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Ethereum Upgrade Date, Richest Bitcoin Address, Malta Crypto Plan & Bitcoin Dominance Movement

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Malta’s MFSA Published Three-Year Strategic Plan, Prioritizes Blockchain and Crypto

Malta, a European country, published its three-year strategic plan through the Malta Financial Services Authority (MFSA) to cover the period from 2019 to 2021. In the report, the country’s watchdog explains its supervising priorities and critical areas to focus on the mentioned timeframe. To the surprise of no one, the MFSA will be making the supervision of cryptocurrencies a priority for the next three years. Malta has quietly become a blockchain and crypto hub, hosting related projects and being generally friendly to the adoption of new, innovative technologies. The Fight Against Financial Crime Fighting financial crime is one of the regulator’s top priorities, as well. It is also focused on its combat against money laundering and the financing of terrorism and related activities. In the report, the MFSA observed that there would be active monitoring business-related risks regarding the licensing of digital assets and crypto platforms. The report stated that while the nation has been open to bringing blockchain and cryptocurrencies into its regulations, it should be noted that those innovations present continuous challenges when it comes to preventing money laundering and terrorism financing. The text also points out the need for modernizing regulatory approaches to be prepared and always a step ahead of any developments that can affect the industry and its rules. The MFSA will continue to work alongside the FIAU and other authorities at a local and international scale, including the Malta Digital Innovation Authority (MDIA). The financial regulator is open to relying on technology to supervise the industry in the country, and that will be a handy resource that the authorities are going to rely on. The MFSA details that it expects other companies in the field to take a similar, pro-technology approach for compliance reasons. RegTech and SupTech The MFSA hopes that most companies involved in blockchain, crypto trading, and other related services implement RegTech, a resource that includes artificial intelligence (AI) and automation. The watchdog firmly believes that RegTech will become widespread in the not so distant future. The report explained that the MFSA intends to use the RegTech to monitor and manage business risks that come in the equation when dealing with licensing digital assets and crypto platforms. The regulator has invested in the tool and is also in the process of including SupTech intelligence resources, as well. The goal is, according to the MFSA strategic plan, to improve the institution’s ability to spot fraudulent activity, prevent money laundering and the financing of terrorism to protect clients, investors, and shareholders. To that end, the SupTech intelligence tools will offer the watchdog oversight resources to automate the regulatory processes and audit the risk management of the digital assets business that are licensed in the nation. The post Malta’s MFSA Published Three-Year Strategic Plan, Prioritizes Blockchain and Crypto appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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Malta AI & Blockchain Summit partners with BitAngels Investor Network

Eman Pulis accepts City Leader position for Manila, while Oliver De Bono becomes City Leader in Malta. SiGMA Group, the events company behind the AI & Blockchain Summits in both Manila and Malta, has partnered with BitAngels, a digital currency investor network to expand the blockchain investment ecosystem in both cities. Through this partnership, founder and CEO Eman Pulis becomes a BitAngels City Leader for the soon-to-be-launched BitAngels Manila Chapter, while Oliver De Bono takes on the role of City Leader for the forthcoming BitAngels Malta chapter. As part of the partnership, SiGMA Group will also host exclusive BitAngels networking events in conjunction with the AI & Blockchain Summit events, taking place in Malta this November and in Manila, Philippines, in June 2020. BitAngels is a thriving community of skilled blockchain investors, entrepreneurs, and professionals with local events hosted in major cities to promote growth and connectivity in the blockchain industry through in-person and online collaboration.  The BitAngels network aims to accelerate blockchain adoption globally by connecting entrepreneurs, investors, and the wider community through exclusive networking events. Founders are invited to pitch their projects to investors, and investors get an inside look at some of the most exciting up-and-coming blockchain ventures.  “With Eman’s extensive business relationships in Malta, ‘the Blockchain Island’, and in Manila, Philippines,  he makes the ideal City Leader to broker new blockchain partnerships and introductions across the BitAngels network,” said Michael Terpin, co-founder of BitAngels. “We look forward to growing the BitAngels network and facilitating cryptocurrency investment opportunities in Malta and Manila.” “BitAngels will be instrumental in bringing together the very best that the blockchain sector has to offer,” said Eman Pulis, founder and CEO of Manila AI & Blockchain Summit. “Combined with SiGMA Group’s mission to bridge the blockchain sectors from East and West, we expect to supercharge the development of blockchain technologies for the good of the world.” To book tickets for November’s Malta AI & Blockchain Summit, click here.    BitAngels Malta and Manila launch events will be posted on BitAngels.io in the coming weeks.  About Malta AI & Blockchain Summit: Malta AI & Blockchain Summit is a bi-annual expo covering topics relating to the global sectors for blockchain, AI, Big Data, IoT, and Quantum technologies.  The event includes conferences hosted by globally renowned speakers, workshops for industry learning and discussion, an exhibit space accommodating more than 400 brands and much more. The first Malta Blockchain Summit took place in November 2018 at the Intercontinental Hotel in St Julians, Malta, attracting 8,500 attendees from over 80 countries worldwide, with 300 sponsors and exhibitors, 200 speakers, and 1 AI VIP (Sophia the world’s first robot citizen). With strong support from the Maltese government, the event has quickly established itself as one of the world’s leading destinations for the growing sectors of AI, Blockchain and DLT, IoT, and other vertical industries. At the 2018 event the Maltese government introduced 3 new bills to support the growth of the sector and promoting Malta as the “Blockchain Island”. About BitAngels  BitAngels is an investor network for the blockchain industry. BitAngels launched in 2013 as the world’s first angel network for digital currency startups. Each BitAngels event features networking and short pitches by startup founders to an audience of investors, business leaders, and the local blockchain community. These events provide investors the unique chance to learn about new cryptocurrency investment opportunities in person. The post Malta AI & Blockchain Summit partners with BitAngels Investor Network appeared first on Bitcoin Garden.
Bitcoin Garden

Malta’s Financial Services Authority highlights watchdog’s plan to actively monitor crypto-related businesses

The Malta Financial Services Authority [MFSA] is all set to monitor and manage business-related risks concerning all licensed virtual assets and cryptocurrency businesses, with the primary focus on fighting activities like financial crimes, money laundering, and terrorism financing. The MFSA intends to maintain the stability of the industry and the country at large by taking […] The post Malta’s Financial Services Authority highlights watchdog’s plan to actively monitor crypto-related businesses appeared first on AMBCrypto.
AMBCrypto

Malta finance regulator to ‘actively monitor’ crypto firms to prevent money laundering

The Malta Financial Services Authority (MFSA), the European country’s financial regulator, has said that it will “actively monitor” licensed cryptocurrency businesses in the country to prevent money laundering. The regulator published a three-year strategic plan for 2019-2021 on Friday, saying that it will modernize its regulatory approach to be prepared and be a step ahead. “We will continue to work closely with the FIAU [Financial Intelligence Analysis Unit] and other national and international authorities, including the newly set-up Malta Digital Innovation Authority (MDIA),” the MFSA said. Malta is home to many crypto businesses, including the world’s largest crypto exchange Binance. The regulator further said that it has already invested and is in the process of implementing SupTech (supervisory technology) intelligence tools, to better identify fraud and prevent money laundering in order to protect investors. Just back in June, the European Commission recommended Malta to up its anti-money laundering (AML) game to match the growth of financial services in the country. The "Blockchain Island" has also faced criticism from the International Monetary Fund (IMF) and recently failed an international AML evaluation. SupTech intelligence tools will help to automate regulatory processes and audit the risk management of virtual asset businesses that are licensed in Malta, the MFSA concluded.  
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Startups in Switzerland and Liechtenstein, natural integration of crypto into Switzerland's banking system, Jamaica's JSE and securities, more crypto exchanges news: South Korea and Cayman Islands as newsmakers, Malta's MFSA scam 'scanner', fund for blockchain integration in Uzbekistan, Kik against SEC trial

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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.
CoinGape

Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
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Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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