Industry Watch 23 March, 2018

Nami | Daily Crypto News 23.03.2018

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Bussiness Insider: City Minister: There could be ‘a stable, flourishing cryptocurrency exchange in London’ with the right regulation

Cryptocurrencies don’t pose a risk to the UK economy and any regulation of the sector will be “proportionate,” according to Britain’s City minister John Glen.

Nikkei Asian Review: Coincheck hackers inch closer to cash-out

The 58 billion yen ($550 million) in virtual currency stolen from a Japanese exchange operator in January appeared to have been more or less completely laundered as of Thursday, after an effort to track it was dropped.

Financial Times: JPMorgan weighs spin-off for blockchain project

JPMorgan Chase is working on a potential spin-off of its main blockchain technology project after the biggest US bank by assets decided it was more likely to achieve widespread adoption as an independent operation.

The Bussiness Time: Japan regulator warns cryptocurrency exchange Binance over unregistered ops

Japan’s financial watchdog on Friday issued a warning to Hong Kong-based cryptocurrency exchange Binance for operating without registration, the latest move by regulators to tighten standards in the country’s digital money industry.

Coin Desk: Blockchain Capital Raises $150 Million, Looks Beyond Financial Services

This recent round is Blockchain Capital’s largest to date. It came in two parts: $125 million for the Blockchain Capital IV LP fund and $25 million worth of cryptocurrency for Blockchain Capital Parallel Fund IV. It did not disclose what kind of tokens the latter fund accepted, just that it only takes crypto.

Coin Telegraph: US Dept. Of Treasury Could Add Crypto Wallets Of Sanctioned Persons To Blacklist

The US Department of the Treasury may begin adding digital currency addresses to its sanctions list if they can tie them to a sanctioned individual, according to a document issued March 19.

Coin Telegraph: South Korea: Financial Regulators To Investigate Banks Over Crypto AML Measures

South Korean financial regulators will investigate local banks over compliance with anti-money laundering (AML) guidelines for operations with cryptocurrency exchanges, as reported by a local news outlet Yonhap News yesterday, March 21.

Coin Telegraph: Swiss Foundation Gets $30mln To Start ‘Non-Volatile’ Cryptocurrency

A group of financiers will create a “complimentary global currency” subject to random identity checks and pegged to fiat, Financial Times reports March 22.

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