Facebook Begins Its Campaign for Regulatory Approval in Switzerland 

Facebook is moving ahead with its Libra stablecoin, as the social media company has been reported to be seeking a payment license from the Swiss financial regulator.  Yesterday, the Libra Association (the consortium of partners overseeing the stablecoin project) announced that it would be sending an application to the Financial Market Supervisory …

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Cryptocurrencies are “Opening New Doors” for Thousands in Cuba amid Sanctions

The use of cryptocurrencies as a means of transcending the restrictions set by traditional establishments has long been documented in several countries around the world.  Adding to the long list of crypto being used to evade barriers, news medium Reuters recently reported how Cubans have been able to use Bitcoin trading and other …

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Treasury Department Sanctions Suspected North Korean Hacker Groups

The United States Treasury Department has announced that it will be imposing further sanctions against several hacker groups which have been repeatedly linked to the government of North Korea, citing their contributions to the country’s “malicious cyber activity on critical infrastructure.” Late last week, the Department of Treasury published a press release announcing the …

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The Petro Experiment Might Not be Doomed Just Yet

The Bank of Venezuela, Venezuela’s largest banking institution, has provided support for Petro, the digital asset sponsored by the country’s government.  Late last week, tech news medium Decrypt reported the development, claiming that the bank has provided a new section on its online banking platform that’s dedicated to cryptocurrencies.  As at press time, the …

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Colombian Regulations Need to Make Some Space for Bitcoin

Just like several other countries in the world, Colombia doesn’t have a clear regulatory guideline on digital currencies. Crypto firms and traders enjoy no legal protection and can’t claim to have legal status in the country. Some lawmakers are trying to shake up the status quo and make Colombia a crypto-friendly nation. …

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Investor Points to Liquidity Insufficiency as Catalyst for Crypto Adoption

In a piece for news medium Forbes Magazine, Clem Chambers, the chief executive of investment and stock trading platform ADVFN, expressed his belief that a lack of sufficient liquidity will eventually drive the adoption of cryptocurrencies.  Chambers put several crises in perspective in his piece, beginning by comparing the global cash flow crisis that …

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Florida Businessman Embezzled Funds to Pay His Gambling Debts

A Florida businessman who solicited over $20.5 million from investors from his coupon app is facing scrutiny from US regulators. However, the Securities and Exchange Commission (SEC) suggests that he embezzled those funds to pay off his gambling debts. Groupon competitor loses it all The Gerald C. Parker is based in Palm …

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