Minister of Treasury and Finance Lütfi Elvan has stated that the interest in cryptocurrencies has been increasing since the beginning of the pandemic and ban is not on their agenda. Elvan added that they are making the necessary preparations for the legal regulations and studying on a new law.
Metromile Will Accept Bitcoin for Premium and Claim Payments
An auto insurance company Metromile has stated that they will purchase $10 million worth of Bitcoin in the second quarter of 2021. The company says the policyholders are now able to pay for their premiums and receive their claim payouts in Bitcoin or other cryptocurrencies.
LTC Price Hits 13-Month High against Bitcoin
Litecoin of which the number of active wallets has been increasing since the beginning of 2021, has reached its 13-month high against Bitcoin. This increase indicates that investors' interest in Litecoin continues and LTC will continue its rising trend.
Iran Reiterates Ban on Trade of Cryptocurrencies
The Central Bank of Iran has announced that only cryptocurrencies that are mined through legal channels inside Iran would be authorized for processing payments. It has been considered that Iran wants to stop the capital outflow with this update.
Congress Should Regulate Cryptocurrencies, says SEC Chairman
The Securities and Exchange Commission’s Chairman, Gary Gensler has stated that the Congress should regulate the cryptocurrencies to protect the investors and to instill greater confidence.
The U.S. Tax Office Seeks to Learn about Taxpayers
The US Tax Office (IRS) requested access to user information of taxpayers who made a minimum of $ 20,000 worth of transactions on the US-based international crypto currency exchange between 2016 and 2020. This request of the IRS was approved by the Court.
Ripple Doubles XRP Sales in the Q1 of 2021
In the last quarterly report released by Ripple, it was stated that total XRP sales in the first quarter of 2021 has increased by approximately 97% to $150.34 million compared to the previous quarter.
Goldman Sachs Offers Bitcoin Derivatives to Its Clients
Goldman Sachs offers its investors the option of non-deliverable forwards, a bitcoin derivatives product, reports Bloomberg. On the other hand, Goldman has already begun offering Bitcoin derivative contracts to customers last month to test their hedging methods reportedly.
Citi Considers Cryptocurrency Services
Investors trading bank Citi is considering to start cryptocurrency services after the increasing interest in cryptocurrencies.
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