No crypto Rupee, fake e-Krona, Bank of England and Ripple as longstanding partners, discrimination against Petro, Bakkt, the finale of BitMEX for USA and Quebec, state of BTC in Canada inquiries
- India freezes plans for a cryptocurrency version of the Rupee. The government cites the moment as inopportune to think about a crypto-rupee. Kunal Nadwani of uTrade Solutions and Praveen Kumar of Belfrics are among those who back this step.
- Kuwait Finance House (KFH) affirms applying Ripple for international money transfer. The KFH confirmed the news on Twitter, after about seven months of the announcement of affiliating with RippleNet. The money transfer service is open in Saudi currency, the Riyal, and customers can enact remittances through the Al Rajhi Bank.
- Sweden reserve bank, Riksbank, alerts locals on the selling of bogus e-Krona. The scam is supposed to be advertising rates of the cryptocurrency which the government calls fraudlent as the e-Kroner development has not reached completion as of this date. The e-Krona is the electronic counterpart of the Swedish currency, the Krona.
- In the Continuation of Future Forum 2018 the Bank of England’s Mark Carney said there exist a partnership of the bank with Ripple since 2017. In the discussion he says the partnership with Ripple aids the bank in surveying various choices involving the DLT, digital assets and other advanced technologies. He remarked, ‘Money is evolving.‘
- Venezuela, a World Trade Organization member, says US sanctions are discriminatory against the Petro (PTR). The Bolivarian Republic of Venezuela submitted a consultation request called ‘United States – Measures relating to trade in goods and services’. They are seeking talks with the US government on specific measures imposed on trading goods and services which is said to result to Venezuelan suppliers receiving less beneficial treatment. And also accusing the US of prejudiced ‘coercive trade-restrictive’ towards PTR.
- Bakkt acquires its first acquisition. The BTC futures exchange operator acquired ‘certain assets’ from the Rosenthal Collins Group (RCG). Bakkt underlines in a statement their mission entails a great tech investment to pursue an ground-breaking platform and financial market expertise to usher in a trustworthy digital asset fintech ecosystem.
- BitMex shuts down US and Quebec-based trading accounts. The decision was done in light of stricter regulations and a concentrated effort against unlicensed cryptocurrency exchanges in the US.
- Political groups in Canada ask for guidelines on contributions and transactions denominated in BTC. In a draft note Elections Canada (EC) states campaign contributions in the form of cryptocurrencies are non-monetary similar to bonds and stocks making it ineligible for taxes but should be accepted within the limits of the Canada Elections Act.