Crypto asset service providers will have to subject their customers whose trading volume is over 75,000 TL to the customer recognition process and they cannot establish any business relation with the customers whose credentials are not enough. The documents obtained will be kept by the service providers for 8 years. Additionally, all suspected transactions without looking at its trading volume will be reported to MASAK and the service providers will have to inform MASAK regularly.
Sotheby’s Will Accept Payment in BTC and ETH
Sotheby’s, one of the biggest fine arts auction houses around the world, has announced that they will accept Bitcoin and Ethereum as payment for Banksy’s iconic artwork “Love is in the Air”.
40% of the Mastercard Clients Want to Pay in Cryptocurrencies
The survey conducted by the USA based finance giant Mastercard with 15,563 participants has revealed that 40% of its clients want to pay with their crypto assets in the following year. The company has already stated that they will start to support cryptocurrencies before the end of the year.
The US Treasury Secretary Yellen’s Interest Rate Comments
Upon the panic sales following the US Treasury Minister Yellen’s statements about the potential raise in interest rate, the treasury secretary had to make another statement that the rate hike is not something expected or recommended.
China Partners with Ant Group for Digital Yuan
Chinese Central Bank will cooperate with Ant Group, the fintech establishment of Alibaba Group, to create a technical platform that supports digital currency studies.
SEC Denies Having Crypto Documents Critical To Ripple Defense
The judge had previously ruled in favor of Ripple for the SEC to deliver documents related to Bitcoin, Ethereum and XRP. However, the SEC stated that they do not have any documentation regarding the cryptocurrencies in question. Judge Netburn concludes that Ripple has increased its defense, while the Ripple defense team emphasizes the crucial importance of understanding how the SEC determines the securities classifications.
SmartZip Will Launch Its Own Chainlink Nodes
SReal estate data analysis company SmartZip has announced that they will join the decentralized oracle network by setting up their own Chainlink nodes.
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