Weekly Crypto Report (26-31 Oct 2020) | What Happened This Week in Crypto


Here you will know about the weekly crypto report of last week regarding bitcoin and other cryptocurrency events happened all around the world

1 Iran’s central bank will now legally hold all Bitcoin used for imports/exports allowing them to bypass the USD

Now the Iran has become the first country in the world to use Bitcoin legally for value exchange for imports/exports with other nations. The Iranian Cabinet has amended legislation to redirect cryptos into the Central Bank of Iran’s funding mechanisms for imports, according to a Saturday report by the official IRNA news agency. “

2 Bank of Mangolia will start crypto services

The oldest and largest bank of Mangolia will start offering crypto services including custody, remittance, crypto deposits, crypto loans, and crypto-asset management reported on 30 October 2020. The country Mangolia continues to make crypto-friendly steps for the adoption of crypto in the nation

3 Coinbase going to launch crypto debit card in USA

Largest cryptocurrency exchange Coinbase is going to launch the crypto visa debit card in the United States of America by next year, reported on 28 October 2020. Coinbase reportedly said that there is waitlist opened for all U.S. users who wants the coinbase visa debit card and the distribution process will started in the first half of next year.

4 JPMorgan is bullish on Bitcoin in long term

More than $300 billion investment banking giant, JPMorgan is bullish on Bitcoin and called the long term upside potential of Bitcoin reported on 25 October 2020. It is expected that this positivity usually comes after the world’s largest online payment company Paypal announced to support the buy, sell and hold the Bitcoin and other cryptocurrencies in their wallet. JP Morgan,