The FinTech Roundup is again as soon as once more, with our weekly
evaluation of the previous week’s cryptocurrency and blockchain information as reported by the
DCEBrief cryptocurrency information web site. This week featured information that Russia could ban
cryptocurrency buying and selling, extra drama within the SEC-Telegram case, and far more.
A Financial institution of Russia official lately instructed Interfax that the
nation’s still-pending cryptocurrency laws may in the end embody a
full ban on all digital forex issuance and buying and selling. In line with the
central financial institution’s authorized division director Alexei Guznov, the brand new digital property
are an “unjustified danger.”
The Italian Purple Cross has reopened its bitcoin fundraising
effort. The group’s earlier effort raised its goal purpose in a matter
of days, with donors racing to ship the funds wanted to shortly set up a
new Covid-19 pre-triage unit. The brand new Purple Cross marketing campaign is looking for about
$26,000 in donations to buy the gear wanted to proceed their battle
towards the outbreak.
A federal courtroom in New York has dominated in favor of the
authorities’s request for a preliminary injunction that may block Telegram
from issuing its Gram digital tokens. The decide decided that the
distribution of the tokens would possible violate the federal securities legal guidelines.
Blockchain analytics agency Coin Metrics has reportedly closed
its newest funding spherical. The Collection A spherical yielded about $6 million in funds
from buyers like Highland Capital Companions, Digital Forex Group,
Coinbase, Dragonfly Capital, and Constancy.
The Missoula County Board of Commissioners has determined to increase
momentary zoning laws that it handed final April in response to
cryptocurrency mining corporations’ rising demand for vitality. The laws are
now prolonged till April 3, 2020 and require new or expanded corporations to buy
or construct renewable vitality sources that successfully offset their vitality wants.
Gemini Trust Among Dozens of Firms Granted Temporary Exemption from Singapore
Crypto Licensing Requirement
Singapore’s central financial institution, the Financial Authority of Singapore,
has launched the names of dozens of corporations which were granted momentary
exemptions from the Fee Companies Act’s licensing mandates. Along with
firms like Google and Amazon, a number of main cryptocurrency corporations obtained
both six-month or one-year exemptions, together with Coinbase, Gemini Belief, and