Regulation

On the 30th of December 2019, Turkish Takasbank announced the launch of a BiGA Digital Gold, which is a physical gold-backed transfer system based on blockchain. Takasbank is Turkey’s central clearing and settlement house, which offers principal counterparty clearing services for some BIST markets designated by some agencies and the Board of Turkey. Other financial institutions in Turkey also participated in the launch of the BiGA Digital Gold Platform. The country announced its plans to introduce national blockchain infrastructure some…

An exchange-traded fund (ETF) recently sent an application to the China Securities Regulatory Commission. Penghua fund filed for the ETF proposal on the 24th of December, intending to monitor publicly listed stock performance from blockchain business. The fund’s approval would make it the pioneer ETF targeted on blockchain in China. The news was highlighted on the 26th of December by SSJ, a Chinese government journal. Many Blockchain Industries Get Listed on Blockchain 50 Index The Shenzhen Stock Exchange also announced…

Bitfinex is a top crypto exchange registered on British Virgin Island and has its headquarters in Hong Kong.  This cryptocurrency recently announced its KYC policy update to tighten its security and well compliance with the set crypto regulations. As per a specific Reddit post, verified users of Bitfinex exchange are getting E-mails to give proof of residential address. Additionally, Bitfinex will also inquire about the source and use of funds from their verified clients. Paolo Ardoino, the exchange’s chief technology…

BitMEX is among the leading crypto exchanges in daily trading volume. Nonetheless, the amount of Bitcoin on the exchange is 0.18% of the coins in circulation. On the 26th of December, James Lopp tweeted about the exchange’s dedicated insurance fund’s upsurge by 62% this year. The exchange’s insurance fund’s historical records show that it was 20,776 Bitcoin on the 1st of January and 33 449 on the 26th of December. As of the time of writing, the value is close…

Over the last few weeks, Bitcoin's price and most of the Altcoins have continued to fall. Meanwhile, XRP has priced below the primary support levels of $ 0.220 and the 100 Simple Moving Average (4 hours). Hence, it paved the way for further losses below $ 0.210. The price finally sampled the core maintenance area near the $ 0.200 level and the crucial multi-month maintenance near the $ 0.198 level. XRP price fell significantly, even falling below the $ 0.180…

Simplecoin, Chopcoin, and Bottle Pay are among the crypto companies dissolving upon the EU money-laundering regulations. These regulations will take effect from the 10th of January 2020. Simplecoin is a crypto mining tool, while Chopcoin is a bitcoin gaming platform. A notice on Simplecoin's website says it will shut down on the 1st of January 2020. It is due to AMLD5 demanding its users to perform KYC for anti-money laundering, AML reasons, which will threaten users’ privacy. Bottle Pay, on…

SEBA Crypto AG, a crypto-focused banking firm based in Switzerland, has expanded its services to nine new nations. The startup aims to offer the crypto industry with banking services that it has lacked for a very long time. SEBA made this move after it received a Swiss banking license. It was obtained in August and started full operations just a month ago. It named the new countries like Austria, Portugal, Singapore, France, Germany, Hong Kong, Netherlands, United Kingdom, and Italy…