Croatia Now Has Its Own Self-regulating Body for Blockchain and Crypto

Croatia becomes the third country with its own self-regulating body for blockchain and cryptocurrency  
19 February 2018   526

A company known as UBIK becomes Croatia’s self-regulating body. It will also work regulating this industry in the coming years.

Croatia is not usually associated with blockchain and cryptocurrencies. UBIK was created to improve this situation. UBIK’s goal is to spread cryptocurrency and blockchain awareness first and foremost.

This organization was registered on February 13. It began operations after receiving approval on February 17. At the moment, the organization was joined by at least 70 members, which confirm a growing interest in cryptocurrency and blockchain technology.

UBIK also wants to focus on a regulatory framework for ICOs. Representatives of UBIK had a meeting with officials from the Central Office of Tax Administration. They discussed crypto taxation. Yet it is unclear how they plan to do so exactly.

It seems that this self-regulating body is supported by the government. The Croatian government has not taken an official stance against these technologies.

Bitfinex to Launch New Improved Fiat Deposit System

New system of deposists supports 4 popular currencies and requires KYC procedure completion
17 October 2018   93

Bitfinex Cryptocurrency Exchange has introduced a new system for fiat currencies deposits: the US dollar (USD), the British pound (GBP), the Japanese yen (JPY) and the euro (EUR). Now, the users who have completed the KYC procedure will create an application, indicating the deposit amount and currency, and the platform representatives will consider it within 48 hours.

Then, if approved, users will be sent the recipient's bank data, and the deposit itself will be credited to the account within 6-10 business days.

In this case, the minimum threshold of $ 10,000 was not abolished.

Earlier, Bitfinex had an anomalous growth of Bitcoin to the level of $ 7,788, which was associated with the possible collapse of Tether.

Nevertheless, the USDT price also stabilized, and representatives of the issuer said that the tokens were fully secured.