Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws

-
❏ Bottle Pay is shutting down, citing the EU's new AML rules, which could compel crypto wallet providers to collect KYC info from users starting next month. ❏ CoinDesk

Popular posts from this blog

Regulatory Clarity Should Lead to More Capital Investment in Crypto: Panel

-
Image
The Distributed Markets conference took place in Chicago on April 23, 2018, and featured an array of blockchain and financial experts working to shed light on opportunities and changes happening in the cryptocurrency space. Among the main goals of the conference was to educate attendees on how they could integrate blockchain technology into their businesses, thereby increasing cost-effectiveness and overall efficiency. A Blockchain Academy workshop and a hackathon were also available to give developers and entrepreneurs a chance to study blockchain macro cases and showcase their skills. In a panel moderated by Joseph Bradley, entitled “Crypto Regulation: Striking a Balance Between Compliance and Growth,” speakers Colleen Sullivan of CMT Digital; Illinois state regulator Sean T. O’Kelly; Haimera Workie, senior director of FINRA’s Office of Emerging Regulatory Issues; and Tennessee blockchain lawyer J. Gray Sasser of Frost Brown Todd addressed the topic of regulation. Perhaps the b...
Read more

Bermuda ‘sandbox’ welcomes blockchain and cryptocurrencies next

-
Bermuda is establishing itself as a blockchain-friendly territory. Blockchain companies can now add Bermuda to their top choices for setting up shop. Last month, the self-governing British overseas territory released a paper on their insurance regulatory sandbox and innovation hub, where insurance entities can test out their products and services in a controlled environment for a limited amount of time. And now, this sandbox is extending to blockchain companies. David Burt, the Premier of Bermuda has issued some very enticing statements for interested start-ups. “What I would l would like to look at is Bermuda—we have innovation hubs around the world. I look at my entire country as an innovation hub,” Burt said. “We are the ideal place for companies that are looking to test out new age products and services—to have them in a constrained environment to see how they can work and then they can scale them up to service the rest of the world. That’s where we’re positioning Bermuda,” he...
Read more

University of Basel becomes first Swiss university to issue blockchain-based diplomas

-
Start-up Proxeus is connecting blockchain technology with traditional companies. Last year, MIT issued 111 digital diplomas that were recorded on a blockchain in a pilot run conducted through an application called BlockCerts. This gives graduates easy access to their certificates as well as control over who gets to see them. And it looks like blockchain-based diplomas may very well turn into a norm as more are following in on the trend. Speeding up processes is also one of the biggest benefits of blockchain technology, and blockchain innovator Proxeus—with the help of its partners, is maximizing this value. The company partnered up with the University of Basel’s Center for Innovative Finance (CIF) in creating a prototype that would allow the institution to issue course certificates and register them on a blockchain. This drastically reduced the processing time for the documents, and has placed the University of Basel as the first in Switzerland to issue blockchain-based diplomas. ...
Read more