FTX, one of the world’s largest cryptocurrency exchanges, continues expanding operations by inking major regulatory approval in The Bahamas. The Securities Commission of The Bahamas has registered FTX Digital Markets, the Bahamian subsidiary of the global FTX crypto exchange, as an official digital asset business, the firm announced Sept. 20. The regulatory approval is granted under the Digital Asset Registered Bill of The Bahamas, the country’s new digital asset-related legislation that came into force in late 2020. Also known as the DARE Act, the legislation establishes a comprehensive regulatory framework for digital asset operations in The Bahamas, regulating and supervising …
For a country of 25 million people, Australia punches well above its weight both economically and in the world of blockchain. Australians have long been enthusiastic adopters of new technology, from cellphones to smart homes, so it’s little surprise they’ve embraced crypto too. Chainalysis ranks Australia 20th out of 154 countries surveyed this year for its "The 2020 Geography of Cryptocurrency Report," citing favorable regulation that legitimizes the technology as driving "steady growth in adoption." Australian crypto educator Alex Saunders, founder of Nuggets News, said the Australian crypto community encompasses everyone from hardcore Bitcoin (BTC) maximalists to well-known Ethereans and …
Vietnamese online ticketing agency Future.Travel now accepts Bitcoin (BTC) payments via the Lightning Network (LN), with funds being converted into local currency at the time of sale. To enable LN-based Bitcoin payments, Future.Travel collaborated with Canada-based tech firm Neutronpay, which will provide Future.Travel its multi-currency merchant platform, according to an April 20 announcement. With the newly integrated option, the BTC transaction processing time will ostensibly be cut down to three to four seconds in most cases. Eliminating fraud, reducing transaction processing time Overall, Future.Travel has been supporting BTC payments for over six years and recently added other cryptocurrencies like Litecoin …
Following the announced integration of the payment app Strike with e-commerce platform Shopify to accept Bitcoin (BTC) through the Lightning Network, the crypto community raised concerns over the legal implications of the move. Crypto researcher Matt Ahlborg believes that the event is a very significant development for BTC as it allows the offloading of BTC without the need to go through the know-your-customer (KYC) process. What Jack Mallers is really saying is that you will be soon be able to offload your Bitcoins in the real world without KYC'ing through an exchange first. If this is true, it is actually …
The Lightning Network (LN) just got a bit faster, as the suitably named Bolt Card now enables Bitcoin (BTC) enthusiasts to pay for goods and services using contactless technology. A data analyst at the company behind the card, CoinCorner, took the Bolt card on a trial run on the Isle of Man, a British Crown dependency in the Irish Sea. “MSW” — as he is known — tapped to pay at more than eight point-of-sale (PoS) devices during his lunchtime investigation. It worked like this: For any PoS device showing a Lightning invoice, MSW simply hovered the NFC-enabled Bolt Card …