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Tag Archives: Local

New Zealand Government Issues $330,000 Grant to Local Bitcoin Startup

Twitter Facebook Auckland-based cryptocurrency savings and trading platform Vimba has gotten a $330,000 grant from a government entity Callaghan Innovation. Lauding the largesse of the grantor, Vimba CEO Sam Blackmore commended Callaghan Innovation for its belief in the startup. “This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of this very ...

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Two Brazilian Banks Reopen Accounts of Local Crypto Exchange to Avoid Fines

Two major Brazilian banks have reopened the banking accounts of one of the local crypto exchanges experiencing banking issues recently, local crypto outlet Portal do Bitcoin reports Wednesday, Oct. 31. The preliminary decision to reopen accounts in major banks Banco do Brasil and Santander Brasil for local crypto exchange Bitcoin Max was granted by the Federal District Court. The  judge ...

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Kenyans Pay Local Restaurant Bitcoin for Meals and Classes on Cryptocurrency

Mount Kenya provides visitors with a picturesque appeal reminiscent of the ambiance in a world of utopia. Beyond the charm and aura lies a tech-savvy Kenyan restaurant that has incorporated cryptocurrencies for facilitating payment. Betty’s place puts its culinary skills into effective use in “nyama choma,” a tantalizing goat meat barbeque that many Kenyans savor. Situated in the rural town ...

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Japanese Financial Watchdog Grants Self-Regulatory Status to Local Crypto Exchanges

Japan’s Financial Services Agency (FSA) has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee the space, Cointelegraph Japan reports Wednesday, Oct. 24. The FSA expects the self-regulatory body to set rules to protect customers’ assets, elaborate on anti-money-laundering (AML) policy, and give working guidelines to crypto exchanges. An unnamed FSA official ...

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Singapore: Local Regulator to Aid Blockchain Startups, Multi-Fiat-Crypto Exchange Launched

Although the United States has been seen as a founding father of modern technologies, other nations like Singapore, Malta, Switzerland are leading the crypto and blockchain revolution. These may not be locations that many would initially suspect to be “innovation capitals”. Singapore Aims To Bolster Local Crypto Economy Through Regulatory Support A setback that many crypto startups face today is ...

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IBM, Azeri Central Bank Cooperate on Blockchain Development, Local Media Report

IBM and the Central Bank of Azerbaijan (CBA) will reportedly collaborate on implementing blockchain technology in the country’s economy, Central Asian-focused Trend News Agency reports October 9. Trend News Agency is an established news service provider spanning the Caucasus, Caspian region and Central Asia, with dedicated news platforms in Azerbaijani, Russian, Turkish and Persian, alongside an English-language platform The agency ...

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Ether Price Analysis: Higher Lows Could Yield Retest of Local High

After two back-to-back weeks of record-setting volume, ether finds itself situated below historic resistance and currently unable to reach its downtrend line: Figure 1: ETH-USD, Weekly Candles, Downtrend and Record-Setting Volume For months, ether has been unable to break its downward trend. And now, after having an enormous amount of buying step in, the market finds itself consolidating sideways while ...

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Mongolia Issues First Digital Currency License to Local Telecom Operator

Mongolia has taken a significant step forward toward bolstering its fintech sector, with the East Asian country’s central bank authorizing a local telecom operator to issue a digital currency under the country’s recently-passed national payment system bill. As first reported by state-owned news agency Montsame, the Bank of Mongolia on Friday issued its first-ever digital currency license to Mobifinance — ...

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