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New Singapore law requires crypto firms to be licensed in the country

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New Singapore law requires crypto firms to be licensed in the country
The Block
 Published Few hours ago
New Singapore law requires crypto firms to be licensed in the country 
Singapore’s new payments law has come into force today and it requires all crypto businesses operating in the country to be registered and licensed. The Payment Services Act was first passed in January 2019 and is now enacted, the Monetary Authority of Singapore (MAS) announced Tuesday. It gives the regulator formal supervisory authority over payments firms, including crypto. The Monetary Authority of Singapore said the new law will strengthen consumer protection and promote confidence in the use of electronic payments. Read Full on The Block

singaporebitcoincrypto
Litecoin's Lee: Bitcoin's Lightning Network usage will rise in coming days
AMBCrypto
 Published Few hours ago
Litecoin's Lee: Bitcoin's Lightning Network usage will rise in coming days 
The Bitcoin ecosystem has been looking at the Lightning Network as a solution to its scalability problem for a long time now; the layer 2 payment protocol is known to facilitate fast transactions. In a recent interview, Litecoin‘s founder Charlie Lee spoke about Lightning Network. He noted that the lightning network would indeed help solve Bitcoin’s scalability issue. He stated, “The lightning network saves a lot on fees and enables instant transactions. I think we’ll start to see a lot more lightning network usage on Bitcoin in the coming days." Read Full on AMBCrypto

bitcoincryptoblockchain
Ukraine Plans to Track Crypto Transactions Above $1,200
CoinDesk
 Published Today
Ukraine Plans to Track Crypto Transactions Above $1,200 
Ukraine’s financial watchdog intends to track crypto transactions exceeding $1,200. For the first time, Ukrainian anti-money laundering law includes crypto as an asset to be monitored. The threshold for triggering the scrutiny process is 30,000 Urkainian hryvnia (UAH), or US$1,200. Oksana Makarova, head of the country’s Ministry of Finance told “If exchanges, exchangers, banks or other companies make payments in cryptocurrencies worth more than UAH 30,000, they must verify such transaction and collect detailed customer information. Read Full on CoinDesk

Ukrainecryptoblockchain
Staking ecosystem surges to $8 billion valuation
bravenewcoin
 Published Today
Staking ecosystem surges to $8 billion valuation 
The total amount of staked cryptocurrency has spiked to an all-time-high over $8 billion. Holders of proof-of-stake cryptocurrencies are choosing to stake their coins to support the network in exchange for income. Leading the pack with the highest value of staked crypto assets is EOS, which represents almost a quarter of the total amount at $1.8 billion. This is closely followed by Tezos, and Cosmos, which launched in 2018. Read Full on bravenewcoin

tezoscardanoeos
Dash sees 562% increase in active wallet users in Venezuela
twitter
 Published Today
Dash sees 562% increase in active wallet users in Venezuela 
Dash is making serious inroads in Venezuela. Dash director of media and PR Mark Mason, noted there had been a 562% increase in active Andriod devices using the Dash wallet app in Venezuela. He also pointed out that this figure did not represent total installs, but actual devices that have been online at least once in the past 30 days. Moreover, growth for December 2019 was 29%. Speculation is With the current growth rate, it will take just 12 more months to crack the 1 million mark in Venezuela. Read Full on twitter

Venezueladashcrypto
Early Growth of Internet is Similar to The Current Crypto Adoption: Deutsche Bank
Decrypt
 Published Today
Early Growth of Internet is Similar to The Current Crypto Adoption: Deutsche Bank 
Deutsche Bank has published a new research paper on the future of payments, in which it compares the growth of crypto wallet users to the early-stage evolution of the Internet and predicts that crypto wallet users will reach 200 million by 2030. According to the research paper, ti

tled Digital Currencies: the Ultimate Hard Power Tool, blockchain’s adoption rate mirrors that of the Internet in its early years - although its actual user numbers are an order of magnitude smaller. Read Full on Decrypt

bitcoinbtccrypto
Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies
Cointelegraph
 Published Today
Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies 
Major Swiss private banking management group Julius Baer has launched a digital assets trading and custodial service via a partnership with regulated crypto-specialist Seba. Julius Baer will be offering its clients services such as secure digital asset custody, cryptocurrency transaction solutions, as well as consolidated portfolio overviews for both traditional and digital assets. The bank will support a select group of major cryptocurrencies ostensibly chosen on the grounds of their liquidity, security and technical robustness. Read Full on Cointelegraph

switzerlandcryptoblockchain
Over 26k Blockchain Firms Operating in China, Nearly 80k Registered
AMBCrypto
 Published Today
Over 26k Blockchain Firms Operating in China, Nearly 80k Registered 
China’s blockchain initiatives have extended the country’s ambition of becoming a superpower in the near future. According to LongHash data, there are more than 26,000 blockchain companies operating and nearly 80,000 are legally registered firms in China. Guangdong, a coastal province of southeast China has the highest number of blockchain firms, a total of 22,636 companies that are registered and operating. Next in the line was Yunnan with over 5,300 blockchain firms, followed by Guangxi with over 5,000 registered and operating firms. Read Full on AMBCrypto

chinablockchainasia
Oceanic OBU Offering Free Offshore Bank Account In Singapore
oceanicliquidity
 Published 1 Day ago
Oceanic OBU Offering Free Offshore Bank Account In Singapore 
Oceanic Liquidity that lets you to open an Offshore Bank Account in Singapore, allows you to buy or sell crypto is giving away a $5000 Offshore Saving Account in Singapore for those who are willing to fund their Portfolio Investment account with Oceanic OBU. Oceanic is also paying instant commissions to all referrals deposits. Recommend Oceanic to Your Friend and get 20% commission of their deposit instantly. Oceanic has 24/7 Live Chat Support on their website. Visit and get informed. Read Full on oceanicliquidity

oceaniccryptoblockchain
Bitcoin Trading Volumes Continue Increasing in Troubled Economies
twitter
 Published 1 Day ago
Bitcoin Trading Volumes Continue Increasing in Troubled Economies 
The utility of the cryptocurrency in places where economies are already under strain, like Venezuela and Hong Kong, is being demonstrated in trading volume. According to data from LocalBitcoins, the increase in trading volumes is most prevalent in countries that are facing troubled economies. Through 2019, $305.9 million was traded on LocalBitcoins from Venezuela with Colombia and Peru coming in second and third with $134.2 million and $45.5 million respectively. Other key countries include Hong Kong with $21.73M being traded. Read Full on twitter

bitcoinvenezuelaColumbia

Government laws are now legalising cryptocurrency in their countries. Soon it will reach your country too! 
Just keep on accumulating more solid and legit coins down for the future as it serves as a long term investments! 

Go to the moon cryptocurrency!
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