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Local Cryptocurrency Exchanges a Questionnaire Send by Brazil’s Government

Cryptocurrency Exchanges Questionnaire: According to a report from local news outlet Portal do Bitcoin, the government has been sending the crypto exchanges a 14-point questionnaire through their contact forms for the last two weeks. The document is reportedly being sent under the Ministry of Finance’s name. The Brazilian government has reportedly sent the country’s top cryptocurrency exchanges an inquiry in an attempt to know more about their businesses and study their potential use in money laundering.   The local news outlet claims to have contacted three cryptocurrency exchanges among the…

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Cryptocurrency 

The Accounts of Domestic Cryptocurrency Exchange Shutdown By Colombian Banks!!

Colombian banks have closed Buda.com’s accounts, Alejandro Beltran, chief executive officer of the cryptocurrency exchange, announced. The country’s monetary Supervisor antecedently sent a notice warning monetary establishments concerning exploitation their platforms to support cryptocurrencies. Banks Bancolombia, BBVA and Davivenda have all closed Buda.com’s accounts, in keeping with infobae.com. Other cryptocurrency platforms similar to BitINKA and Panda Exchange haven’t rumored such problems. Beltran aforesaid the notice was a warning and didn’t need action. The letter from Jorge Castano Gutierrez, Colombia’s monetary superintendent, aforesaid the entities beneath police investigation aren’t licensed to…

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Cryptocurrency 

Difficult to Charge Cryptocurrency Exchange UPBit Since No Investors Affected: Expert

Experts in the cryptocurrency sector of South Korea have stated that it will be difficult for the government and local financial authorities to file charges against UPbit, South Korea’s biggest cryptocurrency exchange, given that no investors were affected. Funds Real, No Investors Affected Last week, UPbit was raided and investigated by local police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud. Local financial authorities accused UPbit of inflating its balance sheet and claiming to have more funds in various cryptocurrencies than their actual…

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Bitcoin 

‘Put Your Money Where Your Mouth Is’: Winkelvoss Dares Bill Gates to Short Bitcoin

Bill Gates, the second richest person in the world with an estimated net worth of $90 Billion, said in an interview with CNBC that he would short bitcoin if he could because it is worthless. “I would short it if there was an easy way to do it. As an asset class, you’re not producing anything, so you shouldn’t expect it to go up,” he said. “It’s kind of a pure ‘greater fool theory’ type of investment.” This is not the first time Bill Gates criticised cryptocurrencies. In fact, in…

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Bitcoin News 

Today $140 Million Bitcoin Moved from Mt.Gox Wallet

Approximately 16,000 BTC associated with the infamous and now-defunct Bitcoin exchange Mt. Gox were moved on Thursday, sparking speculation that the estate’s trustee is preparing to liquidate more coins. The transactions — worth nearly $141 million — were first flagged by CryptoGround — a service that monitors Mt. Gox’s Bitcoin and Bitcoin Cash wallets. Blockchain data indicates that the coins, which came from multiple addresses, were consolidated into a single wallet, with 0 BTC remaining in the source addresses. Notably, the 16,000 Bitcoin Cash stored that corresponded to those same…

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