Switzerland: cryptocurrencies accepted in a 2nd Bank
Maerki Baumann, a Zurich-based private bank, announced that it will manage the cryptoassets of its customers. In Switzerland, it is the second private bank to take this step forward. Maerki Baumann & Falcon bank Previously mentioned in one of our last articles, Switzerland, or more precisely some Swiss financial institutions, seemed to pout when crypto startups knocked on their door to...
There is no more illegal activity in Bitcoin than in cash.
Some had doubts about it, others were more suspicious on this topic, but eventually, it is official. A former US federal prosecutor announced this summer during the international Money 20/20 conference taking place in the Netherlands: "many more crimes" were perpetrated via the use of fiat currencies and not with cryptocurrencies. This former District Attorney for Western Pennsylvania, elected by the Senate...
CEO of Lazard: cryptocurrency could replace the dollar
Ken Jacobs, CEO of Lazard, recently gave an interview at Bloomberg. Lazard director - a leading investment and asset management financial group with nearly 250 billion assets - was asked about the risks and opportunities of the USA. He shared his vision on the current and upcoming situation. The only risk is the economic overheating, initially, which remains highly unlikely as...
Ethereum: Googled More Than X 110 Million
Given the impact of Ethereum on the evolution of blockchain since its creation in 2015, it is difficult to imagine today what it would look like this and most cryptocurrency without the invention of Buterin. Ethereum X Google The term "Ethereum" has appeared in more than 110 million Google searches over the last two years, according to ConsenSys, a US company...
Russia: “Cryptoassets are not a threat to financial stability”
President of Russia's Central Bank doesn't want to call cryptocurrencies by their names. Elvira Nabiullina prefers the nickname "Cryptos-Things". Last month, Elvira Nabiullina was at the recent annual international economic forum in St. Petersburg when she used this new wording. The report released on May 30 supports the statement that the volume of transactions is very small. So small...
Iran: in the footsteps of the Venezuelan Petro
Penalties, hardening and bilateral relations between the United States and Iran have been steadily worsening over the last two years. The economic sanctions now weighing on the country of Hassan Rouhani could, in addition, have a negative impact on the economy of this country - OPEC's second largest oil producer - slowing global growth. Nevertheless, this diplomatic failure allows a...
KYC: 68% of exchanges do not meet standards
Previously cited in the article LexisNexis & Blockbid Partnership, KYC and AML formalities are in the line of sight of international regulators. However, it appears that only 32% of cryptos exchanges meet the guidelines. This is a study of the company P.A.I.D in partnership with Mitek, a technology provider for identity verification, which advances this low ratio. The obligatory KYC...
South Korea: Bitcoin classified as a financial asset
After Russia last summer and Ukraine last October, it is now the turn for South Korea to qualify Bitcoin as a financial asset. South Korea and Bitcoin, a tumultuous love story. At the beginning of the year, a wave of panic had blown not only on the crypto community but more especially cryptocurrencies' price. Also called 'The Bitcoin Country', South Korea...