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Canadian regulators have issued guidelines for crypto companies that warn against “gambling style” advertising and marketing.

“Misleading advertising and inappropriate marketing strategies can encourage investors to take risks that they would normally avoid,” said Louis Morisset, president of CSA.

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have issued guidelines for cryptocurrency trading platforms operating in the country to avoid “publicity material. and marketing that could mislead investors ”.

In a September 23 statement, guidelines from Canadian regulators warn crypto companies not to announce “play style” promotions that require an investor to register within a certain timeframe to enjoy a reward or reward. an opportunity. . Although guidelines on restrictions on social media posts appeared vague, regulators recommended that trading platforms designate a person to review and approve communications and put in place a system to ensure that all posts are made. comply with regulatory guidelines. .

“Misleading advertising and inappropriate marketing strategies can lead investors to take risks that they would normally avoid, and failure to comply with the requirements of securities law and IIROC rules can raise concerns about the relevance of an encrypted negotiation platform for registration ”, declared the president of the CSA, Louis Morisset.

Some of the seemingly egregious examples provided by regulators are exchanges that suggest they are registered under applicable securities laws or approved by regulatory authorities. The CSA and IIROC have encouraged trading platforms to consult with their legal teams before advertising and marketing communications are made public.

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PayPal launches new consumer app for cryptocurrencies, savings and direct deposit

PayPal has announced the launch of a new app designed to be a one-stop-shop for all digital payment needs of customers of the company’s customers.

As Cointelegraph reported, PayPal CEO Dan Schulman announced in July that the company’s super app was ready to launch in the United States.

According to a press release on Tuesday, PayPal’s new app will give users access to all of the company’s digital financial products. The new app covers both encrypted and unencrypted use cases with a wallet tab to manage crypto payments and savings with high returns.

In fact, PayPal’s announcement included a partnership with online banking Synchrony Bank to provide a high-yield savings account through the new app.

As part of the announcement, the digital payments giant said customers could earn an annual return of up to 0.40% on their savings with the new app as part of the announcement.

Customers can also transfer earnings from their savings account to PayPal balance to use when shopping online. Other features mentioned are bill payments, refunds and discounts, as well as direct deposits. The latest feature will reportedly allow customers to receive payments two days earlier.

Related: PayPal Users Can Withdraw Cryptocurrencies to External Wallets PayPal also announced plans to add more features to the app in the coming months, including offline QR code payments and investment opportunities.

In August, Cointelegraph reported that PayPal was considering a foray into retail.

The announcement of the new client app comes just days after the company launched crypto trading for users in the UK.

Schulman has already argued that digital payments will be even more so, stating in December 2020 that the time is right for widespread adoption of cryptocurrencies.

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Over 1,000,000 Salvadoran Citizens Are Now Using Bitcoin Within Days After Making Legal BTC Offers

Bitcoin (BTC) is being adopted en masse in El Salvador just days after the Central American nation made the standard legal tender for cryptocurrencies.

President Nayib Bukele told 2.9 million of his Twitter followers that 1.1 million Salvadorans are already using Chivo, the country’s official Bitcoin wallet operated by BitGo.

“1.1 million Salvadorans are already using the Chivo wallet (and we still have to activate 65% of the phone models). It seems that we can deposit more people in a month than we can nationalize and privatize traditional banks in 40 years. Bitcoin ” El Salvador made history after becoming the first country to officially introduce Bitcoin on September 7. The country has promised its citizens $ 30 BTC, as well as the optional use of the Chivo wallet.

Chivo’s registration was recently discontinued and the wallet had to go offline outside of peak hours to fix technical issues. Now Bukele says that the app is fully functional. “1. The application is already working 100% 2.

Now also available for download on all Blu, Xiaomi, Motorola, TCL and ZTE models. Bukele adds that he sees “strong demand” for Chivo’s portfolio. “There has never been such a massive digitization project in El Salvador. I even believe that I have never had a national digitization project. Every hour we have twice as many new users as the participants against the march.

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How do I buy, sell and trade in Bitcoin?

If you define bitcoin, it is a protocol or network that has remained a revolutionary technology.

It comes with the culture that you can find in yourself. Hence, it can be called virtual money. In this article, we are going to talk about the basics of how BTC works as a financial asset. Also, explore the best ways to buy this digital currency, review the methods to sell it, and some simple explanations of the various transactions.

It is certainly not investment advice; Instead, it means gaining other vital information about how Bitcoin works as a financial asset. For more specific things, you can explore websites like as we start like this: Buy BTC in the US You have the option to buy BTC from various portals or even BTC-based ATMs.

For example, in the US, BTC ATMs are popular kiosks that look like any traditional ATM. However, a closer look would help you to know that you need to log into your affected bank account and then they will continue to log onto the web and then allow you to get the money with the credit cards against BTC.

For your convenience, we can see that these BTC ATMs charge fees with BTC for convenience and then operate with multiple machines at a higher price and therefore can be offered with other online exchanges. You can even increase inquiries by 7% more than agencies like CFPB. The other option for users can be any first time buyer of BTC in the US doing so through a large scale online BTC exchange using an app or laptop.

To buy BTC you need platforms like exchanges.

So all you need is a good BTC wallet, and some of them are known to give you a wide range of options when it comes to accessing traditional money like USD to exchange accounts.

Some exchanges are more credible if you think about it, while others may even charge you high fees. You can explore more of the above websites and get a head start.

The last step in buying BTC is to trust a wallet that can keep things under your control. The purchase involves several steps; You may need a bitcoin wallet; Therefore, it can be seen that this is a very safe bet with management. While many would see how you can get into BTC through major exchanges, a sturdy type of BTC wallet can help you manage the contents of your private keys.

Send and receive bitcoins Once you have the bitcoin, you will definitely want to experiment with it by selling it or spending it somewhere. You can find several places to enjoy the shopping spree with great deals that only accept money in BTC.

Various BTC sellers can experience the same on leveraged exchanges and get the P2P platform or get stuff from personal markets that help sell more of their earned BTC. On the contrary, if you want to trade BTC and any exchange platform, you can create your own BTC wallet. Sending and receiving BTC is often referred to as identical transactions, which can take too much effort to obtain a public ledger called the BTC Blockchain.

Usually we can see that bitcoin transactions take place with the BTC type of record, where the same people seek the help of both to buy and receive them, with various related things.

One of the most important things to remember is that you cannot reverse the BTC transaction. So be sure to check everything before making a transaction to avoid regrets. Also, there are several other ways to deal with Bitcoin without the purchase option. Finally, BTC wallets are the best option for exchanging these digital currencies.

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PayPal VA Crypto Trading Deployment of UK customers

Bitcoin Trading PayPal Services is now fully available in the United Kingdom when the Gigante Global Payment has begun to move last month.

PayPal has officially announced on September 17 Customers can exchange four great Cryptosis: Bitcoin (BTC), Ether (ETH), LIC) and Bitcoin Cash (BCH).

As noted above, Crypto trade is only with PayPal customers with confirmed identities. PayPal has announced plans to move to the British market in Crypto-Currency at the end of August, being the services to operate immediately Crypto Rollion partial.

Move brands of the first SERVICE OF PAYPAL SERVICES outside the United States Crypto-money.

In statements to CointArtah Spokesman of Paypal said: “Paypal has gradually decreased his new Crypt service to his clients in the United Kingdom this process is over.Addition of: “We hope that learning and observation of how our customers use our purchases, maintain and sell the encryption offer before you start rolling more features and features.» Similar: The encryption setting could give you a legitimacy “halo” says dog British custody The PayPal entry in the local Cryptom market comes as an R.U. Banks cut off payment channels.

In August, Banking Giant HSBC Banking said that you suspended credit card payments for BIN, called “the possible risk problems” to your customers. Other banks such as Barclays and Banco Natwest had already prevented transactions for BINSE. The British launch Krypto Paypal is a “fresh air”, “Gregory Klumovi according to the Tokensisation Cabinet. Because the country is in ten countries of the world, such a step is clearly driven by the continuous introduction of digital assets in Europe and , Subsequently, “he said.