BTC-e Establishes New PAMM Service
Popular cryptocurrency exchange BTC-e announced via their website this week that they are now offering traders their new PAMM service, a first in the sector. PAMM - or Percent Allocation Management Module - will allow BTC-e investors to follow the trading strategies (using a slave account) of both professional and experienced traders (a master account). Over the past several years PAMM technology has been extensively used by traders in the currency exchange markets. It is a proven and effective instrument for money management, investments and strategy copying. BTC-e is the first....
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BTC-e, the popular and highly secretive Europe-based digital currency exchange, has launched a new service to add percent allocation management module (PAMM) accounts to its platform, a move that effectively allows site traders to become money managers for other users. BTC-e stated that the launch of PAMM accounts adds a "proven and effective" money management tool to the website, one used in traditional currency exchange markets. PAMM account providers will be able to open account pages, which are then ranked based on performance and stability. Subscribers then search BTC-e for account....
A law project introduced in June in the National Congress of Brazil has jumped into the spotlight recently because it establishes a fixed period for the executive to start regulating cryptocurrency transactions. If approved, the proposal will establish the payment of taxes for cryptocurrency-based transactions. The project is being reviewed by the Chamber of Deputies and will have to be analyzed conclusively by the Finance and Taxation Committee.
Cryptocurrency Transactions to Be Regulated in Brazil
A law project proposal, Bill 2140/21, that was introduced to the Chamber of....
The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after establishing a general framework in August.
Bank of Cuba Clarifies Rules for VASPs
The Cuban government has advanced a new law framework that brings clarity to how virtual asset service providers must proceed to operate legally in Cuba. A new decree, identified with the number 89/2022,....
Nasdaq has announced the launch of “Nasdaq Digital Assets” citing increased demand for digital assets among institutional investors in recent years. Initially, the new crypto unit will offer custody solutions for bitcoin and ether to institutional investors.
Nasdaq Establishes Crypto Unit
Nasdaq (Nasdaq: NDAQ), the world’s second-largest stock exchange, announced Tuesday the launch of a new business called “Nasdaq Digital Assets.” Initially, Nasdaq Digital Assets will develop an institutional-grade custody solution, the announcement....
Sunacrip, the Venezuelan cryptocurrency watchdog, has recently published a new set of AML/KYC requirements for VASPs (Virtual Asset Service Providers) that establishes new and updated rules about the kind of information these providers must require and share with the Venezuelan government, raising alarms in the cryptocurrency community about what the government could do with this data. Venezuelan Crypto Watchdog Sunacrip Strengthens KYC/AML Requirements for VASPs Last week, the Superintendence of Crypto Assets and Linked Activities of Venezuela (Sunacrip), quietly published a new set of....