Tag: joint

French Financial Regulator Blacklists Four Crypto Websites for Unauthorized Offerings

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French stock market regulator AMF blacklisted four crypto-related websites for unauthorized investment offerings. The French stock market watchdog, the Financial Markets Regulator (AMF), has blacklisted four crypto-related websites for unauthorized investment offerings, according to an official statement published Friday, Dec. 14. The AMF announcement notes nine companies that are allegedly operating without necessary regulatory approval, […]

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UAE Exchange, Ripple to Launch Blockchain Remittances to Asia by Q1 2019

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UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019. United Arab Emirates-based UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019, Reuters reports Dec. 13. According to the report, UAE Exchange, a part of payments and foreign exchange company Finablr, is among the […]

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UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions

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The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions. The United Arab Emirates’ (UAE) central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency accepted in cross-border transactions between the two countries. English-language Dubai-based media outlet GulfNews reported on this collaboration on […]

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Crypto Platform Cubits Begins Insolvency Procedure After Alleged Hack, Locks Users’ Funds

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The cryptocurrency platform Cubits (Dooga) has battled alleged “collusion” over the disappearance of $32.8 million last February. United Kingdom-based cryptocurrency payment platform Cubits has filed for administration following a sudden outage that locked customer funds, a company press release revealed Dec. 11. The act of filing for administration means that an insolvent company has appointed […]

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Report: South Korean Crypto Exchanges Overtake Maltese Ones by Daily Trade Volume

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A recent report by CryptoCompare shows that South Korean crypto exchanges saw $200 million more in average daily trade volumes than their Maltese competitors. Cryptocurrency exchanges registered in South Korea have overtaken their Maltese-registered counterparts by average daily trade volume in November. This is according to a report by cryptocurrency market data provider CryptoCompare, published […]

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Malaysia: Finance Regulator, Central Bank Say Cryptocurrency Regulation ‘Being Put in Place’

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Authorities are in the process of developing cryptocurrency and ICO rules, which could become law in Q1 2019. Malaysia’s finance regulator and central bank issued a joint press statement Dec. 6 in which they confirmed they were “putting in place” legislation on cryptocurrency and Initial Coin Offering (ICO) assets. The statement from the Malaysia’s Securities […]

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Two US Bills Focus on Cryptocurrency Market Manipulation and Improving Regulations

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The proposals come in the wake of dissatisfaction within and beyond the industry with current regulatory practices. Two new bills focusing on cryptocurrency market manipulation aim to “position the United States to be a leader in the cryptocurrency industry,” their sponsors claimed Dec. 6. The bills, dubbed “The Virtual Currency Consumer Protection Act of 2018” […]

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Swiss Post & Swisscom Launch ‘100% Swiss’ Blockchain Infrastructure

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Switzerland’s national postal service Swiss Post and state-owned telecoms provider Swisscom are partnering on a “100% Swiss” permissioned blockchain infrastructure. Switzerland’s national postal service Swiss Post and state-owned telecoms provider Swisscom are partnering on a “100 percent Swiss” blockchain infrastructure, according to a press release Dec. 6.   The new infrastructure is reportedly the first […]

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