“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said.
Thai SEC proposes new rules for digital asset custodians
The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September.
Bank of Ghana to pilot CBDC with German securities printing firm G+D
Originally specialized in currency and securities printing, Giesecke+Devrient has been increasingly working with central banks like the Bank of Thailand in piloting CBDCs.
Inside El Salvador’s Bitcoin experiment: Cointelegraph video report
Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation’s economy.
Binance to delist EUR, GBP and AUD margin trading pairs
“All of your margin balance may be liquidated in the event of extreme price movement,” Binance stated.
Cointelegraph Exclusive: Artist Damien Hirst says NFTs are like ‘the invention of paper’
According to the British artist, NFTs are changing the world, but not always in the get-rich-quick way many media outlets report.
Crypto ownership has nothing to do with distrust in fiat: BIS study
Cryptocurrency owners are “generally more educated than the average,” according to a new study by the Bank for International Settlements.
Bitcoin likely won’t entirely replace current financial system, Coin Center director says
Bitcoin may not make the current monetary and financial system extinct, although its usage will likely vary depending on one’s location.
Bank of Indonesia joins central bank digital currency race
After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency.
Tether mints more coins to break $60 billion market cap
Massive volatility on crypto markets has been always associated with an uptick on stablecoin markets, a Tether exec noted.
State-backed digital currencies can disrupt financial systems: Report
While CBDCs could help central banks address the decline in cash payments, some risk factors remain.
Banking system consumes two times more energy than Bitcoin: research
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year.
UK will likely need to issue a digital currency, says BoE deputy governor
The Bank of England’s deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention.
European Investment Bank reportedly to issue bonds with blockchain tech
The EIB has reportedly hired banks like Goldman Sachs and Societe Generale to explore a digital bond, registered and settled via blockchain.
CEO of biggest crypto exchange has ‘close to 100%’ of net worth in crypto
Binance founder and CEO Changpeng Zhao is placing his bets on crypto.
Digital euro could take four years, says ECB president Christine Lagarde
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
Tether stablecoin is fully backed, says new assurance report
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman.
Digital ruble is ‘highest form of money’, Russian Bitcoin critic says
The digital ruble will become an integral part of national settlements by 2023 or 2024, Anatoly Aksakov of the Russian State Duma predicted.
Stablecoin reserves on crypto exchanges hit new historic high of $10B
Cryptocurrency exchanges continue accumulating massive amounts of stablecoins like Tether and USDC Coin.
China’s digital yuan will offer best privacy protection, says official
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs.