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1.Ripple All Set For Wider XRP Expansion In Brazil In 2020
Following the $200 million investment that Ripple had raised recently, it is looking forward to expanding its base in Brazil and explore the vast remittance market. Ripple’s CEO for Brazil, Luiz Antonio Sacco, has said that Brazilian banking regulations for businesses will create immense opportunities for Ripple in the future.
2. Bitfinex Adds KYC Requirements, Asking Users for More Info
Major cryptocurrency exchange Bitfinex has reportedly modified its KYC requirements. It has sent emails to its users to provide additional information to boost the identification process.
3. Indonesian Rupiah(IDR) and Tether(USDT) Trading Pair on Huobi Indonesia
Huobi Cryptocurrency Exchange is planning to launch a fiat gateway in Indonesia for trading fiat-crypto between Tether and Indonesian Rupiah. In a recent announcement, the exchange revealed that the platform would enable investors to use Indonesian Rupiah and trade at least 250 cryptocurrencies available on its subsidiary Huobi Indonesia.
4. Central Banks Hoards Record-Breaking Amount of Gold in 2019
Central banks purchased the highest amount of gold, i.e. 668 tons this year, which indicates the erosion of trust in USD as a reliable financial reserve. In the wake of an economic slowdown, various central banks are planning to issue their stable coins or digital currencies.
5. China May Soon Have Its First Blockchain Exchange-Traded Fund
The China Securities Regulatory Commission (CSRC) has recently received an application to list an exchange-traded fund to track blockchain-related stocks. If the CSRC approves this request, it would be the country's first ETF with a complete blockchain theme that is open to public investors.
6. Coinbase Set To Remove Dapp To Comply By Apple's Policy
Coinbase, one of the largest crypto exchanges in the United States, has decided to remove the Dapp browser from Apple's App Store. The decision was made to comply with the App Store policy, which might remove the Dapp browsing feature.
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