Cryptocurrency Research Effort Announced By The UK Government

Announcements, Blockchain, News, Regulation | March 20, 2018 By:

John Glen, Britain’s junior finance minister, said that the UK government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin.

Speaking at the Innovate Finance conference in London, Glen said that in their upcoming FinTech strategy, the government will announce further work with the Financial Conduct Authority and the Bank of England to consider these issues in more detail.


Blockchain Trade Organization DATA Enters The Lobbying Fray

Blockchain, News, Regulation | March 19, 2018 By:

Several companies in the cryptocurrency and blockchain ecosystem have come together to establish the Digital Asset Trade Association (DATA), a global non-profit organization focused on lobbying on behalf of the industry within all levels of governments, corporations, and communities.

The first order of business is to kick-off a search for candidates to lead the trade organization as executive director.


Crypto Mining Firms In New York To Be Charged With Higher Power Prices

Announcements, FinTech, News, Regulation | March 19, 2018 By:

The New York State Public Service Commission (PSC) has ruled that upstate municipal power authorities can raise their electricity rates if cryptocurrency mining companies choose to use the state’s hydropower.

The ruling comes after the New York Municipal Power Agency (NYMPA) petitioned the PSC regarding concerns that high density load customers,


ICO Regulatory Framework To Be Introduced In France

News, Regulation | March 19, 2018 By:

The Autorité des marchés financiers (AMF), the French financial supervisory authority, is reportedly preparing a new regulatory framework with regard to initial coin offerings (ICO).

According to local news outlet Les Echos, the French Ministry for the Economy and Finance confirmed that the regulatory framework proposed by the AMF would recognize ICOs as a legitimate means of investment.


Crypto Investment Scheme Promoters Halted By US District Court

FinTech, News, Regulation, Uncategorized | March 19, 2018 By:

A US district court in Florida has frozen the assets of four individuals who allegedly promoted deceptive money-making schemes involving cryptocurrencies.

The Federal Trade Commission (FTC) said Friday that the federal court of Florida’s southern district has upheld the agency’s request for a temporary restraining order against Thomas Dluca,