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Cryptocurrency Daily Roundup - April 11


Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

International Chamber Of Commerce Forms Blockchain Alliance: Forbes

International Chamber of Commerce or ICC, which is deemed to be the world's largest business organization, is forming a blockchain technology alliance, according to a report by Forbes. With the move, the organization aims to explore how to use the distributed ledger technology to continue its mission to facilitate the free flow of goods across globe. John Denton, the ICC's current secretary general, signed an agreement with the Singapore-based blockchain startup Perlin Net Group to create a new group, the ICC Blockchain/DLT Alliance.

Coinbase Unveils Crypto Visa Debit Card For UK, EU Customers

Cryptocurrency exchange major Coinbase launched Coinbase Card, a Visa debit card that lets customers spend their crypto balances direct from their Coinbase account. The Coinbase Card is currently available only in the UK, but the exchange plans to support other European countries in the coming months.In a blog post, Coinbase said it is the first debit card to link directly with a major cryptocurrency exchange in the UK and EU. The card is issued by Paysafe Financial Services Limited, which is authorized by the Financial Conduct Authority.

Bill Introduced To Ensure Clear Crypto Regulation In The US

A bipartisan legislation was introduced in the House of Representatives to give cryptocurrencies a clear legal standing in the United States. Following a year of consultations and amendments, Rep Warren Davidson (OH-08) reintroduced the Token Taxonomy Act of 2019 to provide regulatory certainty for businesses, entrepreneurs, and regulators in the country's blockchain economy. The aim is to exempt certain cryptocurrencies and other digital assets from federal securities laws, allowing individuals to more easily trade or transact with select coins.

New York Denies BitLicense To US Cryptocurrency Exchange Bittrex

The New York State Department of Financial Services or NYDFS denied virtual currency license, known as a BitLicense, to U.S.-based cryptocurrency exchange Bittrex for failure to meet the licensing requirements of DFS.
The NYDFS found deficiencies in Bittrex's Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/ Office of Foreign Assets Control (OFAC) compliance requirements, deficiency in meeting the Department's capital requirement, and deficient due diligence and control over Bittrex's token and product launches.

Current Prices

As of this writing, Bitcoin is declining 3.97 percent or $208.98 at $5070.01 on Coinbase. Ethereum is down 8.66 percent or $15.57 at $165.07.

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