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Chief Accountant At SEC Talks Crypto Holdings And “Fundamental Responsibility” To Report Activities

There are many companies that have digital assets filling up their account books to make some extra space. However, in a recent reminder from the US Securities and Exchange Commission, these types of holdings do not make them exempt from the “fundamental responsibility” of reporting their financial activities to the proper entities. Wesley Bricker, who […] дальше »

2018-9-21 10:46


Amazon is about to Enter Crypto Market, Jeff Brown

Financial institutions across the world have warned their citizens about the risks of indulging in the cryptocurrency market. Other regulatory bodies have gone as far as to ban them as well. This is because from a traditional finance out-look the cryptocurrency market is very, very volatile and newbies in the market are at a high The post Amazon is about to Enter Crypto Market, Jeff Brown appeared first on ItsBlockchain. дальше »

2018-9-21 08:24


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ICONLOOP Signs MOU with Korean Conglomerate to Develop Blockchain Business Models for Financial Industries

The financial service sector is becoming increasingly aware of the power and utility of blockchains. The large-scale institutions servicing millions of people across the globe need customized blockchain solutions that could address their unique needs and handle the large daily volume. дальше »

2018-9-21 22:49


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Holding Digital Assets Doesn’t Modify a Company’s Financial Report: SEC Chief Accountant

Holding digital assets could create extra space in a company’s account books, but it does not change the “fundamental responsibility” of a company to report its financial activities. Chief accountant for the US Securities and Exchange Commission (SEC) Wesley Bricker reminded firms of their financial responsibilities, clearing the air about digital asset reporting. дальше »

2018-9-21 18:49


ICON (ICX) Partners With SK Holdings To Offer Blockchain Services To Banks, Insurers, and Brokers

ICON (ICX) and SK Holdings C&C have announced a strategic collaboration centered on improving dealings in banks, insurance companies among other financial companies. In an announced MoU Signed by ICONLOOP and SK Holdings C&C, the two firms will be cooperating to co-develop blockchain business models in financial industries. дальше »

2018-9-21 14:47


Financial Action Task Force (FATF) Seeks New AML Cryptocurrency Standard Agreement

The Financial Action Task Force is an organization that includes multiple governments that aim to reduce the risk of money laundering through their regulations and protocols. The organization was founded in 1989, and their most recent development seems to be the goal of creating a set of standards that concern cryptocurrency. This new endeavor has […] дальше »

2018-9-20 07:20


Ripple Network Shows Fantastic Results After SAP And ATB Cross-Border Payments Project

Blockchain technology is changing the way in which financial institutions work, and this can be seen with the latest developments related to the Ripple Network. Falk Rieker, Global Head of Industry Business Units for Banking at SAP, talked about how traditional financial institutions are using Ripple for cross-border payments. He explained that banks all over […] дальше »

2018-9-20 07:12


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Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions of shutting down accounts of brokers trading cryptocurrency without merit. дальше »

2018-9-20 04:25


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IronX Cryptocurrency Exchange Obtains Regulatory Approval in Crypto-Friendly Estonia

IronX, a cryptocurrency exchange established in June 2018 by the IronFX Group and EmurgoHK, the founders of the Cardano (ADA) distributed ledger technology (DLT) project, has received the approval of the Estonian Financial Intelligence Unit (FIU), to conduct business in the region as a fully regulated cryptocurrency trading venue. дальше »

2018-9-20 20:00


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3 Steps Bakkt Will Take to Become a ‘Regulated Institution,’ According to CEO

The CEO of Bakkt shed some light on the steps it will take to differentiate itself on the market and become a regulated financial institution. Physically Delivered Bitcoin Via Regulated Infrastructure In a blog post of September 18, Kelly Loeffler, CEO at Bakkt, revealed the project’s intended steps to address the “unique requirements of regulated institutions, their clients and stakeholders. дальше »

2018-9-19 18:00