A bank in Argentina could soon become the first in the world to begin using Bitcoin for customers’ international remittances. Service Highlights ‘No Intermediaries’ The initiative, which Banco Masventas (BMV) launched May 22nd, is the result of a partnership with local blockchain financial services startup Bitex. Once payments begin being sent, BMV will likely become the world’s first banking institution to actively leverage Bitcoin as an international payments standard. The move is a conspicuous move
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The Central Bank of the Argentine Republic (BCRA) has this month eased regulations regarding automatic teller machines in the country. The (perhaps unexpected) upshot of this has been a plan to install 4000 new crypto-enabled ATMs. Rules, Rules, Rules The new regulations do not contain any direct reference to bitcoin or cryptocurrency. Rather, they allow the installation of ATMs in non-banking establishments, such as supermarkets, shopping centers, and cinemas. In addition, the regulations allow independent players
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A Japanese government official has revealed that the country will ask G20 members to strengthen security measures in an effort to prevent money laundering by way of cryptocurrency. Whether or not Japan will get help from its G20 counterparts, however, remains to be seen. Japan Wants Help, but Probably Won’t Get It Japan will ask its G20 counterparts for help in the fight against digital currency-utilized money laundering, according to a government official with direct
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The average citizen in many Latin American countries has turned to Bitcoin in order to survive, and now many wealthy families are becoming a believer in the cryptocurrency and are buying as much as they can. The economic situation in many Latin American countries is extremely dire. Hyperinflation has hit Peru, Bolivia, Argentina, Venezuela, and Brazil, with some countries in worse shape than others (Venezuela). Many normal residents began to turn to Bitcoin when the
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As a sign of Bitcoin’s growing strength in Latin America, the fourth annual laBITconf returns to Buenos Aires from November 4-5. With over 60 high-profile speakers, the event is becoming one of the Bitcoin industry’s hottest tickets. Also read: ‘GAME Changer’ Announced at Coinsbank Blockchain Summit in Turkey Major speakers will include Andreas Antonopoulos, Peter Todd, Anthony Di Iorio, Erik Voorhees and Trace Mayer. Representatives from IBM and Microsoft will attend, along with five of the
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Another small rise is in the books. Following a drop to $639, the price of bitcoin has jumped up to about $645 at press time. Also read: Pounds vs Yen: The Battle Over Bitcoin Rages On At first glance, this appears to be a meaningless rise. Just a few dollars, nothing to scream and shout about, but considering the circumstances surrounding the halving that has now officially taken place, the results are something to celebrate.
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Nubis and Santiago agreed in setting up a website so that he could be accepting Bitcoin online. A week after Nubis had the site up and running and selling organic vegetables every day. It solved a bunch of issues for Santiago; not only receiving payments but also taking orders and keeping track of who order what and how they paid.