Category: Cryptocurrency

December 23, 2019 BY Mariela Naydenova

ASIC secures regulatory proceedings against USGFX representatives

The Australian Securities & Investments Commission (ASIC) has announced that the Federal Court in Sydney has issues asset restraint orders against Corporate Authorised Representatives of OTC derivatives provider USGFX, or Union Standard International Group Pty Ltd. ASIC has sought to issue the restraint orders in order to protect customers while an investigation against USGFX is underway. The Federal…

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December 23, 2019 BY Mariela Naydenova

FINRA fines Robinhood with $1.25m for dubious execution processes

FINRA has recently fined Robinhood with a $1.25 million for execution lapse processes. The California-based unicorn that offers commission-free trading servings to its clients has reportedly violated certain execution processes. What FINRA found out is that the execution price on the app was not updated in the proper way, an act that caused price disruptions…

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December 20, 2019 BY Mariela Naydenova

The US Congress introduces the Crypto-Currency Act of 2020

The US lawmakers are getting serious about regulating the cryptocurrency industry in 2020. Thus, the US is bringing a special regulatory framework for digital assets (including digital coins). For the purpose, a new bill called Crypto-Currency Act of 2020 is introduced to find out which federal agencies exactly are to regulate digital assets. The bill…

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Ripple CEO on speaking trail, but draws criticism for rewriting XRP history
December 20, 2019 BY Mariela Naydenova

Ripple raises $200 million to advance global payments

Ripple has recently raised $200 million in what is the company's Series C round, reports Tech Crunch. The leading investor in this funding round is Tetragon, followed by Route 66 Ventures and SBI Holdings. Ripple is now valued at around $10 billion. This is what Brad Garlinghouse, the CEO of Ripple stated: We are in…

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Facebook
December 20, 2019 BY Mariela Naydenova

Libra comes up with new 2.0 Roadmap for the 2020 launch

Libra is going full force with new roadmap for its 2020 launch. While regulatory concerns may have delayed the plans of Facebook to launch its cryptocurrency project, the company has designed a new plan for the upcoming start of Libra. The information about the second roadmap comes from a blog post from Libra's developers. They…

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Singapore fx
December 20, 2019 BY Mariela Naydenova

The World Federation of Exchanges responds to MAS regarding derivatives contracts on crypto assets

The WFE (the World Federation of Exchanges), the global industry group for exchanges and central counterparties called CCPs, has recently given a response to MAS, the Monetary Authority of Singapore's Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens or so crypto assets. The response given by WFE stresses the significance of the role…

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December 20, 2019 BY Mariela Naydenova

Blockchain giants partner to solve inefficiencies in the global FX market

The global FX market is to be disrupted and improved by major blockchain leaders. Finteum and Fnality have announced that they are partnering to create interoperability between Fnalty's USC Ethereum-based solution (Utility Settlement Coin) and Finteum's application (the app is built on R3's platform Corda). The interoperability creation will focus on intraday FX swaps executed…

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Securities and Exchange Organization
December 20, 2019 BY Mariela Naydenova

Are Muslim countries going to have their own crypto?

The President of Iran has proposed that Muslim countries adopt a cryptocurrency. President Hassan Rouhani commented that the domination of the US dollar has allowed economic sanctions to basically weaken economies. Thus, an action must be taken to neutralize this negative effect of the USD. The President of Iran has expressed his wish for a cryptocurrency…

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