Tag: Approved

Barely Any Hong Kong Crypto Funds Being Approved for Licenses

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One year after launching a trailblazing licensing scheme for cryptocurrency fund managers, Hong Kong’s securities regulator has issued few and far between.  According to a Reuters report on Nov. 5, the licenses introduced by Hong Kong’s Securities and Futures Commission (SFC) in October 2018 have apparently led to few approvals, with reporters succeeding to independently identify just one licensee. Crypto funds said to lack experience and support While confirming the numbers remains difficult in light of the SFC’s policy of discretion — it declined Reuters’ request for comment and does…

Swiss Crypto Bank Gets Approved for Singapore Banking License

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Swiss-based cryptocurrency bank Sygnum has received the go-ahead to offer banking services in Singapore. Sygnum: license is “important milestone” In a blog post on Oct. 31, Sygnum, which gained a Swiss banking license in August this year, can now proceed with its first product for the Singapore market. Sygnum was the first Swiss company to win the title of cryptocurrency bank and will target accredited investors and institutions with a multi-manager fund, which will also debut in its home jurisdiction. Long on the cards, the Singapore documentation comes in the…

LedgerX Launches a Physical Bitcoin Futures Platform, CFTC Says It’s Not Approved

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Just recently, LedgerX came out saying that they have launched the first physically settled Bitcoin Futures trading platform. However, CFTC later commented that LedgerX hasn’t yet been approved by the commission. In recent news, LedgerX came out with a special announcement, out of nowhere, saying that they have launched the first physically-settled Bitcoin Futures trading platform. The company told that now customers are able to trade Bitcoin by just passing simple KYC guidelines. When referring to institutional customers, the company’s CEO Paul Chou explained that these million-asset holders can use…

Ledgerx Approved to Offer Regulated Bitcoin Derivatives to Retail Investors

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The U.S. Commodity Futures Trading Commission has approved Ledgerx to offer physically-settled bitcoin spot and derivatives trading, previously available only to institutional investors, to retail investors of any size. Ledgerx explained that its new platform will share the same order book as the current institutional offering so plenty of liquidity is expected from day one. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms New License From CFTC The Commodity Futures Trading Commission (CFTC) announced Tuesday that it has approved the application of Ledgerx as a Designated Contract Market (DCM),…

Funding for ProgPoW 3rd-Party Audit Approved

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Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core developer meeting held on April 26. During the call, it was specified that the targeted funding amount of 50,000 units of decentralized, Ethereum-based USD-pegged stablecoin DAI had been reached. The funds were reportedly crowd-sourced through donations. Jameson noted that the audit is set to begin “this week or next week hopefully.” ASIC refers to mining…

Funding Approved for Audit of Ethereum’s ProgPoW Mining Proposal

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Ethereum developers announced today that funding has been approved to audit the hotly-contested code change known as Progressive Proof-of-Work or ProgPoW. Since February, developers have been gathering the funds necessary to back a third-party audit of the ProgPoW code. Today, during a weekly meeting, it was announced that the targeted amount of 50,000 DAI (equivalent to roughly $50,000) has been fully met through crowd-sourced donations on open-source bounty platform Gitcoin, as well as other unnamed sources from the community. The aim of this audit, as stated by Ethereum Foundation community…

New Partnership Purports to Create First Approved Crypto Exchange in Vietnam

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Vietnam’s largest distribution company Linh Thanh Group has signed a memorandum of understanding (MOU) with Swiss blockchain company KRONN Ventures AG to establish a cryptocurrency exchange, according to a press release published on March 22. The collaboration is designed to facilitate the production of digital currency and the creation of a cryptocurrency exchange in Vietnam, to which the companies have supposedly received an appropriate license. According to the press release, the new exchange will be the first authorized crypto exchange to operate in Vietnam. The establishment of an authorized cryptocurrency…

A Bitcoin ETF Will Eventually Be Approved. SEC Commissioner Says

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Despite previous failed attempts by important players at registering a Bitcoin ETF, eventually, one will meet the security standards required by the SEC for approval. So said Robert Jackson, the only Democrat commissioner in the SEC. In an interview shared on Twitter by Adjunct Professor at NYU Stern Drew Hinkes, Mr. Jackson was sure that in the near future there will be a Bitcoin ETF, but he stressed that until now all applications have failed to prove to the SEC that a Bitcoin ETF cannot be manipulated. “Eventually, do I…

Thailand Opens Doors to Crypto, First Four Exchanges Approved by SEC

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Divisions are forming across Asia with regards to cryptocurrencies. Some nations such as China are constantly stomping on anything to do with crypto assets but others, Thailand being the latest, are opening their digital doors to the fledgling industry. Thai SEC Approves Crypto Exchanges Thailand started out with a heavy handed approach to cryptocurrencies proposing crippling taxes on trading and profiting from them. This would have no doubt spelled the end of the industry in the Kingdom before it even began. Backpedalling, Thailand’s ruling junta, which has proved over its…