Industry Watch 14 March, 2018

Nami | Daily Crypto News 14.03.2018

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Bloomberg: Winklevoss Twins Have a Plan to Police Cryptocurrency Trading

The brothers, who run the Gemini exchange for trading Bitcoin and Ether, have submitted a proposal to create the Virtual Commodity Association, a self-regulatory organization meant to police digital-currency markets and custodians. The non-profit group would aim to develop industry standards, promote transparency and work with regulators including the U.S. Commodity Futures Trading Commission to prevent fraud.

The Bussiness Time: G20 financial heads to urge crypto-asset monitoring to safeguard financial stability

The world’s financial leaders will call on international standard-setting bodies on March 20 for stronger monitoring of crypto-assets and to assess the need for a multilateral response as such assets could at some point threaten financial stability.

Financial Times: Google to ban cryptocurrency advertisements from June

Google will ban advertisements for cryptocurrencies and initial coin offerings from June as part of a move to clamp down on unregulated financial products. Google said in a blog post that it had “updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs)”.

Coin Desk: Coinbase Receives E-Money License from UK Financial Regulator

Coinbase is officially expanding digital money services in the U.K. and EU. The license now enables the company the ability to provide payment services and issue digital cash alternatives, which can then be used to make card, internet or phone payments.

Financial Times: Bitcoin exchange in banking tie-up with Barclays

A major bitcoin exchange has struck a banking relationship with Barclays, a move that marks a break in the ranks of UK lenders who have been shunning the cryptocurrency industry as it comes under growing scrutiny from regulators.

Coin Telegraph: World’s Largest Crypto Exchange Binance To Launch Decentralized Trading Platform

Binance’s vision that “centralized and decentralized exchanges will co-exist in the near future, complementing each other” inspired them to develop the Binance Chain, which will be used for the transfer and trading of Blockchain assets. The move will also push the cryptocurrency exchange toward transforming from a company into a community.

Coin Speaker: Bitcoin Lightning Network Mainnet Reaches 1,000 Active Nodes

With the ongoing speed of the development of Lightning Network, analysts believe that the official release of the first version of the mainnet can occur anytime soon.

Reuters: Thailand to tax gains from cryptocurrency trade: minister

Thailand plans to impose a 15-percent withholding tax on gains from cryptocurrency trade, Finance Minister Apisak Tantivorawong said on Wednesday.

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