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Mercado Livre Bans Cryptocurrency Listings Following $750 Million Investment From Paypal

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Cryptocurrency listings have been prohibited from publication on Mercado Livre, also known as Free Market, following a $ 750 million investment into the platform from Paypal. Just prior to the announcement, more than 10,000 listings relating to virtual currencies were identified on the platform.

Also Read: Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Latin America’s Largest Marketplace Bans Crypto Asset Listings

Mercado Livre, the largest Latin American e-commerce marketplace by number of visitors, has prohibited the listing of advertisements offering the sale of cryptocurrencies on the platform. The news comes shortly after it announced that Paypal had purchased $ 750 million worth of shares in Mercado Livre.  Read more...

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Why Africa Continues to Lag Behind in Cryptocurrency Adoption

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Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Africa continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent.

Also read: Report: 87% of Crypto Exchanges May Be Falsifying Volume  Read more...

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8 Useful Browser Extensions for Cryptocurrency Users

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8 Useful Browser Extensions for Cryptocurrency Users

Extensions, also known as plugins, provide a one-click way to customize your web browser. From filtering out offensive words to blocking unwanted ads, there’s a browser extension for that. Cryptocurrency users have a particular need for plugins to enhance their privacy, perform crypto payments in-browser, and check market prices. Whether you use Chrome, Brave, Firefox, Safari, or Opera, some of the following extensions may come in handy.

Also read: Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents  Read more...

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These Cryptocurrency Exchanges Offer Futures Markets on Unreleased Tokens

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These Cryptocurrency Exchanges Offer Futures Markets on Unreleased Tokens

Officially, Cosmos atoms have yet to reach a cryptocurrency exchange, and until the Cosmos network votes to approve their listing, atoms aren’t tradable anywhere. Unofficially, you can buy and sell Cosmos tokens on half a dozen exchanges already, where the spot prices differ wildly. Welcome to the world of cryptocurrency derivatives, where futures markets can be found for scores of unreleased tokens.

Also read: New Tasking Platform Lazyfox.io Rewards Users With Bitcoin Cash  Read more...

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Canadian Capital Market Regulators Mull New Cryptocurrency Rules

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Canadian Capital Markets Regulators Mull New Cryptocurrency Rules

Capital market regulators in Canada are planning to establish new rules to curb the risks associated with cryptocurrency trading platforms. This follows the sudden death of Gerald Cotten, founder and chief executive officer of crypto exchange Quadrigacx, which led to about $ 145 million in frozen or missing cryptocurrencies.

Also read: Bitcoin Exchange Gatecoin Shuts Down Citing Financial Difficulty

Tailored Requirements for Crypto Exchanges

In a joint new consultation paper on March 14, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) spoke of the need to come up with tailored requirements to address the “novel features and risks” of digital currency exchanges.  Read more...

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UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency

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British Regulator: 3% of UK Consumers Surveyed Had Bought Cryptoassets

The U.K.’s Financial Conduct Authority (FCA) published two reports on consumer attitudes and awareness to crypto assets in the country. The research includes qualitative interviews and a national survey of 2,132 British consumers.

Also Read: In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina

3% of Brits Report Buying Crypto Assets

The number of consumers who reported buying cryptocurrencies in the national survey stood at just 51. From this, the FCA estimates that only 3 percent of Brits have ever bought crypto assets. Of those who reported buying crypto, around half spent under £200 ($ 263) and a large majority of those said they had financed the purchase with their disposable income and not with borrowed money. 50 percent reported to have spent their money on BTC, 34 percent chose ETH, and 20 percent invested in BCH, LTC and XRP.  Read more...

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Major Cryptocurrency Events to Keep an Eye on in March

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March is slated to be a very active month for upcoming crypto events, with a number of major blockchain projects launching testnets and mainnets. These launches are something every investor should actively monitor, as pre-launch rallies have been fairly common in recent months. Here are some of the major upcoming events in March: Insolar (INS) – […]
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Indian Government Confirms Cryptocurrency Regulation in Final Stages

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Indian Government Confirms Cryptocurrency Regulation in Final Stages

The government of India has told the country’s supreme court that the committee tasked with drafting crypto regulation is in the final stages of deliberations. The court plans to hear the petitions against the banking ban by the central bank after the government produces crypto regulation.

Also read: Indian Supreme Court Gives Government 4 Weeks to Produce Crypto Regulation

Crypto Regulation in Final Stages

The Indian supreme court briefly heard the crypto case on Monday. Lawyer Jaideep Reddy of Nishith Desai Associates was at the court representing the Internet and Mobile Association of India (IAMAI) in its writ petition against the crypto banking ban by the central bank, the Reserve Bank of India (RBI). He told news.Bitcoin.com on Friday that “The matter was heard for a very short period of time,” elaborating:  Read more...

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Cryptocurrency Accounts for Less Than 2% of All Japanese Money Laundering Cases

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Money Laundering Cases With Cryptocurrency Less Than 1.7% of All in Japan

Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and other traditional financial institutions.

Also read: Platform for Crypto Payments to Bank Accounts Launching in the UK

Most Instances Involve Banks and Credit Card Companies

The number of cases of suspected money laundering linked to cryptocurrencies reported in Japan surpassed 7,000 last year, the Japan Times reported, quoting the National Police Agency. The figure represents a 10-fold increase in comparison with the 669 cases registered between April and December of 2017, when crypto exchange operators were obliged to report suspicious transactions that may be linked to the movement of illicit funds.  Read more...

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35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks

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35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks

The Financial Action Task Force has finalized its requirements for the supervision and monitoring of cryptocurrency service providers. The inter-governmental body has reportedly urged all of its 35 member countries to regulate crypto exchanges in the same manner they regulate commercial banks.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

Regulating Like Commercial Banks

Supervision standards for cryptocurrency exchanges were discussed at a Financial Action Task Force (FATF) meeting which took place in France on Feb. 22. Business Korea reported South Korea’s top financial regulator, the Financial Services Commission, describing on Tuesday after attending the meeting that the FATF will tighten the supervision standards on cryptocurrency exchanges. The publication elaborated:  Read more...

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Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This Year

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Putin’s Order: Russia to Adopt Cryptocurrency Regulation by July This Year

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval  Read more...

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US ETF Ruling to Inform South Korean Cryptocurrency Market

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Local media has reported that a South Korean exchange is waiting for regulators in the United States to make a ruling regarding the highly anticipated Vaneck cryptocurrency exchange-traded fund (ETF) before determining its stance pertaining to virtual currency ETFs.

Also Read: Markets Update: Altcoins Gain on BTC

Exchange Awaits US Ruling to Develop ETF Policy

A report published by The Korea Herald has asserted that officials at a South Korean exchange are waiting for United States lawmakers to establish a precedent regarding cryptocurrency ETFs. The report quotes an anonymous source claiming to work as an official at South Korea’s main bourse operator, Korea Exchange.  Read more...

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Report: ‘The State of Stablecoins’ Maps the Growth of Fiat-Pegged Cryptocurrency

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Report: The State of Stablecoins Maps the Growth of Fiat-Pegged Cryptocurrency

A new report published this week shines a light on the stablecoin ecosystem. Authored by George Samman and Andrew Masanto in conjunction with Amazix, the report traces the rise of digital currencies against a backdrop of high inflation in 16 countries. The report claims these conditions will create a need for fiat-pegged digital currencies that aren’t beholden to the volatility of local currency in inflation-hit nations.

Also read: Company Evades SEC Penalty Despite Illegally Issuing Security Tokens  Read more...

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Cryptocurrency Exchange Exmo Opens Branch in Turkey

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Cryptocurrency Exchange Exmo Opens Branch in Turkey

Digital asset exchange Exmo, a leading crypto trading platform in Eastern Europe, has recently registered a subsidiary in Turkey. The company is setting up an office in Istanbul, the financial capital of the country situated on the Bosphorus.

Also read: Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments

Traders Offered Pairs With the Turkish Lira

The decision to establish the branch is part of Exmo’s launch in Turkey and indicates the growing significance of the Turkish crypto market in the region. The cryptocurrency exchange already has offices in the Russian Federation, Ukraine, Spain and the United Kingdom.  Read more...

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How to Use Cryptocurrency to Send Money Abroad

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A Beginner's Guide To Getting Started With Sending Money Abroad Using Crypto

The global remittance industry is huge. World Bank data shows that over $ 148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity. As the people in Venezuela are discovering, this can be cheaper, faster and simpler with bitcoin and other cryptocurrencies. Here are four ways to send money abroad using crypto. 

Also read: Everything You Should Know About Bitcoin Address Formats   Read more...

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Coinbase Acquires Cryptocurrency Surveillance Company Neutrino

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Coinbase Acquires Cryptocurrency Surveillance Company Neutrino

Coinbase has acquired the cryptocurrency surveillance company Neutrino, whose team will be joining the American exchange’s European operation. The Milan, Italy-based startup develops blockchain intelligence platforms for crypto companies as well as law enforcement agencies.

Also Read: Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

Coinbase Acquires Neutrino

Coinbase, the San Francisco-based cryptocurrency exchange, announced on Feb. 19 that it has acquired Neutrino, which it described as a blockchain intelligence platform. The team of blockchain engineering and security experts will join the exchange’s workforce, and Neutrino will continue to operate as a standalone business based out of Coinbase’s London office.  Read more...

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Indian Government Inaugurates National Cryptocurrency Forensic Lab

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Indian Government Inaugurates National Cryptocurrency Forensic Lab

The government of India has inaugurated a national cyber forensics lab which includes a cryptocurrency forensic lab to perform crypto-related analyses. Alongside this is the inauguration of the Delhi Police’s cybercrime unit which will deal with fraud involving cryptocurrencies. It is the first cybercrime awareness and detection center in the country, according to a commissioner.

Also read: Indian Blockchain Summit Draws Policy Makers to Speed up Crypto Regulation

Indian Government’s Crypto Forensic Lab

India’s Union Home Minister Rajnath Singh inaugurated a national cyber forensic lab and the Delhi Police’s cybercrime unit called the Cyber Protection Awareness and Detection Center (Cypad) on Monday, The Hindu reported.  Read more...

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In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFD

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In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFD

In the first edition of The Daily this weekend, we focus on a study estimating that 13 percent of people have used digital coins for payments. We also look at the latest financial report from Nvidia indicating losses due to falling demand for chips used in cryptocurrency mining. Lastly, a broker suspends its crypto CFD offering.

Also read: Coinbase Bug Bounty, Tradingview Crypto Dashboard, Bitfinex App Update

Report: 1 in 10 People Use Cryptocurrency for Payments

The popularity of cryptocurrency as a payment method has been increasing despite the falling price of digital assets over the past year. According to a recent study conducted by cybersecurity company Kaspersky Labs, 13 percent of those surveyed have already used crypto to make purchases.  Read more...

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Mobile Gifting Platform Swych Announces Cryptocurrency Support

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Mobile Gifting Platform Swych Announces Cryptocurrency Support

On Feb. 15, the Dallas-based mobile gifting company Swych announced it will be accepting cryptocurrencies for payments. Starting next week, instead of using traditional payment processors, Swych users will be able to pay using decentralized digital assets such as BCH, LTC, ETH, BTC, and ETC.

Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations  Read more...

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