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Switzerland-based Crypto Finance AG and Mt Pelerin conducted the first automated bitcoin transaction in accordance with the requirements of the Financial Action Task Force on Money Laundering (FATF) and the Swiss regulator FINMA. The software for the operation was provided by the 21 Analytics solution provider. To complete the transaction worth $ 23 in cryptocurrency, […]...
The most popular cryptocurrency, Bitcoin (BTC), climbed to a new annual high in the early hours of Monday (UTC time), surpassing all but one coin in the top 10. At pixel time (03:33 UTC), BTC is trading at $ 12,037 and is growing 2.3% in a day and nearly 8% in a week. It hit […]...
Swiss cantonal bank Basler Kantonalbank becomes the first bank in Switzerland to announce its crypto plans. Basler Kantonalbank, or BKB, a government-owned commercial bank in Switzerland, is planning to launch cryptocurrency services through its banking subsidiary. According to an Aug. 3 report by local news agency Finews, BKB’s subsidiary and a national banking group, Bank […]...
US banks can now offer crypto custody services. The Office of the Comptroller of the Currency (OCC) has decided to allow all nationally chartered American banks to provide custody services for cryptocurrencies. In a public letter dated July 22, Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a […]...
President Vladimir Putin said the Russian authorities should take more active measures to digitize the economy and high-tech industries in order to “expand the horizons of development” and “create a new structure for our economy.” So he responded to the speech of Deputy Prime Minister Dmitry Chernyshenko, who oversees the development of the digital economy, […]...
The capital gains tax on operations with cryptocurrencies in South Korea can be up to 20%. This was the opinion of representatives of the private sector during the discussion about legislative initiatives of the country’s authorities, writes Cointelegraph with reference to local media. Proposed changes to existing legislation treat crypto assets as goods, not currencies. […]...
