Acutality and bitcoin : the same world of crypto

  The U.S.-based company Digital Asset Investment Management (Daim) has announced the launch of a company-sponsored 401(k) retirement plan that allocates up to 10% in bitcoin. The plan is an ERISA compliant employer-sponsored 401(k) and assets are held in institutional-grade cold storage by leveraging the custodian Gemini Trust. During the last few years, investors have been able to leverage a digital currency retirement plan in the form of an IRA. For instance, the company  Bitcoinira  helps people invest in cryptocurrencies like  BTC ,  BCH ,  ETH , and  LTC  with the firm’s cryptocurrency-focused retirement funds. On Thursday, November 19, 2020, the Newport Beach California-based company  Digital Asset Investment Management  (Daim) revealed an ERISA compliant  employer-sponsored bitcoin 401(k) plan  that involves an allocation of  BTC . “From the moment we were approved by the State of California in June 2018, we’ve see...

  As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October 27, gave Western Union 30 days to implement new restrictions. The new rule is likely to increase the appeal of crypto assets as Cubans are now expected to find a suitable alternative in a very short space of time. Targeted Sanctions At the time of the initial U.S. government announcement, the global remittances giant had promised to find a solution for its Cuban customers. However, in a later  update  on November 13, Western Union said it was unable to “find a solution in this limited timeframe.” For its part, the U.S. government says remittances to Cuba can still flow, but “not through the hands of the Cuban military, which uses those funds to oppress the Cuban people and to fund Cuba’s interference in Venezuela.” Accordi...