Bank of England warns against crypto adoption and the possible effects on credit creation LeapRate

March 03, 2020 BY Steffy Bogdanova

Bank of England warns against crypto adoption and the possible effects on credit creation

Jon Cunliffe, the deputy governor for the financial stability of the Bank of England (BoE), warned that the rise of crypto economy may ultimately weaken or even eliminate bank credit issuance. In a speech at the London School of Economics on 28 February, Cunliffe predicted that implementation of stablecoins on social media platforms may lead…

March 02, 2020 BY Steffy Bogdanova

Crypto currency categorized as financial instrument in Germany

Germany’s Federal Financial Supervisory Authority, also known as BaFin, released guidelines today, categorizing digital assets as financial instruments. The financial regulator states that virtual currencies are “a digital representation of a value that has not been issued or guaranteed by any central bank or public body and is not necessarily linked to a currency specified…

March 02, 2020 BY Steffy Bogdanova

Hester Peirce’s final battle with SEC as Wilshire Phoenix BTC ETF is rejected

Securities and Exchange Commissioner (SEC) Commissioner Hester Peirce has issued a statement expressing her disagreement with the Commission’s rejection of Wilshire Phoenix’s Bitcoin Exchange Traded Fund application. Peirce criticizes the SEC for unfair and narrow-minded treatment of Bitcoin-related products. Her term ends in a little over three months, in the beginning of June, some suggest…

February 17, 2020 BY Valentina Kirilova

Fullerton Markets adds a new cryptocurrency channel to its offer

St. Vincent-based brokerage Fullerton Markets announced its new addition for alternative funds transfer via digital wallet. The company added a new cryptocurrency channel to its existing options of deposits and withdrawal methods. The cryptocurrency channel works with Bitcoin, Bitcoin Cash, Binance Coin, Bitcoin SV, Dash, Dogecoin, Ethereum, Ethereum Classic, Litecoin, NEO, OmiseGO and Tron. All clients…

GSX Group launches a digital stock exchange prototype

February 11, 2020 BY Steffy Bogdanova

GSX announces the addition of new member firms

The Gibraltar Stock Exchange (GSX) announced new additions to the member firm list including Exponential Capital & Markets Inc., Constant Capital (Seychelles) Limited, Mine Digital and Razlin Capital Limited. As an established and regulated market ecosystem, GSX offers enhanced marketability and tax efficiency for issuers and investors. The company works with tier one firms, as…

February 07, 2020 BY Valentina Kirilova

Ex-CEO of Saxo Bank, Matt Long, joins Asia’s crypto company OSL

Matt Long, Saxo Bank Hong Kong’s former CEO, has joined Asia’s digital asset platforms for professional investors OSL. Long will be in charge of OSL’s distribution activities, including institutional and white-label sales and its prime brokerage business, Bloomberg reported earlier this week. The list of bankers and investors from financial companies that have made the jump to…

February 06, 2020 BY Valentina Kirilova

Archax teams up with Polymath for security tokens listing

London-based institutional digital securities exchange Archax announced that it has teamed up with Polymath, the security token platform focused on issuance and management of regulated assets. Archax will now be able to support tokens on its exchange that are created using Polymath’s ST20 standard. Digital securities, also known as security tokens, allow real-world assets, including…

January 29, 2020 BY Valentina Kirilova

Will Bitcoin adoption in the US spike in 2020?

The following article was submitted by Tamara Backovic, Content Specialist at fortunly.com. Bitcoin has been teeming with potential since the day it was rolled out. Of course, the timing of its introduction helped, giving humankind a promising alternative to the fundamentally broken fiat money at the height of the 2008 financial crisis. Many people around the world…

January 28, 2020 BY Steffy Bogdanova

5 most impactful crypto regulations of 2019

Digital currencies and distributed ledger technologies (DLT) have been faced with continuous change and fluctuation in their legislative environment in recent years, Forbes reports. Electronic money was not always as popular as it is today upheld only technologists and Libertarian in the beginning. This changed as cryptocurrencies and blockchain technology spiked interest and powered up…

Category: Cryptocurrency