Over-the-Counter Trading as the Latest Battleground to Secure Institutional Investment

As Coinbase and Poloniex open up dedicated investor accounts and Russia’s state-owned bank conducts a large over-the-counter transaction, OTC trading takes center stage in attracting institutional investors With the increasing trend for major financial institutions to invest in Bitcoin, United States crypto exchange and wallet provider Coinbase announced the launch of over-the-counter (OTC) trading for […]

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Korea’s Largest Internet Firm Kakao Is Running a Crypto ICO That Is Not Subject to SEC Scrutiny

Kakao is close to completing the private sale of its cryptocurrency called Clay, raising $300 million. Kakao, South Korea’s largest internet conglomerate that operates applications and have nearly a 90 percent dominance in their respective markets, is running an Initial Coin Offering (ICO) to raise funds for its blockchain project called Clay. In March, Kakao […]

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Russia: Sberbank and Interros Group Conclude Blockchain-Based Foreign Exchange Repo Deal

Interros Group and Sberbank in partnership have carried out an OTC foreign exchange repo deal on blockchain. Sberbank and Interros Group have carried out an over-the-counter OTC foreign exchange repurchase agreement (repo) transaction employing smart contracts on a blockchain, Reuters Russia reports Nov. 30. The Interros Group is a Moscow-based private equity firm founded by […]

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Belarus: High Tech Park Releases ‘Complete Legal Regulations’ for Cryptocurrencies

The rules for operation of the cryptocurrency market in Belarus have been approved, after being released by the country’s High Tech Park. Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market in the country, according to documents published by […]

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Taiwan is Tightening Regulations on Crypto Exchanges, Possible Pressure From China?

Taiwan has implemented new AML regulations on crypto exchanges. Was it influenced by China? On November 2, Taiwan officially tightened anti-money laundering (AML) policies targeted at crypto exchanges, requesting exchanges to monitor and prevent any illegal transaction processed using digital assets. According to the newly drafted Money Laundering Control Act and Terrorism Financing Prevention Act […]

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