Bitfinex Struggles With Banks, Why Are Other Crypto Exchanges Fine?

Bitfinex Struggles With Banks, Why Are Other Crypto Exchanges Fine?

Advertisement On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of Communications, the fifth-largest bank in mainland China and Hong Kong,…

India’s Supreme Court Hears Crypto Exchanges vs. Central Bank Case Today

India’s Supreme Court Hears Crypto Exchanges vs. Central Bank Case Today

Advertisement India’s Supreme Court is today hosting the final hearings of the ongoing case between cryptocurrency exchanges and the central bank concerning the latter’s blanket banking ban introduced in April. The country’s foremost court is hearing petitions and the case against the circular issued by the Reserve Bank of India (RBI) in April 2018. In…

Uzbekistan Opens Doors for Cryptocurrency Exchanges with Tax Benefits

Uzbekistan Opens Doors for Cryptocurrency Exchanges with Tax Benefits

Advertisement In efforts to boost its market-based economy, the government of Uzbekistan has decided to take initiatives favorable to the growing cryptocurrency industry. Uzbekistan Goes Fishing for Bitcoin Exchanges The former Soviet nation confirmed that it is legalizing cryptocurrency exchanges and will allow blockchain companies to set up their offices in the state. The legalization…

12/12 Approved: Korea Industry Body’s Inspection of Crypto Exchanges Under Scrutiny

12/12 Approved: Korea Industry Body’s Inspection of Crypto Exchanges Under Scrutiny

Advertisement South Korea’s biggest self-regulatory cryptocurrency industry body, the Korea Blockchain Association (KBA), is under fire for its inspection standards after approving 12 out of 12 crypto exchanges screened in a recent self-regulatory drive. The Korea Blockchain Association (KBA), an industry body that contains nearly two dozen cryptocurrency companies, has concluded an in-house inspection of…