On 13 June, the United States Securities and Exchange Commission (SEC) will host an Investor Conference in Atlanta, where the securities classification of tokens and initial coin offerings (ICOs) is among topics expected to be discussed. The event at Georgia State University, Atlanta will have all five SEC commissioners in attendance. After a town hall event, attendants can meet members of …
In a bid to spread financial inclusion to a largely unbanked population, the Union Bank of the Philippines (UnionBank) is piloting real-time retail payments on the Ethereum blockchain with five rural banks in Mindanao, the second largest island in the country. Connecting the unbanked According to local news outlet Philippine News Agency (PNA), the payment system developed by US-based startup …
South Korea’s National Assembly has made official proposals to allow for domestic initial coin offerings (ICOs) to be legalized, roughly eight months after the country banned all ICOs in September 2017. South Korea has proven itself it be a fertile land for blockchain and cryptocurrency adoption; it is home to some of the largest exchanges in the world as well …
The Financial Times reported that the UK’s Financial Conduct Authority (FCA) has launched an inquiry into 24 “unauthorized” businesses that are involved with cryptocurrencies; additionally, they are investigating several related whistleblower reports. Through a freedom of information request made by accountancy and consulting firm, Moore Stevens, the FCA has revealed that it is attempting to determine whether the businesses in …
South Korea’s largest exchange Bithumb will no longer be accepting new users and removing existing ones from 11 countries presently under investigation by the Non-Cooperative Countries and Territories (NCCT) Initiative. Countries included on the NCCT list are North Korea, Iran, Iraq and Sri Lanka. This was announced by Bithumb on 27 May and reported by local news outlet Yonhap News on 28 May. …
The Central Bank of South Africa prefers to name cryptocurrencies as “cyber-tokens,” despite having no stated regulations or policies in place for cryptocurrencies. As reported by Bloomberg, May 24th, Francois Groepe, South African Reserve Bank (SARB) Deputy Governor said in Pretoria “We don’t use the term ‘cryptocurrency’ because it doesn’t meet the requirements of money in the economic sense of …
