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Belizean government seeks to promote and enhance Belize as an international financial services center. 247exchange.com, a Belizean exchange, enables instant payments from 400 banks Europe wide. Last updated: October 3, 2014.

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Belize’s IFSC Warns Investors about False Licenses of Forex Brokers

The financial watchdog of Belize released a series of warnings about forex companies that are operating in the country without a proper license. IFSC speaks out On Thursday, the IFSC blacklisted numerous firms, some of which were operating under the pretense that they were registered with the regulator. A few were clone firms that copied the authorized credentials, branding and logo of a legitimate firm to fool investors. The regulator went to suggest t investors who had participated in these schemes that they might not be able to recover their funds. The firms blacklisted by the agency include Optima FX Global Investment LTD. The company was claiming to be based in New York and used a fraudulent license no. IFSC/60/345/APM/18. Another company, UZMAN FX LLC, claimed to hold a fraudulent International Business Company license in Belize. In reality, the firm was not registered with the IFSC or any authority. Both firms have been ordered to cease and desist their financial services in the country. Fraudulent licensing problem It is mandatory for firms providing finance-related or financial services to the citizens to register with the IFSC. Operating without a license or using a fraudulent license will be considered a violation of the law. The regulator constantly keeps an eye on firms operating in the country and notices their suspicious conduct. In 2019, it went on to list several asset managers, binary options brokers, and forex services providers who were not licensed by the International Financial Services Commission any longer. The agency did not reveal why the licenses of these companies were being revoked. The firms were ordered not to continue their services without proper authorization. If they do, it will be counted as a criminal offense. Belize has been going through an epidemic of unlicensed firms extending their services to the people. The rise of cryptocurrencies has only added to the headache of the regulator. Therefore, it is trying to rapidly change and evolve the way in which it regulates both traditional finance and digital currencies. Previously, it issued a warning against OneLife Network, a cryptocurrency promoter that was not authorized to operate in the country. The post Belize’s IFSC Warns Investors about False Licenses of Forex Brokers appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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Belize Broker MTrading Halts Crypto CFD Offering Until Further Notice Due To Weaker Demand

MTrading Suspends Cryptocurrency Offering Until Further Notice Due To Weaker Demand The cryptocurrency bear market seems to be affecting the whole blockchain industry. This time, the Belize-regulated broker called MTrading has decided to suspend its cryptocurrency CFD offering due to weaker demand from clients. Now, the offering will be suspended until further notice. The information was released by Finance Magnates a few days ago. Traders that have open positions in the affected assets were left with a close-only feature. On February 28, the open CFDs will be closed at the market close price. Orders that were not filled will also be deleted. Thus, traders will not have the possibility to open new trades with cryptocurrency. The company commented on the matter: “While we believe our trading conditions were very good for crypto trading, the demand for these instruments was not what we had anticipated. We still believe blockchain and cryptocurrency has a place in the future, but for now, better opportunities lie in more traditional instruments.” It seems that the bear market is not attracting as many investors as it did in the past. At the end of 2017 and the beginning of 2018, the market was skyrocketing. Companies were launching Initial Coin Offerings (ICOs) and projects were gathering several million dollars in funds. The company, as well as other firms, launched their cryptocurrency products when Bitcoin and other digital assets were growing in price. Back in December 2018, each Bitcoin was traded close to $20,000. Nevertheless, as soon as it reached that value, the popular digital asset fell to new lows in December 2018. Due to the strong bullish trend in virtual currencies, created risk management issues that hindered the ability of several companies to sustain the digital asset. Because of this, some brokerages stopped offering Bitcoin CFDs. As Finance Magnates reports, a large number of brokers were reducing their exposure to cryptocurrencies after this bear market that affected the whole industry
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Knowable Cryptocurrency Supporter John McAfee’s Troubled Past Of Belize Neighbor May Not Be Over

The cryptocurrency enthusiasts and Bitcoin bullish has been found liable for the death of his neighbor in Belize Gregory Faull. According to news outlet The Register, his neighbor was found dead with a gunshot back in 2012. This verdict was reached in a United States’ district court in Florida. Although the case was closed by the judge, it was recently opened again after a ruling by the US Appeals Court. The legal battle was started five years ago by Gregory Faull’s estate. According to the San Pedro Sun, John McAfee’s neighbor was found death by a housekeeper in his living room. Faull had a gunshot wound to he back of his head. Local authorities went to McAfee's house in order for him to be declared as a witness, but McAfee had already traveled abroad. The US District Judge Gregory Presnell ruled: “The Court will enter default judgement as to liability in favour of Plaintiff and against Defendant for the wrongful death of Gregory V. Faull.” So as to determine what damages McAfee will have to pay, a bench trial has been scheduled for January 2019. McAfee did not engage of the legal process and he did not even hire a lawyer to follow the case. During his time living in Belize he has been accused of running a drug manufacturing operation and having unlicensed firearms. However, after the raid, local authorities dropped all he charges against McAfee. In a recent tweet linking to The Register, McAfee said, This was my 203rd lawsuit. I never answer them. I always default to whatever their lawyers claim. My first wrongful death was due to an airplane that crashed, piloted by my student pilot. I was found liable. I own nothing, and no one has ever collected.https://t.co/oI2wLxxL3X — John McAfee (@officialmcafee) November 16, 2018 As usual, the comments under the tweet seem to be very friendly for McAfee. He has a very respected voice in the crypto community and has always been promoting different blockchain and crypto-related projects to all its audience.
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Why Russia Dominates OTC While Malta, Belize Lead Exchange Sector

Malta and Belize are currently reported to be leading the cryptocurrency exchange industry in terms of trade-volume. On the other hand, Russia leads the way in over-the-counter (OTC) crypto transactions with over 2,000 bitcoin being traded weekly in Moscow. Local reports estimate that daily crypto trading figures in the country’s capital reach $50 million with volumes generally ranging between $10 and $20 million. However, actual figures are hard to come by because of the decentralized nature of the sector. The Unique OTC Market in Russia Cryptocurrency trading in Russia has grown significantly since last year in correlation with the industry boom that saw digital currencies reach unprecedented levels in value. Presently, government regulation in regards to OTC trading in the country is largely murky, causing a significant portion of the trades to be undertaken in fiat currencies like US dollars and Rubles. Individual traders and shops offer a variety of enticing deals to clients including fast, anonymous transactions and trades in numerous fiat currencies. According to local reports, the current Russian OTC marketplace is said to resemble its 90s forex market in which deals were undertaken right on the streets. No background checks are done, and one does not need to declare the origin of the funds. Most traders reportedly use peer-to-peer trading platforms such as LocalBitcoins. The allure of the Russian OTC market is said to reside in its innominate nature where anyone with cash or crypto, regardless of their background, can trade. This is in sharp contrast to the U.S. OTC market where trading firms implement stringent know-your-customer (KYC) policies and follow strict anti-money laundering (AML) laws. The Growth of the Malta, Belize Exchange Markets While Russia, China, and the United States dominate the OTC market, the Malta and Belize cryptocurrency exchange sectors are unrivaled. In Malta, daily trade volumes average over a billion dollars, while Belize’s exchange industry trades approximately $700 million within the same duration. According to data compiled by Morgan Stanley, daily cryptocurrency trades in Malta, Seychelles, and Belize exceed $2.6 billion. So what led to the exponential rise of these markets in such relatively small countries? Ecosystems friendly to crypto investors and start-ups has something to do with it. In Belize’s case, there is still not much in the way of government regulations restricting ICOs, which are crucial fundraising instruments for nascent companies. However, crypto trading enterprises in the country are regulated by the International Financial Services Commission of Belize. That said, the rules are not as stringent as say, in the United States, where minor infractions can attract major penalties and prosecution. The government of Malta has taken major steps to turn the country into a major crypto hub. In Malta’s case, the government has gone to extreme lengths to encourage cryptocurrency businesses to set up base in the country. The result is that it is now home to a significant number of them, including Binance, the world’s biggest trading platform in volume. Overwhelming government support has led to major industry developments, including a recently signed partnership between the cryptocurrency trading behemoth, Binance, and the Malta Stock Exchange (MSX). The deal will enable Binance to carry out security token trading. The post Why Russia Dominates OTC While Malta, Belize Lead Exchange Sector appeared first on CoinCentral.
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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.
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Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health
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Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin https://boxmining.com/tether-to-issue-rmb-cnht-stable-coin-rumor/ https://www.asiacryptotoday.com/tether-to-make-a-chinese-rmb-pegged-token-called-cnht https://cointelegraph.com/news/ukraine-crypto-miners-arrested-for-compromising-nuclear-plant-security https://www.coindesk.com/bitcoin-miners-halt-operations-as-rainstorm-triggers-fatal-mudslide-in-china 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: https://www.youtube.com/c/boxmining 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Enjin Wallet: http://boxmining.co/enjin 👍🏻Unstoppable Domain: http://boxmining.co/unstoppable 📲Binance Exchange : http://boxmining.co/binance #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: https://t.me/Boxdatamining Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
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Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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