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Croatian e-bike company Greyp Bikes integrates payments with cryptocurrencies

Greyp Bikes, a company founded by Croatian entrepreneur and innovator Mate Rimac, has integrated encrypted payments into their online invoicing system.

Thanks to a partnership with payment service provider Paycek, all of its high-tech cycling products can now be purchased in nine different currencies. Greyp Bikes accepts cryptocurrencies for its electric bikes Greyp Bikes from Croatia has taken a new step towards becoming one of the technological leaders in the world of cycling.

The company introduced support for payments with nine major cryptocurrencies through a partnership with Paycek, the country’s leading crypto payment processor: BTC, ETH, BCH, XLM, XRP, DAI, EOS, USDT, and USDC. Recently he announced: Greyp News everyone!

Cryptocurrencies can now be used to directly purchase Greyp bikes. “Greyp has always been at the forefront of technology in the cycling world, so this was the next logical step in the development of the brand,” added high-performance e-bike maker Sveta Nedelja. The company also noted that customers could purchase their bikes using cryptocurrency before partnering with Paycek, but crypto payments are now simplified and fully integrated into the online payment process on its Greyp website. .com have been integrated. Paycek is a platform developed by Croatian financial technology startup Electrocoin. The payment processor has already helped other local businesses accept cryptocurrencies.

More than 45 Tifon gas stations in Croatia launched crypto payments through Paycek earlier this year, while Electrocoin allowed the Croatian publication to offer a crypto exchange service at their post offices two years ago. . “This decision should come as no surprise to anyone who is watching what Livno-born entrepreneur Mate Rimac does with both his cars and bikes,” commented the information portal Total Croatia in its report on Greyp’s decision. integrate payments with crypto-currencies. The Croatian businessman founded Greyp Bikes in 2013 as a sister company of Rimac Automobili, an electric sports car maker he founded in 2009.

The automaker is now partly owned by Porsche and Hyundai from VW group. In July, Porsche and Rimac announced the creation of a joint venture that will include Volkswagen’s high-performance brand Bugatti. Greyp’s integration of cryptocurrencies is not the only such example in the bicycle industry. British company Toba Electric Bikes, which sells electric bikes of the Spanish brand BH, introduced support for BTC and BCH payments and in 2019 in collaboration with the targeted trading platform Cryptophyl. launched its own utility token in SLP.

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Crypto Mining Cryptocurrency news

Crypto Mining must be registered and imposed in Russia, said the President of the Financial Markets Committee

Extraction of cryptocokence must be recognized as a company and tax imposing as such, according to Anatoli Aksakov, the Chairman of the Financial Markets Committee of the Parliamentary Russian Federation. The legislator also thinks that the Russian regulation of digital currency must refine.

Changes that can influence mines, taxes, the definition of digital currency.

Discussion on the coming changes in digital currency legislation in Russia, the Chief of the Financial Markets Committee in the State Duma, Anatus Aksakov, expressed his view that Cryiptomoderencia Mining must be added to Russian business activities and to impose more.

The treatment of the mining of the encryption and the taxation of related cryptocurity transactions is one of the areas that will probably be affected by the statutory changes during the fall session of the Russian Parliament. In conversation with the press agency TASS on the limit of the Moscow Financial Forum this week, Aksakov has developed:

As it is a kind of commercial activities, of course, it is necessary to enter the recording, assign a corresponding code and the introduction of taxes.

The member was positive that the changes in terms of digital currencies are to be expected, as Duma has already adopted the first reading law which deals with the imposition of the “Encryptic fact”. At the beginning of this month, the Chairman of the Committee on Legislation, Pavel Kracheninnikov, Interfax said he’s waiting for the law to reach the Underhouse’s soil in the coming months.

Anatoly Aksakov also pointed out that the use of the legal concept related to cryptocurences, as defined, leads to confusion. The concept of “digital currency” to a digital currency of the Central Bank (CBDC), which can be obtained from the Bank of Russia, but it can also be understood as cryptomocurencie, explained the legislator. Aksakov thinks that both must be clearly distinguished.

The Chairman of the Financial Markets Committee emphasized that more discussion, which means “digital currency” needed to determine. Although cryptocurence is known as a digital currency in Russian law, Aksakov stated that it was used as a financial and financial asset instrument for investment purposes and not as a means of payment.

The high-end member of the Russian Parliament added that the Russian Bank should also be set on a digital ruble for the problem and to obtain publishing. The monetary authority announced a plan to digitize the national currency of FIAT last October. The Central Bank will prepare a prototype of the CBDC at the end of this year.

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Crypto Mining Cryptocurrency news

Major Korean exchanges secure name account agreements with local banks

Major cryptocurrency exchanges in South Korea have reached agreements with Korean banks to continue issuing real name accounts, media announced.

The agreements, even if they are not yet permanent, will allow trading platforms to register with tax authorities before the September 24 compliance deadline.

Bithumb, Coinone and Korbit have partnerships with Korean banks Banks have reportedly agreed to continue issuing real name accounts on major digital asset exchanges in South Korea.

The agreements have yet to be finalized, but the confirmations received will allow the forex trading platforms to complete their registration with the country’s tax authorities before the regulatory deadline expires at the end of this month. On Wednesday, a spokesman for Nonghyup Bank announced that the institute had agreed to renew agreements to issue real-name accounts for traders Bithumb and Coinone.

According to a report by Korea Jongang Daily, the agent confirmed that the bank will provide the exchanges with the necessary documents to finalize their contracts. The current agreements with the two crypto platforms are expected to expire on September 24th, when the new, stricter industry regulations passed in March are enforced.

While the previous contracts were renewed every six months, this time the bank refused to disclose the terms of the last contracts, the English edition of Joongang Ilbo noted. In this regard, Shinhan Bank announced that it will continue to issue real name accounts for Korbit, another leading Korean exchange. However, the bank noted that the confirmation does not mean that the contract with the crypto company has been officially renewed.

The document was released for the exchange to continue its registration process, a spokesman explained, and further details: The partnership renewal will be announced before the September 24th deadline, but for now we will be canceling it for later.

According to the Korean newspaper, the statement suggests the bank is considering potentially expanding its partnership with Korbit but will likely wait for the exchange to be registered with the Financial Services Commission (FSC). The post cites another source as saying that the final announcement will likely be “last minute”. The current contract expires after September 24th. Korea’s four largest cryptocurrency exchanges will continue to operate under stricter rules Registration with the Korea Financial Intelligence Unit (FIU), an anti-money laundering agency under the FSC, is an important requirement for the country’s current crypto regulations.

To enroll, Korean exchanges must not only partner with a bank to implement the real name account system, but also obtain an Information Security Management System (ISMS) certificate from the Korea Internet and Security Agency. The country’s four major crypto trading platforms have now successfully met both conditions. Upbit, the largest volume of transactions, was recorded last month.

The Korean online bank K Bank provides real-name accounts for the platform. However, the entire registration process can take up to three months. During that time, the financial regulators will review the filing and approve the application, the FSC noted earlier this week. In addition to Upbit, Bithumb, Coinone and Korbit, 17 other exchanges have also received ISMS certification, according to an article in the Chosun Ilbo newspaper.

However, small cryptocurrency trading platforms struggled to convince Korean banks to provide them with the necessary services under the revised Special Fund Act. 59 Exchanges have not yet met the requirement and may have to close after the stricter rules come into effect.

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Bitcoin Cryptocurrency news Investment News

German asset manager Union Investment targets BTC exposure for various funds

German funds and asset managers are expanding their horizons for crypto investments as the country has more favorable laws for special funds. $ 500 billion asset manager Union Investment plans to add Bitcoin (BTC) to various mutual funds as part of a pilot program targeting its institutional clients.

The Frankfurt-based institute told Bloomberg on Monday that it plans to add BTC to a small number of mutual funds that will only be available to retail investors.

For each fund, exposure to Bitcoin is limited to a maximum of 2% of total assets. Portfolio manager Daniel Bathe said the new investment strategy is expected to start in the fourth quarter, although no set timeline has been specified.

Union Investment is the investment arm of the DZ Bank Group, an institute with more than 800 cooperative banks. As of June 2021, Union Investment managed assets of US $ 507 billion, making it one of the largest asset managers in Germany.

Germany is fast becoming a hotbed for cryptocurrency investments, especially among institutional players. A new law came into effect on August 2 that allows institutional funds to hold cryptocurrencies and paves the way for greater acceptance of digital assets, including among German pension funds. Meanwhile, German stock broker S Broker recently announced a range of crypto-focused product offerings. Related: What the SEC Can Learn From the German Regulator At the retail level, Germans don’t do that well when it comes to introducing cryptocurrencies, according to a recent survey by financial comparison site Finder.

The survey of 42,000 people estimated that only 11% of Germans were exposed to digital assets. While it is superior to the US and UK, it lags far behind emerging markets and other European countries. Bitcoin comes back to attention when the first cryptocurrency rises to $ 52,000. The price has recovered to about 79% from its summer lows. The total market capitalization of Bitcoin is once again approaching $ 1 trillion.