Bitcoin, Crypto currency, Blockchain

Regulatory-ECHO KW32 – International cooperation and Innovation

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In the past week a lot of is around the globe time and again in terms of regulatory events. In our regulatory response we look back at the week end and summarize what was thought about when, where, and by whom said, or decided.

Japan: crypto-Exchanges as forms of self-regulatory group

Some of the Japanese crypto-exchanges have officially requested to form an Organisation for self-regulation. The proposal you submitted is now in the case of the Financial Services Agency (FSA) in the country. The Japan Virtual Exchange Association (JVCEA), which was founded in March of 16 crypto-exchanges, is applying to become a “certified Fund settlement business Association”. This would enable the JVCEA, self-regulating rules for the crypto-market.

Thailand: banks allowed subsidiaries for the crypto-trade reasons

Thai banks can now offer spend over subsidiaries digital Token, crypto-Brokerage services, crypto-operate, and in crypto-currencies to invest. This had the Bank of Thailand, the Central Bank of the country, according to a report in the newspaper Blognone 1. August allowed. On direct way of trading with and Investing in crypto-currencies for the banks, however, remain prohibited.

South Korea: Only 2 percent of the population want to invest in Kryptowährugnen

The South Korean financial holding KB Financial Group Inc. has published a report on crypto investments in the year 2018. According to the representative survey, 74.8 percent of the respondents stated not to invest in crypto-currencies. 23 percent said that the investments of the Situation are dependent and only about two per cent would invest in the future in crypto-currencies.

USA: Congress member revealed crypto-owned

The member of Congress and the Chairman of the legal Committee, Bob Goodlatte, has put his crypto-stocks open. He subsequently released a Memo urging all members, officers and employees of the house of representatives to post your the possession of crypto-currencies. According to his report, Goodlatte has about 80,000 US Dollar in Bitcoin, Bitcoin, Cash, and Ethereum.

Ukraine: Test-elections to the NEM Blockchain

As NEM Ukraine on his Facebook page recently announced that it will Oleksandr Stelmakh, head of the state register of the Central election Commission of the Ukraine to save the data of the presidential elections on the Blockchain. First, we want to take a test. In the case of a successful execution of the Tests, the Blockchain could find the technology in other areas of local and national elections application.

International: regulator forms a global Sandbox

The Financial Conduct Authority (FCA), the Kingdom of Fiannzmarktregulierer of the United Kingdom, has announced this week the creation of the Global Financial Innovation Network (GFIN). In cooperation with eleven financial supervision authorities and related organizations a “global Sandbox” is to be created. Among its members are the financial market regulators from the canadian Quebeq, as well as Australia, Hong Kong, Singapore, Abu Dhabi, Dubai and the USA.

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