Coinbase received the first cryptocurrency trustee license in Germany Tuesday, June 29

Coinbase received the first cryptocurrency trustee license in Germany Tuesday, June 29

The German Federal Financial Supervisory Authority (BaFin) yesterday, Monday, issued a license to the digital currency exchange Coinbase in charge of digital currencies and monopoly trading. Coinbase has received the first license in the digital currency industry in Germany.

BaFin also added that the license allows Coinbase Germany GmbH to monopolize digital currency assets in the country.

Coinbase, which went public earlier this year, has not yet issued a statement in response.

 

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50 Korean companies apply for a new license in the field of cryptocurrencies

50 Korean companies apply for a new license in the field of cryptocurrencies

Fifty South Korean-based cryptocurrency companies have applied for a new Information Security Management System (ISMS) license. The license is issued by the South Korean government and certifies companies that meet strict standards of information protection and privacy.

This regulation will come into force in September 2021 and is one of the first licenses for digital currency trading in Korea. With a large number of young people active in the digital currency market, it has the largest digital currency trading population in the world.

 The Korean government has introduced or is about to introduce laws to better regulate local digital currency markets.

ISMS is one of them. This license evaluates jobs according to various criteria - including overall risk management, access control, server and security management, and more. 20 local exchanges have already received ISMS certification, including UpBit and Kobit, and 30 other exchanges have applied and are waiting in line.

Is bitcoin mining by {volcanic energy} happening in El Salvador?

Is bitcoin mining by volcanic energy happening in El Salvador?

El Salvador President Najib Abu Quilla announced on Twitter that he had instructed LaGeo, the state-owned heating company, to come up with a plan to extract bitcoins using volcanic energy.

The idea was suggested to Najib Abu Kiley today in a live audio conversation on Twitter.

There are about 20 active volcanoes in the country. The Chaparrastique volcano has erupted 25 times in the last 500 years.

El Salvador's geothermal energy is completely clean and renewable.

In the early hours of Wednesday, a majority of lawmakers voted in favor of President Nayib Bukele's plan to use bitcoin in Latin America. Also in this country, from now on, anyone who invests 3 bitcoins in the El Salvadorian economy can obtain permanent residence.

In addition, El Salvador holds approximately $ 150 million in bitcoin in its trust fund.

Permanent residence in[ El Salvador] for {crypto} entrepreneurs

Permanent residence in El Salvador for crypto entrepreneurs

As we reported a few days ago, the President of El Salvador, Najib Abu Quilla, announced during the Miami Conference that the country intends to accept bitcoin as a currency in the country. Now the 39-year-old has added to the appeal of his proposal on Sunday with his new remarks on Twitter. Abu Kileh announced in his latest tweet that:

"The government immediately grants permanent residency to crypto entrepreneurs."

Today, his proposal was approved by 62 official members of parliament against 19 votes against. Explaining the bill, Bokle added that the country is also proposing a new law to parliament that would allow anyone with a 3-bitcoin investment in the El Salvadorian economy to obtain permanent residency.

It is interesting to know that the official currency of El Salvador is the US dollar. About a quarter of El Salvadorians live in the United States, and last year sent more than $ 6 billion in remittances, despite the Corona epidemic.

Abu Kileh acknowledged that the move was aimed at creating jobs and providing employment opportunities for thousands of people who now operate outside the country's legal economy. He noted that 70 percent of the population now does not have a bank account and operates in an informal economy.

Grayscale bought more altcoins Saturday, May 8

Grayscale bought more altcoins Saturday, May 8

According to recent information, Grayscale Investments, a subsidiary of Barry Silbert’s Digital Currency Group DCG for short, has added more coins than MANA, LPT, LINK and FIL.

Grayscale buys more altcoins for the trust!

Large cryptocurrency fund Grayscale has purchased more altcoins to add to its trust. These altcoins include MANA, LPT, FIL and LINK.

According to data from the Bybt analysis platform, these purchases have been made in the last twenty-four hours.

The highest amount of cryptocurrencies purchased with 16,710 tokens belongs to MANA.

The chart on the website shows that Grayscale has bought more of these cryptocurrencies over the past week and 30 days.

According to Bybt, the total amount of cryptographic assets under the management of Skill is now worth $ 51.41 billion.

Earlier this week, the LINK currency crossed the $ 50 level with a new price record.

 

Digital Currency Group continues to buy GBTC!

As previously reported by U.Today, Grayscale's parent company, DCG, which is run by Barry Silbert (Digital Currency Group), is still pursuing its plan to repurchase Grayscale's GBTC stock.

According to a recent report, DCG bought 1,695,217 shares in March as part of its $ 250 million repurchase plan.

However, Bitcoin Trust’s GBTC continues to trade at a discount of -12.62% at the time of writing.