OKEX Korea Drops 5 Privacy Coins Citing FATF Rules

Regulatory pressure on cryptocurrency exchanges to stop providing users with access to so-called privacy coins is growing. The South Korean arm of the Malta-based OKEX exchange announced early on Monday that it is to delist five cryptocurrencies that provide extra privacy features for users. From Oct. 10, the exchange will no longer support trading in […]

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Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens nations’ financial stability. In interview with French daily Les Echos on Thursday, Bertrand Perez, the association’s general director, played down concerns over potential disruption to the monetary policies of central banks with currencies included in the Libra reserve – a […]

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CME’s Bitcoin Index Provider Wins First Crypto Benchmark License in EU

CF Benchmarks has become the first cryptocurrency index provider to be recognized as a Benchmark Administrator under the European Benchmarks Regulation (EU BMR). The U.K.’s Financial Conduct Authority (FCA) authorized CF Benchmarks as an administrator on Friday, affirming that financial institutions can use the company’s indices in any European financial products after the BMR takes […]

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Facebook Libra Brings ‘Risks and Opportunities’: Swiss Watchdog Chief

The head of the Swiss financial markets watchdog has spoken out on the perceived pressure for the nation arising from Facebook’s Libra cryptocurrency project being based in Geneva, as well as the potential opportunities cryptocurrency tech brings. In an interview with the Neue Zuercher Zeitung newspaper, Mark Branson, director of the Financial Market Authority (FINMA), said that […]

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