Brazilian Bank Bradesco Closes Accounts of Local Crypto Exchange and Owners

One of the largest Brazilian banks, Bradesco, has notified crypto exchange Bitblue that its banking accounts will be closed late February, local crypto outlet Portal do Bitcoin reported on Feb. 13. As the outlet has learned from unnamed industry insiders, Bitblue will face the closure of its accounts in Bradesco on Feb. 26. Moreover, the decision extends to the private accounts of Bitblue owners. Edisio Pereira, CEO of Bitblue, told Portal do Bitcoin that the company has previously had accounts in four other financial institutions; therefore, Bitblue will not appeal…

South Korean lawmakers shift their focus to cryptocurrency owners

The financial regulator in South Korea has been looking to provide guidelines to help mold a level and secure playing ground for all those involved with cryptocurrencies. Now, the lawmakers in the country have joined in with bills addressing cryptocurrency owners in South Korea. Speaking to Bitcoin.com, a representative from the country’s financial watchdog, Financial Services Commission (FSC), noted that the National Assembly has received six bills concentrating on safeguarding cryptocurrency owners in the country. According to the representative, none of the bills has been authored by the regulator. The…

French Parliament Refuses to Ease Taxation for Cryptocurrency Owners

The lower house of the French parliament has rejected the amendments to the 2019 finance bill which would ease crypto-related taxation. French monthly business magazine Capital reported this Tuesday, Dec. 18. The amendments that have been declined by the National Assembly referred to a draft of the government finance bill for 2019. As explained by local crypto news outlet Bitcoin.fr, the Parliament rejected four proposals in total. One of them was to introduce a distinction between regular crypto transactions and occasional ones, offering a more relaxed taxation system for the…

Fintech Firm Launches App For Crypto Owners to Trade All Markets Without Any Fees

A fintech company is taking on the retail trading industry and giving crypto owners the opportunity to use digital currencies as collateral and to trade across markets with fiat funds — avoiding any commissions or fees. Quantfury says its mission is to make the markets “absolutely transparent and fair” while giving crypto enthusiasts an opportunity to use their assets in a new way. The startup tackles the opacity seen in some financial institutions — places where “retail brokerages speculative crypto exchanges bet against clients with artificially adjusted prices, spreads and…

NYSE Owner’s Bitcoin Market May Have ‘Hidden Leverage’: Wall St. Vet

When Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced that it was launching a bitcoin market, the move was met with enthusiasm by many within the cryptocurrency industry as a vindication of the legitimacy of the asset class. However, others, including some Wall Street veterans, warned that the “financialization” of bitcoin could introduce elements of the fractional reserve banking system into the cryptocurrency market. Bakkt Says It Won’t Offer Leveraged Bitcoin Trading Now, the head of Bakkt — ICE’s bitcoin market — is seeking to…

NYSE Owner’s Bitcoin Market May Have ‘Hidden Leverage’: Wall St. Vet

When Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced that it was launching a bitcoin market, the move was met with enthusiasm by many within the cryptocurrency industry as a vindication of the legitimacy of the asset class. However, others, including some Wall Street veterans, warned that the “financialization” of bitcoin could introduce elements of the fractional reserve banking system into the cryptocurrency market. Bakkt Says It Won’t Offer Leveraged Bitcoin Trading Now, the head of Bakkt — ICE’s bitcoin market — is seeking to…