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Tag Archives: Local

More Money, No Problems for the NHS and Local Government as Digitisation Brings the Two Together

The government will make available an additional £394 million every week for the NHS, with the aim being to cut waste, improve survival rates for cancer patients and deliver better mental health services. The extra money will certainly boost service provision, but to effectively meet these targets, the NHS needs to embrace digital technologies, and fast. The latest research shows ...

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Local Crypto Exchanges are Circumventing India’s New Bitcoin Ban, Here’s How

According to Coindelta co-founder Shubham Yadav, cryptocurrency exchanges in India can no longer process fiat-to-crypto trades and have shifted their business model to crypto-to-crypto trading. Central Bank’s Ban on Crypto Stands In April, CCN reported that the Reserve Bank of India, the country’s central bank, first imposed its ban on cryptocurrency trading, effectively disallowing local banks from providing banking services ...

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Bank of Korea Says Crypto Investment Poses ‘Insignificant’ Risk to Local Financial Market

According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1.79 billion as of Dec. 2017, local news outlet Yonhap reported Friday, July 5. The BOK’s report considered the $1.79 billion (2 trillion won) figure to be relatively low, as it is equivalent to around 8 percent of ...

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16 Arrested in Monero Cryptojacking Case, Local Media Report

Japanese prosecutors from 10 prefectures have arrested 16 individuals suspected of involvement in an ongoing criminal case of cryptojacking, local news outlet The Asahi Shimbun reports June 15. Cryptojacking is the practice of using unsuspecting users’ processing power in order to mine cryptocurrency for the attacker. According to the report by Asahi Shimbun, the arrested individuals are suspected of installing ...

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Crypto Exchange Binance Launching $1 Billion Venture Capital Fund: Local Reports

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Binance, one of the world’s largest cryptocurrency exchanges, will launch a $1 billion venture capital fund designed to incubate blockchain projects, local media outlets have reported. According to Hong Kong-based news outlet China Money Network, Ella Zhang — head of Binance Labs — announced the fund this ...

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EU Approves AML Legislation Targeting Anonymity In Crypto Market, Local Sources Report

The European Union approved new anti-money laundering (AML) legislation in part targeting in cryptocurrency today, May 14, local news outlets report. According to Spanish news outlet La Vanguardia, today the 28-member bloc formally ratified the new legislation, which the European Parliament had approved last month. The new rules will reportedly be published in the Official Journal of the EU and ...

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UpBit Raided by Local Police for Fraud

South Korea’s largest cryptocurrency exchange, UpBit, was raided by ten investigators and local police for alleged fraud this morning. Chosun, a local news source, was the first to report on the incident. Upbit is currently the fourth largest cryptocurrency exchange in the world by 24-hour trade volume. The company has responded saying that all customers’ assets kept on their platform are ...

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South Korea’s Biggest Cryptocurrency Exchange Raided by Local Police

Join our community of 10 000 traders on Hacked.com for just $39 per month. UPbit, South Korea’s biggest cryptocurrency exchange, was investigated by local police and 10 investigators after its headquarters in Seoul were raided. Chosun, the country’s biggest mainstream media outlet, reported that the South Korean authorities are suspecting UPbit of illicitly moving customer funds to the account of ...

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India To Get 30% Discount On Venezuelan Crude Oil If Paid For In Petro, Says Local Source

Venezuela will give India a 30 percent discount on crude oil, but only if India uses the state-issued Petro coin, according to an article published yesterday, April 29, from local Indian news outlet Business Standard. News about the discount comes from crypto exchange Coinsecure CEO Mohit Kalra, who told Business Standard that the offer had been put forward by a ...

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Iran Is Moving Ahead With Local Cryptocurrency Development Despite Crypto Ban

Despite last weeks ban on the cryptocurrency market by central banking authorities, Iran is still moving ahead with plans to develop an experimental local coin, according to a government minister. Just last week Iran’s central bank prohibited banks in the country from dealing in cryptocurrencies, citing fears of associated money laundering. In related financial news, Iran moved this month to formally ...

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