U.K. MP to Advise Crypto Exchange on Gov’t Relations, Says ‘Steep Learning Curve’ Ahead

U.K. MP Stephen Hammond has joined the advisory board of a new retail investor-focused crypto exchange to provide guidance on government relations. U.K. Member of Parliament (MP) Stephen Hammond has joined the advisory board of a new retail investor-focused crypto exchange to provide guidance on government relations. The news was shared in a press release […]

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Visa Set to Launch Blockchain-Based Digital Identity System with IBM in Q1 2019

Visa is preparing its Hyperledger Fabric-based digital identity system for cross-border payments for launch in the first quarter of 2019. Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019, according to a press release published October 21. The system, dubbed Visa B2B Connect, will provide […]

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Australia: $50 Million ICO Shuts Down ‘in Accordance with’ Regulatory Requirements

An Australian company that aimed to raise $50 million to create a crypto exchange has shut down “in accordance with” local securities commission requirements. An Initial coin Offering (ICO) conducted by an Australian crypto startup Global Tech Exchange (GTE) has ceased operations, citing the Australian Securities and Investments Commission (ASIC) requirements, the company’s website reveals […]

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Russia: New Version of Crypto Bill Will Let Privately Held Firms ‘Digitize’ Shares

Russian draft bill on “digital financial assets” now includes tokenization of equity for privately held businesses. The long-awaited Russian draft bill on cryptocurrency and blockchain regulation will let privately held businesses and legal entities “digitize” their shares and store them via blockchain, local media outlet Vedomosti reported Oct. 21. As per the new edition of […]

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Spanish Government Approves Draft Law to Require Crypto Investors to Reveal Holdings

Plans announced by Spain’s finance minister last week would subject all Spanish citizens to obligatory reporting of their crypto wealth. Cryptocurrency investors governed by Spain could face mandatory reporting of their holdings for tax purposes under a new draft law the government approved Friday, Oct. 19, local daily news network ABC reports. Unveiled at a […]

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Crypto, Blockchain Should Be Regulated Under Existing Frameworks, Says HKEX Report

A new Hong Kong Stock Exchange reports advises that crypto and blockchain should be regulated in consistency with existing regulatory frameworks. A new report published by the Hong Kong Stock Exchange (HKEX) Oct. 18 proposes that financial technologies (fintech), including cryptocurrencies and blockchain, should be regulated in consistency with existing regulatory frameworks. The report, written […]

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