Month: January 2020

India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting this national policy. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies India’s National Blockchain Strategy The Indian National Institute for Smart Government (NISG) has published a draft “National Strategy on Blockchain,” local media reported on Tuesday. The institute…

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A new report from Deutsche Bank Research, Digital Currencies: the Ultimate Hard Power Tool, predicts that cash payments will remain for decades, but the emergence of digital payments “will lead to the death of the plastic card.” The report, which is the third installment in a series on payments by the group, points to economies like China in their rapid digitization and heavy reliance on online payment systems. Should the newly developed digital yuan come to prevalence, the report maintains, it could seriously challenge USD hegemony. Also Read: Singapore Introduces…

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The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators are obliged to meet anti-money laundering and counter-terrorism financing regulations. Also read: Uzbekistan Prepares Crypto Tax Exemptions, Launches Licensed Exchange Payment Services Bill Expands Regulatory Scope to Cover Cryptocurrencies In a press release published Tuesday, MAS insists that the Payment Services Act (PSA) will “enhance the regulatory framework for payment…

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The Simple Ledger Protocol (SLP) and tokens have become a mainstay within the Bitcoin Cash ecosystem. SLP tokens have gathered traction as they are supported by multiple noncustodial wallets and a slew of tokens gained real-world value after being listed on exchanges. Even though SLP tokens are digital, you can still create a paper wallet for tips or a way to hold special tokens in cold storage. The following editorial is a step-by-step walkthrough for creating SLP-based paper wallets. Also Read: How to Print Your Own Bitcoin Cash Paper Wallet…

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This spring, three of the largest crypto networks, BTC, BCH, and BSV, will undergo their halvings around the same time for the first time in history. During the last halving in 2016, only one network existed, but now three protocols share the same consensus algorithm. Google Trends shows that searches for the term “bitcoin halving” have skyrocketed in recent days and it’s still unclear whether the halvings are priced into the three markets. Also Read: Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan Google Trends Searches for ‘Bitcoin Halving’…

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Leverage allows cryptocurrency traders unsatisfied with market volatility to make stronger plays on smaller movements. Trading platforms offer various ways to use leverage in order to capture this segment. The latest example is Liquid, an exchange that developed perpetual BTC contracts with up to 100x leverage. Also Read: Liquid Exchange Launches BCH/USDC Trading Pairs Perpetual BTC Contracts With Massive Leverage International digital assets trading platform Liquid has announced the closed beta launch of a new crypto offering with up to 100x leverage. Liquid Perpetuals is a derivatives trading instrument that…

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The BCH infrastructure funding proposal initially announced by Jiang Zhuoer on January 22 will not go through as planned without greater agreement in the Bitcoin Cash community, Bitcoin.com has announced via a read.cash post uploaded today. Also Read: Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan Bitcoin.com Will Not Support Plan Without Greater Agreement in BCH Ecosystem Bitcoin.com has now announced it will not be going through with the original proposal for infrastructure funding until a greater agreement can be reached among ecosystem participants. In a post to the…

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The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court is now in deliberation. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies IAMAI Concludes Arguments in Supreme Court The supreme court of India resumed hearing the crypto vs. RBI case on Tuesday morning. The…

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Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital asset products and services helped by local fintechs. Also read: Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year Century-Old Swiss Bank Provides Clients With Crypto Storage and Transaction Solutions Crypto banking has been expanding through partnerships within the industry, but it’s also promising to…

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If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly? Localcryptos.com. That’s what. Also read: A Bitcoin War Is Brewing Over KYC What’s the Deal With Localcryptos? Before its rebrand, Localcryptos (LC) went by the name of Localethereum. Launched in Australia in 2017, the platform’s addition…

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