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Thailand: Movie Enthusiasts Can Now Pay for Tickets using Bitcoin (BTC)

Reading Time: 2 minutes
by
Dalmas Ngetich
on
March 5, 2021 Bitcoin
In the first pilot project in Thailand’s entertainment scene demonstrating virtual currencies’ potential, Major Cineplex Group is collaborating with Zippex and RapidZ.
Clients can now buy movie tickets using Bitcoin and digital cryptocurrencies, adapting to the “new normal lifestyle,” local news outlet
Siam Rath on March 5 reports.
Thailand’s Crypto Players Join Hands to Spur Adoption
Major Cineplex Group is the largest movie theatres operator in Thailand, while Zippex is an established crypto exchange. On the other hand, RapidZ is a digital exchange management system provider with a presence in South East Asia.

Thailand , Narut-jiansanong , Cineplex-ratchayothin , Wisara-chokdeetaweanan , Major-cineplex-group , Movie-enthusiasts-can-now-pay , Dalmas-ngetich , Siam-rath , Crypto-players-join-hands , Cineplex-group , South-east , Chief-marketing-officer

Kentucky Offers Tax Exemption to Attract Crypto Miners

Reading Time: 2 minutes
by
Anthonia Isichei
on
March 4, 2021 Regulation
Lawmakers in the U.S. state of Kentucky recently approved a bill that would exempt cryptocurrency miners from paying taxes.
Crypto Mining Tax Exemption Bill Receives Majority Support
According to local news outlet the
Lexington Herald-Leader on Tuesday (Mar. 2, 2021), the House Budget committee of the Kentucky General Assembly approved Bill 230, which sought to remove taxes on electricity purchased for commercial cryptocurrency mining activities.
The bill saw a vote of 19-to-2, which meant that lawmakers were in favor of the proposal. Meanwhile, the purpose of the tax exemption is to attract crypto miners to the state and encourage the growth of the industry.

Paducah , Kentucky , United-states , Iran , Steven-rudy , Chris-freeland , Democratic-party , Kentucky-offers-tax-exemption , Attract-crypto-miners , Anthonia-isichei , Lexington-herald-leader , House-budget

BitGo Receives Trust License From New York Regulators

Reading Time: 2 minutes
by
Anthonia Isichei
on
March 4, 2021 Regulation
California-based digital assets financial services company, BitGo, received a charter to operate in New York as an independent and regulated custodian.
BitGo Scores New York Trust Charter
According to an official announcement on Thursday (Mar. 4, 2021), BitGo was granted the trust license under the New York State Banking law by the New York State Department of Financial Services (NYDFS). The approval comes after BitGo’s earlier application to the NYDFS for a New York Trust Charter back in August 2020.
With the new license, BitGo is able to act as a custodian to institutional clients in the state seeking to make large crypto investments. Also, the company would offer its New York clients an extensive crypto experience, fast onboarding, anti-money laundering (AML) and know your customer (KYC) controls, among other services.

New-york , United-states , California , Pete-najarian , Mike-belshe , Department-superintendent-of-financial-services-linda-lacewell , Bitgo-scores-new-york-trust-charter , York-state-department-of-financial-services , Bitgo-receives-trust-license-from-new-york , York-trust-charter , Anthonia-isichei , New-york-state-banking

Thailand SEC Allays Fears Over Controversial Crypto Proposal

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by
Adeniyi Olowoporoku
on
March 2, 2021 Regulation
Thailand Securities and Exchange Commission (SEC) has allayed concerns regarding some of the requirements in its crypto proposal draft plan. This was in response to the uproar from crypto stakeholders about certain aspects of the proposed crypto framework.
Thai SEC Responds to Crypto Regulatory Controversy
The crypto proposal draft released in February had suggested that new crypto investors must possess a minimum of 1 million baht annual income, a minimum age limit, and proven trading experience. The proposal had drawn criticism due to the excessively high standards for crypto trading, limiting low and middle-income earners from investing in cryptocurrencies.

Bangkok , Krung-thep-mahanakhon , Thailand , Thai , Ruenvadee-suwanmongkol , Exchange-commission , Facebook , Fears-over-controversial-crypto-proposal , Adeniyi-olowoporoku , Crypto-regulatory , Bangkok-post , Digital-assets-decree

IoTeX Is Now an Amazon Web Services Partner Network (APN) in China and the U.S.

IoTeX is now part of the Amazon Web Services Partner Network (APN) in the U.S. and China, a press release on Feb 25 reveals. A Boost for IoTeX, AWS Widely Adopted by Fortune 500 Companies The APN is a global partner program tailored for technology and consulting businesses. It is…

China , United-states , Chinese , Technology-partner , Amazon-web-services-partner-network , Iot-solutions , Iotex-is-now , Dalmas-ngetich , Select-technology-partner , High-cloud , Provide-iot

North American Car Dealership Company Accepts Crypto Payment for Its Vehicles

HGreg, a car dealership company with locations in the U.S. and Canada, would begin accepting bitcoin and other cryptocurrencies as a payment method for its vehicles. HGreg Blazes Trail With Crypto Payment Support The company made the announcement via a press release published on Tuesday (Mar. 2, 2021). According to…

Italy , United-states , Canada , Italian , America , American , John-hairabedian , Twitter , Its-vehicles , Anthonia-isichei , Blazes-trail-with-crypto-payment , North-america

Belarus Government Could Consider Exploring Crypto Mining Says Energy Minister

Reading Time: 2 minutes
by
Adeniyi Olowoporoku
on
February 26, 2021 Regulation
The Belarus government is exploring the prospects of tapping into the crypto mining industry to utilize its excess energy supply.
Crypto Mining on The Agenda
Belarus Energy minister Vikto Karankevich confirmed this development during a meeting with other energy stakeholders in the country. When quizzed on the prospects of using the country’s energy reserves to mine cryptocurrencies. Karankevich was positive with his reply and stated that the government was looking towards creating mining farms.
He further commented that other countries globally had developed mining industries successfully. “China mines the most bitcoin. Most of the world’s largest mining pools are located in this country. It accounts for 65% of the total network capacity. Mining farms are also developing in the USA, Canada, Russia, and other countries”.

China , United-states , Canada , Russia , Belarus , Vikto-karankevich , Alexander-lukashenko , Belarus-energy , Adeniyi-olowoporoku , Cryptocurrency-news , Current-cryptocurrency-news , Cryptocurrency-news-today

Canada: CI Financial Files for Ethereum (ETH) ETF

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by
Wayne Jones
on
February 26, 2021 Ethereum
On 25 February, CI GAM (CI Global Assets Management) heralded the filing of the CI Galaxy Ethereum ETF; furthermore, it received a preliminary prospectus for the same.
The First ETH ETF
As the company looks forward to the ETF launch, it will stand as the first-ever ETF investing directly on ETH. Also, it has selected Galaxy Digital Capital Management LP as the fund’s subadvisor; the ETF will be traded on the Toronto Stock Exchange (TSE).
CI Global Assets Management is a subsidiary of CI Financial, prided as one of the Canadian investment giants.

Canada , Toronto , Ontario , Canadian , Kurt-macalpine , Mike-novogratz , Bloomberg , Toronto-stock-exchange , Ci-galaxy-bitcoin-fund , Q-corp , Ci-fund , Purpose-investment-inc

Switzerland: 177-year-old Private Bank to Support Cryptocurrency Trading

Reading Time: 2 minutes
by
Dalmas Ngetich
on
February 25, 2021 Adoption, Regulation
A 117-year-old Swiss private bank, Bordier & Cie SCmA, is incorporating Sygnum Bank’s B2B banking platform to extend its offerings and include cryptocurrencies, a
More Regulated Channels of Buying Bitcoin and Cryptocurrencies
As a result of this integration, their clients can now–in a regulated environment, buy digital assets like Bitcoin and Ethereum. They will simultaneously diversify using Sygnum’s digital asset management products.
The infrastructure merger enables the private bank’s clients to participate in the burgeoning digital asset space confidently with the assurance that their activities are compliant with existing laws.

Switzerland , Swiss , Bordier-cie , Bordier-cie-scm , Evrard-bordier , Twitter , Nasdaq , Bank-to-support-cryptocurrency-trading , Sygnum-bank , Private-bank , Support-cryptocurrency-trading , Regulated-channels

Australia: Bitcoin Overtakes Gold in terms of Popularity, Survey Finds

Reading Time: 2 minutes
by
Aisshwarya Tiwari
on
February 25, 2021 Bitcoin
A report by an Australian crypto exchange posits that bitcoin (BTC) has eclipsed gold in terms of popularity in Australia.
Bitcoin More Popular than Gold
Per a report by Melbourne-based digital currency exchange BTC Markets, bitcoin is more popular than gold Down Under. The report based its findings on a survey of about 2,000 investors in Australia, finding that close to 12.6 percent of them held cryptocurrencies compared to 12.1 percent holding shiny metal.
Motley Fool, close to one in three crypto investors have made their first investment since March 2020 when the global stock markets crashed courtesy of the COVID-19 pandemic.

China , Australia , Japan , Melbourne , Victoria , South-korea , Australians , Australian , Cola-amatil , Consensys-software , Bitcoin-overtakes-gold , Survey-finds