Archives for: May 9th, 2022

Japan has its first-ever car dealership that accepts cryptocurrency payments

Written by: ( May 9, 2022 )

SBI Motor Japan, a division of SBI Africa Co. Ltd., has announced that customers can now pay for used cars with Bitcoin (BTC) and Ripple (XRP). It’s the first time that XRP has been deployed on a Japanese cross-border eCommerce site. SBI VC Trade Co. Ltd, a cryptocurrency exchange that belongs to the SBI Group, […]

Binance could soon receive a license to operate a cryptocurrency exchange in France

Written by: ( May 5, 2022 )

People familiar with the matter stated that Binance Holdings is poised to receive regulatory approval from France. The largest cryptocurrency exchange by trading volume, this would allow it to expand its operations in Europe. Binance is currently in final negotiations with the financial supervisory body ACPR and the markets authority AMF regarding a registration for […]

Quickbit launches first cryptocurrency debit card in Sweden

Written by: ( May 4, 2022 )

Quickbit, a Swedish cryptocurrency company, has launched a debit card in the country. The announcement was made on Tuesday. Intergiro issued the card as a Visa card, which allows users to make payments using their app for euro accounts. Hammad Abuiseifan, the CEO of Quickbit, called the launch a “significant milestone” in the company’s young […]

Telegram now allows users to send, trade Bitcoin

Written by: ( May 2, 2022 )

Telegram, with more than 550 million active users, has decided to let its customers send and receive crypto. The instant messaging app allows users to make cryptocurrency payments from their chats. According to a tweet from The Open Network (TON Foundation), users can now send and get Bitcoin (BTC) and Ton Coin. A short video […]

Brazil Senate approves bill to regulate cryptocurrency

Written by: ( April 29, 2022 )

Brazil’s Senate has approved a bill that would regulate cryptocurrencies in the country. The proposal, which provides guidelines for the “provision of virtual asset services,” must now be approved again by Deputies. The Plenary of the Senate approved the regulation of the national cryptocurrency market this past Tuesday. The text now heads to the Chamber […]

Panama moves a step closer to regulating the cryptocurrency market

Written by: ( April 27, 2022 )

Panama is working to regulate cryptocurrency assets, as well as the businesses that use them. The first step towards that goal was taken by the National Assembly of Panama this week. In the first debate, the institution approved a cryptocurrency law project called “Law that regulates the commercialization and use of crypto assets, the issuance […]

Ukraine no longer allows cryptocurrency purchases through local currency

Written by: ( April 25, 2022 )

New restrictions have been imposed by the National Bank of Ukraine on cross-border transactions. These restrictions temporarily ban cryptocurrency purchases made with local currency. Since the invasion of Ukraine by Russia, martial law has been in effect. Although it is currently in force, it is just part of a wider strategy to keep capital within […]

The EU considered a ban on cryptocurrency trading to support mining ban

Written by: ( April 22, 2022 )

According to documents obtained by a Freedom of Information request, European Union (EU) officials debated banning Bitcoin (BTC) trading. The topic was part of a debate about a proposal to ban proof-of-work (PoW) cryptocurrencies, according to documents. Netzpolitik, a German digital culture organization, published a report that suggested that EU officials considered the ban in […]

Robinhood buys cryptocurrency firm in the UK to push its global expansion

Written by: ( April 20, 2022 )

After exiting the country two years ago, Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the UK-based crypto asset firm Ziglu. Robinhood announced Tuesday that it had reached a deal with Ziglu, subject to regulatory approvals. A Robinhood spokesperson said in the announcement that long-term, Ziglu will be integrated more […]

Ethereum network forced to delay upcoming “Merge” upgrade

Written by: ( April 18, 2022 )

The ETH 2.0 upgrade caused a storm in the investor community, which was both excited and concerned about their Ethereum investments. The Ethereum developers promised that they would provide the best possible services and modern upgrades to the network. One of those promised upgrades is going to be delayed. The software developers at Ethereum announced […]