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FBI Director Christopher Wray and Justice Department Inspector General Michael Horowitz are expected to be the centers of attention Monday when they testify before the Senate Judiciary Committee on Horowitz’s bombshell report on the FBI’s investigation of Hillary Clinton’s personal email server.
U.S. employers extended a streak of solid hiring in May, adding 223,000 jobs and helping lower the unemployment rate to an 18-year low of 3.8%.
The Labor Department says average hourly pay rose 2.7% from a year earlier, a slightly faster annual rate than in April. But pay growth remains below levels…
The third largest cryptocurrency exchange by volume, Huobi, appears poised to enter the Brazilian market – with local reports indicating that the company has established an office in São Paulo, in addition to seeking to hire local talent. The interest in Brazil’s market comes at a time of peak interest in cryptocurrency among Brazilian citizens, according to reports.
Huobi Expected to Enter Brazilian Cryptocurrency Markets
Local media is speculating that Huobi, the third largest cryptocurrency exchange by trade volume, is readying itself to discreetly enter Brazil’s virtual currency markets.
The speculation appears to be informed by multiple events, including accounts that Huobi representatives were witnessed handing out business cards during the recent “Bitconf VI São Paulo” conference. The company has also been in contact with notable figures in Brazil’s cryptocurrency sector and has established an office in the major municipality and Brazilian financial hub of São Paulo, according to reports.
Additionally, the company has been spotted advertising job positions specific to the Brazilian market via LinkedIn. Currently, Huobi is seeking to hire two new staff based in the Sao Paulo area – a Chief Compliance Officer, and a Digital Marketing Manager.
An entrance into Brazil’s cryptocurrency industry on the part of Huobi is expected to comprise a significant event for Brazil’s virtual currency markets – with data from Cryptocompare estimating the combined 24-hour volume trading volume of Brazil’s leading exchange (approximately $ 3.15 million BRL, or $ 840,000 USD) to equate to approximately 0.68% of the roughly $ 122.5 million USD worth of BTC/USDT that was traded on Huobi during the same time period.
Brazilian Cryptocurrency Adoption on the Rise
Brazil’s cryptocurrency user base appears to have grown considerably in just a few years, with Brazilians estimated to have moved approximately $ 2.4 billion in bitcoin during 2017 – a 1,400% increase from the $ 160 million estimated to have been moved by Brazilians in 2016.
Eduardo Ferreira, the head of international business development in London for the Brazilian cryptocurrency exchange Foxbit, recently stated that “the guys who used to hide dollars under their mattresses, now they are hiding it in Bitcoin.”
Mr. Ferreira added that Brazilians of all demographics are purchasing bitcoin, stating “It’s students buying it. It’s 60-year-old bus drivers.”
Do you think that Brazil will come a major player in the cryptocurrency markets in coming years? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, Huobi
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A decade after Chrysler filed for bankruptcy, a nearly debt-free Fiat Chrysler Automobiles is preparing to unveil a growth plan for the next five years at a test track outside Milan.
WSJ.com: US Business
Three are facing charges connected to the tragedy.
RBS to pay $4.9 billion to settle U.S. claims it sold risky mortgage bonds, half of what was expectedMay 11, 2018 | dailybusinessnews
If HSBC Holdings, UBS Group and Wells Fargo & Co. were concerned that the Trump administration might continue the big-ticket bank penalties of the Obama era, there are mounting signs that they need not be.
Royal Bank of Scotland Group says it has reached a tentative deal with the U.S. Justice Department…
Taiwan’s Minister of Justice has indicated that the country is anticipating to have implemented a regulatory apparatus for cryptocurrencies by November 2018. The Minister made comments revealing the expected deadline during a recent anti-money laundering conference.
Cryptocurrency Regulations Expected to be Enacted in Taiwan Before 2019
High-ranking Taiwanese officials have indicated that the country intends to develop and introduce a legislative framework for cryptocurrencies by November this year.
The announcement was made by Taiwan’s Minister of Justice, Qiu Taisan, whilst speaking at a conference dedicated to money laundering prevention in the financial services industry, which was held by The Taiwan Financial Services Coalition.
Mr. Taisan indicated that cryptocurrency and bitcoin are increasingly being seen as a subject of considerable concern. Mr. Taisan also revealed Taiwan’s Financial Supervisory Commission (FSC) will be tasked with developing the country’s regulatory apparatus for virtual currencies, with consultation and assistance expected to be provided by Taiwan’s Ministry of the Interior, Central Bank, and the Investigation Bureau.
Money Laundering Among Chief Concerns
At the event, Gu Lixiong, Taiwan’s Chairman of the Financial Supervision and Management Commission indicated that preventing cryptocurrencies from becoming a vehicle for money laundering is among the principal objectives of the coming regulations, citing its pseudonymous nature as posing significant challenges to authorities.
Mr. Taisan also revealed that on April 10th, Taiwan’s Legal Department had invited representatives of two domestic cryptocurrency exchange operators to provide consultation regarding the operational processes underpinning virtual currency trade.
Taiwanese Legislator Calls for Regulatory Clarity
Yu Wanju, a Democratic Progressive Party member of the Legislative Yuan, has posted on Facebook demanding clarity from Taiwan’s FSC regarding its stance on bitcoin and cryptocurrency.
Mrs. Wanju implored the FSC to clarify as to whether or not bitcoin-relate financial activities are legal in Taiwan, emphasizing that failing to do so may prevent the country from being competitive in attracting investment from major companies operating within the emerging cryptocurrency sector. According to a rough translation, Mrs. Wanjua stated: “In order to attract top international companies and foreign capital to reinvigorate Taiwan’s economy, the most pressing matter of the moment is to set up a clear legal framework and get rid of the uncertainty.”
Late last year, the chairman of the FSC, Wellington Koo, confirmed that Taiwan would not follow China’s footsteps in pursuing a prohibitive regulatory apparatus pertaining to cryptocurrencies.
Do you think that Taiwan will seek to position itself as an attractive destination for cryptocurrency businesses? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
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This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post PR: Brock Pierce and 25+ Crypto Whales in the Most Expected Coinsbank Event of the Year appeared first on Bitcoin News.
A survey of 104 health facilities, commissioned by the opposition, paints a grim picture of a collapsed system hurting for the most essential goods and services.
CNN.com – RSS Channel – Regions – Americas