EU Finance Ministers in no rush to further regulate Crypto Market

European Finance Ministers confirmed that they will not rush to further regulate the crypto market in the EU. Having met in Vienna on Saturday, EU Finance Ministers revealed they plan to wait for the outcome of a thorough analysis by European authorities before deciding on next steps, and believe crypto assets don’t currently threaten the financial system — a revelation that comes ten years after the collapse of Lehman Brothers on 15th September 2008 and the unfolding of the global financial crisis.     Addressing how the EU has previously…

Read More

OKEx Joins SharesPost’s Global Security Token Network

  GLASS will drive OKEx’s global expansion with compliant access to the US market   Hong Kong,  OKEx is accelerating its global expansion by joining GLASS, the Global Liquidity And Settlement System developed by SharesPost. When GLASS becomes operational, OKEx will have both compliant access to investors in the U.S. and other crypto trading markets and the ability to pool liquidity with other GLASS exchanges on a trading pair by trading pair basis.     We are excited to see GLASS gaining broad acceptance in the crypto exchange community,” said Jason…

Read More

Cryptocurrencies could become mainstream payment solution within next decade finds new report

  New research from Imperial College London and eToro argues cryptocurrencies are already fulfilling one of three main criteria of money   Cryptocurrencies like Bitcoin offer a viable evolutionary ‘next step’ for money and have the potential to become a mainstream form of payment within the next decade. This is the central finding of new academic research from Imperial and eToro.   In a research report published today – Cryptocurrencies: Overcoming Barriers to Trust and Adoption – Professor William Knottenbelt from Imperial College London and Dr. Zeynep Gurguc from Imperial…

Read More

Bermuda’s Virtual Currency Business Act passes through the House of Commons, UK

Late last Friday, April 27th, Bermuda’s Virtual Currency Business Act passed through the House of Commons in the United Kingdom. This week, the bill will go through the Senate and should the bill pass, it will be the most comprehensive regulation of its kind, covering the issuing, selling or redeeming tokens and cryptocurrencies, ICOs, crypto exchanges, crypto wallets and other crypto service vendors.     Joseph Weinberg, OECD Think Tank Special advisor and Chairman of Shyft, a blockchain KYC/AML solution, and Loretta Joseph, OECD Think Tank Leader, Shyft advisor and…

Read More