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Bitcoin Investors in This European Country Can Now Buy Crypto at the Post Office

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Liechtenstein’s authentic publish place of job is providing fiat-to-bitcoin change products and services via a partnership with Swiss blockchain corporate Värdex Suisse, a regulated fee carrier supplier based totally in Switzerland.

The Liechtensteinische Post AG place of job in Vaduz ― the capital of Liechtenstein ― launched the crypto change carrier on February 15.

“Nothing is different from the conventional money-exchange business, which has always been part of Swiss Post’s service offering. The customer receives a physical cryptowallet ― which allows him by means of public and private keys ― activation of the crypto box in the network.”

After an introductory section, shoppers will be capable of change fiat cash into different cryptocurrencies, together with Ethereum, Litecoin, Bitcoin Cash, and Ripple.

‘An Entire Token Economy’

liechtenstein bitcoin cryptocurrency

Liechtenstein could also be tiny, however it punches above its weight magnificence in the case of bitcoin adoption. | Source: Shutterstock

Liechtenstein (inhabitants: 37,800) is without doubt one of the maximum crypto-friendly international locations on the planet. In June 2018, Liechtenstein presented the Blockchain Act.

The function of the Blockchain Act is to make the 25-kilometer principality a crypto hub for institutional buyers. In Liechtenstein, a blockchain industry can set itself up with out opening a checking account. Moreover, the rustic’s main monetary establishment, Bank Frick, accepts crypto immediately.

In February 2018, Crown Prince Alois instructed CNBC that he believes that making an investment in bitcoin will assist his circle of relatives repair their wealth. He’s additionally exploring using blockchain to regulate the day by day management of the monarchy.

Bitcoin Wars Heat Up

In Europe, Asia, and the United States, there’s a crypto battle brewing over dominance of the rising virtual financial system.

In December 2018, two participants of the French Parliament suggested the federal government to take a position as much as 500 million euros in blockchain techniques to carry France as a “blockchain nation.”

To this finish, Deputies Jean-Michel Mis and Laure de La Raudière outlined 20 proposals to advertise the mainstream adoption of blockchain.

“2019 will be the year of the blockchain in France,” Jean-Michel Mis stated. “This 10-year technology is moving out of the experimental stage into industrial implementation. The public will see the emergence of its uses in their daily lives.”

Similarly, Laure de La Raudière suggested France to capitalize at the era ahead of China and the United States beat them to the punch.

“France must have a conquering philosophy on this subject. I’m sounding the alarm: It is time to invest. We must accelerate with French and European public money.”

US Lawmakers Push Crypto Economy

In the United States, congressmen Warren Davidson and Darren Soto presented the Token Taxonomy Act in December 2018. The TTA is a invoice to exempt cryptocurrencies and ICOs from US securities regulation.

Davidson stated the “light-touch” regulation would offer regulatory readability to the crypto marketplace. It would additionally make sure that the United States stays aggressive within the burgeoning trade.

“We need a light-touch regulatory framework that provides certainty for the ICO market,” Davidson instructed CNBC in June 2018.

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In a commentary, Rep. Warren Davidson stated it’s vital to keep away from overly restrictive regulations that might stifle innovation and put the United States at a aggressive drawback.

“In the early days of the Internet, Congress passed legislation that provided certainty and resisted the temptation to over-regulate the market. Our intent is to achieve a similar win for America’s economy and for American leadership in this innovative space.”

“This bill provides the certainty American markets need to compete with Singapore, Switzerland, and others who are aggressively growing their blockchain economies.”

“Virtual currencies and the underlying blockchain technology has a profound potential to be a driver of economic growth. That’s why we must ensure that the United States is at the forefront.”

Featured Image from AP Photo / Gillian Flaccus, File

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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Binance.US is under investigation from SEC over trading affiliates: Report

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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

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Boost Insurance unveils product covering against crypto theft from qualified custodians

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Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

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