The Dutch Flow Traders is expanding its trading products to exchange-traded notes (ETNs) based on Bitcoin and Ethereum. Flow Traders, the largest European exchange-traded fund (ETF) trader, has entered the crypto world, becoming the first firm in the world to disclose it’s buying and selling crypto notes listed on regulated stock...
Thailand’s Association of Securities Companies (ASCO) are considering creating a joint cryptocurrency exchange. The group of securities companies are hoping to receive a license from the Thai Securities and Exchange Commission (SEC).Recent Royal Decree Opens Up Thai Crypto IndustryASCO’s chairperson, Pattera Dilokrungthirapop, spoke to local Thai news source the...
South Korea’s Financial Services Commission has revealed its new anti-money-laundering and know-your-customer rules for for crypto exchanges. According to the recent annoncement made by South Korea’s Financial Services Commission (FSC), the main financial agency of South Korea, the new anti-money-laundering and know-your-customer rules for crypto exchanges will come into force on July 10, 2018, and...
Bitcoin is predicted to reach new heights until the end of 2018 given the emergence of cryptocurrency ETFs and the growth of institutional investment. The price of the digital currency, according to analysts at cryptocurrency research company IronWood, is likely to exceed $35,000 in the near future owing to the...
Crypto market rebounds, with the world’s largest cryptocurrencies spiking. This follows the news from the US SEC which does not consider Ethereum a security. Recently, William Hinman Director, Division of Corporation Finance at SEC, delivered a speech at the Yahoo Finance All Markets Summit and made it clear that Bitcoin and Ethereum...
Another institutional giant is gearing up to make its way into the crypto space marking the change in Wall Street’s opinion on the digital asset revolution.Investment Giant Fidelity Takes First Steps Into CryptoBoston based investment institution Fidelity has announced that it is hiring engineers to “create and deploy a Digital...
Dong He, deputy director of the IMF’s Monetary and Capital Markets Department, published an article where he suggested that crypto assets may reduce demand for central bank money and proposed central banks create their own digitized assets. Сentral banks need to make fiat currencies “more attractive for the digital age” in...
The Financial Conduct Authority (FCA) is launching investigations into 24 different cryptocurrency companies. The U.K.’s financial watchdog did not name which specific businesses they were inspecting.Crypto Firms Come Under Scrutiny in the UKAccording to reports in U.K. news publication CityWire, the U.K.’s financial watchdog, the FCA, is looking at...
The SEC’s spoof ICO launch, HoweyCoins website breaks down the red flags of fraudulent fundraising to educate potential victims.SEC Launches Fake ICO to Educate InvestorsThe Securities Exchange Commission, a US regulatory branch charged with investigating fraudulent ICOs, has created their own ICO web page to show potential investment victims the...
Council of State of France has changed the tax rate on cryptocurrency sales from 45 to 19 percent, which is the result of a new classification of Bitcoin. The move came after citizens appealed to France’s highest regulatory body to change harsh regulations for crypto transactions earlier this year. France’s...