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Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of … 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
The European Union has come in for criticism over its repeated attempts to regulate the web. Critics assert that waves of EU legislation are suppressing free expression, impairing the user experience and, most heinously, “killing memes”. The solution, for those who take this view, would appear to be simple: don’t hate on the EU – … Read more
The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 10, Part 4 Crypto and the New Cold War History is written by the victors. -Winston Churchill Success is a great deodorant. -Elizabeth Taylor The winning side of a war writes the narrative; politicians, cultural leaders, educators, and the media create … Read more
US-based cryptocurrency exchange Bittrex is reportedly launching a crypto exchange in Malta at the beginning of next month. Bittrex says the new platform will allow them to list coins “a lot faster.” It will operate within the regulatory framework established by the European Union and the Maltese government. Also read: 160 Crypto Exchanges Seek to Enter … Read more
If you’re reading these words from within the European Union, you may have had to first check a box confirming your consent. Ever since the EU’s GDPR law came into effect, the internet has become a minefield of opt-in forms. With the passing of the controversial Articles 11 and 13 this week, the web looks … Read more
New draft regulatory framework for crowdfunding represents an “opportunity” for “ICOs that want to prove their legitimacy,” says EU lawmaker Go to Source Powered by WPeMatico
An EU study claims that the international nature of the cryptocurrency markets is a challenge for European regulators because many players, especially miners, are outside their reach. The researchers also expect that bank-issued coins could reshape the balance of power among cryptos, with commercial banks using underhanded tactics to stifle the competition. Also Read: The … Read more
Trade finance is a complex and tedious process that involves a large number of participants. With the risks involved being quite high, especially in international trade finance, banks have stepped in to mitigate them through various products such as letters of credit and bank guarantees. This industry is long overdue for a blockchain revolution, according … Read more
A recent report published by the European Parliament advises policymakers and regulators not to ignore cryptocurrencies or attempt to ban them. It discusses how crypto should be treated, their taxation, as well as their potential impact on financial systems and central banks’ monopolies on money issuance. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
