Tagged: digital assets

So Far, Not a Single ICO has been White-Listed by the Autorite des Marches in France

The “Loi Pacte” was approved by the French government earlier this year. the new law included multiple policy moves designed to improve the overall competitiveness of the French economy. As part of the legislation, France created bespoke rules for initial coin offerings. Under French law,… Read More

Authorities in China Reportedly Shut Down Local Cryptocurrency Exchange BISS, 10 Individuals Arrested

Authorities in China continue to crack down on crypto-related businesses. Recently, the nation’s police officials closed down local digital asset exchange BISS and took 10 people into custody, as they were suspected of being involved in the trading platform’s business operations. On November 22, 2019,… Read More

Making the Rounds: CFTC Chairman Heath Tarbert Continues to Talk Up Digital Assets and Need for US to Remain Competitive

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has been making the rounds on various media to advocate on behalf of digital assets, Fintech, and the need for the US to remain competitive in a global Fintech market. Tarbert visited with CNBC this week, as… Read More

Celsius Network is Using Fireblocks’ Enterprise Platform to Secure Over $400 Million in Digital Assets

Fireblocks, an enterprise platform for securing crypto-assets “in transit,” revealed on November 19 that, Celsius Network, an established provider of interest income and cryptocurrency-based loans in more than 150 jurisdictions, is using Fireblocks, in order to safeguard more than $400 million in assets and 49,000… Read More

Crypto-Friendly Banking Service Provider Cashaa Introduces US Dollar Bank Accounts for Companies Dealing in Digital Assets

Cashaa, a cryptocurrency-friendly banking service provider, recently revealed that it’s introducing US dollar bank accounts for companies dealing in digital currencies. The new accounts are being offered through a partnership with Metropolitan Commercial Bank. Beginning on November 25, 2019, crypto-asset dealers and other high-risk business… Read More

Brian Kerr: Kava Labs CEO Explains How the Rise of Fintech Has Enabled Decentralized Finance

Brian Kerr, co-founder and CEO at San Francisco-based Kava Labs, a venture-backed firm working on improving payments systems by leveraging blockchain technology, recently shared his views and insights with Crowdfund Insider. Kerr, a business administration and marketing graduate from San Francisco State University,  explained how… Read More

Coinbase Card Now Supports Five New Assets & Ten New Countries

Cryptocurrency exchange platform Coinbase announced on Thursday its Coinbase Card now supports five new assets and ten new countries. According to Coinbase, the card is now available in a total of 29 countries, with customers in Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania,… Read More

Crypto Hardware Wallet Maker Ledger’s Vault Secures $150 Million Crime Insurance Policy

Ledger, the developer of security and infrastructure solutions for crypto-assets, announced on November 14 that it had acquired a crime insurance policy that covers digital assets. According to a press release shared with Crowdfund Insider, users’ assets will be secured by the Ledger Vault platform…. Read More

Shares of Crypto/Fintech Friendly Silvergate Bank Now Available for Trading on New York Stock Exchange

Shares of San Diego-based Silvergate Bank, a leading bank for innovative businesses in Fintech and cryptocurrency, are now available for trading on the New York Stock Exchange (NYSE:SI). Silvergate Capital (NYSE:SI) a California-headquartered commercial bank currently focused on crypto-related businesses, has now been officially listed on… Read More

Dr. Joshua Ellul: Chairman of Malta Digital Innovation Authority Reveals Motivations Behind Launching a Masters in DLT Program at University of Malta

We recently caught up with Dr. Joshua Ellul, chairman of Malta Digital Innovation Authority and director of centre for DLTs at the University of Malta. Last month, the island country of Malta introduced a Masters in Blockchain and Distributed Ledger Technology program. The crypto-friendly jurisdiction… Read More

Bakkt Is Planning to Release a Crypto “Consumer App” Next Year 

Atlanta-based Bakkt, a digital asset trading desk launched by Intercontinental Exchange (NYSE:ICE), the owner of the $22.9 trillion New York Stock Exchange (NYSE), is preparing to release a consumer-facing application to help retail consumers conduct crypto transactions, the company revealed on October 28. According to… Read More

Huobi Japan Receives $4.6 Million Investment from Tokyo’s Financial Products Group

Singapore-based crypto exchange Huobi’s Japan division has reportedly received nearly 500 million yen (appr. $4.6 million) in funding from a major Tokyo-listed firm focused on several areas including leasing, real estate, insurance brokerage and mergers and acquisitions (M&A). As noted in Huobi’s press release, the… Read More

UAE’s Securities and Commodities Authority Prepares Draft of a Resolution on Regulating Digital Assets

The United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has prepared a  draft of a resolution on regulating digital assets, which aims to offer more clarity for cryptocurrency-related initiatives in the Middle Eastern country. Comments are being accepted until October 29, 2019. With the… Read More

Alon Muroch: CEO of Blox, a Crypto Accounting Platform, Reveals Common Accounting Mistakes Crypto Holders Make in Tax Filings

Individuals and organizations that use digital cryptocurrencies must begin reporting capital gains, and comply with regulatory guidelines. Firms must also implement appropriate auditing and accounting procedures for crypto assets and report such transactions to tax authorities.  On October 9, the Internal Revenue Service IRS released… Read More

Digital Asset Exchange INX to Use Brave New Coin’s Crypto Indices During First SEC-Registered Token Sale

Brave New Coin (BNC), a provider of cryptocurrency market data, announced on October 22 that digital asset trading platform INX, will utilize BNC’s crypto indices during the first security token sale registered with the US Securities and Exchange Commission (SEC).  BNC’s  Bitcoin Liquid Index (BLX)… Read More

Financial Action Task Force Says Stablecoins Pose Money Laundering and Terrorism Financing Threat

The Financial Action Task Force (FATF) stated on October 18 that stablecoins pose a money laundering and a terrorism financing threat to the world. The intergovernmental organization considers cryptocurrencies to be a “major strategic initiative.” In documents published following its latest meeting, the FATF noted… Read More

Hong Kong’s Securities and Futures Commission Updates Digital Asset Regulations

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has released an updated regulatory framework for digital asset fund managers. The SFC posted the guidelines on its official website on October 4. SFC’s 37-page document, titled “Proforma Terms and Conditions for Licensed Corporations which… Read More

OKEx Announces New Initiative to Develop Global Compliance Standards For Cryptocurrency Exchanges

OKEx, a Malta-based digital assets exchange, announced on Friday the launch of its new initiative to create a Self-Regulated Organization (SRO) aimed at standardizing cryptocurrency exchange practices and policies. The initiative was announced at the DELTA Summit by Enzo Villani, a former Nasdaq executive who joined… Read More

Seed CX Teams Up With Itiviti To Offer NYFIX Connectivity For Cryptocurrency Customers

Itiviti, a technology and service provider to financial institutions worldwide, announced on Thursday it has formed a partnership with Seed CX, an institutional exchange and settlement platform for digital assets to allow traditional institutional firms currently utilizing Itiviti’s NYFIX network to have access Seed CX’s… Read More

Gemini Announces Launch of Institutional-Grade Crypto Custody Solution “Gemini Custody”

Gemini Trust Company, a U.S.-based cryptocurrency exchange and custodian, announced on Tuesday the launch of its new institutional-grade crypto custody solution, Gemini Custody. Gemini reported that the solution was built from the ground up to meet the “complex and high-stakes” need of modern financial institutions…. Read More

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