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🚀 Russia go crypto, India no-go crypto? 🤔
🚀 Russia go crypto, India no-go crypto? 🤔
| | | Giving you all the Crypto Updates you need for the day |
| | | [Sponsored]🔥🔥 BitForex´s second project Mycro to be featured on their Turbo platform.
Just over a month ago, BitForex´s first project sold out in just 1 minute and 53 seconds on Turbo platform, cementing the exchange's efforts to highlight worthwhile projects for community members.
Now, a second project is coming — Mycro and the MYO token will appear on BitForex Turbo starting on June 11th, giving potential buyers the chance to join the ranks of other MYO token holders at a relatively early stage of the project.
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| | 💸 Russia considers creating a Financial Center for crypto Trading on the Chinese border
A proposal is being considered to create an offshore financial center on Bolshoy Ussuriysky Island, a lake island that shares a border with China.
Said financial center would be a hub for cryptocurrency trading — as well as other financial operations.
The proposal for such a center mimic initiatives such as the "crypto island" of the Philippines and the "crypto valley" in the Swiss.
| | 🚫 India's draft bill proposes a 10-year jail sentence for using cryptocurrencies
India has proposed a draft bill banning cryptocurrency trading, which could impose severe criminal penalties for violations.
Dubbed 'Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019', its passage will render all crypto-related activity illegal in India.
The new bill also proposed creating a new official cryptocurrency—the Digital Rupee.
| | 🔪 Bittrex disabled all New York-based user accounts, assets unrecoverable
Bittrex is officially unavailable to New York based customers, user accounts are closed, assets that are not yet withdrawn are unrecoverable.
Effective 9th June, Bittrex no longer provides its service to the resident within New York State jurisdiction.
According to an announcement, this is resulted from Bittrex's compliance to the State after it rejecting its BitLicense application.
| | | Litecoin Halving is happening in less than 2 months.
Historically, there is always much excitement (and activity) over a halving event. Set to only occured approximately once every 4 years, this is the second time where Litecoin's block reward will be reduced to half.
A halving event will fundamentally shift the value proposition of a PoW coin such as Litecoin as the Stock-to-Flow ratio of the cryptocurrency undergoes a huge and sudden change within a block - in other words, smart investors will be monitoring this event closely.
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