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.
Government remains undecided on crypto: The UK government is still undecided on the right path towards cryptocurrency regulation in the country and much remains ambiguous to this day. The government previously formed a task force from professionals across the spectrum to come up with cryptocurrency regulations in the country but so far, none have been agreed upon, thus creating a legal conundrum for cryptocurrency investors and enthusiasts in the country.
Lawmakers from across the aisle are calling on the government to pass laws regarding cryptocurrency to quell this confusion but the government is still in understanding phase.
Stock market regulator bans 21 illicit crypto and fintech websites: The French Stock Market regulator Autorite des Marches Financiers (AMF) has banned 21 websites relating to the cryptocurrency and fintech space. While the authority has maintained a blacklist for a while now, the recent addition was more wide-ranging than ever.
The move comes after the AMF was given additional authority by the government to regulate cryptocurrency and fintech related content online. The reasons given for the latest online purge include “unauthorized operations and atypical investments”. AMF has also been given additional powers to review initial coin offerings being tabled in the country.
Football champions announces fan token: Juventus football club, the current champion of Italian Serie A football league has announced the creation of a fan token named Juventus Official Fan Token. The club plans to have an ICO as early as 2019 to engage fans from around the world.
The move follows similar moves by other football clubs to get into the business of cryptocurrencies with Paris Saint-Germain stealing the headlines a few weeks back for the first ever fan token sale. Juventus based in Turin, Italy has followed suit. The club has a 60-million fanbase around the world and has star-studded players in Cristiano Ronaldo in the squad.
Startup seeking bank license in Switzerland: A new Swiss startup based in Switzerland has raised over CHF 100 million (USD 103 million) and has filed for a banking license with the Swiss government and aims to offer both crypto and fiat services and bring two financial communities together.
SEBA Crypto AG is creating an environment for both fiat and cryptocurrency banking. While Switzerland itself is very progressive in cryptocurrency-related ventures, the concept still hasn’t been tried in the country. Other banks are moving in this direction and that is why SEBA Crypto AG is aiming to get in first.
Banks looking to remedy anti-crypto bias: The Banks Association of Switzerland (SBA) is working to curb efforts that are hampering the growth of cryptocurrency-related companies because of an anti-crypto bias in the banking circles.
The SBA has released new guidelines for create more cooperative environment for crypto-related sectors. The guidelines were released after the government intervened in the manner and asked the banks to soften their stance.
University of Nicosia focusing on blockchain technology: The University of Nicosia in the capital of Cyprus is focusing on the vital nature of blockchain technology, according to Nick Assimenos from the University of Nicosia, who met with Bitcoin News at Blockchain Live 2018.
The premier Cypriot university is working on providing education for implementation of blockchain technology in vital developmental areas including Artificial Intelligence (AI), Virtual and Augmented Reality (VR/AR) and forecasting. Assimenos believes that its focus will encourage more and more people to get into the blockchain space in the near future.
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