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Tag Archives: Country

Binance Co-Founder Denies Rumors of Company’s Plans to Build Blockchain Country on Private Island

Co-founder of Binance crypto exchange He Yi has dismissed the sci-fi-esque claims of a Chinese fintech media platform that his company has hatched a so-called “Genesis Plan.” The plan was to build Binance’s own blockchain-powered country on a private island, QQ News reports Wednesday, May 16. The fintech media outlet, ‘Yibencaijing,’ reportedly a reputable platform, cited “insider sources familiar with ...

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Taipei Bank Launches First Blockchain Payment System In The Country

Privately-held Taipei Fubon Commercial Bank has reportedly become the first bank in Taiwan to deploy a blockchain-based payment system, local media Taipei Times reports May 14. The bank announced that it deployed its blockchain-based payment system for restaurants and merchants near the National Chengchi University. Taipei Fubon Bank first revealed its plans to introduce a blockchain-based payment network in March ...

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Irish University Study Calls For Government Action To Promote Blockchain In The Country

The authors of a study at the National University of Ireland (NUI) Galway on the adoption of blockchain in Ireland, called on the government to promote the technology more broadly in the country, The Irish Times reported May 11. The study proposes recommendations to increase blockchain awareness and adoption, that can reportedly have a positive impact on economic growth and ...

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Citizens Use Crypto To Move $2.5 Bln Out Of Country

Iranians are increasingly turning to Bitcoin (BTC) and other cryptocurrencies in the wake of the US exit from a multilateral nuclear accord with the country this week. The news has plunged the country into economic turmoil, resulting in a surge of interest towards crypto, as Forbes reports Thursday, May 10. Mounting anticipation that the Obama-era accord would collapse has brought ...

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Defined Regulations Main Factor For Crypto Exchanges When Choosing Country

Thanks to its well-defined regulatory framework, Malta now accounts for the largest share of cryptocurrency trading volume in the world, Business Insider reports Sunday, Apr 29, citing a recent research done by the Morgan Stanley bank. A team of Morgan Stanley researchers, led by analyst Sheena Shah, has conducted a study on the distribution of cryptocurrency exchanges and crypto trading ...

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A Little Country with Big Ambition – The Merkle

Hands up, how many of you can pinpoint San Marino on a map? As one of the world’s smallest countries, we don’t often hear news out of this enclaved land. But with the lowest unemployment rate in Europe, San Marino is also one of its wealthiest nations. So perhaps it’s not surprising that this tiny republic has its sights set ...

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Iceland Bitcoin Heist Suspect Flees the Country by Plane – The Merkle

Bitcoin mining has always been an industry which attracts both legitimate operations and people with less than honest intentions. In Iceland, a group of people recently stole 600 ASIC miners, and the police launched an investigation and made several arrests. One of the suspects has now fled the country to Sweden, although it remains unclear how he escaped prison exactly. ...

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Is Japan Legalizing ICO’s? | Country Proposes Guidelines

Is Japan Legalizing ICO’s? Japan has now proposed guidelines with the view of legalizing ICOs in the country. The proposal comes from the ICO Business Research Group, a Japanese government-backed group that’s part of the Center for Rule-making Strategies (CRS). The group released a report recently that offers “rules needed to establish ICO as a sustainable financing method.” The report ...

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Chilean State Banks Closing Cryptocurrency Exchange Accounts Causes Concern Over Future of Industry in The Country

CryptoMKT, one of only three cryptocurrency traders operating in Chile, was told late last week that state lender BancoEstado was closing its account within 10 days. The news comes after other commercial lenders Scotiabank and Itaú CorpBanca made similar account closure announcements and the country’s other banks declined to accept traders as clients. Santiago-based CryptoMKT — which operates in the market with Buda and Orion — is taking ...

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Kazakh National Bank Considers Ban Of Crypto Trading, Mining In The Country

Kazakhstan’s National Bank is considering banning exchanges of cryptocurrency for the national currency, the tenge, as well as crypto mining, local news outlet Sputnik reported March 30. Daniyar Akishev, the chairman of the National Bank, said that they are “taking a very conservative approach toward the matter, and it welcomes nothing but extremely tough restrictions”, stating: “Therefore, we want to ...

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