Regulation
ECB Coeure: Facebook’ Libra is Too Dangerous in the Regulatory Void!
The European Central Bank Executive Board member Benoit Coeure urged the financial regulators to take prompt actions regarding the advent of Facebook’s Libra coin, as reported by Bloomberg on 7 July.
US Congress and Over 30 Organizations Requested Moratorium on Facebook’s Libra
The United States House of Representatives Committee on Financial Services issued a letter to request Facebook to stop developing Libra stablecoin and Calibra wallet.
What are the 4 Key Takeaways from Next Block Asia?
Held in W Hotel, Bangkok 25-26 June, the Next Block Asia Conference gathers over hundreds of blockchain and financial professionals in connecting the world of crypto and traditional finance. Day 1 of the Next Block Asia Conference focused on crypto and blockchain whereas day 2 focused in traditional finance.
Crypto Market Update: 17 June 2019
Since last Monday the crypto markets have gained a solid 16%, driven largely by Bitcoin, where the total crypto market capitalization is at $284 billion. Over the same period daily volume has jumped from $60 to $75 billion.
AMF: Beware of Crypto Training Providers!
The Autorité des marchés financiers (AMF) issued an announcement on April 9 to warn the operations of KUVERA LLC/KUVERA France. The company provides training courses and software solutions to promote “highly speculative” trading products among young adolescents, which includes trading cryptocurrencies and forex products. Besides, KUVERA offers subscribers compensation that automatically increases with number of subscribers recruited, which is strictly prohibited in France.
Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches
Market regulator highlights 11 cases where supermarkets and online platforms sold food products that did not meet national food safety standards
100 Million: You Can Apply Swiss New FinTech licence Permitting to Accept Public Deposits of Up to 100 Million Next Year
From 2019, interested parties can apply for the new FinTech licence. The Swiss Financial Market Supervisory Authority FINMA is responsible for granting this licence. It has published guidelines aimed at simplifying the application process.