Switzerland Embraces Crypto With Fund License for Startup Firm
Switzerland is gathering the conditions for blockchain and cryptocurrency startups to thrive. Recently, Switzerland’s financial regulator has given the same license as a professional fund manager to a cryptocurrency startup, the Crypto Finance AG. Founded in June 2017, the financial technology holding company is now recognized as an asset manager of collective investment schemes, meaning it can manage and distribute domestic and foreign funds and provide advice to investors. Crypto Finance AG Chief Executive Officer Jan Brzezek stated yesterday:
“FINMA (Swiss Financial Market Supervisory Authority) authorization is an important acknowledgment of Crypto Fund and for crypto assets around the world.”
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EU Watchdog Will Evaluate ‘Every’ ICO for Potential Regulatory Push
Recently, Reuters reported that the European Union’s securities watchdog said it was examining every initial coin offering (ICO) to see whether it should be regulated, mirroring moves by its U.S. counterpart. Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), said he was examining how ICOs fit into existing regulation and how they affect competition in the wider capital raising sector. On European Parliament’s economic affairs committee, Maijoor stated:
“Some of these ICOs are like a financial instrument. Once it is a financial instrument it comes under a whole regulatory framework”, “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.”
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Mastercard Patent Hints at Plan for Multi-Currency Blockchains
Yesterday, according to a publication by the U.S. Patent and Trademark Office, Mastercard has won a patent for a proposed system that would allow the launch of different kinds of blockchains, including those that support multiple currencies. The patent goes on to explain:
“There is a need for a technological solution to provide a partitioned blockchain that is capable of storing multiple transaction formats and types in a single blockchain, reducing the computing resources and processing power required for deployment and operation of the blockchain, while also providing for enhanced usage of permissions for permissioned blockchains.”
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Dear users, it’s with great pleasure that we invite you to attend the MJAC blockchain conference.
Hosting the biggest and brightest blockchain leaders, the MJAC conference will be the perfect place to learn, network and discuss the future of the crypto industry.
The event counts with a long list of sponsors and media partners. You can count on a great variety of exhibitions booths and many prominent speakers. The list of speakers includes the founder of Atlas Neue and former CCO of Ethereum Stephan Tual, Circle’s European Legal & Business Director Claire Wells, Global CMO and EMEA Managing Director at Circle Marieke Flament, Ripple’s Head of European Regulatory Relations Dan Morgan, founder of Atlas Neue Cassius Kiani, Head of ICO Advisory at NKB Group Marina Titova, CEO and Co-founder of Coinfloor Ltd Obi Nwosu, and European Marketing Lead at Coinbase Joseph-Daniel Millwood, among many others.
The event will take place November 30th on Old Billingsgate, a historical event venue located in the heart of London.
Get your tickets here (use the CC30 discount code to get 30% off)