PwC Luxembourg to Start Accepting Bitcoin Payments

PwC Luxembourg, a European branch of the major institutional auditing firm, will start accepting payments in bitcoin from its clients on October 1, 2019. PricewaterhouseCoopers (doing business as PwC) is the second-largest professional services firm in the world and one of the world’s Big Four auditors, along with Deloitte, EY and KPMG. The decision to…

Legacy Trust Launches Digital Asset Pension Plan

In what it claims is a world’s first, Legacy Trust Company Limited is launching a voluntary pension plan open to employers and the self-employed for which contributions and the underlying portfolio can include digital assets. “Investors are moving beyond speculation — they want to use digital assets and bring them into a diversified portfolio,” Vincent…

Dutch Central Bank to Supervise Crypto Companies

De Nederlandsche Bank (DNB), the central bank of the Netherlands, has announced that private firms catering to the cryptocurrency community in the region will soon come under its direct supervision. The DNB’s exact relationship to the Dutch government is somewhat complicated. Founded in 1818 as a private corporation, the DNB is directly owned by shareholders,…

Thai Crypto Exchange BX.in.th Shuts Down

Bitcoin Co. Ltd., (BX.in.th) a popular crypto exchange in Thailand, is shuttering its services. In a company announcement, last updated on September 2, 2019, the exchange claimed that the closure will allow it to focus on other business opportunities. It instructed customers to withdraw their funds, as deposits and trading would be disabled from September…

Heavy-Handed Regulations Run Cryptominers Out of Iran

The Iranian government’s recently ratified cryptocurrency mining regulations are so severe that they appear to be forcing large-scale miners to move their operations abroad. Days after President Hassan Rouhani’s cabinet implemented a set of cryptocurrency mining regulations on August 4, 2019, reports of miners packing up their gear to move started coming in. Russia, Georgia,…