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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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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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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
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BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
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