Crypto News 01.11.2018

New York awards BitLicense to Bitcoin ATM company

Bitcoin ATM provider Coinsource received its BitLicense from the New York State Department of Financial Services. Coinsource becomes the first digital currency ATM provider to be granted the license and the 12th company overall to receive the stamp of approval from the state regulator.

CEO of Coinsource Sheffield Clark said “All New Yorkers — from the people that are unbanked to the people who own the banks — can use our kiosks in their neighborhood retail locations to buy Bitcoin instantly in a convenient and familiar way.”

Bithumb and seriesOne partner to launch US securities token exchange

Aiming to create an SEC and FINRA-compliant US exchange, blockchain-based crowdfunding firm seriesOne and crypto exchange Bithumb have formed a joint venture. The goal is to trade security tokens within a “compliant marketplace” and within the context of “other applicable regulatory approvals.”

Korean Bitcoin exchange Bithumb is partnering with seriesOne, an expert on US regulation, with experience working with the SEC. For seriesOne, the new alliance allows it to build its presence in the Asian region through a Bithumb investment designed to “scale technical development and marketing.” “Together the companies believe they are well positioned to execute on a global token exchange that operates in compliance under US securities laws,” according to the joint statement.

Hong Kongs securities watchdog i te faaauraa i te moni i te crypto

Hong Kongs Securities e te opuaraa a te Ekalesia ananahi parau ra i te reira e hopoi mai i te moni crypto i raro ae i te mau faatureraa no te securities i te haamaitai i te investor parururaa. Te moni regulator te parau, e i te haamauaraa i te moni ia au i Hong Kong ia tei e ia faaʻite i te manao i nia i te tiamaraa. O Ashley Alder, te SFCs ei tia faatere, te mau parau i roto i te haamauruururaa no te parau api: “Te mau ravea… no reira, e investors’ e riro te mau paruru ra i te faito tano te faatereraa i te moni, i te pu opereraa buka, e aore ra, na”

Jehan Chu, upoo faatere no te niuhia i nia i te Hong Kong crypto haamauaraa parau te oire pu ma te aueue ore i te Kenetic “Tatou te mau oaoa no te hio i te SFC e rave i te mau ea tima no te horoa i te maramarama e te aratairaa i te faatereraa i te mau api, opereraa i te mau afata moni i te mau hinaaro e te mau faanahoraa trading, te faaite nei i te e, e hinaaro no te turu i te tupuraa i te rahi o te crypto e te blockchain eco i te faanahoraa a te i roto i te hoe paruru e te maraa te SFC.”

Morgan Stanley report says Bitcoin is new institutional asset class

Institutional investors are increasingly getting involved in Bitcoin and other cryptocurrencies – while the number of retail investors in the space is staying stagnant – according to a new report “Bitcoin Decrypted: A Brief Teach-In and Implications” by Morgan Stanley. The report emphasized its “rapidly morphing thesis,” which began by defining Bitcoin as “digital cash” and noting that investors had full confidence in it, to a solution for issues in the financial system, to a new payment system to ultimately a new institutional investment class.

Bitcoin is a “new institutional investment class,” and has been for almost a year, the report stated. The amount of crypto assets under management has been increasing since January 2016, i te $7.11 billion currently being stored by hedge funds, venture capital firms and private equity firms. That being said, the report did cite three issues clients had with investing in the cryptocurrency space: regulatory uncertainty, a lack of regulated custodian solutions and a current lack of large financial institutions in the space.

Kraken mau mahana matete Conference Report no te 01.11.2018

Crypto News 01.11.2018