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China adds crypto mining to ‘negative list’ draft for market access

China has filed the cryptocurrency mining industry in its drafted ‘negative list’ for market access. The list outlines several industries that investors both local and foreign are not allowed to participate in.   When a specific business, sector or industry is on the negative list, these are either completely banned or have limitations to those who …

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Brazil to adopt harsher penalties for crypto crimes with a new bill

In an official announcement on October 6, Brazil’s Special Committee of the Chamber of Deputies aims for stricter regulations against crypto-related crimes through a new bill. The new piece of legislation includes penalties enforcing longer prison time for those found guilty of money laundering via cryptocurrencies, along with a larger fine. These recent regulatory amendments …

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US Bank launches crypto custody service for institutional clients

To keep up with the ever-growing crypto demand, United States’ fifth-largest retail bank US Bank announces its cryptocurrency custody service on October 5, 2021. The services are now live and available to use for their Global Services Fund clients, allowing institutional investors to store private keys for digital assets like Bitcoin, Bitcoin Cash and Litecoin. …

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Direct payroll deposits soon to launch on Coinbase

Coinbase, one of the largest US-based crypto exchanges, recently included a new feature in its platform allowing users to deposit a portion of their paychecks directly into their online accounts.  In a blog post on the official Coinbase website, the exchange announced its plans of entering the future of payroll’. This feature would give employers …

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CoinEx to remove user accounts from Mainland China in October

CoinEx cryptocurrency exchange is winding down its business in Mainland China as the country’s crackdown on crypto intensifies, according to Cointelegraph. On September 30 2021, the exchange formally announced that the company is retiring all user accounts verified as Mainland China residents. Users with mobile phone numbers linked to the country will be removed from …

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Luno exchange: The perfect trading platform for beginners

As the popularity of cryptocurrency steadily increases, more and more crypto exchanges are beginning to emerge. Each one offers special features that attract crypto traders and investors. One platform currently rising in popularity, especially with beginners, is Luno. Continue reading here at Cryptoshimbun to learn more about this crypto exchange! What is Luno? Launched in 2013 …

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Binance to exit Singaporean crypto market amid crackdown

Singaporean crypto investors can no longer use the main platform of Binance for crypto trading by October 26, 2021. The announcement made by the company last September 6 was made days after Singapore’s central bank demanded that Binance stop offering its payment services.  Upon the deadline, crypto investors in Singapore can no longer deposit fiat …

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China crackdown outlaws all crypto activities in the country

The People’s Bank of China announced on Friday, September 24 that all crypto-related transactions will be considered illicit financial activity by the state. This blanket ban on trading and mining by the government is the toughest blow yet to the Chinese crypto industry. Banned crypto trading activities also include off-shore exchanges according to the financial …

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Bank of Russia to curb rash crypto buying with delayed payments

As the interest for cryptocurrency investments continues to grow in Russia, the Central Bank of Russia (CBR) has advised domestic banks to delay payments made to crypto exchanges. First deputy chairman of the CBR Sergei Shvetsov stated that the move aims to curb emotional crypto purchases made by unqualified Russian investors.  He expressed deep concerns …

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Walmart denies phony press release; sends LTC prices tumbling

Hours after the release of a statement claiming Walmart will soon be supporting cryptocurrency payments, the company denied the authenticity of the supposed news. Published at around 9:30 am on September 13 on the Globe Newswire Platform, the article said that Walmart would accept Litecoin through its digital stores.   When legitimate news outlets caught wind …

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