PayPal, an electronic payment system operator, has officially confirmed its refusal to participate in the Libra digital currency project, which is being developed by the social network Facebook. A statement to withdraw from the Libra Association was distributed by PayPal on Friday, October 4. The company did not name the reasons for the refusal to participate in the project, noting only that it intends to continue to focus “on promoting the current mission […]
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BitPay cryptocurrency processing service will add support for Ripple's XRP token by the end of this year. This was reported in the official Ripple Twitter account. More exciting news: Ripple has partnered with @BitPay to enable thousands of businesses to accept #XRP for payments. https://t.co/oFzM1p37LC – Ripple (@Ripple) October 2, 2019 According to media reports, BitPay entered into a partnership with the Ripple division […]
In the Russian Federation, they propose closing the loopholes in the legislation on Russian-controlled foreign companies and changing the rules for recognition as a tax resident of the country. This provision is contained in the draft Ministry of Finance on "The main directions of the budget, tax and customs tariff policy", designed for the next three years. According to the current legislation, the tax resident of the Russian Federation is a person who spent more than 183 days in the country during […]
As part of a special operation, the German police established control over the so-called “cyber bunker” with hundreds of servers for the darknet drug markets and child pornography and arrested seven suspects. Law enforcers also seized $ 41 million. German cops raid "CyberBunker 2.0," arrest 7 in child porn, dark web market sting. Bulletproof hosting facility was staged inside old NATO bunker in Germany; was […]
Block.one came to an agreement with the US Securities and Exchange Commission (SEC) to pay a fine of $ 24 million for violating securities laws during an ICO EOS project. SEC orders blockchain company to pay $ 24 million penalty for unregistered ICO https://t.co/em95RbxWEQ – SEC_News (@SEC_News) September 30, 2019 The Office indicated that […]
LedgerX accused the U.S. Derivatives Exchange Commission (CFTC) of deliberately delaying the consideration of its bid to launch a Clearing Derivative Center (DCO), which would allow it to start trading in deliverable bitcoin futures. About this writes CoinDesk with reference to two letters to the Office of the Inspector General at the US Department of Justice. Letters verified by LedgerX were […]
Timofei Musatov, the lawyer of the alleged creator of the BTC-e bitcoin exchange, Alexander Vinnik, may be related to one of the companies through which $ 4 billion in cryptocurrency was laundered. The editor of ForkLog was informed by the owner of the MoneyPolo payment system Sergey Mayzus. Since November 2017, Meisus has defended his business reputation in the courts, which he claims to have suffered from allegations of his […]
The Ministry of Digital Transformation of Ukraine plans to legalize Bitcoin and other cryptocurrencies. The corresponding initiative came from the current head of the Ministry of Digital Affairs, Mikhail Fedorov, writes Liga.Net with reference to the statement of Alexander Bornyakov, who will be appointed one of the deputy ministers. He stressed that although cryptocurrencies are not prohibited in Ukraine, they also do not have an official status. Legalization is necessary including […]
The chief economist of the Dutch bank ING Mark Cliffmeit expressed the opinion that the central banks of various countries will launch full-featured digital currencies (CBDC) only after two to three years. According to him, the Facebook Libra project, which is about to be launched in 2020, is putting pressure on monetary regulators, prompting them to seriously think about the CBDC release. Thus, the central banks of various countries do not […]
Bittrex, the U.S. cryptocurrency exchange, has implemented Chainalysis blockchain startup software for marking suspicious transactions in real-time Chainalysis KYT, CoinDesk reports. The system alerts you to potentially illegal transactions in 15 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, ERC20 tokens and stablecoins. In June, the FATF Anti-Money Laundering Development Group (FATF) tightened cryptocurrency regulation requirements […]