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.


Lithuania’s Central Bank Seeks Proposals To Develop Blockchain Platform “LBChain”

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

The Bank of Lithuania, the country’s central bank, is soliciting proposals from software developers interested in contributing to the development of LBChain, a regulatory sandbox platform for blockchain projects.

Announced in January of this year, the LBChain initiative is intended to help domestic and foreign firms gain knowledge and carry out blockchain-oriented research.


Excessive Regulation Could Constrain The Crypto Industry, Says EU Banking Authority Chair

News, Regulation | March 12, 2018 By:

Andrea Enria, the chief executive of the European Banking Authority (EBA), said that he has “yet to be convinced” that cryptocurrencies should come under the full scope of regulation.

Speaking at the Copenhagen Business School on Friday, Enria said that bringing FinTech firms under the same supervisory umbrella as banks just because they compete in some of the same sectors is not the right answer.