Tag: European Union

OKex to Open Office in Malta, the Blockchain Island

Malta has made the headlines quite often for its crypto-friendly environment which has made it a blockchain hub in Europe. OKex, one of the largest exchanges in the world, with a daily transaction volume of over $1 billion, is the latest crypto company to open offices in the small island nation that has come to be fondly referred to as “the blockchain island”. In a statement, the Chinese exchange says it …
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BitFlyer Receives Regulatory Approval to Operate in the European Union

Europe has always been a relatively tepid market when it comes to Bitcoin and other cryptocurrencies. It almost seems as if there is a genuine disinterest in what this new form of money can mean for Europeans. That situation may soon come to change, as Japan’s bitFlyer exchange is expanding to Europe. More competition among European cryptocurrency exchanges can only be a positive development for the industry as a whole. A …
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UK Treasury Will Introduce EU-Wide Bitcoin Regulation by Late 2018

Bitcoin has always been associated with various types of illegal activity. One of the claims which is repeated quite often is that the world’s leading cryptocurrency is regularly used to launder money. So far, there has been very little evidence to back up such allegations. Regardless, the UK Treasury is growing increasingly concerned over this possibility, and it aims to regulate Bitcoin in the near future. UK Treasury Worries About Bitcoin In a …
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European Banks Explore Measure to Prevent Withdrawals

With cryptocurrency and decentralization on the rise, banks and other financial institutions find themselves in an awkward position these days. This is especially true in the European Union, where many experts feel there will soon be another bank run. To counter this threat, some EU states have been contemplating measures that would prevent bank customers from withdrawing money from accounts. These temporary “freezing” measures may go into effect very soon. New EU Directive …
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