UK Report Warns PMs Not to Crack Down Too Hard on Crypto

UK Report Warns PMs Not to Crack Down Too Hard on Crypto

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A new report on cryptocurrency regulation in the UK warns that “bad regulation is worse than no regulation at all,” the Telegraph reported on Monday. Experts cited in the report claim that an overly harsh crackdown on cryptocurrencies could break up the UK crypto market, causing companies to move to less regulated pastures to set…

South Korea Cracks Down on Unauthorized Cryptocurrency Funds

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South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into…

J.P. Morgan to Use Ethereum-Based Quorum for Tokenizing Gold Bars in Pilot Experiment

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J.P. Morgan’s Quorum blockchain, an enterprise-grade DLT solution built on Ethereum, is being deployed for tokenizing traditional assets to test the robustness of blockchain technology, reported Financial Review on Oct. 29, 2018. Tokenizing Gold Bars The New York-based investment bank will leverage blockchain technology for tokenizing gold bars to allow miners to earn premiums on…

Joseph Lubin Goes in to Bat for Blockchain on CNBC, Says Ecosystem “Stronger than Ever”

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While blockchain starts to pepper mainstream media with pervasive force, cryptocurrency pricing seems yet to shake its status as the mouthpiece of progress for the entire industry. CNBC, for one, recently queried Ethereum co-founder Joseph Lubin on whether digital currencies were on their last legs. Clearing the air with a wry chuckle, Ethereum Co-Founder Joseph…

The New Effort to Get Bitcoin's Lightning Network In Every Browser

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Devs are looking to make bitcoin’s layer-two lightning network compatible with a payment standard used by all major browsers – and so far, so good.

Bitstamp Confirms Acquisition by South Korean Company

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Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitstamp Acquired The oldest…

Mastercard Files Patent to Centralize Cryptocurrency Transactions, Calls out Bitcoin’s Wait Times

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The “bankization” of cryptocurrencies seems inevitable, as a slew of traditional players enters the crypto-finance market. In the latest development, U.S. payments processor Mastercard filed a patent applying the concept of fractional reserve banking to cryptocurrency payments. Mastercard Looks Towards Crypto-Finance Published on Oct. 25 by the U.S. Patent and Trademark Office (USPTO), the application details…

Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law

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Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Not Virtual Currencies Japan’s…