In the latest news about regulation, the minister for finance in Switzerland, Ueli Maurer, recently visited Israel along with the State Secretary for International Financial Matters, Joerg Gasser – to discuss about potential partnership between the two countries.
In a nutshell, the minister’s goal is to gain bank access to Israeli markets and allow Swiss banks to trade there. As Reuters reported, the two nations are now officially in an agreement to collaborate on financial technology, cryptocurrency and blockchain regulation following the discussions in Israel.
Meanwhile, Gasser confirmed the rumors that he was preparing a set of blockchain regulation methods and factors. As he said, this set of regulation methods will be live by the end of the year – with a goal for the parliament to approve them in 2019.
With this, Switzerland again confirmed its positive stance towards cryptocurrencies – especially towards startups and researchers who are willing to get blockchain-friendly regulation. The country is also a home to Zug, which is a small Alpine town that has turned into a blockchain hub, referred to as Crypto Valley in a nod to California’s Silicon Valley tech hub.
However, organizations in Switzerland still have difficulties in opening bank accounts over the central bank concerns regarding the opaque nature of crypto-crowdfunding. Israel, on the other hand, is also looking forward to a new change. As the Prime Minister Benjamin Netanyahu last year added:
“Is the fate of banks that they will eventually disappear? Yes. The answer is Yes. Does it need to happen tomorrow? And do we need to do it through Bitcoin? That’s a question mark.”
Facebook Is Looking For Senior Lawyer With Blockchain (Payments) Experience
“You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally.”It continues:
“You will also advise clients on the various legal risks, business strategies and other issues related to commercial transactions and general operations.”With this, Facebook attracted a lot of attention in the media. After the reports on New York Times last month which hinted on the company seeking support for its potential future token dubbed "Facebook Coin" - this only extends the rumors to new possibilities. The token, which some sources say that may appear within the first half of this year, would act as a cross platform initiative for payments - and may also involve Instagram and WhatsApp - as the two major businesses owned by Facebook. Before this, one report showed that the social media giant (Facebook) had bought a blockchain startup and with that made its first move in the blockchain space. The report was talking about Chainspace, a startup based in the UK, which focuses on blockchain scalability solutions. At the time, one Facebook representative noted that they have hired many Chainspace researchers but hadn't gotten a hold of Chainspace's tech. There are a lot of analyses about Facebook's current plans involving crypto and blockchain - as well as a lot of accents on how the dominant social media network could improve these spaces. For now, however, everything is just a rumor but this recent job vacancy ad has proven that things are looking more serious for both Facebook and its plans in the blockchain/crypto space.
Kraken Acquires UK Futures Provider And Crypto Exchange Crypto Facilities
“We are excited to introduce eligible clients to these industry leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings.”The decision comes after crypto exchanges are trying to expand abroad and expand their reach to users and at the same time circumventing the restrictions by the regulatory climate in the United States versus other markets. For example, crypto exchange Bittrex also decided to launch an international branch of its trading platform that will divide the US users so it can be able to offer more tokens to all of the non-US users. This is why both of the companies (Kraken and Crypto Facilities) agreed on the partnership and focus on going forward. According to the press release:
“Crypto Facilities will remain London-based, benefiting from the regulatory oversight of the Financial Conduct Authority, one of the world’s most forward looking and innovation-focused regulators, and reflecting Kraken’s commitment to the UK as the leading financial and cryptocurrency hub in Europe.’’
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Criminals Are Threatening Business Owners In Amsterdam Demanding 50,000 Euros Worth Of Bitcoin
“You probably noticed how many entrepreneurs have had to close their doors recently by order of the municipality. To prevent you from being the next one, you must immediately take action.’’In order to pay the extortion fee, the business owners are instructed to open a new account on two crypto exchanges and them being Coinbase and Coinmama. Next up they have to buy bitcoins on either one of the exchanges and then transfer them to a required address. At least three coffee shops have already received a threat like this in Amsterdam and also a few nightclubs. The criminals even said that the extortion fee will be doubled if the owners don’t make the payment in five days. The email recipients must keep the threat confidential and they are warned for informing the police or any other law enforcement body. If they don’t maintain the confidentiality, the extortion fee will reach a stunning 200,000 euros. However, there is no single business registered to have paid the said amount.
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