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Coinbase and PayPal, cloud mining from Asus, FINMA license

12/04/2018
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Coinbase Exchange allows Fiat on PayPal without commissions, Asus creates an application for background mining. FINMA introduces a new type of license for fintech companies.

Withdraw money from Coinbase without commission

Coinbase Exchange has offered its customers a new service. Now you can withdraw funds without commissions and fees from the largest cryptocurrency sale site in the USA. To do this, use the payment service PayPal.

However, so far this service is not available to everyone. Only citizens of Great Britain, the European Union, Canada and the USA can use it. However, in order to receive money in this way, the client will have to go through verification and add a new payment method in his account. In addition, while there are other restrictions. So, at one time it is impossible to get more than $ 10,000, and the daily limit is $ 25,000. It is noteworthy that the former head of PayPal, Bill Harris, is not a supporter of cryptocurrency. He has repeatedly stated that he considers Bitcoin and other coins a bubble.

Withdraw money from Coinbase without commission

Asus, gaming and mining

Asus, in collaboration with Quantumcloud, is developing mining technology for gamers. Owners of top-end video cards will be able to sell computing power. After installing the application from Quantumcloud, the user will be able to receive additional income. At the time when the equipment is not involved, it can be used for cloud mining.

The company declares that it will provide complete anonymity of customer data. However, it does not guarantee income, since the price of cryptocurrency has recently been subjected to considerable pressure. There are risks that electricity charges will be higher than rental income.

Asus, gaming and mining

New license from FINMA

The Swiss regulator has introduced a new type of license for fintech companies. Now organizations registered in the country will be able to open deposit accounts for clients. However, the Office of Operations Supervision introduces some limitations. The total amount of investment can not exceed 100 million francs, and these funds can not be directed to the payment of interest payments.

It seems that it is Switzerland that is now at the forefront of the movement to develop the blockchain business. Here, for the first time in the world, a license was issued to create a fund for investing in the cryptocurrency of the Crypto Fund company. And in the summer of 2018, the cryptocurrency platform DigitalExchange was launched on the SIX exchange. In the fall, it began to trade Bitcoin-ETF contracts.

About new class of license

New license from FINMA

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All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

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