Central Bank of Myanmar(CBM) has announced that they don’t recognize cryptocurrency as official currency. CBM warns the financial institutions do not accept or transact using cryptocurrency. According to mmtimes, Crypto traders in Myanmar have been purchasing cryptocurrency using an online payment method. This is growing as the crypto...
One of the largest crypto exchanges in India, Zebpay a Singapore-based company is expanding its services towards Australia. The exchange announced on Twitter, Australian users will be able to buy Bitcoin, Ripple, Bitcoin Cash, Ethereum and Litecoin using Australian fiat currency using Zebpay. But Zebpay had to shut down its...
The social media giant Facebook has revised its crypto related ad policy and has decided to allow crypto ads without requiring any prior approval to publish on its platform as reported on its official blog post. Earlier in Jan 2018, the company brought in a policy which allowed only a...
The popular Chinese crypto exchange – Binance, suffers a major security breach by losing 7000 bitcoin or $40 million USD from its hot wallet as reported on the official site. The breach was discovered earlier on May 7, wherein hackers stole API keys, two-factor codes and other information in the attack....
Facebook is recruiting several financial firms to support its cryptocurrency payment service that is currently being developed. According to CNBC, The social media giant is taking the support of several financial firms and online merchants to launch its cryptocurrency based payment service. They are talks with Visa and MasterCard about...
The Australian Tax Office(ATO) has launched a data matching program where they use third-party data related to cryptocurrency to improve the integrity of the tax system. According to Australian Financial Review, ATO’s new program will assist them to catch crypto investors who have failed to pay taxes. Currently,...
