Media about Us

The US Treasury Secretary called cryptocurrency a national security issue 
16.07.19
The night before, US Treasury Secretary Stephen Mnuchin held a press conference on cryptocurrency regulation. According to him, the Trump administration has very serious doubts about the Libra cryptocurrency presented by Facebook. “This is really a matter of national security. We will not allow digital currency service providers to act in the shadows”, — Mnuchin said. According to Mnuchin, the Financial Crimes Enforcement Network under the Ministry of Finance, we quote: “it will set the highest standards to all persons engaged in transactions in Bitcoin, Libra or any other cryptocurrency”. He also criticized the cryptocurrency in general, thus supporting US President Donald Trump, who made the a ...
UK has included cryptocurrencies in a plan to combat economic crime 
15.07.19
At the end of last week, the British authorities submitted a plan to combat economic crime for 2019-2022. Among other things, the document mentions cryptocurrencies and the need to counter their use in money laundering and terrorist financing. According to the document, all cryptocurrency companies will be included in the relevant legislation in January 2020. “Our goal is not only to comply with the latest international standards, but also to form one of the world's most comprehensive responses to the use of cryptocurrencies in illegal activities”, — said Chancellor of the Exchequer Philip Hammond, Interior Minister Sajid Javid and other officials in a joint statement. Control over the implementation of ...
Donald Trump spoke out about bitcoin and Libra 
12.07.19
For the first time in his career, the US president expressed an opinion on Bitcoin and other cryptocurrencies. Trump tweeted three posts. The head of the United States said that he was: "not a fan of Bitcoin and other cryptocurrencies that are not money, whose value is extremely volatile and comes from nothing". The US President also drew attention to the risks of unregulated cryptocurrencies, which include, inter alia, the possibility of using them for conducting illegal activities, including drug trafficking. “Similarly, Facebook’s“ virtual currency ”Libra will not be very stable or reliable. If Facebook and other companies want to become banks, they must conduct new banking legislation and all ...
LG probably develops its own crypto wallet 
10.07.19
South Korean electronics corporation can develop its own cryptocurrency wallet. This is evidenced by an application filed with the US Patent and Trademark Office. Last week, LG applied for the registration of the ThinQ Wallet trademark for several application scenarios, including a software computer platform for the blockchain, a mobile electronic wallet for cryptocurrencies, and a payment application for mobile phones. Currently, LG is already using the “ThinQ” trademark in its G7 + smartphone. The company has been interested in the blockchain's capabilities since at least 2017, when it worked on a financial platform using Corda software from the R3 consortium. Earlier this year, it became known that to ...
TRON and BitTorrent have released a BTT current BitTorrent Speed ​​client 
09.07.19
Using a BitTorrent torrent client called BitTorrent Speed. The new version of the software supports the BTT token. This is the official press release. The BTT blockchain-based BTT token was introduced at the beginning of the year as a tool for expanding the capabilities of users of a torrent client. According to the publications, BitTorrent Speed ​​will be integrated into all new releases of the µTorrent Classic client for Windows. Like BitTorrent Speed ​​information, users can earn a current BTT per file distribution. The speed and duration of distribution. Together with the main software was presented an integrated wallet. Only available for Windows based devices. “With the launch of Speed has ...
In Singapore, proposed to abolish the tax on goods and services for transactions with cryptocurrency 
08.07.19
The Singapore Revenue Authority has presented a draft e-tax guide for “digital payment tokens”. The document proposes to fully exempt such tools from the requirements related to taxes on goods and services. New regulations may enter into force on January 1, 2020. On July 26, the country's finance ministry organizes a public consultation on “amending the legislation on digital payment tokens”. In accordance with the updated guidelines, the regulator proposes to make two major changes to the existing legal framework: The use of digital payment tokens as a means of payment for goods or services will not be considered an offer of these tokens; The exchange of digital payment tokens for fiat or be ...
The British regulator appreciated the benefits of the prohibition of cryptocurrency derivatives 
04.07.19
The UK Financial Services Authority began consultations on a total ban on cryptocurrency derivatives for retail investors. In particular, we are talking about a ban on the sale, promotion or distribution of CFDs, stock notes, options and futures. The regulator indicates that cryptocurrency assets are “unregulated” and also do not have a “reliable basis for valuation”. The regulator also notes the extreme volatility of the cryptographic market, the prevalence of manipulation and financial crimes. Based on this, the FCA does not see an “obvious investment need” for cryptocurrency derivatives. Moreover, the agency has calculated that the potential benefit for retail consumers from banning be ...
British regulators approved the first cryptocurrency hedge fund 
04.07.19
London hedge fund Prime Factor Capital Ltd was the first cryptocurrency-oriented investment company approved by British regulators. The company announced that it will function as an alternative investment fund in accordance with the rules in force in the territory of the European Union. This will allow Prime Factor to manage more than 100 million euros in assets and attract institutional investors. “Most investment tools in the cryptocurrency industry are beyond the purview of regulators. This is a big problem for a market with such a bad reputation, ”said Edam Grimsley, Operations Director of Prime Factor. Prime Factor, as a full-scale manager of an alternative investment fund, must appoint an independent to and ...
Ethereum Foundation heads for Middle Eastern countries 
03.07.19
The Ethereum Foundation development team begins working with finance experts in the Middle East. The task of this cooperation is to show that the second largest cryptocurrency operates in accordance with Islamic law. This step is also seen as an attempt to attract funding from local wealthy families. “Maybe it won't work. But let's consider a hypothetical situation in which Saudi sovereign funds invest a trillion dollars in Ethereum projects. It would be great”, — said the Ethereum Foundation. Finance expert Van Hafizi Halim said his company had prepared a document stating that Ethereum smart contracts could comply with Islamic banking rules. The work was carried out on behalf of the Ethereum just Any to ...
Cuba is considering the possibility of issuing a national cryptocurrency 
03.07.19
Cuban authorities are considering the use of their own cryptocurrency to circumvent the US sanctions. In an address to citizens on local television, the head of the republic, Miguel Díaz-Kanel, said that this plan could make it possible to attract capital for a quarter of the population and provide support in financing reforms. "We are exploring the possibilities for the use of cryptocurrency in national and international commercial transactions in collaboration with scientists", — said Reuters Economics Minister Alejandro Gil Fernandez. The idea of ​​using cryptocurrency technology to circumvent sanctions from the Cuban authorities could have arisen against the background of a project in a similar ...
Russia will not be held criminally liable for mining cryptocurrency 
02.07.19
This is the statement of the Russian Ministry of Finance. In the near future, citizens of Russia can not be afraid of criminal responsibility for mining cryptocurrency. However, in the foreseeable future in Russia, cryptocurrencies will also not be recognized as legal when paying for goods and services. The decision of the Ministry of Finance commented on Deputy Finance Minister Alexei Moiseyev: “Turnover from the point of view of using cryptocurrency to calculate and pay for goods, works and services, of course, will be banned in Russia, it seems to me, always. I don’t know what will happen in 100 years, but in the immediate future this will never happen”. He recalled that the state currency in Russia is a ...
Cryptocurrency exchange Gemini intends to trade securities on the blockchain 
02.07.19
Cryptocurrency exchange Gemini will apply for a broker-dealer license to the Financial Services Regulatory Authority (FINRA). This step is necessary to obtain permission to provide services as an alternative trading system. Within such a system, customers will legally be able to trade in digital securities. Earlier, Gemini began working with the Harbor tokenization platform. It allows institutional investors to acquire securities using Gemini Dollar's stablecoin. Now Gemini wants to switch to trading similar tools on its own platform. The site expects to embed securities circulating on external platforms, including Harbor. However, it may take some time to obtain the necessary regulatory approval from the company. FINRA ...
National crypto associations will create global team to work with authorities
01.07.19
The group of national associations of service providers in the field of virtual assets — VASP — intends to form a unified association that will represent the industry at the global level. According to a press release, the Australian Digital Commerce Association (ADCA) signed the Protocol of Understanding, the Singapore Cryptocurrency Industry Association and the Blockchain, the Japanese Blockchain Association, the Korean Blockchain Association, the Hong Kong Blockchain Association and the Taiwan Parliamentary Blockchain and Self-Regulatory Coalition. The signing of the document took place at the first V20 VASP Summit, which was held in parallel with the G20 meeting in Osaka and was aimed at ensuring cooperation asset ...
IMF expects central banks to issue their own digital currencies in the future
01.07.19
This is the main thesis of the report of the International Monetary Fund, published this week. The IMF and the World Bank conducted a survey on the spread of financial technologies among all their members and received 96 responses. Several central banks in different countries are considering launching their own digital currencies. Uruguay, presumably, has already opened a pilot program in this area, and the Bahamas, China, the East Caribbean Monetary Union, Sweden and Ukraine are “on the verge”. In addition, several central banks conduct research in the context of the impact of national digital currencies on financial stability, the structure of the banking sector, the attraction of non-banking institutions and the of ...
The bill on digital assets in Russia can be passed in two weeks
18.06.19
The State Duma of the Russian Federation may adopt a bill on digital assets in the second reading in two weeks. So said Deputy Finance Minister Alexei Moiseev, quoted by Tass. “Now we are looking at the text and within two weeks, I hope, we will come out for adoption in the second reading”, — he said. Recall: in late May, it became known that the State Duma developed proposals for regulating the cryptocurrency industry. They were drafted based on the recommendations of the Financial Action Task Force on Money Laundering (FATF). Before that, the head of the State Duma on the financial market, Anatoly Aksakov, reported that the adoption of the law was “stuck” precisely because of the need for these to ...
Visa, Mastercard, Uber and PayPal are investing in a Facebook crypto project
14.06.19
Visa, Mastercard, PayPal and Uber are among the investors of the cryptocurrency project Facebook, writes The Wall Street Journal. According to the publication, the social network has gained the support of more than a dozen organizations that have shown interest in its cryptocurrency GlobalCoin. Each of them will invest about $ 10 million in a consortium that will take over the project management function. The funds received will be used to provide stablecoin pegged to a basket of national currencies. The WSJ also mentions that Stripe, Booking.com and MercadoLibre are taking part in the project, but their role is not specified. For the first time information about the development of Facebook cryptocurrency appeared last It is ...
Ubisoft plans to use the Ethereum blockchain in the video game industry. 
14.06.19
French computer game developer Ubisoft is considering the possibility of using the blockchain in its activities and found at least one possible scenario for such integration, writes AMBCrypto, citing local media. “The idea is to embed the digital existence of objects on the blockchain in video games. This primarily concerns content that publishers monetize“, —the publication says. The company has already decided on the blockchain, which it intends to use to solve the tasks. Quite predictably, her choice was given in favor of Ethereum. According to the source, Ubisoft can use the blockchain to save game items in the form of ERC-721 standard tokens, which have unique characteristics and are used, for example, ...
TRON launches test network of the Sun Network to scale the main blockchain 
11.06.19
The developers of the blockchain platform TRON confirmed the previously announced launch of the test Sun Network, a sidechain aimed at solving the problem of scalability for the further development of the ecosystem. The Sun Network includes several significant scaling projects, including DAppChain and crosschain communications. DAppChain is expected to help scale up TRON smart contracts. Due to this, the power consumption of decentralized applications will drop to a record low. At the same time, the safety and efficiency of DApps will increase. “The solution will reveal the unlimited scalability of the main TRON network and will support the growing number of TRON transactions”, — write the time, a lot of are The ...
Visa launched a payment blockchain system to simplify corporate settlements
11.06.19
Visa's payment service for making B2B payments using blockchain technology has been launched. For the first time information about the creation of this service appeared in October 2016. At the launch stage, Visa B2B Connect will allow corporate customers to make payments in 30 markets. It is expected that by the end of the year the system will start servicing 90 additional payment corridors. The solution is designed to simplify international payments and will allow transfers directly from one bank to another without the involvement of intermediaries. "By creating a solution in which transactions between banks are transferred directly, we eliminate the difficulties associated with the most problematic areas in this a ...
Iran has proposed to strip miners of electricity concessions 
10.06.19
Iranian Deputy Energy Minister Homayun Khaeri launched an initiative to establish full electricity tariffs for the miners of cryptocurrencies. The Financial Tribune reports that in Iran, the authorities annually subsidize the energy sector for $ 1 billion to cover the difference between the real cost of electricity and the amount paid by end-users. The publication writes that the tariff for Iranians is about a cent per kilowatt-hour. In December, the organization Atlantic Council reported that Iranian miners still receive income from their activities, despite the fall in the cryptocurrency market. At the same time, the Financial Tribune notes that the country has restrictions on the trade in cryptocurrencies and their mining, not ...
In India, offered to plant for cryptocurrency for 10 years 
07.06.19
Any resident of India, who will be caught in the use of cryptocurrency, can be imprisoned for 10 years. So says the new law "On the prohibition of cryptocurrency and the regulation of official digital currencies" of 2019. Punishment can also be extended to persons “directly or indirectly connected with mining, generation, storage, sale, transfer, sale, issue and conclusion of transactions with critical currencies”. It is assumed that citizens arrested for relevant violations will not be able to exercise the right to release from custody on bail. When making decisions, the court will be guided by four criteria: Degree of culpability; Real and expected profit; The frequency of the to the other a ...
In the State Duma proposed to introduce a penalty for mining "illegitimate" cryptocurrency 
07.06.19
The State Duma is considering the possibility of establishing administrative responsibility for mining cryptocurrencies in public blockchains. This writes TASS referring to the statement of the head of the State Duma Committee on Financial Market Anatoly Aksakov. “I will note that actions with cryptocurrency that are not conditional on Russian legislation will be considered illegitimate. This means that “mine”, organizing the issue, circulation, creation of exchange points for these tools will be prohibited. We believe that cryptocurrencies created on open blockchains - Bitcoins, ethers, etc., are illegitimate tools, ”he said, adding that administrative responsibility in the form of a fine may be provided for ...
BlockShow attracts crypto donations for the restoration of Notre-Dame de Paris 
17.04.19
Blockchain Blockchain event announced the beginning of a fundraiser to finance the reconstruction of the Cathedral of Notre-Dame de Paris. The Blockshow team posted on Twitter two donation addresses for Bitcoin and Ethereum, as well as a link to Foundations Du Patrimoine, which accepts fiat funds. Other non-profit international organizations attract funds for the same purpose. Including GoFundMe and La Fondation Avenir du Patrimoine à Paris. According to his information, they have already managed to attract several hundred million dollars with the support of the richest citizens of France, including the family Bettancourt-Myers, Bernard Arnaud and Francois Pinot. On April 15, 2019, the cathedral, which is one of the of the ...
1st International Conference — Blockchain Regulation: Opportunities & Risks
07.06.18
Weintegrate Kazakhstan into the world’s blockchain ecosystem!In Astana on June 7-8, the largest international conferencewill be held under the title «Blocking regulation: opportunities and risks».The conference will discuss the future of blockchain, cryptocurrency and theuse of technology in education and science.Leading speakers will express opinions on topics. DeputyPrime Minister of the Republic of Kazakhstan Askar Zhumagaliyev will be thefirst to speak about the blockchain.Expectations:10 international cosultants50 companies10 universitites300 participansMaster classesRound tables ...
In Kazakhstan proposed the concept of market regulation of the cryptocurrency
30.05.18
Internationalfinancial centre “Astana” (AIFC) in whose territory a special legal regime hasdeveloped and approved the Concept of market regulation of virtual currenciesand private placement securities. About this informed the head of theinterdepartmental group on risk assessment of turnover of cryptocurrency inRussia Elina Sidorenko in his Telegram-channel “Kriptonika”.The document aims to regulate the relations arising from thehandling and storage of virtual currencies via operators specialized tradingplatforms.Also the document gives definitions of key terms used in theprocess of production, storage and handling virtual currencies. In particular,it introduces the notion of a “smart contract”, a section ...
Astana will discuss regulatory issues of cryptocurrencies and blockchain technologies
25.05.18
On June 7-8 Astana will host the first internationalconference “Blockchain regulation: opportunitiesand risks”. Event will be held on the territory of EXPO, with theparticipation of the government of Kazakhstan, professional associations andmajor international companies. The conference will be opened by a key figure inthe field of digitalization of Kazakhstan – Deputy Prime Minister of KazakhstanAskar Zhumagaliyev.On May 17, At the Astana forum “Global Challenges Summit2018”, President of Kazakhstan Nursultan Nazarbayev proposed to develop commoninternational rules for the use and regulation of cryptocurrencies.“Most countries are actively studying the possibility oftheir adaptation to the current of At ...