The standing committee has warned the public against trading in the digital currencies or what is known as virtual currency for their negative consequences and high risks on traders as they are out of government supervision. The committee assured that virtual currency including, for example but not limited to, the Bitcoins are illegal in the…
Read moreThe Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) today issued a joint staff advisory that gives exchanges and clearinghouses registered with the CFTC guidance for listing virtual currency derivative products. The CFTC staff is committed to providing regulatory clarity as much as possible,” said DMO…
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The Commodity Futures Trading Commission’s LabCFTC has today released, “A CFTC Primer on Virtual Currencies.” This primer is the first of a series that LabCFTC will release to provide fundamental, and essential, information about financial technology (FinTech) innovation. LabCFTC believes that promoting education, understanding, and regulatory clarity around emerging technologies can help facilitate market-enhancing innovation…
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The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has set out in Guidance its approach to Initial Coin/Token Offerings (ICOs) and virtual currencies under the Financial Services and Markets Regulations (FSMR). Distributed Ledger Technology (DLT) has extraordinarily wide application to financial services and markets as a whole. Virtual tokens, at their…
Read moreThe SWIFT Institute has published a new research paper analysing whether Bitcoin will crowd out fiat currencies in the global community. The paper, entitled “Virtual currencies: Media of exchange or speculative assets?”, looks at the dynamic relationship between virtual currencies, such as Bitcoin, and fiat currencies, and evaluates any immediate risks that virtual currencies pose…
Read moreEarly last year, the state of New York began requiring a license to engage in virtual currency activity. Ripple engaged with New York’s Department of Financial Services (DFS) and today received a “BitLicense” to sell and custody XRP, the digital asset native to the Ripple Consensus Ledger, for institutional investors and financial institutions in New…
Read moreBritish bank Santander UK plc, wholly owned by the Spanish Santander Group (BME: SAN) announced they are the first UK bank to introduce blockchain technology which facilitates international payments, through a new app. It is currently being rolled out as a staff pilot, with the intention to expand the technology at a later date. Once the…
Read moreThe payment services provider plans to issue its own crypto currency using blockchain technology and is already in discussions with the Bank of Russia.
Read moreThe Cypriot Forex broker has teamed up with BitPay and now accepts account deposits via Bitcoin.
Read moreComments by Russia's president that different “coins” could be used in some sectors were interpreted as support for Bitcoin. This interpretation was afterwards rebuffed by Kremlin's press spokesman.
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