528_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xYTJiZTBhMmNhNmE3N2I0ZTg3ODYzOTA3OTIwYzM3OC5qcGc.jpg

Third Largest Crypto Exchange Huobi Opens London Office, Sets OTC Trading for Q3 2018

OTC trading will come to the UK and Europe via Huobi after the exchange formally launched its London office. Chinese cryptocurrency exchange Huobi confirmed the opening of its London office June 28, with over-the-counter (OTC) trading tests set to begin in Q3 this year. In a press release shared with Cointelegraph, Huobi, which claims to have a global user base of “more that five million,” continued its recent narrative that expansion into Europe was a priority, with London a deliberate choice for basing its new operations. “London was selected as the first office in Europe, due to its preeminence as a global financial center and the largest cryptocurrency trading centre in the region with an active blockchain community and fast developing market,” the exchange wrote in praise of the local UK landscape. “Huobi’s UK growth will be supported by high quality finance and technology talent pools and an open cryptocurrency regulatory environment.” The move follows similar decisions from other major exchange industry players, most conspicuous among which is Binance, once the world’s biggest operator by volume, which moved to Malta in April. At the same time, Cointelegraph reported, Huobi set its sights on London, privileging the location above all others as its “Europe gateway.” “Not Malta, not Switzerland.…
528_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hMDRiNDUyZGU0NTE0M2VlMjc3MDUwZTM2NmZkN2JiMy5qcGc.jpg

Major European Regulator, Banks Collaborate on Blockchain Warrant-Issuance System

Eight European gov’t and private financial institutions are collaborating on a blockchain system for recording the issuance of financial warrants. Eight major European financial entities have announced they will work together on a blockchain tech project for recording the issuance of financial warrants, Spanish news outlet el Economista reports today, June 25. Spanish securities regulator the National Securities Market Commission (CNMV), along with major stock market operator BME, and banks Santander, BBVA, BNP Paribas, CaixaBank, Commerzbank and Société Générale have “successfully” completed a Proof-of-Concept, which they call Fast Track Listing.…
528_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zY2UwOWNkN2VhNjVhMWNiNDdjOGM5MGY4YWUwNjcxYy5qcGc.jpg

Estonia Rolls Back Its Plan to Issue National Digital Currency

Estonia has rolled back its plans to issue a national cryptocurrency, Estcoin, after criticism from the European Central Bank Estonia rolled back its plan to establish a national cryptocurrency Estcoin following criticism from the President of the European Central Bank, Mario Draghi, and local banking authorities, Bloomberg reported June 1. The managing director of the Estonian e-residency program, Kaspar Korjus, proposed the development and issuance of Estcoin in August last year.…
528_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZDRmNTUyMzM5OGQ4ZTZjZjU1M2U3YmZmOGE4NzRjOC5qcGc.jpg

Germany’s BaFin Visits National Bank of Georgia to Discuss Crypto Regulations

Germany’s supervisory authority met with Georgian financial authorities to share crypto regulation experience and expertise. One of the largest financial supervisors in Europe met with the National Bank of Georgia (NBG) and other members of the finance sector to discuss cryptocurrency regulation, according to a post on the NBG’s site May 18. According to the post, a representative from Germany’s Federal Financial Supervisory Authority (BaFin) met with members of the NBG, the international financial institutions (IFI), private sector, commercial banks, brokers, audit, and legal companies to increase awareness of crypto in the country.…
528_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lMWM0MjgzN2Y0NDVjN2NiM2NiYjBlZjhmMWZjYmUzNi5qcGc.jpg

Hacked Crypto Exchange Coincheck Confirms Removal of Four Anonymity-Focused Altcoins

Japanese crypto exchange Coincheck issues official statement on removal of four privacy-oriented cryptocurrencies in June. Recently hacked Japanese crypto exchange Coincheck will end trading for four privacy-oriented cryptocurrencies, Monero (XMR), Zcash (ZEC), Dash (DASH), and Augur (REP), Cointelegraph Japan reported May 18. Following reports from back in March, the exchange has now officially confirmed the removal of the four anonymity-focused coins will come into effect June 18.…
528_aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9mZjJjZWU4ZGRkMWVmNWYxZGFhNTlkOWQ1N2E3MjY4Mi5qcGc.jpg

Belarus Considers Digital Economy a Top Priority, Develops Resolution For OSCE Meeting

Belarusian authorities consider digital technology as a top priority issue, and are preparing a digital economy resolution for the OSCE session in Berlin. Belarus considers the digitization of the economy a top priority and is developing a resolution promoting digital economy for a session of the Parliamentary Assembly of the Organization for Security and Co-operation in Europe (OSCE PA), local news  BelTA reports May 15. Speaking at the Eurasian Digital Forum, the Minister of Telecommunications and Informatization Sergey Popkov said that digital technology is considered as a top priority due to its ability to transform “the economy, public administration and social services.”…
528_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hOTEwMTYxYTA4ZGFkMjBmMmM5MjFmOTYwNjFiMzkxMy5qcGc.jpg

European Commission To Fight Fake News With Power Of Blockchain

The European Commission has included blockchain to the basic tools and technologies that will be used in its upcoming framework to prevent disinformation online. The European Commission (EC) has recently named blockchain technology to be part of its framework to combat the spread of false information online, TechCrunch reports Monday, April 30.   The EC has identified blockchain as a critical part of what it will call the Code of Practice on Disinformation, which it intends to introduce by summer 2018. According to a recently published press release by the EC, blockchain technology is one of “emerging technologies which are changing the way information is produced and disseminated, and have the potential to play a central role in tackling disinformation over the longer term.” The EC says blockchain applications can help provide provide transparency, reliability, and traceability of news on the Internet.…
528_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xOWJhZjY4Yjc4ZWI4YzRiMjBiNWZkMzM1OTBkYjc1Ny5qcGc.jpg

Banks And Cryptocurrencies Global Evaluation: Europe

European regulation awaits further instruction European leaders seem to have finally come to a consensus that the innovative technology underlying crypto-assets “has the potential to improve efficiency and inclusiveness of the financial system and economy more broadly,” as emphasized at the G20 summit in Argentina in March 2018. However, when it comes to regulation, the lack of consensus among global leaders made it impossible to enact broad legislation.…
528_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy80OTE1YWE1ODE2ZTMwZDllMDdjMWYxOTVmYWFkM2ExOS5qcGc.jpg

Spanish Authorities Arrest 11 In Crypto Money Laundering Ring

11 suspects have been arrested in an investigation of a Spanish-Colombian crime ring using crypto to launder illicit funds. Operation Tulipan Blanca (White Tulip), coordinated by Europol and conducted by the Spanish Guardia Civil, has resulted in the arrest of 11 individuals for laundering more than EUR 8 mln via cryptocurrencies, according to a Europol press release April 9. According to Europol, the investigation was centered around a crime ring which launders money from narcotics sales using credit cards and cryptocurrencies. Launderers would pick up the illicit funds in cash, after which they would deposit them in small amounts into hundreds of third bank accounts.…