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Considered amongst the most advanced startup ecosystems in the world, Israel is now quickly emerging as a leading blockchain hub. Israel's development of cutting-edge technologies in software, communications and the life sciences have evoked comparisons with Silicon Valley. Nicknamed the Startup Nation, Israel currently has the highest density of startups...
The Swiss Financial Market Supervisory Authority (FINMA) has granted its first authorization to a cryptocurrency company. Crypto Fund AG, a subsidiary of Crypto Finance AG, has become the country’s first crypto asset manager to be approved by the financial regulator, it said on Tuesday.Crypto Fund, one of the three...
MPs on the U.K.'s Treasury Select Committee have said that the crypto industry is the "wild west" and that investors are left facing "numerous risks" due to the unregulated environment. According to Conservative MP Nicky Morgan, chair of the committee, the current situation is unsustainable, reports The Guardian. "Bitcoin and other...
The New York Department of Financial Services (NYDFS) has authorized Gemini Trust Company LLC, the cryptocurrency exchange platform founded by the Winklevoss brothers, and Paxos Trust Company LLC, formerly itBit, to offer a price-stable cryptocurrency pegged to the US dollar. Commonly known as stablecoins, these aim to offer a liquid,...
The cryptocurrency industry in Thailand is booming with about 50 initial coin offerings (ICOs) and 20 exchanges showing interest in applying for a digital asset license, according to Thailand’s Securities and Exchange Commission (SEC). “License approvals are being processed,” SEC secretary general Rapee Sucharitakul told the Bangkok Post. “Many companies...

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