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Arab Bank Switzerland, a sister firm of the Middle East-based banking bull Arab Bank which was the first Arab monetary organization to launch a presence in Switzerland, is now providing trading and custody services for Bitcoin (BTC) and Ethereum (ETH), the globe's first and second leading cryptocurrencies. As per the Sept. 19 report by The Block, the effort implies institution’s high net-worth customers, counting business giants and family businesspersons, can now have access to cryptocurrencies.

It is indeed an obstinate time for Forbes as news media in China calls its recently issued report on the Chinese government digital currency “baseless guesses.” A report that was published by Forbes’ cryptocurrency editor known as Michael del Castillo on Tue Aug 27, 05:13pm showing that Paul Schulte, ex global head of financial strategy at China Construction Bank, has identified 7 giant companies to have access to the Chinese state-owned virtual asset called Digital Currency/Electronic Payments (DC/EP).

According to the Minister of Economic Development (MiSE), Luigi di Maio, the protection of Made in Italy will essentially pass for the blockchain tech and the tracking of every single product. Minister revealed this recently while on the occasion of the presentation of the 33rd ICE Report and of the ISTAT-ICE Yearbook. It is appalling to know that the country has around €40 billion of real Made in Italy in the entire world and 100 billion of fakes.

The US federal government revenue service, the Internal Revenue Service (IRS), has started the exercise of emailing around 10,000 letters to different Bitcoin and cryptoasset holders that have maybe failed to pay or report taxes and income on digital asset transactions. They are trying to warn them to act in accordance with the federal tax laws, The WSJ reports.

Police detectives in the Chinese City of Zhenjiang recently confiscated about 4,000 bitcoin mining computers. According to the police, the miners illegally connected their mining machine to the Electricity grid. Further report indicates that electricity worth more than $3m was illegally used for mining.

A recent Kaspersky report shows that ignorance is slowing down Bitcoin, cryptocurrency and blockchain technology adoption in Italy. Around 84% of the Italian people have never bought or used cryptocurrency. The citizens fear that cryptocurrencies have no strong security, considering the losses users and exchanges have made since the Bitcoin inception.

A report by GoDaddy shows that an unidentified individual purchased Loser.com, a domain worth more than $21,000, and he/she has used this particular platform to violently mock Craig Steven Wright, a 49-year old businessman from Australia claiming to be Nakamoto Satoshi, the original Bitcoin inventor.

With all eyes now on revolutionary novelties including blockchain, bitcoin, and distributed ledger technology, the CEO of Goldman Sachs Group, David Solomon, believes blockchain tech is the new wave of the future, according to a recent report by Les Echos, a French daily newspaper.

A report by the Financial Intelligence Unit (UIF) of the central Bank of Italy shows that the recycling alert on Bitcoin, Ether, Ripple and other major cryptocurrencies is greatly increasing. The report largely focused on the suspicious transactions carried out between 2017 and 2018, and found out that they soared by around 208 to 499 – which is 140% in terms of percentage. The report of suspicious transactions mainly talks about transactions for the buying or sale of digital currencies.