27th March 2018
Three main authorities overseeing financial regulation in the European Union have warned consumers from purchasing virtual currencies (VCs), saying they are ‘highly risky.’ The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA) and insurance and pensions (EIOPA) said cryptocurrencies are ‘unregulated products’ which are also ‘unsuitable as investment, savings… Read More
27th March 2018
Cyber-attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defences against the menace. “The risks connected with these attacks are growing in sync with the pace of global… Read More
25th March 2018
Britain announced a task force on Thursday to exploit the technology underpinning cryptoassets, such as bitcoin and other cryptocurrencies, as part of new plans to help fintech companies find more customers. British finance minister Philip Hammond said he was committed to helping fintech grow and flourish by taking a series… Read More
22nd March 2018
France plans to create a legal framework for raising funds via cryptocurrencies and aims to become a leading center for offerings in bitcoin-style digital currencies, its finance minister wrote on a news website. In an opinion piece on French website Numerama, Bruno Le Maire wrote that he had asked former… Read More
21st March 2018
Financial policymakers from the world’s top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage. Wild swings in the price of Bitcoin, the best known of a myriad of digital currencies issued by private… Read More
19th March 2018
Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister John Glen said on Monday. But there is no global consensus on action. A meeting of central bankers and finance ministers from the Group of 20 Economies in Argentina… Read More
15th March 2018
Google has moved to ban crypto-currency advertising from its platforms. The move will affect promotional campaigns for initial coin offerings, Bitcoin exchanges, digital wallets to store the assets and trading advice. A notice said the policy would be introduced in June but did not give an explanation why. The BBC… Read More
14th March 2018
Cryptocurrency exchange Coinbase said it has managed to open a bank account with Barclays Bank to process transactions for its customers, in what it says is a first for the crypto market. The development comes at a time when most major British banks are treading cautiously with servicing the… Read More
13th March 2018
Christine Lagarde has called for a crackdown on crypto-currencies, saying the technology can be used to “fight fire with fire”. The head of the International Monetary Fund says governments around the world could harness the technology to stop illegal activity. The anonymity of currencies such as Bitcoin means they are… Read More
8th March 2018
AP — The Senate debated a banking bill Thursday after GOP leaders added some further limits on regulators as well as consumer benefits to the legislation rolling back restraints on banks, as substantial support from Democrats helped edge the bill closer to passage. The legislation before the Senate would alter… Read More