The global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more toward reviewing existing rules and away from designing new ones. The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin. Learn how to trade the news, join DCG Insider Group.
Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean. The company, founded last year in Hong Kong, is planning to open an office in Malta, Chief Executive Officer Zhao Changpeng said in an interview. Binance will soon start a “fiat-to-crypto exchange” on the European island nation, and is close to securing a deal with local banks that can provide access to deposits and withdrawals, he said, without providing a timeframe.Learn how to trade the news, join DCG Insider Group.
Coinbase, one of the biggest cryptocurrency exchange platforms worldwide, has announced that it successfully opened a bank account with the major British bank, Barclays. According to a recent CNBC article, most British banks have abstained from doing business with cryptocurrency-related businesses, in general, due to concerns of illicit activities.
The US Congress just released its massive joint report on the state of the economy, and for the first time an entire chapter is dedicated to cryptocurrency. What’s even more extraordinary are the number of bullish sentiments on the future of the emerging technology.Learn how to trade the news, join DCG Insider Group.
On Monday, France’s finance minister, Bruno Le Maire, shared his enthusiasm for the country’s blockchain and cryptocurrency development efforts. He previously tasked Jean-Pierre Landau, an experienced civil servant (and noted bitcoin critic), with proposing an appropriate legal framework.Learn how to trade the news, join DCG Insider Group.
The Clarifying Lawful Overseas Use of Data (CLOUD) Act was passed along with the federal spending bill on Friday, March 23rd, 2018. The act allows law enforcement agencies to demand access to online information from any country in the world.Learn how to trade the news, join DCG Insider Group.
The Japanese arm of internet giant Yahoo! will open a cryptocurrency exchange “in April 2019 or later” local media Nikkei Asian Review reports today, March 23. According to Nikkei Asian Review, Yahoo! Japan will buy 40% of BitARG Exchange Tokyo next month, and immediately dispatch executives to lay the foundations for the exchange to launch a year later.Learn how to trade the news, join DCG Insider Group.
The United States Postal Service (USPS) had filed a patent last September for a system with public and private keys and a “block chain [sic] component” for authenticating user information, according to a patent filing released yesterday, March 22, by the US Patent and Trademark Office.
Malaysia’s central bank hinted it is planning to integrate Blockchain in its banking sector, its deputy governor revealing ongoing development work in a speech Thursday, March 22. Speaking at the Asian Banker Digital Finance Convention 2018 in Kuala Lumpur, Bank Negara Malaysia’s (BNM) deputy governor Jessica Chew Cheng Lian announced that nine domestic banks had partnered to build a trade finance Blockchain project.Learn how to trade the news, join DCG Insider Group.
This week Google made known about two separate Blockchain projects it is working on: a “tamper-proof” auditing system and a cloud operations platform. According to a patent originally filed in September 2017, plans are underway to create a so-called “tamper-evident” ledger on the basis of Blockchain.Learn how to trade the news, join DCG Insider Group.