FinTech News Bulletin (Last updated: December 07, 2018)

December 07, 2018

  • Two Bills on Virtual Currencies Introduced by the USA

U.S. Congressmen Introduce Two Bills To Prevent Crpyto Price Manipulation
https://www.coindesk.com/us-congressmen-introduce-two-bills-to-prevent-crypto-price-manipulation

  • World Economic Forum Assesses Policy Implications for Crypto-Assets

The Future of Crypto-Assets Opportunities from Opportunities to Policy Implications
https://www.weforum.org/agenda/2018/12/crypto-assets-opportunities-policy-implications-ubs/

  • Blockchain Startups Cut Spending and Staff Heavily as Markets Tumble

Crypto Market Crash Leaving Bankrupt Startups in its Wake
https://www.coindesk.com/fidelity-looking-to-expand-digital-asset-trading-beyond-bitcoin-and-ether

December 03, 2018

  • G-20 Countries Plan Necessary Reform for the Digitised World

G-20 Summit Agrees to Regulate Cryptocurrencies in line with FATF Standards
https://bitcoinist.com/g20-regulate-cryptocurrencies-fatf/ 

  • Liechtenstein Bank aims to be ‘Blockchain Investment Bank’

Liechtenstein Bank Issues  Launched a New Service for Building Blockchains
https://markets.businessinsider.com/news/stocks/union-bank-ag-to-be-the-first-fully-regulated-bank-ever-to-issue-its-own-security-tokens-closely-followed-by-a-fiat-backed-union-bank-payment-coin-1027467018 

  • Fidelity to Expand Breadth of Digital Assets

Fidelity Looking to Expand Digital Asset Trading Beyond Bitcoin and Ether
https://www.coindesk.com/fidelity-looking-to-expand-digital-asset-trading-beyond-bitcoin-and-ether

November 30, 2018

  • SEC Chairman gives guidance on what US regulators are looking at

6 Big Takeaways from SEC Chair Clayton’s Crypto Remarks
https://www.coindesk.com/expert-analysis-sec-clayton-crypto-regulations 

  • Amazon Managed Blockchain Platform Gets Launched

Amazon Has Launched a New Service for Building Blockchains
https://www.coindesk.com/amazon-announces-blockchain-builder-service

  • World’s first Listed Multi-Asset Crypto Index Product Started Trading

Amun Crypto Basket Index ETP Lists on Swiss Exchange (SIX)
https://www.businesswire.com/news/home/20181122005105/en/Amun-Crypto-Basket-Index-ETP-Lists-Swiss

November 26, 2018

  • Decline in Bitcoin’s price and hash rate causes massive shutdown

600k Bitcoin Miners Shut Down in the last 2 weeks, F2Pool Founder Estimates
https://www.coindesk.com/600k-bitcoin-miners-shut-down-in-last-2-weeks-f2pool-founder-estimates

  • Institutionalisation in the crypto markets comes with a challenge, according to KPMG

New KPMG Report Says Cryptoassets have arrived but are you ready for institutionalization?
https://btcmanager.com/new-kpmg-report-says-cryptoassets-are-here-but-institutionalization-still-has-its-challenges/ 

  • Strength of the British blockchain industry revealed in new report

State of the UK DLT Market
https://www.google.com/url?q=https://www.pesmedia.com/british-blockchain-industry-distributed-ledger-technologies/

 

November 23, 2018

  • European Commission launches a new blockchain association effective from next year

Major Banks Sign Up for New EU Commission Blockchain App Association
https://www.coindesk.com/major-banks-sign-up-for-new-eu-commission-blockchain-app-association

  • SEC issues settled orders against 2 companies for the sale of unregistered securities after raising capital

ICO Issuers, Class Action Lawsuits Find Succor from US Regulator
https://diar.co/volume-2-issue-45/#2

  • Findings suggest 2018 to be a weak year in terms of ICO performance

ICO Woe Compounded by two bleak studies of 2018 ICO performance
https://thefintechtimes.com/ico-woe-studies/

November 21, 2018

  • Top Financial Tech Firms and Banks launch Guidelines to help UK startups

UK Banks publish Fintech Collaboration Toolkit
https://www.finextra.com/newsarticle/32905/uk-banks-publish-fintech-collaboration-toolkit

  • FCA looking to potentially ban some crypto-backed derivatives with underlying market integrity issues

UK Could Ban Some Crypto Derivatives says Financial Watchdog Executive
https://www.coindesk.com/uk-could-ban-some-crypto-derivatives-says-financial-watchdog-exec

  • UK now receives 42 per cent of all venture capital funding in Europe

UK’s technology startups are raising the bar in European venture capital
http://www.cityam.com/269347/uks-technology-startups-raising-bar-european-venture 

November 20, 2018

  • ESMA and SMSG publish a report to discuss steps to contain risks of ICOs and Cryptoassets

Stakeholder Report on ICOs and CryptoAssets
https://www.lexology.com/library/detail.aspx?g=8191bd4d-5405-4cfb-90c3-6dc3a2702ed9 

  • US Deputy Attorney Rosenstein calls for international cooperation in investigating  cryptocurrency crimes

Department of Justice: Regulators can’t let criminals “hide behind” crypto
https://www.coindesk.com/dojs-rosenstein-regulators-cant-let-criminals-hide-behind-crypto

  • Bitcoin drops to it’s 2018 lowest levels

No End in sight for Crypto Sell-Off as Bitcoin Breaches $4,500
https://www.bloomberg.com/news/articles/2018-11-20/no-end-in-sight-for-crypto-sell-off-as-tokens-take-fresh-hit

 

October 31, 2018

  • More guidance on crypto tax expected early next year

UK Government Says it will update Crypto Tax Guidance By Early Next Year
https://www.coindeshttps://www.coindesk.com/uk-government-says-it-will-update-crypto-tax-guidance-by-early-next-year/k.com/uk-royal-mint-says-market-conditions-led-to-blockchain-gold-plan- 

  • Crypto-based derivatives raise huge concerns, according to FCA

UK’s Financial Regulator Mulls Ban on sale of crpyto derivatives

https://cointelegraph.com/news/uks-financial-regulator-mulls-ban-on-sale-of-crypto-derivativeshttps://www.coindesk.com/blockchain-firm-setl-wins-license-to-operate-central-securities-depository/

  • Fidelity, State Street and Northern Trust join the crypto-bandwagon

Institutions coming for your crypto
https://cnb.cx/2D1sO7l

 

October 26, 2018

  • UK Royal Mint suspends plans to create gold-backed crpyto-asset

UK Royal Mint says Market Conditions Led to Blockchain Gold Plan Freeze
https://www.coindesk.com/uk-royal-mint-says-market-conditions-led-to-blockchain-gold-plan-

  • Settlement infrastructure provider gets license for  blockchain-based central securities depository system

UK Blockchain firm SETL wins license to operate Central Securities Depository 
https://www.coindesk.com/blockchain-firm-setl-wins-license-to-operate-central-securities-depository/

  • Coinbase and Circle collaborate to create “Centre Consortium” for Stablecoins

Giants Coinbase and Circle form JV to boost adoption of dollar-backed digital coins
https://cnb.cx/2D1sO7l

 

October 23, 2018

  • Blockchain Disruption in Numbers

Use of blockchain in Major Industries by numbers: Retail, Manufacturing, Finance and Others
https://cointelegraph.com/news/use-of-blockchain-in-major-industries-by-numbers-retail-manufacturing-finance-and-others 

  • Stablecoin Tether retains dominance

Tether remains dominant despite concerns
https://bit.ly/2PQeHnW

  • Cyberspace Administration of China (CAC) plans to regulate blockchain-service providers

China’s Internet Censor Releases Draft Regulation for Blockchain Startups
https://www.coindesk.com/chinas-internet-censor-releases-draft-regulation-for-blockchain-startups/


October 18, 2018

  • EU Parliament Issues Resolution on Distributed Ledger Technologies

 Blockchain Resolution Passed by EU Parliament but GDPR Could Be Weak Link
  https://bit.ly/2AgSLgk 

  • Bitcoin Futures  on  Chicago Mercantile Exchange see significant jump this quarter

CME: Average Daily Volume for Bitcoin Futures Grew 41% in Q3
   https://www.coindesk.com/cme-average-daily-volume-for-bitcoin-futures-grew-41-in-q3/

  • Japan Eases Accounting Procedures for Cryptoassets

Japanese Government Working to Simplify Cryptocurrency Tax Filings
   https://www.coindesk.com/japanese-government-working-to-simplify-cryptocurrency-tax-filings/

October 15, 2018

October 12, 2018

 

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