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LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice

News Popular Bitcoin (BTC) exchange platform LocalBitcoins is allegedly suspending user accounts with little fanfare, citing an “enhanced due diligence process.” Finland-based LocalBitcoins, one of major global peer-to-peer (P2P) crypto exchanges, has reportedly suspended user accounts in some cou..

Deribit Releases Specifics of New KYC Policy Following Move to Panama

News Deribit, a crypto futures and options exchange that is moving from the Netherlands to Panama to avoid Europe’s new Anti-Money Laundering law has released its newly updated Know Your Customer (KYC) policy. In a Jan. 17 blog post, Deribit clearly said that its relocation to Panama has been main..

Six Major Central Banks to Collaborate on Digital Currency Research

News The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published by the Bank of England on Jan. 21..

After BottlePay, Two More Crypto Firms Shut Down Due to Upcoming EU Rules

News After BottlePay’s shutdown announcement last week, two more European cryptocurrency firms have shut down because of the upcoming Anti-Money Laundering (AML) rules in the European Union. Online crypto gaming platform ChopCoin and mining pool Simplecoin both announced that they are shutting dow..

Crypto Gains New EU Stronghold as Sweden Approves Swiss ETP Startup

News Swiss cryptocurrency financial firm Amun AG has gained permission to offer its products to retail clients in the European Union. In a press release issued on Dec. 10, Amun confirmed it had received approval for a base prospectus it filed with Sweden’s finance regulator, the Swedish Financial ..

EU Won’t Let Stablecoins Enter Market Until Risks Are Addressed

News No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities. In a joint statement adopted by the Council of the European Union and the European Commission (EC), the Council and the C..

Bitcoin ‘Is Not Real,’ Says Former European Central Bank Chief

News Bitcoin (BTC) lacks the characteristics of a currency and is purely speculative, according to the European Central Bank’s former president Jean-Claude Trichet. Chinese news outlet South China Morning Post reported on Nov. 10 that Trichet made remarks at Caixin’s conference in Beijing. “I am s..

European Union Drafts Law Suggesting Consideration of Eurocoin

News A draft document issued by the European Union suggests that the union should consider issuing its own digital currency. Will the EU wage war on crypto?Reuters reported on Nov. 5 that the draft in question — which is still subject to amendments — urges member states to develop a common approac..

Five European Union Countries Team Up to Block Libra: Report

News Five European Union member countries have reportedly teamed up to prevent the issuance of Facebook’s stablecoin Libra. Private meetings to turn EU against LibraFollowing a series of private meetings in October, France is reportedly leading the anti-Libra effort with Germany, Italy, Spain and ..

CME’s BTC Index Provider CF Benchmarks Wins EU License

News CF Benchmarks, CME Group’s Bitcoin (BTC) index provider, received a benchmark license under the European Benchmarks Regulation (EU BMR). On Sept. 13, CF Benchmarks’ official Twitter account announced that the firm received its license from the United Kingdom’s Financial Conduct Authority (FCA..

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