Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Firms Build

According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing Crypto …

Congressman Finalizing Bill to Exempt ICOs from Securities Laws

Republican Congressman Warren Davidson, an avowed bitcoin adn blockchain fan, plans to introduce federal legislation that will regulate initial coin offerings (ICO) and cryptocurrencies. The bill would create an “asset class” for tokens, which would prevent them from “being classified as securities, but would also allow the federal government to regulate initial coin offerings more …

Ripple, NEM and others Launch EU Blockchain Association

Ripple and three other blockchain based companies have formed a lobbying association that would represent their interest in Europe, according to their press release. Dubbed ‘Blockchain for Europe,’ the lobbying group would aim to create a credible and unified voice for the industry in Europe. The members of the new blockchain lobbying group are Ripple, …

Does Europe’s ‘Blockchain Island’ Really Live up to the Hype?

Twitter Facebook LinkedIn Malta. The Blockchain Island. A postage-stamp-sized nation nestled in the Mediterranean famous for its rocky coastline, Baroque cathedrals, Megalithic temples, and centuries of culture. It’s a veritable mishmash of graying British expats, luxurious hotels, exotic women, cars that drive on the left, and a host of other legacies left by the various …

Thailand’s Deputy Prime Minister Calls for More Cryptocurrency Regulations

Twitter Facebook LinkedIn The Deputy Prime Minister of Thailand, Wissanu Krea-ngam, has called for the enhancement of cryptocurrency regulations in the country. Speaking during the fourth regional Counter-Terrorism Financing Summit which took place in Bangkok, Wissanu argued that there was a need for more domestic and international legal measures to be put in place to …

China’s Central Bank Slams Blockchain Investment ‘Bubble’

Twitter Facebook LinkedIn China’s central bank has called on the government to strengthen supervision into ‘speculative’ financing and investments in the blockchain sector. The Research Bureau of the People’s Bank of China, the country’s central bank, published a working paper titled ‘What can a blockchain do and cannot do?’ on Tuesday. An early analysis of …

Decentralized[?] Ethereum Exchange IDEX to Force New IP Blocks, KYC

Twitter Facebook LinkedIn IDEX, formerly known as a “decentralized” Ethereum exchange (DEX), has announced that its service will soon feature expanded regional restrictions and KYC policies comparable to those enforced on most centralized cryptocurrency trading platforms. Ethereum Exchange IDEX Moves to Comply with Crypto Regulations The operator of IDEX, the Panama-registered Aurora Labs S.A., announced …

Russian Financial Watchdog Calls for Global Crypto Exchange Regulations

Russia’s Financial Monitor Service (FMS) is seeking the intervention of a global financial watchdog to regulate cryptocurrencies, local media sources have reported. Russia Wants Global Crypto Regulations The Russian financial regulatory agency contacted the Financial Action Task Force (FATF) to request an intergovernmental initiative that could control the supply and flow of cryptocurrencies. Pavel Livadny, the Deputy …

Cryptocurrency Fever is Starting to Fade: Russian Central Bank

Elvira Nabiullina, the head of the Central Bank of the Russian Federation, claimed that investors’ excitement toward cryptocurrency has begun to cool. Her remarks came at the FINOPOLIS innovative financial technology forum. Cryptocurrency Fever ‘Beginning to Disappear’ The famed Russian economist and former economic advisor to the Russian President Vladimir Putin represented businesses’ point of view …

Kenyan Government to Use Blockchain to Distribute Affordable Housing

The Kenyan government plans to leverage blockchain technology for the distribution of new government-funded housing units, according to reports from local news outlet the Star. The Kenyan National Housing Fund will finance the initiative under the Finance Act 2018, and it plans to create an efficient allocation of the houses to those who need it …