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Russia Restricts Anonymous Cash Deposits to Online Wallets

Russia Restricts Anonymous Cash Deposits to Online Wallets

The Russian Government has put strict limits on anonymous deposits made to online wallets. While it is not a complete ban, the initiative by lawmakers is promoted as a step to deter illegal activity such as money laundering and illicit drug transactions and could affect up to 10 million users.

US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

Two Chinese nationals, Tian YinYin and Li Jiadong were sanctioned yesterday by the US Government yesterday for their alleged involvement in laundering stolen cryptocurrency from a 2018 cyberattack. The pair have been charged with stealing nearly $250 million in virtual assets and laundering the money through converting BTC to USD and Chinese Yuan as well as through iTunes gift cards.

Thailand Blockchain Community Partners with IBM to Expand $300M Electronic Letter of Guarantee Platform

Thailand Blockchain Community Partners with IBM to Expand $300M Electronic Letter of Guarantee Platform

Thailand Blockchain Community Initiative (BCI) has joined hands with IBM to extend the scope and reach of the blockchain-powered electronic letter of guarantee.

Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency

Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency

Mastercard has partnered with the Central Bank of The Bahamas and Island Pay to issue prepaid cards that would allow people of Bahamas to instantly convert the Bahamas’ CBDC to cash during purchases.

White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

White House Budget Urges Legislation to Return Secret Service to Treasury Due to Crypto Crime Surge

Cryptocurrencies, and other technological advancements, projected as a threat to the international financial marketplace, the department believes has contributed to more groups of criminal organizations and more links between financial and electronic crimes combined.

Google Pay Opens Door to Mainstream Payments for Coinbase's Crypto-Debit Card

Google Pay Opens Door to Mainstream Payments for Coinbase's Crypto-Debit Card

Coinbase Card and Google Pay have partnered to increase the liquidity of cryptos and provide a new form of convenient payment options to clients. Coinbase customers now can use their cards via easy mainstream mobile payments.

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

China’s central bank is scheduled to test its digital yuan dubbed the Digital Currency Electronic Payment (DCEP) in a second red packet lottery event in Suzhou on December 12.

3 Benefits You Need to Know About Cryptocurrency Credit Cards

3 Benefits You Need to Know About Cryptocurrency Credit Cards

A breaking story shows that MedeTrade crypto exchange has integrated Dash in its Visa cryptocurrency credit and debit card. Therefore, crypto users need to know about benefits associated with cryptocurrency visa card.

COINNEWSEXTRA AND  GLOBAL POLICY HOUSE TO HOST FIRST UNPRECEDENTED CBDC CONFERENCE IN AFRICA

COINNEWSEXTRA AND GLOBAL POLICY HOUSE TO HOST FIRST UNPRECEDENTED CBDC CONFERENCE IN AFRICA

One of the best gift possessed by humans is the ability to adapt to change. Little did we know that the global COVID-19 pandemic was going to deprive us of our regular mode of living, here we are today with several months of stay at home with many organisations and people pivoting into the digital economy. The immense impact of the COVID-19 pandemic has severely affected the whole world with developments changing frequently. However, digital innovations and technology solutions have been deployed to respond urgently to these changes, This has led to a notable increase in demand for online transactions, resulting in a significant shift from cash to digital payment methods.

Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners

The scourge of the coronavirus has led to the temporary closure of factories in China with the electronic industry supply chain being hit the hardest forcing an extension in the Lunar year holiday following the outbreak of the virus.

Bitcoin is the Gift that Keeps on Giving, says Tyler Winklevoss

Bitcoin is the Gift that Keeps on Giving, says Tyler Winklevoss

Bitcoin billionaire Tyler Winklevoss has continued his praise for the BTC cryptocurrency after its mammoth bull run over the last week.

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