29/03/18 News
📈1."Exchange Shutdown"-2 Bitcoin Exchanges Choose Shutdown Over Regulatory Compliance;
Japan’s financial services regulator continues to reshape the country’s cryptocurrency exchange industry as two operators announce they are closing, local source Nikkei states March 28. Two Japanese exchanges, Mr. Exchange and Tokyo GateWay, will cease trading once they have returned customer funds, according to Nikkei.
📈2."Adoption"-Bank of England To Test Blockchain Features For New Payment System;
The Bank of England is undertaking a proof-of-concept (PoC) to understand how the renewed Real Time Gross Settlement (RTGS) service could be capable of interacting with Distributed Ledger Technology (DLT), according to the bank’s statement on March 27. Real Time Gross Settlement systems are special payment systems where the transfer of funds is conducted between banks in “real time” and on a “gross basis”. This means that transactions are settled as soon as they are processed on a one-to-one basis without linking with any other transaction. RTGS systems are usually used for high-value transactions requiring instant clearing and operated by a country’s central bank.
📈3."Liechtenstein"-Supports Blockchain With New Regulations;
The government of Liechtenstein will introduce new legislation to regulate Blockchain business models and underlying Blockchain systems, Prime Minister Adrian Hasler announced during a speech at the Finance Forum in Vaduz, Cointelegraph auf Deutsch reported March 28.
The bill will be presented in summer 2018 and is drafted so that business models based on Blockchain technology are integrated in a manner which provides legal and regulatory certainty for businesses and customers alike.
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