Europe

Swiss Finance Watchdog Tells Banks to Treat Crypto Trading As High Risk

| Yogita Khatri

The Swiss Financial Market Supervisory Authority (FINMA) is giving tough guidance to banks wanting to trade in crypto assets, a report indicates.

UK Government Says It Will Update Crypto Tax Guidance By Early Next Year

| Nikhilesh De

The UK Cryptoassets Taskforce wants to encourage the development of distributed ledger technology, according to a final report published Monday.

IBM and Maersk Struggle to Sign Partners to Shipping Blockchain

| Ian Allison

Since Maersk and IBM launched TradeLens 10 months ago, only one other carrier has joined the network. As those involved admit, that's not enough.

EU Securities Group Advises Regulating Crypto Assets Under Existing Rules

| Yogita Khatri

A group that advises the EU's securities watchdog has recommended regulating most crypto assets under existing financial rules.

Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding

| Ian Allison

Blockchain finance firm Clearmatics has closed a $12-million Series A funding round led by Route 66 Ventures.

Crypto Fund Wins License From Swiss Markets Watchdog

| Wolfie Zhao

Switzerland's financial markets regulator FINMA has issued an asset management license to a crypto investment fund.

EU Markets Regulator Budgets €1.1 Million to Monitor Cryptos, Fintech

| Daniel Palmer

The EU's financial markets watchdog is setting aside over €1 million in order to monitor cryptocurrencies and other fintech activities in 2019.

France Accuses Intelligence Agent of Selling State Secrets for Bitcoin

| Nikhilesh De

A French security official was arrested last week on charges of selling state secrets and accepting bitcoin in return, local media sources say.

Malta’s Prime Minister Hails Crypto as ‘Future of Money’ in UN Speech

| Daniel Palmer

Malta's prime minister, Joseph Muscat, has told the U.N. that cryptocurrencies are "the inevitable future of money."

Europol Warns of Crypto Hacks and Mining Malware in Latest Report

| Daniel Palmer

Europol has warned against the rising threats of cryptocurrency hacks and mining malware in a new report.