BiboxEurope Boosts Fiat Onboarding Options with Pound Sterling (GBP) Launch

The new currency offering allows the VQF-backed digital asset exchange to tap into new markets and solidifies its presence in Europe   Zurich, Switzerland – BiboxEurope, the AI-enhanced, encrypted digital asset exchange, has boosted its fiat onboarding capabilities with fiat-to-cryptocurrency trading of the pound sterling (GBP) with Bitcoin and Ethereum. Users are already able to trade with euros (EUR) after the exchange launched BTC/EUR and ETH/EUR in July amid a sustained phase of growth. The inclusion of GBP expands BiboxEurope’s footprint in the evolving European crypto landscape and widens its…

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Cryptocurrency Giants Form Crypto Rating Council to bring clarity to market

It was reported this week that a series of trading and investment giants in the cryptocurrency space, including Bittrex, Circle, Coinbase, Genesis, and Kraken, have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms.   The CRC, it is hoped, will bring greater clarity to the vague characterization of cryptocurrencies by global regulators — allowing digital assets service providers to assess the digital assets and whether they may fall afoul of future regulation. The group…

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MERJ Exchange goes live with world’s first tokenized IPO

The Seychelles’ stock exchange becomes the first entity in the world to hold an initial public offering of security tokens   Seychelles – MERJ, the national stock exchange of the Republic of Seychelles, announces today the initial public offering (IPO) of its tokenized shares, becoming the first entity in history to do so. The offering values the 8-year old exchange at $25M.    The offering is now open to investors from across the globe through the exchange’s own portal, as well as through collaborations with US broker-dealer Jumpstart, US custodian…

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MERJ offers U.S. investors regulated exposure to tokenized securities

Seychelles, September 2019 – MERJ, the official stock exchange of the Republic of Seychelles, teams up with U.S. broker-dealer Jumpstart and custodian Prime Trust to open its doors to American accredited investors seeking to take part in its equity offering. The move marks the first time in history that investors are able to invest in digital securities on a fully regulated national stock exchange.     MERJ’s tokenized security will be publicly listed on a fully regulated national stock exchange and denominated in U.S. dollars, offering investors a secure and familiar way to gain exposure to…

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Industry Leaders react to IMF’s Lagarde Comments on Crypto

With IMF Chief and European Central Bank (ECB) president candidate, Christine Lagarde, yesterday stating that central banks and financial supervisors should protect consumers, but also be open to innovations such as cryptocurrencies, what does this signal for the burgeoning blockchain and crypto industry?    Expert commentaries from leaders in the blockchain and crypto space comment:-   Charles Lu, CEO of Findora, a cryptographically transparent public ledger for building financial services applications, said:   Lagarde’s stance on blockchain technology is astute; she recognizes both the need for comprehensive regulation informed by…

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Prometheum announces it acquires InteliClear technology in its Regulation A+ refiling in a move to become the first compliant cryptosecurity clearing firm in the U.S.

Founded by a group of seasoned Wall Street securities attorneys, Prometheum is the first in the crypto space to implement the required technology to clear and settle cryptosecurity trades   New York, September 4, 2019 – Prometheum, a blockchain-based financial platform for creating and publicly trading cryptosecurities, is announcing the strategic acquisition of a version of InteliClear’s post-trade solution technology, laying the groundwork for Prometheum to become the first alternative trading system (ATS) able to clear and settle cryptosecurity trades.    At the heart of every U.S. clearing firm is…

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MERJ Exchange Partners with FCA-regulated Globacap to Offer Tokenized Securities to EU Investors

Seychelles, August 2019  – In a move to shape the future of financial markets, the first national stock exchange to list tokenized securities today announces its partnership with the UK’s first regulated platform to issue tokenized equity.   MERJ Exchange beat rivals to become the first fully-regulated exchange globally to list equity-security tokens in August. Now, the national stock exchange of the Seychelles plans an initial public offering of the tokens. It will partner with London-based Globacap to distribute the securities in the UK and Europe.   The alliance brings…

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Is Multi-Factor Authentication the Answer for Fintech?

With each application and website that hosts financial data such as bank details, there are several access points for hackers to enter and steal confidential financial information. Identity theft is the singular most common criminal occurrence and research has shown that individuals will be hacked at least once in their lives.    Banks are increasingly fielding complaints and lawsuits that hold them partially responsible for identity theft. The increasing sophistication of fraud has led to the need for more advanced security in Fintech applications and websites.   Traditionally, a numeric…

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Blox Survey Indicates Few Crypto Investors Accurately Disclose Assets to Tax Authorities

First in-depth looks at the crypto accounting industry shows major knowledge gaps in record keeping and reporting  Only 5% of CPAs believe clients are accurately disclosing digital assets and transactions 96% of surveyed CPAs felt official rules and guidelines were imminent    New York, NY – Blox.io, an industry-leading platform for crypto accounting, management and tracking, has released new research on the challenges faced by crypto holders and CPAs when accurately reporting to regulators.   The report, titled “The Crypto CPA Insights Report,” is one of the first in-depth looks…

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New Zealand legalizes salary payments in crypto

It was announced this week that New Zealand has become the first country ever to legalize salary payments in cryptocurrency.    This ruling was signed on June 27 by the Inland Revenue Department (IRD) agency’s Director of Public Rulings, Susan Price. It will be put into effect for three years from September 1, 2019. The ruling states that the digital currency begfdfdting paid must be pegged to at least one fiat currency, and must also be able to be converted directly into a standard form of payment.   The news…

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