The Bank of Mexico (Banxico) has revealed its intention to impose stricter rules and regulations on the cryptocurrency sector. This includes compulsion of crypto exchanges and banks in the business of cryptocurrency in the country to obtain a permit from the apex bank. Banxico published this via a circular in Diario Oficial de la Federación, the official daily of the Mexican authorities.
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Another police-related story in the cryptocurrency world arrives from London. This time, £500,000 ($667,000 USD) worth of Bitcoin (BTC) have been seized by the police. According to CNBC, the case is the first of its kind for the centennial department.
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Most of us have heard about Coincheck and how it got hacked in January 2018. The reality is that the hack was one of the biggest of all times in the crypto market. But this is not a reason to stop profiting. Apparently, the exchange was able to remain profitable even after the hack. In 2017 it registered a profit of $491 million dollars.
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Bitcoin and cryptocurrency exchanges have always suffered from different hacks and attacks. It is always said that cryptocurrency exchanges are not the best place to store your cryptocurrencies because they can be hacked at any moment.
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