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Ukraine Announces Plan to Legalize Cryptocurrencies, Will ”Create Understandable Conditions”
Ukraine is one of many countries in which cryptocurrencies are in murky regulatory waters. Now it looks as if this might soon change, as Ukrainian news outlets are reporting that state officials are looking to legalize cryptocurrencies by 2021. The news that Ukraine is looking to more accurately define and regulate cryptocurrencies was also corroborated by the nation’s state information and news outlet ”Ukrinform” on October 26. According to the…
Binance Secures Funding From Singapore Government-Owned Investment Company
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Binance Secures Funding From Singapore Government-Owned Investment Company
Binance, the world’s leading crypto exchange per 24-hour volume, announced of securing an investment from Vertex Ventures. The funding was shared between Vertex Ventures China and Vertex Ventures Southeast Asia & India and it will be used to develop a fiat-to-crypto exchange in Singapore, although the amount of investment was not disclosed. The Vertex Ventures network has announced a strategic investment in Binance and will jointly set up Binance Singapore.…
LibertyX Partners With ATM Manufacturer Genmega, Could Add Bitcoin-Buying Capabilities To 100,000 US Locations Retroactively Through ”Simple Update Process”
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LibertyX Partners With ATM Manufacturer Genmega, Could Add Bitcoin-Buying Capabilities To 100,000 US Locations Retroactively Through ”Simple Update Process”
It would appear that consumers in the US will soon be able to purchase Bitcoin at thousands of ATM locations using nothing more than a regular debit card, following a recent deal between LibertyX and Genmega. LibertyX is a Boston-based Bitcoin ATM firm, which ”operates the largest cash-to-bitcoin onramp network in the US”, and was supposedly the first company to launch a Bitcoin Cash ATM in 2014. Genmega, on the…
Binance Opens the First Fiat-to-Crypto Exchange in Uganda
Adoption
Binance Opens the First Fiat-to-Crypto Exchange in Uganda
Binance, the biggest cryptocurrency exchange by 24-hour volume as of press time, has launched a venture in Uganda, opening a fiat-to-crypto exchange in the African country. CEO Changpeng Zhao, better known as CZ, has announced the plan to start operations in Uganda back in June and starting Wednesday, October 17th, Ugandan crypto punters will be able to make deposits to Binance Uganda in BTC, ETH and Ugandan Shillings (UGX). According…