– American Blockchain Association gets footing in Washington D.C.
– Bitcoin.com crypto wallet deleted from Google Play
– South Korean banks will limit service to unidentified users
– Binance and Malta Stock Exchange sign MOU
– The United Arab Emirates’ Securities and Commodities Authority gets clear on ICO
– Overstock founder sells $20mln shares to fund blockchain projects
American Blockchain Association has been founded in Washington D.C. This is the first organisation in the US to represent interests of entrepreneurs and investors, who work with cryptocurrency. Coinbase, Barry Silbert’s Digital Currency Group and other companies form part of the organisation.
Google Play has deleted Bitcoin.com crypto wallet from its store after numerous user complaints that Bitcoin Cash is listed as base currency in the wallet.
South Korean banks will limit the service to those crypto exchange users who haven’t gone through identification process. Despite the fact that the verification service has been in place for half a year, only 40-50% of accounts have completed identification.
Binance and Malta Stock Exchange have signed a memorandum of understanding – the two will launch a platform to trade tokens regarded as securities.
The United Arab Emirates‘ Securities and Commodities Authority (SCA) has introduced its view on ICO regulation. ICO tokens will fall into the category of securities.
Patrick Byrne, CEO and founder of Overstock.com, sold $20.7 million worth of company shares. The money will go into funding some blockchain projects alongside Overstock and its subsidiary Medici Ventures.