As FinTech continues to reimagine new business models for finance, a high-profile financial regulator believes it can also be used to enforce derivative laws more effectively. CCN reports.
South Korea’s cryptocurrency exchange Zeniex will soon terminate its services due to a recent government crackdown on unauthorized platform. Reported by the Cointelegraph.
The U.S. dollar-pegged crypto token CarbonUSD has just launched as the first stablecoin on the EOS platform. Reported in CoinDesk.
The German Federal Financial Supervisory Authority (BaFin) has ordered partial cessation of activities by U.K.-based crypto-related firm Finatex Ltd., according to an official announcement published on BaFin’s website on Friday, Nov. 9. Reported in the Cointelegraph
Binance announced around midnight Chinese time yesterday that it is branching beyond being an enterprise-quality consumer token exchange with the launch of Binance Research, an investigative subproject which relays in-depth, objective information on upcoming tokens – presumably, tokens listed on the exchange. Reported to CCN.
Thailand’s securities regulator will clear “at least one” Initial Coin Offering (ICO) “portal” to operate legally in November. It is reported by the Cointelegraph.
A subsidiary of Canadian financial institution VersaBank confirmed it had finished beta testing of a “digital vault” for storing cryptocurrency in a press release Nov. 8. It is reported by the Cointelegraph.
Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro. Reports about it CoinDesk.
The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space. Reported in the Cointelegraph.
The South Korean government has agreed to invest $35 million in next year’s budget to develop blockchain technology and industry related to distributed ledger technology (DLT), South Korea's largest economic information service company Korea Economic Daily reported Nov. 8. Reports about it Cointelegraph.