollar

COVID-19: Congress Proposing Digital Dollar as Part of Stimulus Package

March 24, 2020 by Osato Avan-Nomayo at Altcoins

The Democratic Party-controlled U.S. House of Representatives has introduced draft legislation that includes the creation of a digital dollar to be used for stimulus payments to Americans due to the COVID-19 pandemic. House Democrats Want Digital Dollar for Stimulus Payments According to a version of the draft bill dated Sunday...

Monex Group Includes Bitcoin in Year-end Shareholder Benefit Package

March 23, 2020 by Anthonia Isichei at Bitcoin

Tokyo-based financial services company, Monex Group, recently announced that shareholders in the firm will receive bitcoin as part of the year-end benefit package for 2019. 500 Yen Worth of Bitcoin for Coincheck Users The company made the announcement on Monday, March 23, 2020. According to the Japanese firm, shareholders will receive...

Zimbabwe: Central Bank Set to Introduce Regulatory Sandbox for Cryptocurrency

March 16, 2020 by Anthonia Isichei at Regulation

Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ) is making plans to regulate the cryptocurrency industry, as there is a draft policy framework underway. A robust regulatory framework in place will see the development of the crypto sector in the country. RBZ to Regulate Crypto Businesses According to a...

French Court Rules Bitcoin is Legal Money

March 6, 2020 by Anthonia Isichei at Bitcoin, Regulation

A French commercial court has acknowledged Bitcoin as a currency, following a legal dispute between a local crypto exchange platform, Paymium, and investment firm, BitSpread. With the court ruling, Bitcoin can now be seen as legal money in France. Bitcoin’s Legal Status Same as Fiat Currency According to a report...

Another Pro-Crypto U.S. Presidential Candidate Bows Out of 2020 Race

March 5, 2020 by Anthonia Isichei at Regulation

Bloomberg CEO and billionaire, Michael Bloomberg, who advocated clear crypto regulations, recently dropped out of the 2020 U.S. Presidential Race. Bloomberg becomes the second pro-crypto U.S. Presidential candidate to exit after Andrew Yang. Crypto Advocate Bloomberg Leaves Race, Endorses Joe Biden According to the Wall Street Journal on Wednesday, March 4,...

Tagomi‌ ‌Set‌ ‌to‌ ‌Join‌ ‌Facebook’s‌ ‌Libra‌ ‌Association‌ ‌

February 27, 2020 by Anthonia Isichei at Altcoins

Crypto‌ ‌brokerage‌ ‌company,‌ ‌Tagomi,‌ ‌will‌ ‌soon‌ ‌become‌ ‌a‌ ‌member‌ ‌of‌ ‌Facebook’s‌ ‌Libra‌ ‌Association.‌ ‌With‌ ‌most‌ ‌of‌ ‌the‌ ‌initial‌ ‌backers‌ ‌gone,‌ ‌the‌ ‌addition‌ ‌is‌ ‌a‌ ‌welcome‌ ‌development‌ ‌for‌ ‌the‌ ‌Libra‌ ‌Consortium.‌ Another Member Joins the Libra Pack ‌ According‌ ‌to‌ ‌a‌ ‌report‌ ‌on‌ ‌‌TechCrunch‌‌ ‌on‌ ‌Thursday,‌ ‌February‌ ‌26,‌ ‌2020,‌ ‌Tagomi‌ ‌is‌...

Bitcoin Adoption in Lebanon Increases Amidst Worsening Economic Situation

February 25, 2020 by Anthonia Isichei at Regulation

As the current financial crisis rocking Lebanon continues to intensify, Lebanese citizens are increasingly looking to bitcoin to escape the country’s crippling economic situation. Lebanon joins the list of countries whose citizens have turned to the top cryptocurrency to counter the financial crisis. Bitcoin Gives ‘Financial Freedom’ Lebanon’s financial situation...

CoinField Integrates Chainalysis KYT Surveillance Tool to Fight Money Laundering

February 21, 2020 by Anthonia Isichei at Altcoins

European-based cryptocurrency exchange platform, Coin Field, partnered with blockchain analysis startup, Chainalysis, to integrate the Chainalysis Know-Your-Customer (KYT) surveillance tool to monitor crypto transactions. Meanwhile, the coming of the AMLD5 into effect means that crypto exchanges in Europe would be faced with more compliance requirements. CoinField Keen on Combating Money...

Shopify Becomes Latest Member of Facebook Libra Association

February 21, 2020 by Anthonia Isichei at Altcoins

E-commerce giant, Shopify, has become the newest member of the Libra Association, following the departure of some members. While this may be a win for Facebook's Libra Association, the status of the Libra stablecoin remains cloudy. Libra Association has a New Entrant Shopify took to its blog on Friday, February...

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