Digital Euro Will ‘Protect’ Eurozone from Foreign Issuers, Says ECB Exec
An executive member at the European Central Bank says a digital euro could protect the Eurozone's monetary sovereignty from outside influence. Source
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Foreign
Vanguard’s Blockchain Platform for Foreign Exchange Will Go Live in Q3 2020
Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions. The Valley Forge, Pa.-based investment firm ran the pilot on Symbiont’s Assembly blockchain with participation from State Street, BNY Mellon and investment firm Franklin Templeton. Vanguard and Franklin Templeton acted
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Tax and KYC Issues Plague Upbit’s Foreign Withdrawals, Exchange Says
A Jinse report said that many Chinese Upbit users are finding it difficult to withdraw Korean Won ever since December. Upbit has announced to its foreign users the reasons their withdrawals are still restricted on Feb. 19 in an announcement. Upbit said in the announcement that (Know Your Customer) KYC
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Italy’s Securities Regulator Shuts Down 8 Crypto Trading and Foreign Exchange Sites
Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites. According to Finance Magnates’ Feb. 10 report, the Commissione Nazionale per le Società e la Borsa (CONSOB) has accused these 8 FX sites of violating the Mifid2 and the Consolidated Law on
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Germany’s BaFin Clarifies Licensing Process for Foreign Crypto Custodians
Germany’s Financial Supervisory Authority (BaFin) is clarifying how the country’s new cryptocurrency custody law will apply to firms that operate outside of Germany but still serve the German market.In its latest guidance released in January, the regulator said firms already custodying digital assets for Germans would not be penalized for
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