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Bitcoin Daily: BitOoda Notches $7M Seed Round; Cypriot Regulator Cautions Against Four Brands

PYMNTS

On another note, The Cyprus Securities and Exchange Commission cautioned against four FX brands that were blacklisted after they reportedly facilitated digital currency and FX trading without having the permission to do so in the nation, Finance Magnates reported.

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China’s Tencent Is Researching Potential Company Cryptocurrency

PYMNTS

Chinese technology company Tencent has announced it’s going to start researching cryptocurrency and its implications for an ongoing project in blockchain, according to reports. The purpose is to introduce a brand new program for users that’s geared toward the diamond industry. The apps must comply by Dec.

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New Law Would Regulate Libra As A Security

PYMNTS

A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. In what are called ‘managed stablecoins’, we have trusted brands marketing digital assets to consumers as secure and stable,” Gooden said.

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UK Watchdog Joins Regulators Asking For Libra Info

PYMNTS

That news has brought out a multitude of regulators, lawmakers and leaders around the globe who are concerned that the currency won’t be regulated closely enough and could potentially upend the global financial market. Facebook has said it will release Libra sometime in 2020.

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Today In Data: How Governments Are Strengthening Crypto Regulation

PYMNTS

The Financial Action Task Force (FATF) recently released guidelines intended to increase the transparency of digital asset transactions, as regulators push for greater cryptocurrency oversight. In retail news, the legal cannabis industry is evolving in Colorado with the state’s licensed businesses.

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Bank Regulator Sees Cryptocurrency Innovation Creating ‘Fool’s Gold’

The Financial Brand

The post Bank Regulator Sees Cryptocurrency Innovation Creating ‘Fool’s Gold’ appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Acting Comptroller draws parallels between booming blockchain-based currency businesses and innovations that ushered in the Great Recession.

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Japan Joins Chorus Of Regulators Worried About Libra

PYMNTS

The Bank of Japan ( BOJ ), Japan’s central bank, has joined in with other regulators and officials around the world in its worry over Facebook’s proposed cryptocurrency Libra , according to reports. . They also talked about how Libra could operate as a brand new global currency. “It monetary policy and the dollar.