According to a representative survey by Migros Bank, younger generations are increasingly betting on crypto-currencies instead of physical gold. Around 7 percent of the 18- to 55-year-old Swiss population have invested money in bitcoin or in other crypto-currencies. That is more than they have invested in physical gold. For the over-55s, by contrast, the preference […]
The South Korean city of Seoul is introducing a blockchain-based petition system on the 1st of March. The system is intended to give citizens the opportunity to propose issues directly to the local administration. Residents of the capital can use the system to submit proposals to the government about possible changes to existing policies or […]
German companies Edeka, Lidl, Henkel, SAP, Lufthansa and several other large companies are planning a joint blockchain project for the exchange of load carriers. Well-known companies are working on blockchain projects This was announced by the German branch of the standardization organization GS1. The companies involved in the project, all of which have a turnover […]
The White House is exploring ways to create incentives for US households to invest in the stock market. One proposal is that a portion of income for investment purposes would be tax-exempt. According to CNBC, the Trump administration is currently examining several proposals as part of an upcoming stimulus package set to include tax-free investments […]
The French SEC-equivalent AMF (Autorité des marchés financiers), detailed the existing issue on approaches taken regarding digital currencies. In their report, the AMF called on the European Commission to develop a strategy for digital financial services. The Fintech dossier called for the EU to “regulate the issuance and exchange of financial instruments in a blockchain […]
Federal Reserve Chairman Jerome Powell addressed the House of Representatives’ Financial Services Committee on Tuesday. When asked about digital currencies, Powell admitted that the Libra project had sparked some excitement in the Fed last year. Jerome Powell, the current chairman of the Federal Reserve, said this in response to Illinois Congressman Bill Foster’s question about […]
The Swiss regulatory authority FINMA has announced a new proposal that provides stricter guidelines for unidentifiable crypto-currency transactions. The new FIDLEG and FINIG laws, have obliged the Swiss Financial Market Supervisory Authority FINMA to issue certain, mainly technical, implementation provisions. For this reason, FINMA presented a new, streamlined ordinance last week. Among other things, the […]
The German financial supervisory authority Bafin has already received more than 40 expressions of interest from banks that would like to obtain a licence for the crypto-custody business in future. Due to the new money laundering law, banks are no longer restricted to simply offering and safekeeping of classical securities such as shares or bonds, […]
The SEC Commissioner Hester Peirce wants to give projects in the crypto sector a chance to avoid conflict with US securities laws when seeking funding. Peirce, who has been with the Securities and Exchange Commission for two years and is known only as “CryptoMom” by the blockchain community, has formally proposed a safe haven for […]
Six major central banks, including the Bank of Japan and the European Central Bank, are scheduled to meet in Washington in mid-April to discuss issues related to the likely introduction of central bank digital currencies. According to the Japan Times, the governors of the ECB and the central banks of the United Kingdom, Canada, Japan, […]
