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EU Commission, IBM, Dfinity, others’ representatives to speak at Crypto Valley Conference 2019

The Crypto Valley Association announced in a press release CoinReport received from Wachsman, the association’s PR agency, that representatives from Dfinity, IBM, EU Commission, University College London, ConsenSys and LiquidityNetwork will join speakers from Swiss National Bank, R3, the World Trade... The post EU Commission, IBM, Dfinity, others’ representatives to speak at Crypto Valley Conference 2019 appeared first on CoinReport.
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France Tells EU: Adopt Our Cryptocurrency Laws Across Europe

France wants the European Union (EU) to adopt its recently enacted cryptocurrency regulations for the entire region. French Finance Minister: Ours is the Right Way France’s Finance Minister Bruno Le Maire says the EU should consider adopting the country’s approach to regulating cryptocurrencies. Speaking at the ongoing Paris Blockchain Week Summit on Monday (April 15, 2019), Le Maire, opined: I will propose to my European partners that we set up a single regulatory framework on crypto-assets inspired by the French experience. Our model is the right one. Le Maire’s comments continue to indicate his change of stance regarding cryptocurrency and blockchain technology. Since 2018, the country has been pushing for the enactment of cryptocurrency regulations. Earlier in April 2019, the parliament in France passed into law, a set of rules for the country’s cryptocurrency scene. The regulations mainly covered licensure and tax regulations. Based on the new regulatory framework virtual currency brokers and token issuers can apply to the country’s market regulator for operating licenses. Also, everyone involved in the industry, from issuers to custodians, and even traders and investors will have to pay taxes on profits made from dealing cryptocurrencies. For France, one primary objective of the new regulatory paradigm is to identify industry participants. Apart from know-your-customer (KYC) protocols, French regulators also want to verify the identity of token issuers and crypto brokers as a way of combating money laundering and eliminating fraudulent companies. The European Commission has consistently called for a unified regulatory paradigm across the bloc. However, not much progress has been made on that front. Many stakeholders within the EU have also identified the need for a unified cryptocurrency regulatory code for the region. Such a move they say eliminates the patchwork of virtual currency laws that could potentially create regulatory arbitrage within the EU member states. Calls for Streamlined Digital Laws in the EU Le Maire’s call comes at a time when Margrethe Vestager, the EU Competitions Commissioner is also trying to nudge the EU into moving forward with creating a regulatory framework for digital tax. Earlier in April, Vestager declared that the EU need not to wait for a global consensus before implementing its own digital tax regime. Vestager, the ex-Danish economy minister, also known for being tough on Silicon Valley companies operating in Europe says tech giants like Google, Amazon, Facebook, and Apple (“GAFA”) should pay their fair share of taxes in Europe. It remains to be seen whether Vestager’s digital tax proposal will extend to cryptocurrency companies. Do you think the EU should adopt the French cryptocurrency regulations? Let us know your thoughts in the comments below. Images via Twitter (@infobancaire), Shutterstock The post France Tells EU: Adopt Our Cryptocurrency Laws Across Europe appeared first on Bitcoinist.com.
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IMF, WorldBank and EU Commission Involvement with Ripple are on Pace to Make XRP Unstoppable

Ripple and the digital asset XRP would be unstoppable with the recent support received by the International Monetary Fund (IMF), the World Bank (WB) and the European Commission (EC). Ripple aims at changing the way in which cross-border payments are processed. Ripple’s Expansion Could Be Unstoppable Although 2018 was a very hard year for virtual […]
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France’s Crypto Regulations: Finance Minister Wants Whole EU Adoption

This week, some are focusing on the recent fire that broke out in Notre-Dame cathedral, while others are looking at Bruno Le Maire, the French Finance Minister. According to Le Maire, EU member states should implement the same crypto regulations the French parliament approved last week. Here’s what we know. French Crypto Regulations are Key, According to Le Maire Last week, France’s parliament approved a law called the Pacte (Action Plan for Business Change) law, which pertains to cryptocurrencies. The law also deals with other business plans. According to Reuters, the new law will ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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French Finance Minister to Propose Uniform Crypto Regulation to EU Partners

France looks determined to push for regulation of cryptocurrencies in Europe as its Finance Minister, Bruno Le Maire said on April 15, 2019, that he will urge his European Union partners to set up a uniform crypto regulatory infrastructure, Reuters reports. Adopting the French Experience France has quickly established itself as one of the mostRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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EU Regulators Argue For New Digital Asset Framework

European regulators have spoken out for a more uniform digital asset framework, to govern cryptocurrency rules and make the EU more attractive to blockchain businesses. In a panel discussion at Paris Blockchain Week Summit (PBWS), two representatives from the European Commission, as well as a senior officer at ESMA (European Securities and Markets Authority), suggested that a legal framework designed specifically for cryptocurrencies would help make Europe an attractive and safe destination for business. Gundars Ostrovskis, senior economist at the Commission, said that a new legal solution could pave the way for the tokenization of existing financial instruments, such as equity. A dedicated framework could provide greater clarity for businesses, he said, as well as more flexibility for tokens. “The existing framework was not designed with cryptocurrencies in mind,” explained Ostrovskis.“We have to make sure that the regulatory framework is entirely fit for purpose.” European Regulators Face Coordination Problems Although some member states, notably Malta, have already pressed ahead with regulation, there is currently no dedicated cryptocurrency framework at an EU-level. Pan-European directives like MiFID II – the broad legal definition for a security – can be applied differently, depending on how a national regulator interprets them. Patrick Armstrong, a senior officer at ESMA, pointed out that this ambiguity means that the legal status of digital assets to vary from state to state.“There are different opinions on what a financial instrument is,” he said. “Tokens have translated differently into national law.” Creating a singular regulatory framework would require the consensus of all member states. As regulatory opinions vary wildly on the issue, Europe could be overtaken by smaller jurisdictions like Japan and South Korea, who can draw up new legislation relatively quickly. Are New Regulations On Their Way? That said, the creation of a single regulatory body for the EU may already be underway. The French Parliament passed a bill last week which officially recognized cryptocurrencies as a legitimate asset class. Under the new legislation, blockchain businesses can apply for certification to operate legally within the country. Profits are taxable, but businesses and end-users are protected by the AMF, France’s chief financial regulator. French Finance Minister Bruno Le Maire has since urged other member states to adopt the bill and help create cohesion across the union. “I will propose to my European partners that we set up a single regulatory framework on crypto-assets inspired by the French experience,” he said, as reported by Reuters. “Our model is the right one.” It may be too early to know what an EU-wide digital asset framework may look like, but attitudes towards cryptocurrencies are gradually changing. Peteris Zilgavis, head of the Commission’s blockchain unit, told the PBWS audience that “digital assets are good for Europe.” Zilgavis explained that by being proactive, regulators could create a space for the union’s businesses and 500M inhabitants to make the most of the new technology. The creation of legal principles will provide much-needed leadership. “This is how we make Europe the best place for digital assets,” Zilgavis said. The post EU Regulators Argue For New Digital Asset Framework appeared first on Crypto Briefing.
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DIGEST

It's not always all about the price

Twitter users turned a blind eye to the daily jumps of the rates and are trying to keep busy with other cases: reading Vitalik Buterin versus Coindesk, speculating whether Bitcoin will remain at all — this and much more in our weekly twitter-digest.

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DIGEST

Meh: Yet No Hidden Reason For Fluctuations Here

Turkish stock exchange applies blockchain, Belgium offers ICO regulation, new deadline for Visa crypto cards issue, Greek's big plans for BTC-ATMs, an opinion of representative from the Royal Bank of Canada on Goldman Sachs's policy, and Kraken's assurances on its stability

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DIGEST

Is the era of mining hardware coming to an end?

Mining hardware demand declines, SEC monitors crypto market, Japan is against money-laundering, Coinbase launches Coinbase Custody, European banks tested cross-border trade via blockchain, Boomstarter launches blockchain crowdfunding, Bermuda widens banks specialization

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DIGEST

It's time for farmers to grow crypto in their gardens

Fujitsu launches a tokenized rewards system, Japan rejects crypto exchange, Vietnam bans mining, Binance announced AMA, Russian farmers switch to crypto, China will digitize paper checks, ORCA allows instant cash outs, Technological partnership, the US and EU exchanges fail, South Africa implements PoC

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BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The cryptomarket is going through some good times, recovering from the sharp fall it had during 2018. The recovery of the global marketcap, and the high number of developments around cryptos and blockchain technologies has led many analysts to claim that we are close to witnessing not only a stabilization of the markets but also a bullish trend in the short term. Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments. BTC is Having a Great Week BTC has experienced a significant price increase. After a period of constant “Bart Simpsons”, it finally seems that the most important cryptocurrency in the world broke the 5k resistance. This marks an a crucial milestone as it is a a value that could not be reached for months. However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token. BTC. 30 minute candles. After the big green candle, 5580 has become a new support Bitcoin (BTC) 1day candles. courtesy Tradingview Cardano (ADA) Also Shows Some Positive Signs Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token. One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region. According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city. Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile. The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.
Ethereum World News

USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

April 23rd, 2019, Frankfurt, Germany – USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology. It targets crypto holders, allowing individuals to send and receive funds quickly and fee-free. It also covers the needs of an unbanked audience, and those who don’t want to pay commissions within traditional money transfer mobile apps. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on the BitShares protocol and allows 100,000 transactions per second. USDX and LHT Tokenomics The payment system has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT. The total supply of LHT is 1 billion coins. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. Recent Developments USDX Wallet has not held any private sales or presales, as it has received a sufficiently large venture investment. Future profits of the project will come from business account fees. From December 2018 to January 2019, there was an airdrop that attracted tens of thousands of participants. At the moment, USDX Wallet has surpassed 50,000 verified accounts. For the last several months the team behind the app have been implementing integration with crypto exchanges. The first platform to list LHT will be ExMarkets exchange, with two more exchanges to come. On Exmarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). About Exmarkets ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad. Recently, ExMarkets was granted two operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of the few certified players in the market. Also, ExMarkets supports EUR (SEPA transfers) deposits to the cryptocurrency exchange and is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity. It takes only a few minutes to set up an account; users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, and tokens. ________________________________ For more information on USDX Wallet, visit https://usdx.cash. The free USDX Wallet app is available on Google Play and the App Store. Follow USDX Wallet on Medium, Twitter, Facebook and Telegram. ExMarkets platform https://www.exmarkets.com/. Media Contact Details Contact Name: Maria Lobanova Contact Email: mlobanova@usdx.cash Partnership Request Details Contact Email: partners@usdx.cash USDX Wallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all. Disclosure: This is a sponsored press release. The post USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets appeared first on NullTX.
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