Cryptocurrencies Pose No Threat to Financial Stability: EU Central Bank

news The European Central Bank (ECB) has said that cryptocurrencies are currently not a threat to financial stability in the euro zone. In its latest paper on the subject, published Friday, the ECB said the combined value of crypto-assets is small relative to the financial system, and “linkages” to the financial sector are still limited. Further,…

German State Announces Plan to Establish European Blockchain Institute

The government of the German state North Rhine-Westphalia (NRW) announced plans to establish the European Blockchain Institute to research blockchain technology in a press release on May 13.According to NRW Economics Minister Andreas Pinkwart, the European Blockchain Institute will be founded in the city of Dortmund later this year, inside the Fraunhofer Institute for Material…

The Hidden Effects of Crypto Money Laundering Rules

news Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market with news and views on crypto infrastructure delivered every Tuesday. Sign up at the link below.  Ever since Emperor Vespasian held up…

Swiss Watchdog Rules Crypto Miner’s ICO ‘Seriously Violated’ Laws

news Switzerland’s finance watchdog has found that the cryptocurrency mining firm Envion AG, which raised millions through an initial coin offering (ICO), held the sale illegally and “seriously violated” laws. Announcing the news on Wednesday, the country’s Financial Market Supervisory Authority (FINMA) said that Envion unlawfully received public deposits worth over 90 million francs ($90.33…

Germany Seeking Industry Feedback for National Blockchain Strategy

news The German government is seeking industry feedback ahead of developing the country’s blockchain strategy by the summer. A Reuters report on Monday, citing anonymous government sources, said that companies and industry groups “that could become stakeholders in a blockchain deployment process” have been invited to provide recommendations on the strategy. Whether proposed recommendations would…

Oceans Apart: Crypto Regulation in the US and EU

feature Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. ————————–————————–————————–————————–————————–————————– Spare a thought for the financial regulators: the American ones, with no paycheck…

British Crypto Exchange CEX.IO Now Requires Identity Info From Users

United Kingdom-based cryptocurrency exchange CEX.IO now requires its users to disclose their identities, financial trading news outlet Finance Magnates reported Dec. 11.Established in 2013, CEX is a London-based cryptocurrency trading platform, initially started as a cloud mining provider. Currently, the exchange supports eight major digital currencies and four major fiat currencies, while its adjusted daily…

TransferGo Opens Payments Corridor to India Using Ripple Tech

Payment provider TransferGo has announced it is launching a remittance corridor to India that uses Ripple technology for near real-time transactions. Available from “anywhere in Europe,” the firm said in a press release that using Ripple’s services allows it to replace the “multiple slow incumbent communications systems, most prominently Swift, where transfers can take up…