The United Kingdom has included a mention of the blockchain industry in its pre-negotiation agenda for a Free Trade Agreement with the United States. The United Kingdom’s Department for International Trade recently published its agenda for negotiation of a Free Trade Agreement (FTA) with the United States. Contained within the wide-reaching document, blockchain is identified […]
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BitPanda CEO Eric Demuth explains why regulations are necessary to avoid a “Wild West” for crypto, and names first stop outside of the EU. The crypto ecosystem tends to see regulations as “the big bad wolf.” In this narrative, government and regulators set rules that slow down innovation and damage growth for the crypto industry. […]
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A director of one of the U.K.’s regulating bodies described new crypto Anti-Money Laundering overwatch added to the EU’s already stringent 5AMLD expectations. To combat the alleged risks associated with crypto assets and their networks, Her Majesty’s Treasury, the United Kingdom’s finance and economics department, has added additional measures. The new Money Laundering Regulations, or […]
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Chile’s CryptoMarket is now operating under European regulation after being granted a license by Estonia’s financial watchdog. Chile’s crypto trading platform CryptoMarket has obtained a license issued by the Estonian Financial Intelligence Unit (FIU), allowing it to provide services for the purchase and sale of crypto assets. Founded in 2016, CryptoMarket joins a select group […]
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Facebook is scaling back its plan to release a new digital currency which could have potentially thrown global markets into chaos. Facebook may be considering modifying its plan for the 2020 release of the cryptocurrency Libra. When the social media giant introduced Libra last year, it did so claiming the cryptocurrency would be a simple […]
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The German financial watchdog BaFin has issued a summary instruction manual for businesses that wish to offer cryptocurrency services that require its custody. The German financial watchdog (BaFin) issued a new summary leaflet detailing how cryptocurrencies are treated under newly enacted laws for 2020. The instructions are presented as BaFin’s interpretation of the new German […]
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DIFC and Mashreq Bank launch Blockchain KYC platform to support faster business registration in the UAE. Dubai International Financial Centre (DIFC) and Mashreq bank announced the launch of their new blockchain data-sharing platform on March 1st. This platform will allow licensed businesses and corporations to open digital bank accounts instantly by verifying their identities via […]
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Do blockchain and data security have a mutual relationship or is it not as secure to use blockchain when it comes to storing data? In November 2019, security firm Risk Based Security called last year the “worst year on record” for breaches, with almost 8 billion records affected. Third-party control over personal data makes privacy something […]
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Will Malta continue to be a “blockchain island” or has it lost its way to the top of the ledger? Last week, the financial watchdog of Malta came forward with an unexpected statement. Apparently, Binance, a leading cryptocurrency exchange that had been enjoying a close relationship with local authorities, is not authorized “to operate in […]
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The Malta Financial Services Authority has industry released feedback on the definition of security tokens and the challenges such assets face in Maltese markets. The Malta Financial Services Authority (MFSA) has released feedback on the definition of security tokens and challenges such assets face in Maltese markets. In a paper published on Feb. 25, the […]
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