European Banking Authority (EBA) Urges the European Commission to Carry out Further Studies on Cryptos

The European Banking Authority (EBA)  has published the report of its assessment concerning the suitability and applicability of existing financial laws to cryptoassets. The body has made it clear that the European Union Commission needs to study the blockchain space extensively to enable it to formulate robust laws capable of […]

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Thailand’s Main Regulatory Authority Warns Investors About Risky ICOs

Thailand’s main regulatory authority, the Securities and Exchange Commission (SEC), released a warning to investors regarding what it describes as “renegade ICOs.” The warning details multiple popular ICO projects that are operating in the country without any licensing, supervision, or registration. The warning, which was first reported by the Bangkok […]

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UK Financial Authority Seek To Promote Blockchain Growth with Global Alliance

Collaboration between regulators and companies with regards to fintech innovations like blockchain technology is expected to improve after the UK Financial Conduct Authority (FCA) announced the launch of a new global initiative. The new alliance called Global Financial Innovation Network (GFIN) will work together with 11 financial authorities and related […]

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Swiss Banking Authority Warns that Bitcoin Is Impractical and an Environmental Disaster | BTCMANAGER

In its latest warning about the burgeoning cryptocurrency sector, the Bank of International Settlements (BIS) stated on June 17, 2018, that cryptocurrencies are not scalable and “are likely to face a breakdown in trust” as the number of people using digital currencies increases. Other concerns revolve around their inherently self-limiting […]

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