Switzerland should launch a cryptocurrency version of the Swiss franc as part of the Alpine country’s attempt to steal a competitive lead in digital technologies, its stock exchange chairman Romeo Lacher has urged. He told Financial Times that an “e-franc” backed by the Swiss central bank would boost the local economy as well as electronic payment systems which were increasingly replacing cash.
The fund will also make indirect investments through Venture Capital funds whose priorities in technologies like the Blockchain.
One of Northern Ireland’s largest house-building firms, Hagan Homes, will begin to accept Bitcoin as a payment method.
Coinbase sent an official notice Friday, Feb. 23 to approximately 13,000 of its customers whose information it is legally required to turn over to the US Internal Revenue Service (IRS). Coinbase told the around 13,000 affected customers that the company would be providing their taxpayer ID, name, birth date, address, and historical transaction records from 2013-2015 to the IRS within 21 days.
One of the largest Canadian banks, TD Bank, stops customers from buying crypto with credit cards, following US J.P. Morgan, Citi and others.
Financial technology firm Revolut has become the first of a new breed of digital banks in Britain to break even on a monthly basis. Revolut, which has gained popularity with users for cheap and easy foreign exchange and is in the process of securing a banking license, now has 1.5 million users across Europe.
The North Korean state-sponsored hacker group Lazarus appears to have resumed its efforts to steal desperately needed foreign currency for the rogue regime, according to recent evidence uncovered by the U.S. computer security software company McAfee.
In the wake of its petro launch, Venezuela may still limit the number of crypto exchanges permitted to operate in the country, sources say.
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