Crypto Digest #16: Square Cash App, India’s Crypto Blues, IOTA’s Smart City Partnership

Square Cash App accepting Bitcoin, India’s crypto blues, Russian largest bank plans to facilitate crypto trades in Switzerland and IOTA empowering Taipei’s smart city vision. These are your today’s most important crypto news, presented to you by the Divers Collective.

India: Bitcoin Prices Drop As Media Misinterprets Govt's Regulation Speech

• The statement of India’s finance minister Arun Jaitley seems to be misinterpreted in mass media.
• Arun Jaitley stated that India will take action against illegal activities involving cryptos, which was interpreted as a ban of cryptocurrencies.
• It’s important to note, that crypto exchanges in Indian banks recently froze crypto exchange accounts and the overall tenor regarding cryptos toughened in 2018.

Sberbank Considering Crossing Into Switzerland For Cryptocurrency Trades

• Largest Russian bank Sberbank announced it plans to establish a crypto exchange in Switzerland.
• To facilitate this plans a Swiss entity named “Sberbank AG” with HQs in Zurich is to be established.
• Sberbank’s focus on the Zurich-based branch makes sense since Russian law doesn’t permit crypto trading services while Switzerland’s regulations allow it.
• Sberbank has already signaled its interest in crypto and launched a Blockchain Lab earlier this month.

EU Opens 'World's Most Comprehensive' Blockchain Observatory And Forum

• European Commission announced its plans to launch of Blockchain Observatory and Forum.
• According to European Commissioner Mariya Gabriel the project is aimed to become “one of the world’s most comprehensive repositories of blockchain experience and expertise”.
• Open platforms for crypto and blockchain experience exchange could help countries to catch up some of the world’s most crypto-progressive countries, such as Switzerland, Canada, and Japan. More so, if crypto friendly regulations will follow the progressive talk.

Square Cash App Releases Bitcoin Buy/Sell Option To Almost All Users

• Square Cash App enabled Bitcoin trading for most of its users.
• Cash App lets you instantly pay your friends. The app is currently only available to the residents of U.S. and you can check it via this link: https://cash.me/

City of Taipei to Use IOTA's Blockless Tangle for its Smart City Goals - Coinjournal

• Taipei, the capital of Taiwan, partners with IOTA to empower its smart city initiative with IOTA’s distributed ledger technology.
• One of the project’s goals is to create citizen digital ID cards.

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