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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


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Crypto news in brief (October 15, 218): Sony, Hong Kong, Venezuela, Roger Ver, ICOs in Europe, Bakkt

October 15, 2018 By Crypto Reporter

– Sony is developing blockchain-based software for digital rights management and intellectual property protection
– Hong Kong’s Securities and Futures Commission (SFC) is exploring ways to regulate cryptocurrency exchanges
– Venezuela’s citizens will have to pay fees for passport issuance in the country’s cryptocurrency petro
– Roger Ver plans to buy or develop his own cryptocurrency exchange
– Ex-Coinbase executive will join Bakkt

Japanese corporation Sony announed it is developing blockchain-based software for digital rights management and intellectual property protection.

***

Hong Kong Securities and Futures Commission (SFC) is exploring ways to regulate cryptocurrency trading platforms already operating in the city to tighten investor protection.

***

The Vice President of Venezuela announced that citizens will have to pay fees for passport issuance in the country’s cryptocurrency, petro.

A new passport will cost two petros, around 7,200 bolivars (~$115), or four times the national monthly minimum wage.

***

Bitcoin Cash evangelist Roger Ver, who owns digital wallet provider Bitcoin.com, plans to buy or develop his own cryptocurrency exchange that would use BCH as base currency.

According to Ver, the upcoming crypto trading platform will be placed on the Bitcoin.com website, which is expected to generate a great amount of traffic via various services such as wallet transactions and news.

***

The European Securities and Markets Authority (ESMA) said it was examining every initial coin offering (ICO) to see whether it should be regulated.

Steven Maijoor, the chairman of the ESMA, said he was examining how ICOs fit into existing regulation and how they affect competition in the wider capital raising sector.

“Some of these ICOs are like a financial instrument. Once it is a financial instrument it comes under a whole regulatory framework,” Maijoor said. “The subsequent question is what do we do with those ICOs that are outside the regulatory world. We will assess that as a board. We expect to report by the end of the year.”

***

Adam White, ex-Coinbase executive and the person who led the development of its institutional exchange GDAX, is joining Bakkt, the cryptocurrency trading platform at the Intercontinental Exchange (ICE), according to the people familiar with the matter.

More news:

  • Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins
    Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins
    February 27, 2023
  • Bakkt partners with Google to make crypto payments more accessible
    Bakkt partners with Google to make crypto payments more accessible
    October 11, 2021
  • UAE is set to welcome crypto licensing 
    UAE is set to welcome crypto licensing 
    February 26, 2022
  • PayPal to launch its own crypto wallet 
    PayPal to launch its own crypto wallet 
    August 4, 2021
  • India to tax crypto and NFTs profits at 30%
    India to tax crypto and NFTs profits at 30%
    February 2, 2022
  • Uber to consider accepting crypto as payments 
    Uber to consider accepting crypto as payments 
    February 20, 2022

Filed Under: General News, News Tagged With: Bakkt, cryptocurrency, Europe, Hong Kong, ICO, news, news in brief, regulations, Roger Ver, Sony, Venezuela

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