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The official Youtube channel of the South Korean government has been hacked on Saturday and those who did it, broadcasted a cryptocurrency-related clip. The video also featured billionaire and crypto enthusiast Elon Musk, local media reported quoting sources in Seoul. Hackers Air Interview With Musk via Korean Government’s Youtube Account The official Youtube channel of … Read more
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts. Portuguese Crypto Firms Hit by Bank Account Closures Portugal, a leading European crypto hub, … Read more
Clients of BBVA Switzerland will be able to buy, store, and trade crypto assets with a digital account that comes with a cryptocurrency wallet. The new banking product will be available across the European Union as well as in a number of markets in South America. BBVA Switzerland Account Facilitates Cryptocurrency Investments The Swiss subsidiary … Read more
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend overnight services at 19 other ATM locations … Read more
Brazilian cryptocurrency exchange Bitcoin Max has won in court the right to keep its checking account with Banco Santander. According to the presiding judge, the bank has not met its obligation to notify the crypto company of the closure in advance. Also read: Hacked NZ Exchange Cryptopia Allowed to Reopen Closing of Account Deemed … Read more
Platforms providing traders with the opportunity to exchange cryptocurrencies have increasingly started to apply registration requirements. In many cases, these are justified on the basis of newly introduced KYC and AML regulations. Thankfully, there are still exchanges that allow users to swap digital coins without requiring a verified account. Also read: Coinsquare Lays off 40 … Read more
Wirex on Friday announced it had introduced International Bank Account Numbers (Iban) on its Euro accounts for customers in Spain and France. The bitcoin and cryptocurrency wallet firm also doubled account thresholds for users within the 31-member European Economic Area (EEA) to between $18,560 and $20,000, meaning customers can credit their accounts by that much. … Read more
Cryptocurrency wallet and exchange, Abra, has announced the launch of support for customers holding Single Euro Payment Area (SEPA) bank accounts. The move allows the citizens of the 28 member states of the European Union, four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and Andorra, Monaco, and San Marino, … Read more
A system to guarantee the investments in initial coin offerings (ICO) is being built in Russia by Globex, a commercial bank subsidiary of the state-owned VEB bank, and the Russian Association of Cryptocurrency and Blockchain. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten System of Guarantees “The first system of guarantees for investments … Read more
Over 40 companies in South Korea are participating in cryptocurrency self-regulation. Among them are 14 exchanges which have agreed to implement self-regulatory measures; they include Bithumb, Coinone, and Korbit. This announcement came just one day after the Korean government released its emergency crypto regulation. Also read: South Korea Clarifies Position After Reports of Possible Ban on … Read more
