Bitcoin falls below 7000 USD, Thailand plans to change its crypto law and the EU launches an estimated 400 million EUR blockchain & AI fund.
Your daily overview of interesting, important and market moving cryptocurrency news. Brought to you by the Crypto2Cash team
Bitcoin falls below 7000 USD
After a few consecutive days of losses. Bitcoin has dropped below the 7000 USD mark for the first time since May this year.
Thailand plans to change its crypto law
Lawmakers in Thailand are planning to reform cryptocurrency laws after concerns rose that the current laws made the country less competitive.
After launching the laws and allowing certification and licensing for crypto businesses, only five companies have applies for it. With only two companies actually launching.
The EU launches an estimated 400 million EUR blockchain & AI fund
The European Investment Fund (EIF) and the European Commission have raised 100 million EUR for an investment scheme that will make capital available to AI and Blockchain projects.
With this ‘cornerstone’ funding in place, the EIF said private investors are expected to bring up to 300 million EUR into the fund.
The EU does not spend as much on developing blockchain and AI projects as the U.S. and China do. This fund is launched to fill that gap.
Get to know our team
Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any questions you may have, especially in regards to easily selling your crypto for fiat currencies.
