Hong Kong Slams Door on Retail Trading — Plans to Regulate Cryptocurrency Markets

by Richard Kastelein In a massive crackdown on fraud and money-laundering, Hong Kong has announced a ban on the retail trading of digital currencies, and will now for all cryptocurrency exchanges to be licensed under new regulations. The new regulations will allegedly bring down the hammer on a massive amount of unregulated …

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Dutch Central Bank Registers First Cryptocurrency Provider Amdax B.V. — Under European Guideline AMLD5

by Richard Kastelein Based in the heart of the Netherlands financial world, Amsterdam-based Amdax B.V. has been given a green light and officially registered by De Nederlandsche Bank (DNB) as the first provider of cryptocurrency services in the Netherlands. The registration will allow AMDAX to process crypto transactions and store cryptocurrencies. The …

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Seven Celebrities That Allegedly Use and Invest in Cryptocurrencies Daily

by Staff If you thought that the “cryptocurrency world” was only limited by nerds, then let us open your eyes with this list. To our surprise, we have found more than 100 celebrities that use and invest in cryptocurrencies  They have diverse reasons for it, but something that all of them have …

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Kik Kicks Back at SEC in Final Judgement – $5 Million Fine & Final Judgement Reached

by Richard Kastelein Shortly after the court granted the US Security and Exchange Commission’s (SEC) motion for summary judgment, holding that, undisputed facts in the case established that Kik Interactive, Inc. (“Kik”)’s sale of Kin constituted an unregistered offering of securities that did not qualify for any kind of exemption from registration, …

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KingSwap, The First Regulated DeFi Project , Raises $20 Million in Funding and Liquidity Support — Announces Public Launch on Uniswap

by Richard Kastelein KingSwap, who claims to be the first regulated DeFi project to introduce a liquidity pool platform with fiat conversions has raised over $20 million in funding and liquidity support. KingSwap’s high-yield liquidity platform offers extensive staking rewards and digital collectables. “At KingSwap, we’re committed to doing DeFi the right …

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Societe Generale Cuts Deal With Blockchain Behemoth ConsenSys To Back Its Central Bank Digital Currency Experiments With Technology, Expertise and Strategy

by Richard Kastelein Societe Generale – Forge, the digital capital markets platform of the Societe Generale Group, has chosen one of Blockchain leading companies ConsenSys to provide technology and services as part of its ongoing Central Bank Digital Currency (CBDC) pilot activities. Jean-Marc Stenger, CEO of Societe Generale – Forge, noted: “We are pleased …

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Cashaa And UNICAS to Open First Crypto-Friendly Bank Branches in India, Transforming UNICAS’ Banks into Crypto Lounges

by Richard Kastelein Well-known cryptocurrency bank Cashaa is teaming up with The United Multistate Credit Co. Operative Society (UNICAS) as part of its India expansion plan. The two companies will soon build the world’s first crypto-friendly financial institution with physical branches and operations globally, starting in India. They plan to transform existing …

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