With Saturday’s events: Germans take action against the first Bitomatom; Crypto space in India as informed of the threat; Binance.Allows US Deposit USDC; the Current situation on the stock exchanges.
• The Germans take action against the first Bitomatom:
The German financial supervision authority to suspend the activity of the company KKT UG from Berlin, which allows users to buy and sell kryptowaluty at ATMs. According to the published statement BaFin ordered Adam Gramowskiemu that leads KKT UG as managing editor, the cessation of cross-border trade ownership rights.
On your website www.shitcoins.club the company advertises 24 cars Bitcoinowe for the purchase and sale of cryptocurrencies in Germany. Moreover, his work covers the whole of Europe. According to your LinkedIn profile Gramowski also works as the CEO of Bitcoin Technologies in Torun.
For BaFin, Gramowski engaged in commercial trade of property rights through the KCP UG that require a license by BaFin on the basis of the banking act (Kreditwesengesetz, KWG). The operator apparently lacked the necessary permission.
ATMs kryptowalutami still had uncertain status in Germany. Until January 2020. responsibilities in this area have not been fully explained. During the proceedings on September 25 last year against the operator of the Bitcoin exchange Bitcoin-24, which was cancelled, the Berlin appeal court (Kammergericht Berlin) ruled that commercial turnover Bitcoinami without special permission from the authorities not to be punished.
In the year 2020. the German government has decided to introduce new rules to combat money laundering. Next year, the company associated with kryptowalutami, such as digital exchanges, Trustees and suppliers of portfolios will require a license issued by BaFin.
• The crypto space in India as well as earlier threats:
A pending bill could continue to prevent the flourishing crypto currency in India. The Parliament of India he has not yet decided on the issue of «a Law banning crypto currency and the regulation of official digital currency» starting in 2019, According to Business Insider.
If adopted, the bill introduces a unique regulatory framework for virtual currencies, tool markers and markers provided goods – is likely to create complex camera acts.
March 4 Indian cryptographic community used when the Supreme Court of India ruled that the ban on the Reserve Bank of India (RBI) was «disproportionate and unconstitutional.
The circular banned financial institutions from providing banking services to companies operating on the basis of kryptowaluty. The ban was in force from April 2018. and was aimed for companies that offer any services related to electronic currencies».
Less than 24 hours after the lifting of restrictions on several Indian stock exchanges on crypto currency was re-released already services fiat deposits – this Unocoin, Wazirx and CoinDCX. In response to the failure of consultants HashCash has also announced that this year invest $ 10 million in the Indian industry encryption.
Despite the ban on the RBI on crypto currency, a recent study conducted by Statista shows that the population of India is the highest in the world use platforms Darknet per capita. The report shows that 26% of the 23.227 of respondents aged 16 to 65 years has used technology, which facilitates access to the dark web, more than two times higher than the world average is 12%.
• Binance.Allows US Deposit USDC:
The world market crypto currency Binance began quotes USDC for deposits to your Department in the United States – Binance.US. The new offer allows users to easily convert on BUSD, according to a statement on their official website.
This solution Binance.USA will allow its users to keep or to start trading BUSD. The company said that the transformation function can be found in the «Buy Crypto» on the main page.
The exchange explains that the trading pair BTC/BUSD, BUSD/USD, ZIL/BUSD, XRP/BUSD, BNB/BUSD, ALGO/BUSD and ETH/BUSD available for trading app, website and API. BUSD allows you to accelerate the operations of the funds.
For Binance, BUSD offers quick modes of financing transactions, which are accepted as a medium of exchange, tezauryzacji and payment methods throughout the field of cryptographic.
As BSUSD, USDC is a stable digital resource allocated to the Center and associated with the Circle, which also has the same support as BUSD.
The exchange also assured that he will continue to evaluate the coins, tokens and pair trading in the future to offer them in Binance.United States, in accordance with the internal framework risk assessment principles of digital resources. The company also stressed that feedback from the community and market demand will play an important role in the study of these possibilities.
• The current situation on the stock exchanges:
Minion day on the exchanges showed the advantage of decline among the leading crypto currency. The value of Bitcoin dropped by 1.4%, XRP 1.7%, Bitcoin Cash 3.4% and SV by 5%. Ethereum, as the only major registered a growth by 0.7%.
Capitalization the total market declined by 3.6 billion dollars currently amounts to 257.6 billion. The total turnover on the exchange amounted to 129.7 billion.
withsource: cointelegraph.com, coinmarketcap.com
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