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North America: Crypto and Blockchain News Roundup, 11th to 17th May 2018

North America: Crypto and Blockchain News Roundup, 11th to 17th May 2018

North America Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. USA Crypto markets likely to surge with Wall Street interest: Crypto markets may be up for a boost amid interest from Wall Street according to BKCM digital asset former …


Europe: Crypto and Blockchain News Roundup, 11th to 17th May 2018

Europe: Crypto and Blockchain News Roundup, 11th to 17th May 2018

Europe Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. European Union Companies folding after GDPR legislation in EU Parliament: The latest GDPR regulations passed by the EU Parliament are taking their toll on the blockchain space with several …


Asia and Australia: Crypto and Blockchain News Roundup, 11th to 17th May 2018

Asia and Australia: Crypto and Blockchain News Roundup, 11th to 17th May 2018

Asia and Australia Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Japan Regulator shows sharp increase in crypto-related inquiries in Q1 2018: Japan’s top financial authority Financial Services Agency (FSA) has disclosed latest numbers on cryptocurrency trading in the …


Africa and the Middle East: Crypto and Blockchain News Roundup, 11th to 17th May 2018

Africa and the Middle East: Crypto and Blockchain News Roundup, 11th to 17th May 2018

Africa and the Middle East Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. South Africa 47% of South Africans plan to invest in crypto: South Africa is seen as one of the most progressive countries in the continent …


South America: Crypto and Blockchain News Roundup, 11th to 17th May 2018

South America: Crypto and Blockchain News Roundup, 11th to 17th May 2018

South America Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Venezuela Russian bank helps Venezuela defy US cryptocurrency sanctions: Venezuela’s controversial state cryptocurrency Petro took a significant boost in recent week as reports from Russian and Venezuela suggested that …


Crypto Exchange Bitfinex Demands User Tax Information

Crypto Exchange Bitfinex Demands User Tax Information

Prominent cryptocurrency exchange platform Bitfinex has given users until 24 May to confirm their tax status in order to continue using the platform’s services. BVI legal requirements According to a message account holders found when they logged into their Bitfinex accounts, as a company operating in the British Virgin Island (BVI), local laws now require that the tax information is …


7 Banks Join Infosys Blockchain Trade Finance Solution

7 Banks Join Infosys Blockchain Trade Finance Solution

Multinational technology service and consultancy corporation Infosys, has created a blockchain-based finance solution utilizing a document tracking system. The platform is currently used by seven banks in India. This includes Axis Bank, ICICI Bank, IndusInd BankNSE, Kotak Mahindra Bank, RBL Bank, South Indian Bank and Yes Bank. India Trade Connect As reported by the Economic Times, the solution has been entitled India Trade …


Educational Hoax ICO Site Launched by US Government

Educational Hoax ICO Site Launched by US Government

The US Securities and Exchange Commission (SEC) has produced a website advertising a scam initial coin offering (ICO), in an effort to educate the populace on how to identify such fraudulent websites. In a Wednesday press release, SEC Chairman Jay Clayton discussed the intent behind the initiative. While acknowledging the rapid growth in the number of ICOs, he explained a …


New KYC Regulations in EU Validate Crypto Trading

New KYC Regulations in EU Validate Crypto Trading

In an effort to prevent financial transgressions, the European Union now requires cryptocurrency exchanges to apply know-your-customer (KYC) policies, similar to that required by traditional banks in a move beneficial to the legitimacy of cryptocurrency trading. Crypto crime prevention The anonymity surrounding cryptocurrency trading is viewed by many as an enabler of fraudulent activities, money laundering, and terrorist financing. As reported by Reuters, increasing the …


Digital US Dollar Launched by Goldman Sachs-Backed Startup

Digital US Dollar Launched by Goldman Sachs-Backed Startup

A new cryptocurrency by fintech startup Circle, a company backed by Wall Street giant Goldman Sachs, is aiming to be a digital version of the US dollar, writes the Independent. Circle has announced that the new USD Coin will be free from volatility issues due to it being pegged to US dollar, offering it a stable value in order for …


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