Bank of Japan Governor Haruhiko Kuroda said on Tuesday cryptocurrencies likely won’t threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means.
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This is the first money transfer deal from the middle east to establish instant money transfer.
The new Coinbase Commerce button will be integrated on merchant websites and used by customers to make payment from four different crypto options.
Russia’s Ministry of Communications and Mass Media (Minkomsvyaz) has published a document establishing the licensing rules for ICO projects. Some of the key requirements presented to digital token issuers require nominal capital of about 100 mln rubles – approximately equal to $1.7 mln – and a license for the development, production, and issuance of tokens.
Thailand’s central bank said on Monday it had asked financial institutions not to get involved in cryptocurrency transactions for fear of possible problems from the unregulated trading.
On Friday, the New Jersey Bureau of Securities ordered Bitcoin-related investment pool Bitstrade to stop offering its goods in New Jersey.
Europol director Rob Wainwright said 4% of all criminal proceeds are now turned into cryptocurrencies.
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